Global Niacinamide Market Size, Share, And Business Benefits By Form (Powder, Granular, Liquid), By Type (Natural, Synthetic), By Grade (Feed Grade, Pharmaceutical Grade), By Application (Pharmaceuticals, Human Nutrition, Animal Nutrition, Cosmeceuticals, Others), By Distribution Channel (Hospital Pharmacies, Online Pharmacies, Drug stores and Retail Pharmacies, Others), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2025-2034

Report Overview

Global Niacinamide Market is expected to be worth around USD 1,075.5 Million by 2034, up from USD 654.0 Million in 2024, and grow at a CAGR of 5.1% from 2025 to 2034. With a 45.6% share, North America leads in niacinamide sales, indicating strong growth.

Niacinamide, also known as nicotinamide, is a form of vitamin B3 that is water-soluble and essential for cellular energy production and DNA repair. It is widely used in skincare products due to its ability to reduce inflammation, improve skin texture, and minimize pores, making it a popular ingredient in anti-aging and acne treatments. Additionally, niacinamide is utilized in dietary supplements to prevent and treat niacin deficiency, playing a vital role in maintaining overall skin health, nervous system function, and cardiovascular wellness.

The niacinamide market is experiencing significant growth driven by the rising consumer awareness of skincare and personal wellness. The increasing prevalence of skin disorders, coupled with a growing demand for multifunctional cosmetic products, has led to a surge in the use of niacinamide in various formulations. Additionally, its recognized benefits in improving skin elasticity, brightening complexion, and reducing hyperpigmentation have further propelled its adoption across the cosmetic and pharmaceutical sectors.

The expanding personal care and cosmetics industry serves as a major growth factor for the niacinamide market. With consumers increasingly seeking skincare solutions that provide anti-inflammatory, anti-aging, and skin-soothing effects, niacinamide has emerged as a key ingredient in multiple formulations, from serums and creams to sunscreens and facial cleansers.

Rising awareness regarding vitamin deficiencies and their impact on skin health has driven the demand for niacinamide-based supplements. The increased focus on preventive healthcare and the growing popularity of nutraceuticals have created new avenues for niacinamide in the dietary supplement sector. Additionally, the increasing adoption of plant-based and vegan skincare products has opened up opportunities for natural and sustainable niacinamide formulations, further expanding the market’s scope.

Key Takeaways

• Global Niacinamide Market is expected to be worth around USD 1,075.5 Million by 2034, up from USD 654.0 Million in 2024, and grow at a CAGR of 5.1% from 2025 to 2034.
• In the Niacinamide Market, powder form dominates with a substantial 53.9% share globally.
• Synthetic niacinamide accounts for a significant 91.5% of the total market share by type.
• Pharmaceutical grade niacinamide captures 67.4% of the market, driven by increasing medical applications.
• Pharmaceuticals hold a 37.6% share in the niacinamide market, emphasizing its therapeutic demand.
• Drug stores and retail pharmacies lead with a 54.8% distribution share, indicating strong consumer reach.
• The USD 298.2 Mn Niacinamide Market in North America reflects robust demand.

By Form Analysis

In the Niacinamide market, powder form dominates with a 53.9% share.

In 2024, Powder held a dominant market position in the By Form segment of the Niacinamide Market, capturing a significant 53.9% share. The rising demand for powdered niacinamide in various applications such as pharmaceuticals, cosmetics, and personal care products has driven its dominance.

Powdered niacinamide’s longer shelf life and ease of formulation in multiple product types, including creams, serums, and dietary supplements, have bolstered its market position. Additionally, the growing awareness of the skin-brightening and anti-aging properties of niacinamide has increased its inclusion in skincare formulations, further fueling demand.

The pharmaceutical sector’s preference for powdered forms due to their stability and ease of dosage measurement has also contributed to the segment’s robust market share. As consumer interest in skin-enhancing and anti-inflammatory products continues to rise, the Powder segment is poised for sustained growth, reinforcing its market leadership position.

By Type Analysis

Synthetic niacinamide type leads the market, accounting for a substantial 91.5% share.

In 2024, Synthetic held a dominant market position in the By Type segment of the Niacinamide Market, capturing an impressive 91.5% share. The extensive utilization of synthetic niacinamide in pharmaceutical and cosmetic applications has been a key driver of its market dominance.

Synthetic niacinamide, known for its consistent quality and cost-effectiveness, is widely preferred in the production of dietary supplements, skincare products, and pharmaceutical formulations. The stability and availability of synthetic niacinamide have enabled manufacturers to maintain steady supply chains, particularly in large-scale production settings.

Furthermore, the pharmaceutical sector extensively relies on synthetic niacinamide for its efficacy in preventing and treating niacin deficiency, thereby reinforcing its market share. In the cosmetics industry, synthetic niacinamide is a favored ingredient due to its proven skin-brightening and anti-inflammatory properties, leading to its widespread inclusion in serums, creams, and lotions.

