Malaysia Vitamin B3 Market Outlook | Value, Growth, Analysis, Revenue, Industry, Trends, Share, Size, Forecast, Companies & COVID-19 IMPACT

Market Forecast By Type (Feed grade, Nutrition grade), By Source (Natural, Synthetic), By Form (Dry, Liquid), By Application (Nutrition, Consumer, Agrochemicals, Pharmaceuticals, Other applications) And Competitive Landscape
Product Code: ETC103905 Publication Date: Jun 2023 Updated Date: Sep 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Malaysia Vitamin B3 Market Shipment Analysis

Malaysia Vitamin B3 Market registered a decline of -50.5% in value shipments in 2021 as compared to 2020 and an increase of 7.76% CAGR in 2021 over a period of 2017. In Vitamin B3 Market Malaysia is becoming less competitive as HHI index in 2021 was 9122 while in 2017 it was 8749. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.

Malaysia has reportedly relied more on imports to meet its growing demand in Vitamin B3 Market. India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Vitamin B3 Market in 2021 was 7.85 while in 2017 it was 3.9. China, Germany, Singapore, Philippines and Canada were among the top players of the market in 2021, where China acquired the largest market share of 95.48% with a shipment value of 3.17 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 93.43% with the shipment value of 4.32 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although China offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Malaysia Vitamin B3 Market in 2017.


The Malaysia vitamin B3 market is projected to grow at a CAGR of 5.4% from 2021-2026. The growth of the market in the country can be attributed to increased usage of niacin and its derivatives as nutritional supplements, rising awareness among consumers regarding health benefits associated with vitamin B3, increasing prevalence of lifestyle diseases such as obesity, diabetes, etc., and growing demand for beauty products containing Vitamin B3 across the globe. Additionally, favorable government initiatives towards healthcare infrastructure and rising disposable income are further driving the growth of this market in Malaysia.

Key Highlights of the Report:

  • Malaysia Vitamin B3 Market Outlook
  • Market Size of Malaysia Vitamin B3 Market, 2020
  • Forecast of Malaysia Vitamin B3 Market, 2027
  • Historical Data and Forecast of Malaysia Vitamin B3 Revenues & Volume for the Period 2018 - 2027
  • Malaysia Vitamin B3 Market Trend Evolution
  • Malaysia Vitamin B3 Market Drivers and Challenges
  • Malaysia Vitamin B3 Price Trends
  • Malaysia Vitamin B3 Porter's Five Forces
  • Malaysia Vitamin B3 Industry Life Cycle
  • Historical Data and Forecast of Malaysia Vitamin B3 Market Revenues & Volume By Type for the Period 2018 - 2027
  • Historical Data and Forecast of Malaysia Vitamin B3 Market Revenues & Volume By Feed grade for the Period 2018 - 2027
  • Historical Data and Forecast of Malaysia Vitamin B3 Market Revenues & Volume By Nutrition grade for the Period 2018 - 2027
  • Historical Data and Forecast of Malaysia Vitamin B3 Market Revenues & Volume By Source for the Period 2018 - 2027
  • Historical Data and Forecast of Malaysia Vitamin B3 Market Revenues & Volume By Natural for the Period 2018 - 2027
  • Historical Data and Forecast of Malaysia Vitamin B3 Market Revenues & Volume By Synthetic for the Period 2018 - 2027
  • Historical Data and Forecast of Malaysia Vitamin B3 Market Revenues & Volume By Form for the Period 2018 - 2027
  • Historical Data and Forecast of Malaysia Vitamin B3 Market Revenues & Volume By Dry for the Period 2018 - 2027
  • Historical Data and Forecast of Malaysia Vitamin B3 Market Revenues & Volume By Liquid for the Period 2018 - 2027
  • Historical Data and Forecast of Malaysia Vitamin B3 Market Revenues & Volume By Application for the Period 2018 - 2027
  • Historical Data and Forecast of Malaysia Vitamin B3 Market Revenues & Volume By Nutrition for the Period 2018 - 2027
  • Historical Data and Forecast of Malaysia Vitamin B3 Market Revenues & Volume By Consumer for the Period 2018 - 2027
  • Historical Data and Forecast of Malaysia Vitamin B3 Market Revenues & Volume By Agrochemicals for the Period 2018 - 2027
  • Historical Data and Forecast of Malaysia Vitamin B3 Market Revenues & Volume By Pharmaceuticals for the Period 2018 - 2027
  • Historical Data and Forecast of Malaysia Vitamin B3 Market Revenues & Volume By Other applications for the Period 2018 - 2027
  • Malaysia Vitamin B3 Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Source
  • Market Opportunity Assessment By Form
  • Market Opportunity Assessment By Application
  • Malaysia Vitamin B3 Top Companies Market Share
  • Malaysia Vitamin B3 Competitive Benchmarking By Technical and Operational Parameters
  • Malaysia Vitamin B3 Company Profiles
  • Malaysia Vitamin B3 Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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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 Malaysia Vitamin B3 Market Overview

