Nicotinamide, also known as niacinamide, is an essential vitamin and a necessary constituent of co-enzymes found in the mammalian systems. It is a type of vitamin B complex that is generally soluble in water. Regular intake of nicotinamide helps reduce several skin problems, minimize liver ailments, avoid kidney disorders, etc. It is also widely used in the formulation of cosmetics as a hair- and skin-conditioning agent. Apart from this, nicotinamide is utilized to treat diabetes mellitus, schizophrenia, and alcoholism.Browse complete production cost analysis report with TOC and list of figures & tables: https://bit.ly/2VnXbiP
The expanding personal care sector represents one of the key factors catalyzing the global nicotinamide market. It is widely used in skin products as it locks moisture, builds proteins, minimizes pore appearance, protects against sun damage, etc. Moreover, nicotinamide is extensively utilized for treating pellagra, a disorder caused by niacin deficiency. This, in turn, is acting as another growth-inducing factor. Additionally, the growing niacinamide supplementation in animal feed to avoid vitamin B3 deficiency and associated disorders in livestock is also stimulating the global market. Furthermore, the escalating health consciousness among consumers about the lack of vitamin B3 is augmenting the demand for nicotinamide supplements, which is expected to propel the global nicotinamide market over the forecasted period.
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