South Korea Vitamin B3 Market Size & Outlook, 2023-2030
The vitamin b3 market in South Korea is expected to reach a projected revenue of US$ 9.4 million by 2030. A compound annual growth rate of 2.4% is expected of South Korea vitamin b3 market from 2024 to 2030.
Revenue, 2023 (US$M)
$7.9
Forecast, 2030 (US$M)
$9.4
CAGR, 2024 - 2030
2.4%
Report Coverage
South Korea
Related Markets
South Korea vitamin b3 market highlights
- The South Korea vitamin b3 market generated a revenue of USD 7.9 million in 2023 and is expected to reach USD 9.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 2.4% from 2024 to 2030.
- In terms of segment, natural was the largest revenue generating source in 2023.
- Natural is the most lucrative source segment registering the fastest growth during the forecast period.
Vitamin b3 market data book summary
| Market revenue in 2023 | USD 7.9 million |
| Market revenue in 2030 | USD 9.4 million |
| Growth rate | 2.4% (CAGR from 2024 to 2030) |
| Largest segment | Natural |
| Fastest growing segment | Natural |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural, Synthetic |
| Key market players worldwide | Jubilant Life Sciences, DSM, Glanbia PLC, Basf SE, Spectrum Chemical Manufacturingrp |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.1% of the global vitamin b3 market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China vitamin b3 market is projected to lead the regional market in terms of revenue in 2030.
- ANZ is the fastest growing regional market in Asia Pacific and is projected to reach USD 10.7 million by 2030.
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Vitamin B3 Market Scope
Vitamin b3 market segmentation & scope
Vitamin B3 Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Jubilant Life Sciences | View profile | 5001-10000 | Amroha, Uttar Pradesh, India, Asia | http://www.jubl.com/ |
| Spectrum Chemical Manufacturingrp | View profile | 101-250 | New Brunswick, New Jersey, United States, North America | https://www.spectrumchemical.com |
| DSM | View profile | 10001+ | Heerlen, Limburg, The Netherlands, Europe | http://www.dsm.com |
| Glanbia PLC | View profile | 5534 | Ring Road, Glanbia House, Kilkenny, Ireland, R95 E866 | https://www.glanbia.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
South Korea vitamin b3 market size, by source, 2018-2030 (US$M)
South Korea Vitamin B3 Market Outlook Share, 2023 & 2030 (US$M)
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