3.1 Malaysia Country Macro Economic Indicators

3.2 Malaysia Vitamin B3 Market Revenues & Volume, 2020 & 2027F

3.3 Malaysia Vitamin B3 Market - Industry Life Cycle

3.4 Malaysia Vitamin B3 Market - Porter's Five Forces

3.5 Malaysia Vitamin B3 Market Revenues & Volume Share, By Type, 2020 & 2027F

3.6 Malaysia Vitamin B3 Market Revenues & Volume Share, By Source, 2020 & 2027F

3.7 Malaysia Vitamin B3 Market Revenues & Volume Share, By Form, 2020 & 2027F

3.8 Malaysia Vitamin B3 Market Revenues & Volume Share, By Application, 2020 & 2027F

4 Malaysia Vitamin B3 Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Malaysia Vitamin B3 Market Trends

6 Malaysia Vitamin B3 Market, By Types

6.1 Malaysia Vitamin B3 Market, By Type

6.1.1 Overview and Analysis

6.1.2 Malaysia Vitamin B3 Market Revenues & Volume, By Type, 2018 - 2027F

6.1.3 Malaysia Vitamin B3 Market Revenues & Volume, By Feed grade, 2018 - 2027F

6.1.4 Malaysia Vitamin B3 Market Revenues & Volume, By Nutrition grade, 2018 - 2027F

6.2 Malaysia Vitamin B3 Market, By Source

6.2.1 Overview and Analysis

6.2.2 Malaysia Vitamin B3 Market Revenues & Volume, By Natural, 2018 - 2027F

6.2.3 Malaysia Vitamin B3 Market Revenues & Volume, By Synthetic, 2018 - 2027F

6.3 Malaysia Vitamin B3 Market, By Form

6.3.1 Overview and Analysis

6.3.2 Malaysia Vitamin B3 Market Revenues & Volume, By Dry, 2018 - 2027F

6.3.3 Malaysia Vitamin B3 Market Revenues & Volume, By Liquid, 2018 - 2027F

6.4 Malaysia Vitamin B3 Market, By Application

6.4.1 Overview and Analysis

6.4.2 Malaysia Vitamin B3 Market Revenues & Volume, By Nutrition, 2018 - 2027F

6.4.3 Malaysia Vitamin B3 Market Revenues & Volume, By Consumer, 2018 - 2027F

6.4.4 Malaysia Vitamin B3 Market Revenues & Volume, By Agrochemicals, 2018 - 2027F

6.4.5 Malaysia Vitamin B3 Market Revenues & Volume, By Pharmaceuticals, 2018 - 2027F

6.4.6 Malaysia Vitamin B3 Market Revenues & Volume, By Other applications, 2018 - 2027F

7 Malaysia Vitamin B3 Market Import-Export Trade Statistics

7.1 Malaysia Vitamin B3 Market Export to Major Countries

7.2 Malaysia Vitamin B3 Market Imports from Major Countries

8 Malaysia Vitamin B3 Market Key Performance Indicators

9 Malaysia Vitamin B3 Market - Opportunity Assessment

9.1 Malaysia Vitamin B3 Market Opportunity Assessment, By Type, 2020 & 2027F

9.2 Malaysia Vitamin B3 Market Opportunity Assessment, By Source, 2020 & 2027F

9.3 Malaysia Vitamin B3 Market Opportunity Assessment, By Form, 2020 & 2027F

9.4 Malaysia Vitamin B3 Market Opportunity Assessment, By Application, 2020 & 2027F

10 Malaysia Vitamin B3 Market - Competitive Landscape

10.1 Malaysia Vitamin B3 Market Revenue Share, By Companies, 2020

10.2 Malaysia Vitamin B3 Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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