Niacin Prices, Trends & Forecasts | Provided by Procurement Resource

Niacin or nicotinic acid (C₆H₅NO₂) is a white crystal or crystalline powder which is a water-soluble B vitamin. It has no odour and tastes a little sour. It can be consumed as a supplement, included in foods, and is naturally found in several food products. The two well-known forms of niacin found in meals as well as supplements are nicotinic acid and nicotinamide.

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As it is water-soluble, any amount of the vitamin which is not required by the body is excreted naturally. The nutrient is used by more than 400 enzymes in the body as a coenzyme for carrying out several metabolic processes. Its respective molecular weight and density are 123.1094 g/mol and 1.47 g/cm³.

Key Details About the Niacin Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Niacin price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Niacin Price Trends, including India Niacin price, USA Niacin price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Niacin Price Trend:

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Niacin is widely used in the food and beverage industry due to its role as a superior antioxidant which is driving its market growth. In addition, it is mainly employed to lower harmful free radical levels, which can damage DNA and cells while raising the possibility of developing chronic illnesses such as cancer and heart disease. In addition, it also helps synthesise energy in three stages, including the conversion of carbohydrates to glucose; transforming fats to lipids; and, lastly, it interacts with dietary proteins to form essential brain chemicals such as serotonin, which controls appetite and regulates mood, which in turn furthers the market expansion.

Key Players:

  • Acros Organics
  • Charkit Chemical Company LLC
  • Penta Manufacturing Company

News & Recent Development

  • 8th May 2023- It has been discovered that niacin, a type of vitamin B3, can prevent weight loss and muscle wasting caused by cancer (cancer cachexia) and the basic mitochondrial alterations in experiments done on mice. This could provide a potential treatment for cancer cachexia in humans.

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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

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