By Grade Analysis

Pharmaceutical-grade niacinamide holds a strong 67.4% market share in 2024.

In 2024, Pharmaceutical Grade held a dominant market position in the By Grade segment of the Niacinamide Market, accounting for a substantial 67.4% share. The extensive use of pharmaceutical-grade niacinamide in the formulation of supplements, medications, and dermatological products has been a key factor driving its market dominance.

Its high purity, stringent regulatory compliance, and proven efficacy in addressing niacin deficiency and various skin conditions have made it the preferred choice for pharmaceutical manufacturers. The pharmaceutical sector’s demand for premium-grade niacinamide, particularly in the production of tablets and capsules for nutritional supplements, has further fueled its market share.

Additionally, the increasing prevalence of skin disorders and the rising demand for anti-inflammatory and skin-brightening products have led to a surge in the incorporation of pharmaceutical-grade niacinamide in topical formulations. The cosmetic and dermatological industries also favor pharmaceutical-grade niacinamide for its stability and skin-enhancing properties, contributing to sustained demand.

As consumer awareness regarding skin health and nutritional supplements continues to rise, the Pharmaceutical Grade segment is expected to maintain its leading position, driven by ongoing advancements in formulation technologies and expanding applications in both pharmaceuticals and personal care products.

By Application Analysis

Pharmaceuticals remain the largest application, representing 37.6% of the niacinamide market.

In 2024, Pharmaceuticals held a dominant market position in the By Application segment of the Niacinamide Market, accounting for a 37.6% share. The significant uptake of niacinamide in pharmaceutical formulations, primarily in the production of dietary supplements and therapeutic products for niacin deficiency, has propelled its market dominance.

The pharmaceutical sector’s focus on addressing nutritional deficiencies and improving metabolic functions has driven the widespread use of niacinamide as a critical ingredient in various supplements. Additionally, its proven efficacy in treating skin-related disorders such as acne, hyperpigmentation, and inflammation has further solidified its presence in dermatological products.

The incorporation of niacinamide in anti-inflammatory and antioxidant formulations for oral and topical applications has also contributed to the segment’s substantial share. The increasing consumer preference for preventive healthcare and nutritional supplementation continues to support the growing demand for niacinamide-based pharmaceutical products.

By Distribution Channel Analysis

Drug stores and retail pharmacies control 54.8% of the niacinamide distribution channel.

In 2024, Drug stores and Retail Pharmacies held a dominant market position in the By Distribution Channel segment of the Niacinamide Market, capturing a notable 54.8% share. The extensive presence of drug stores and retail pharmacies across urban and rural areas has significantly contributed to their commanding market share.

Consumers increasingly prefer purchasing niacinamide-based products such as dietary supplements, skincare products, and pharmaceutical formulations from these channels due to the convenience, accessibility, and availability of a wide range of products. Furthermore, the personalized assistance offered by pharmacists and store staff in recommending appropriate niacinamide formulations has further strengthened consumer trust in retail pharmacies.

The increasing focus on health and wellness has led to a surge in demand for vitamin B3 supplements, prompting drug stores and retail pharmacies to expand their product offerings, thereby bolstering their market presence. Additionally, promotional activities, in-store discounts, and customer loyalty programs have further propelled sales of niacinamide products through these channels.

Key Market Segments

By Form

• Powder
• Granular
• Liquid

By Type

• Natural
• Synthetic

By Grade

• Feed Grade
• Pharmaceutical Grade

By Application

• Pharmaceuticals
• Human Nutrition
• Animal Nutrition
• Cosmeceuticals
• Others

By Distribution Channel

• Hospital Pharmacies
• Online Pharmacies
• Drug stores and Retail Pharmacies
• Others

Driving Factors

Growing Demand for Skin-Enhancing Skincare Products

The increasing popularity of skincare products enriched with niacinamide is a major driving factor for the Niacinamide Market. Niacinamide is widely recognized for its skin-brightening, anti-inflammatory, and anti-aging properties, making it a sought-after ingredient in serums, creams, and lotions.

Consumers are increasingly opting for skincare formulations that promise to reduce acne, minimize pores, and enhance overall skin texture, fueling demand for niacinamide-based products.

Additionally, the rise in awareness regarding the benefits of vitamin B3 for skin health has encouraged cosmetic companies to incorporate niacinamide into their product lines. The surge in social media marketing and endorsements by beauty influencers has further heightened consumer interest in niacinamide, propelling market growth.

Restraining Factors

High Production Costs Impact Market Expansion

The high cost of producing niacinamide poses a significant restraint in the Niacinamide Market. The complex extraction and synthesis processes involved in producing pharmaceutical-grade and cosmetic-grade niacinamide contribute to elevated manufacturing costs.

Additionally, fluctuations in raw material prices further exacerbate the cost burden for manufacturers, limiting their profit margins. Small and medium-sized enterprises, in particular, face challenges in maintaining competitive pricing while adhering to stringent quality standards.

