Global Vitamin B3 Market Size & Outlook, 2023-2030

The vitamin b3 industry worldwide is expected to reach a projected revenue of US$ 434.3 million by 2030. A compound annual growth rate of 2.2% is expected of the worldwide vitamin b3 industry from 2024 to 2030.
Revenue, 2023 (US$M)
$372.0
Forecast, 2030 (US$M)
$434.3
CAGR, 2024 - 2030
2.2%
Report Coverage
Worldwide

Global vitamin b3 market highlights

  • The global vitamin b3 market generated a revenue of USD 372.0 million in 2023 and is expected to reach USD 434.3 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 2.2% by 2030.
  • In terms of segment, natural accounted for a revenue of USD 351.8 million in 2023.
  • Natural is the most lucrative source segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.
  • Country-wise, ANZ is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 372.0 million
Market revenue in 2030USD 434.3 million
Growth rate2.2% (CAGR from 2024 to 2030)
Largest segmentNatural
Fastest growing segmentNatural
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationNatural, Synthetic

Other key industry trends

  • In terms of revenue, the North America accounted for 29.1% of the global vitamin b3 market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, ANZ is the fastest growing regional market and is projected to reach USD 10.7 million by 2030.

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Vitamin B3 Market Companies

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Global vitamin b3 market size, by regions, 2018-2030 (US$M)

Top 10 countries: Vitamin b3 market size, 2023 (US$M)

Global vitamin b3 market share, by source, 2023 & 2030 (%, US$M)

Vitamin b3 market: Opportunity assessment by country

Global vitamin b3 market, by region, 2023 (US$M)

Global vitamin b3 market size, by regions, 2018-2030 (US$M)

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