Product Code: ETC103903 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India vitamin B3 market import shipment trend experienced a notable decline, with a negative CAGR from 2020-2024. The growth rate between 2023 and 2024 worsened significantly. The market contracted consistently, indicating a sharp slowdown in imports over the period.
The vitamin B3 market in India is seen to be growing steadily over the next few years, driven by increasing demand for nutritional supplements and rising health awareness. The growth of this market is expected to be supported by rising disposable incomes, better access to healthcare facilities and an increased focus on preventive healthcare practices. Increasing consumer preference for natural ingredients has also been contributing positively to the uptake of vitamin B3-infused products in India.
On the other hand, availability of counterfeit products due to lack of stringent regulations may restrain growth in certain regions. Additionally, low penetration levels in rural areas can act as a major deterrent as well. Nevertheless, with more product launches coupled with advanced packaging techniques and increasing use cases across industries such as food & beverages and pharmaceuticals are likely to support future opportunities for players operating in this space.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Vitamin B3 Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Vitamin B3 Market Revenues & Volume, 2020 & 2027F |
3.3 India Vitamin B3 Market - Industry Life Cycle |
3.4 India Vitamin B3 Market - Porter's Five Forces |
3.5 India Vitamin B3 Market Revenues & Volume Share, By Type, 2020 & 2027F |
3.6 India Vitamin B3 Market Revenues & Volume Share, By Source, 2020 & 2027F |
3.7 India Vitamin B3 Market Revenues & Volume Share, By Form, 2020 & 2027F |
3.8 India Vitamin B3 Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 India Vitamin B3 Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing awareness about the importance of vitamin B3 for overall health and wellness in India |
4.2.2 Increasing disposable income leading to higher spending on healthcare and dietary supplements |
4.2.3 Rise in the geriatric population in India, driving demand for vitamin B3 supplements |
4.3 Market Restraints |
4.3.1 Lack of awareness about the specific benefits of vitamin B3 compared to other vitamins |
4.3.2 Presence of counterfeit or low-quality vitamin B3 products in the market affecting consumer trust |
4.3.3 Price fluctuations of raw materials impacting the cost of manufacturing vitamin B3 supplements |
5 India Vitamin B3 Market Trends |
6 India Vitamin B3 Market, By Types |
6.1 India Vitamin B3 Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Vitamin B3 Market Revenues & Volume, By Type, 2018 - 2027F |
6.1.3 India Vitamin B3 Market Revenues & Volume, By Feed grade, 2018 - 2027F |
6.1.4 India Vitamin B3 Market Revenues & Volume, By Nutrition grade, 2018 - 2027F |
6.2 India Vitamin B3 Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 India Vitamin B3 Market Revenues & Volume, By Natural, 2018 - 2027F |
6.2.3 India Vitamin B3 Market Revenues & Volume, By Synthetic, 2018 - 2027F |
6.3 India Vitamin B3 Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 India Vitamin B3 Market Revenues & Volume, By Dry, 2018 - 2027F |
6.3.3 India Vitamin B3 Market Revenues & Volume, By Liquid, 2018 - 2027F |
6.4 India Vitamin B3 Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 India Vitamin B3 Market Revenues & Volume, By Nutrition, 2018 - 2027F |
6.4.3 India Vitamin B3 Market Revenues & Volume, By Consumer, 2018 - 2027F |
6.4.4 India Vitamin B3 Market Revenues & Volume, By Agrochemicals, 2018 - 2027F |
6.4.5 India Vitamin B3 Market Revenues & Volume, By Pharmaceuticals, 2018 - 2027F |
6.4.6 India Vitamin B3 Market Revenues & Volume, By Other applications, 2018 - 2027F |
7 India Vitamin B3 Market Import-Export Trade Statistics |
7.1 India Vitamin B3 Market Export to Major Countries |
7.2 India Vitamin B3 Market Imports from Major Countries |
8 India Vitamin B3 Market Key Performance Indicators |
8.1 Consumer engagement on social media platforms regarding vitamin B3 benefits and usage |
8.2 Number of new product launches and innovations in the India vitamin B3 market |
8.3 Growth in the number of health and wellness blogs/articles focusing on vitamin B3 benefits in India |
9 India Vitamin B3 Market - Opportunity Assessment |
9.1 India Vitamin B3 Market Opportunity Assessment, By Type, 2020 & 2027F |
9.2 India Vitamin B3 Market Opportunity Assessment, By Source, 2020 & 2027F |
9.3 India Vitamin B3 Market Opportunity Assessment, By Form, 2020 & 2027F |
9.4 India Vitamin B3 Market Opportunity Assessment, By Application, 2020 & 2027F |
10 India Vitamin B3 Market - Competitive Landscape |
10.1 India Vitamin B3 Market Revenue Share, By Companies, 2020 |
10.2 India Vitamin B3 Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |