Table of Content

1 INTRODUCTION 20
1.1 OBJECTIVES OF THE STUDY 20
1.2 MARKET DEFINITION 21
1.3 STUDY SCOPE 21
FIGURE 1 VITAMIN B3: MARKET SEGMENTATION 21
FIGURE 2 REGIONAL SEGMENTATION 22
1.4 PERIODIZATION CONSIDERED 22
1.5 CURRENCY CONSIDERED 23
TABLE 1 USD EXCHANGE RATE, 2017–2019 23
1.6 STAKEHOLDERS 23
1.7 INCLUSIONS & EXCLUSIONS 24

2 RESEARCH METHODOLOGY 25
2.1 RESEARCH DATA 25
FIGURE 3 RESEARCH DESIGN 25
2.1.1 SECONDARY RESEARCH 26
2.1.2 PRIMARY RESEARCH 26
2.1.2.1 Key industry insights 26
2.1.2.2 Key data from primary sources 27
2.1.2.3 Market data from primary sources 28
2.1.2.4 Breakdown of primaries 29
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 29
2.2 MACROECONOMIC INDICATORS 30
2.2.1 INTRODUCTION 30
2.2.2 MARKET SIZE ESTIMATION 30
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-UP APPROACH 31
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-DOWN APPROACH 31
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 32
FIGURE 7 DATA TRIANGULATION METHODOLOGY 32
2.4 RESEARCH ASSUMPTIONS 33
2.5 LIMITATIONS 33

3 EXECUTIVE SUMMARY 34
FIGURE 8 VITAMIN B3 MARKET, BY FORM, 2020 VS. 2025 (USD MILLION) 34
FIGURE 9 VITAMIN B3 MARKET, BY TYPE, 2020 VS. 2025 (USD MILLION) 35
FIGURE 10 VITAMIN B3 MARKET, BY SOURCE, 2025-P (%) 35
FIGURE 11 VITAMIN B3 MARKET, BY APPLICATION, 2020 VS. 2025 (USD MILLION) 36
FIGURE 12 ASIA PACIFIC DOMINATED THE VITAMIN B3 MARKET IN 2019 37

4 PREMIUM INSIGHTS 38
4.1 BRIEF OVERVIEW OF THE VITAMIN B3 MARKET 38
FIGURE 13 INCREASE IN DEMAND FOR NUTRITIONAL FOOD & BEVERAGE PRODUCTS DRIVING THE DEMAND FOR VITAMIN B3 38
4.2 ASIA PACIFIC: VITAMIN B3 MARKET, BY KEY APPLICATION & COUNTRY 39
FIGURE 14 ASIA PACIFIC: INDIA ACCOUNTED FOR THE LARGEST MARKET FOR VITAMIN B3 IN 2019 39
4.3 VITAMIN B3 MARKET, BY APPLICATION 39
FIGURE 15 VITAMIN B3 IS WIDELY USED IN NUTRITION APPLICATIONS 39
4.4 VITAMIN B3 MARKET, BY COUNTRY 40
FIGURE 16 INDIA IS PROJECTED TO GROW AT THE HIGHEST CAGR IN THE VITAMIN B3 MARKET DURING THE FORECAST PERIOD 40

5 MARKET OVERVIEW 41
5.1 INTRODUCTION 41
FIGURE 17 INCREASING DEMAND FOR FUNCTIONAL AND NUTRITIONALLY ENRICHED PROCESSED FOOD PRODUCTS TO DRIVE THE VITAMIN B3 MARKET 42
5.1.1 DRIVERS 42
5.1.1.1 Growth in demand for functional and nutritionally enriched processed food products 42
5.1.1.2 Feed fortification due to a rise in global meat & dairy product consumption 43
5.1.1.3 Prevalence of vitamin B3 deficiency 43
5.1.2 RESTRAINTS 44
5.1.2.1 Establishment of regulatory control on supplement usage limit 44
5.1.3 OPPORTUNITIES 44
5.1.3.1 Increased demand for nutrition supplements for monogastric animals 44
5.1.4 CHALLENGES 44
5.1.4.1 Environmental impact resulting in changes in regulatory policies 44
5.1.4.2 Scarcity of ingredients and price sensitivity 45
5.2 SUPPLY CHAIN ANALYSIS 45
FIGURE 18 SUPPLY CHAIN ANALYSIS 45
5.3 REGULATORY SCENARIO 46
5.4 COVID-19 IMPACT 46
5.5 CASE STUDIES 47
5.5.1 MNM HELPED A LEADING VITAMIN B3 PROVIDING PARTNER WITH A PROMINENT FEED PRODUCING COMPANY TO TARGET A PROJECTED REVENUE OF USD 200 MILLION OVER THREE YEARS 47
5.5.2 MNM HELPED A LEADING CONSUMER CARE MANUFACTURER ACQUIRE A VITAMIN B3 PROVIDER TO MEET THE RISING CONSUMER DEMAND 48
5.6 MARKET ECOSYSTEM 49
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6 VITAMIN B3 MARKET, BY TYPE 50
6.1 INTRODUCTION 51
FIGURE 19 NUTRITIONAL GRADE SEGMENT TO EXHIBIT THE HIGHEST GROWTH DURING THE FORECAST PERIOD 51
TABLE 2 VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION) 51
TABLE 3 VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (KILO TONS) 52
6.1.1 FEED GRADE 52
6.1.1.1 Benefits associated with feed grade vitamin B3 expected to fuel market demand 52
TABLE 4 FEED GRADE: VITAMIN B3 MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 52
TABLE 5 FEED GRADE: VITAMIN B3 MARKET SIZE, BY REGION,
2018-2025 (KILO TONS) 53
6.1.2 NUTRITIONAL GRADE 53
6.1.2.1 Rising demand for nutritionally fortified products to increase the demand for vitamin B3 53
TABLE 6 NUTRITIONAL GRADE: VITAMIN B3 MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 53
TABLE 7 NUTRITIONAL GRADE: VITAMIN B3 MARKET SIZE, BY REGION,
2018-2025 (KILO TONS) 54

