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NEW YORK , May 27, 2022 /PRNewswire/ -- The vitamin B3 market size is anticipated to grow by USD 104.26 million from 2021 to 2026, as per the latest market analysis report by Technavio. The report predicts the market to witness an accelerating growth momentum at a CAGR of 5.44% during the forecast period. The market will witness positive growth during the forecast period due to the increasing prevalence of vitamin B3 deficiency. In addition, increasing consumer spending on nutrient supplements will also emerge as one of the prominent vitamin B3 market trends that is expected to impact the industry positively in the forecast period. However, the regulatory control on supplement usage limits due to side effects such as flushing will limit the market's growth.
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Vitamin B3 Market: Type Landscape
Vitamin B3 Market: Geography Landscape
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Vitamin B3 Market Vendor Landscape
The vitamin B3 market is fragmented and the vendors are deploying growth strategies such as investment in R&D to compete in the market. To make the most of the opportunities and recover from post pandemic impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Vitamin D3 Market by Application and Geography - Forecast and Analysis 2022-2026
Gummy Vitamin Market by Distribution channel and Geography - Forecast and Analysis 2022-2026
Accelerate at a CAGR of 5.44%
North America, Europe, Asia, and Rest of World (ROW)
US, Canada, Denmark, China, and India
Leading companies, competitive strategies, consumer engagement scope
Agro Cool India Ltd., Brother Enterprises Holding Co. Ltd. , Foodchem International Corp., Glanbia plc, Ishita Drugs and Industries Ltd., Jubilant Pharmova Ltd., Koninklijke DSM NV, Lasons India Pvt. Ltd., Lonza Group Ltd., Merck KGaA, Shandong Hongda Biotechnology Co. Ltd., Spectrum Laboratory Products Inc., TER HELL and Co. GmbH, The Chemical Co., Twinlab Consolidated Holdings Inc., Vanetta Ltd., Veer Chemie and Aromatics Pvt. Ltd., Vertellus Holdings LLC, Western Drugs Ltd., and Yuki Gosei Kogyo Co. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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