Moreover, the rising costs of advanced formulation techniques and regulatory compliance add to the financial strain, affecting the overall market expansion. As a result, consumers may opt for more affordable alternatives, slowing the growth potential of niacinamide-based products in price-sensitive regions.

Growth Opportunity

Rising Demand for Dietary Supplements Boosts Growth

The growing awareness of health and wellness is creating a substantial growth opportunity for the Niacinamide Market in the dietary supplements segment. Niacinamide, a vital form of vitamin B3, is increasingly recognized for its role in supporting metabolic functions, cardiovascular health, and skin improvement.

With consumers prioritizing preventive healthcare, the demand for niacinamide-infused supplements is gaining momentum. Furthermore, the rising prevalence of vitamin deficiencies, particularly among older adults, has spurred the adoption of niacinamide as a key ingredient in multivitamin formulations.

Manufacturers are capitalizing on this trend by introducing innovative supplement products with targeted health benefits, enhancing market penetration. This growing consumer focus on overall health presents a lucrative growth opportunity for niacinamide producers.

Latest Trends

Niacinamide-Infused Skincare Gains Widespread Popularity

The increasing integration of niacinamide in skincare formulations has emerged as a prominent trend in the Niacinamide Market. Renowned for its anti-aging, anti-inflammatory, and skin-brightening properties, niacinamide is now a key ingredient in serums, moisturizers, and facial masks.

Beauty brands are leveraging this trend by launching niacinamide-enriched products to cater to the rising demand for multifunctional skincare solutions. Additionally, social media platforms and beauty influencers are amplifying the popularity of niacinamide, promoting its benefits for acne reduction, pore minimization, and skin tone improvement.

As consumers seek effective skincare solutions with proven ingredients, the demand for niacinamide-infused products is expected to witness sustained growth, driving market expansion in the coming years.

Regional Analysis

North America dominates the Niacinamide Market with a 45.6% share, generating USD 298.2 Mn.

In 2024, North America held a dominant position in the Niacinamide Market, accounting for 45.6% of the global share and generating USD 298.2 million. The region’s significant market share is driven by high consumer awareness regarding skincare benefits and the widespread use of niacinamide in dietary supplements and cosmetic products.

The demand for niacinamide-infused skincare solutions, particularly in the United States, has been bolstered by rising consumer focus on anti-aging and skin-brightening formulations. Europe follows as a prominent market, with increasing applications in pharmaceutical and nutraceutical products, supported by a strong regulatory framework.

Asia Pacific is witnessing steady growth, driven by a surge in skincare product consumption and the rising adoption of dietary supplements in countries like China and India. The Middle East & Africa and Latin America present emerging opportunities, with increasing consumer inclination towards health-enhancing supplements and beauty products containing niacinamide.

Key Regions and Countries

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of MEA

Key Players Analysis

In 2024, Aurorium remained a significant player in the global Niacinamide Market, leveraging its extensive expertise in specialty chemicals to expand its product portfolio. The company focused on enhancing its production capabilities to meet the growing demand for niacinamide in the pharmaceutical and cosmetic sectors. Strategic investments in research and development enabled Aurorium to introduce high-purity niacinamide formulations tailored to dietary supplements and skincare applications, reinforcing its market position.

BASF SE continued to dominate the niacinamide market by capitalizing on its robust distribution network and advanced manufacturing processes. The company emphasized sustainable production practices, aligning with the increasing consumer demand for eco-friendly ingredients. BASF’s comprehensive range of niacinamide products caters to diverse end-use industries, from pharmaceuticals to personal care, further strengthening its market share.

Brother Enterprises Holding Co., Ltd. maintained its competitive edge through targeted expansions in emerging markets, particularly in Asia Pacific. The company’s focus on cost-effective production and high-quality niacinamide products positioned it as a reliable supplier for pharmaceutical and nutraceutical manufacturers. Additionally, Brother Enterprises leveraged strategic collaborations to enhance its distribution capabilities, aiming to capture a larger share of the niacinamide market in developing regions.

Top Key Players in the Market

• Aurorium
• BASF SE
• Brother Enterprises Holding Co., Ltd.
• DSM
• Evonik Industries AG
• Fagron
• Foodchem International Corporation
• Jubilant Pharmova Limited
• Lasons India.
• Lonza
• Merck KGaA
• MOLBASE
• Vanetta

Recent Developments

• In September 2024, Evonik expanded its portfolio of botanical and natural active ingredients by launching two new products: CapilAcid and Oleobiota. These products cater to the growing demand for sustainable and scientifically substantiated beauty and personal care products.
• In August 2024, BASF declared a Force Majeure on deliveries of selected vitamin A, vitamin E, carotenoid products, and certain aroma ingredients due to a fire at its Ludwigshafen plant. This incident affected the production of aroma ingredients and precursors for vitamin production.

Report Scope