7 VITAMIN B3 MARKET, BY FORM 55
7.1 INTRODUCTION 56
FIGURE 20 DRY FORM TO EXHIBIT THE HIGHEST GROWTH DURING THE
FORECAST PERIOD 56
TABLE 8 VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (USD MILLION) 56
TABLE 9 VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (KILO TONS) 57
7.2 DRY 57
7.2.1 INCREASE IN METABOLISM, MAINTENANCE OF IMMUNITY, AND DIGESTIVE HEALTH LEADING TO THE DOMINANCE OF THE DRY SEGMENT 57
TABLE 10 DRY: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION) 57
TABLE 11 DRY: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS) 58
7.3 LIQUID 58
7.3.1 OVERALL HEALTH SUPPLEMENTATION AND IMPROVED PHYSICAL CONDITION BOOSTING THE MARKET DEMAND FOR VITAMIN B3 58
TABLE 12 LIQUID: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION) 58
TABLE 13 LIQUID: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS) 59

8 VITAMIN B3 MARKET, BY SOURCE 60
8.1 INTRODUCTION 61
FIGURE 21 SYNTHETIC SOURCE SEGMENT TO EXHIBIT THE HIGHEST GROWTH DURING THE FORECAST PERIOD 61
TABLE 14 VITAMIN B3 MARKET SIZE, BY SOURCE, 2018–2025 (USD MILLION) 61
TABLE 15 VITAMIN B3 MARKET SIZE, BY SOURCE, 2018–2025 (KILO TONS) 62
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8.2 SYNTHETIC 62
TABLE 16 VITAMIN B3 MARKET SIZE FOR SYNTHETIC SOURCES, BY REGION,
2018–2025 (USD MILLIONS) 62
TABLE 17 VITAMIN B3 MARKET SIZE FOR SYNTHETIC SOURCES, BY REGION,
2018–2025 (KILO TONS) 63
8.3 NATURAL 63
TABLE 18 VITAMIN B3 MARKET SIZE FOR NATURAL SOURCES, BY REGION,
2018–2025 (USD MILLION) 63
TABLE 19 VITAMIN B3 MARKET SIZE FOR NATURAL SOURCES, BY REGION,
2018–2025 (KILO TONS) 64

9 VITAMIN B3 MARKET, BY APPLICATION 65
9.1 INTRODUCTION 66
FIGURE 22 PHARMACEUTICAL APPLICATION SEGMENT TO EXHIBIT THE HIGHEST GROWTH DURING THE FORECAST PERIOD 66
TABLE 20 VITAMIN B3 MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION) 66
TABLE 21 VITAMIN B3 MARKET SIZE, BY APPLICATION, 2018-2025 (KILO TONS) 67
9.2 NUTRITION 67
9.2.1 ANIMAL NUTRITION 67
9.2.2 HUMAN NUTRITION 67
TABLE 22 NUTRITION: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION) 67
TABLE 23 NUTRITION: VITAMIN B3 MARKET SIZE, BY REGION,
2018-2025 (KILO TONS) 68
9.3 AGROCHEMICALS 68
TABLE 24 AGROCHEMICALS: VITAMIN B3 MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 68
TABLE 25 AGROCHEMICALS: VITAMIN B3 MARKET SIZE, BY REGION,
2018-2025 (KILO TONS) 69
9.4 CONSUMER 69
TABLE 26 CONSUMER: VITAMIN B3 MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 69
TABLE 27 CONSUMER: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS) 70
9.5 PHARMACEUTICAL 70
TABLE 28 PHARMACEUTICAL: VITAMIN B3 MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 70
TABLE 29 PHARMACEUTICAL: VITAMIN B3 MARKET SIZE, BY REGION,
2018-2025 (KILO TONS) 71
9.6 OTHER APPLICATIONS 71
TABLE 30 OTHER APPLICATIONS: VITAMIN B3 MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 71
TABLE 31 OTHER APPLICATIONS: VITAMIN B3 MARKET SIZE, BY REGION,
2018-2025 (KILO TONS) 72
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10 VITAMIN B3 MARKET, BY REGION 73
10.1 INTRODUCTION 74
FIGURE 23 INDIA ACCOUNTED FOR THE MAJOR MARKET SHARE IN THE
VITAMIN B3 MARKET 74
TABLE 32 VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION) 75
TABLE 33 VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS) 75
10.2 NORTH AMERICA 75
FIGURE 24 US TO GROW AT THE HIGHEST CAGR IN THE VITAMIN B3 MARKET 76
TABLE 34 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY COUNTRY,
2018–2025 (USD MILLION) 76
TABLE 35 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY COUNTRY,
2018-2025 (KILO TONS) 77
TABLE 36 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY FORM,
2018–2025 (USD MILLION) 77
TABLE 37 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY FORM,
2018-2025 (KILO TONS) 77
TABLE 38 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 77
TABLE 39 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY TYPE,
2018-2025 (KILO TONS) 78
TABLE 40 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY SOURCE,
2018–2025 (USD MILLION) 78
TABLE 41 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY SOURCE,
2018-2025 (KILO TONS) 78
TABLE 42 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY APPLICATIONS,
2018–2025 (USD MILLION) 79
TABLE 43 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY APPLICATIONS,
2018-2025 (KILO TONS) 79
10.2.1 US 79
10.2.1.1 The US market for Vitamin B3 driven by the pharmaceutical and health care applications 79
TABLE 44 US: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION) 80
TABLE 45 US: VITAMIN B3 MARKET SIZE, SOURCE, 2018-2025 (USD MILLION) 80
10.2.2 CANADA 80
10.2.2.1 Players in the country are investing heavily in R&D, which opens prospects for the growth of Vitamin B3 80
TABLE 46 CANADA: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION) 80
TABLE 47 CANADA: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION) 81
10.2.3 MEXICO 81
10.2.3.1 High consumption of junk food giving rise to health awareness among the consumers 81
TABLE 48 MEXICO: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION) 81
TABLE 49 MEXICO: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION) 82
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10.3 EUROPE 82
FIGURE 25 ITALY TO GROW AT THE HIGHEST CAGR IN THE VITAMIN B3 MARKET 83
TABLE 50 EUROPE: VITAMIN B3 MARKET SIZE, BY COUNTRY,
2018-2025 (USD MILLION) 84
TABLE 51 VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILOTONS) 84
TABLE 52 EUROPE: VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (USD MILLION) 84
TABLE 53 EUROPE: VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (KILO TONS) 85
TABLE 54 EUROPE: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION) 85
TABLE 55 EUROPE: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (KILO TONS) 85
TABLE 56 EUROPE: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION) 85
TABLE 57 VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (KILO TONS) 86
TABLE 58 EUROPE: VITAMIN B3 MARKET SIZE, BY APPLICATION,
2018-2025 (USD MILLION) 86
TABLE 59 EUROPE: VITAMIN B3 MARKET SIZE, BY APPLICATION,
2018-2025 (KILO TONS) 86
10.3.1 FRANCE 87
10.3.1.1 Government initiatives benefitting vitamin b3 manufacturers and propelling market growth 87
TABLE 60 FRANCE: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION) 87
TABLE 61 FRANCE: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION) 87
10.3.2 GERMANY 88
10.3.2.1 Increase in cases of diabetes, high blood pressure, and cholesterol and a rise in the aging population boosting the demand for
Vitamin B3 88
TABLE 62 GERMANY: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION) 88
TABLE 63 GERMANY: VITAMIN B3 MARKET SIZE, BY SOURCE,
2018-2025 (USD MILLION) 88
10.3.3 UK 89
10.3.3.1 Increase in the number of nutritional products and health supplement manufacturers 89
TABLE 64 UK: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION) 89
TABLE 65 UK: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION) 89
10.3.4 SPAIN 90
10.3.4.1 Upsurge in the consumption of meat and poultry fueling the demand for vitamin B3 in the animal feed segment 90
TABLE 66 SPAIN: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION) 90
TABLE 67 SPAIN: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION) 90
10.3.5 ITALY 91
10.3.5.1 The vitamin B3 market is driven by the demand for nutritional supplements and nutraceutical products in the form of
functional foods 91
TABLE 68 ITALY: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION) 91
TABLE 69 ITALY: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION) 91
10.3.6 REST OF EUROPE 92
TABLE 70 REST OF EUROPE: VITAMIN B3 MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 92
TABLE 71 REST OF EUROPE: VITAMIN B3 MARKET SIZE, BY SOURCE,
2018–2025 (USD MILLION) 92
10.4 ASIA PACIFIC 92
FIGURE 26 INDIA TO GROW AT THE HIGHEST CAGR IN THE VITAMIN B3 MARKET 93
TABLE 72 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY COUNTRY,
2018-2025 (USD MILLION) 94
TABLE 73 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY COUNTRY,
2018-2025 (KILO TONS) 94
TABLE 74 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY FORM,
2018-2025 (USD MILLION) 94
TABLE 75 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (KILO TONS) 95
TABLE 76 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 95
TABLE 77 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (KILO TONS) 95
TABLE 78 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY SOURCE,
2018-2025 (USD MILLION) 96
TABLE 79 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY SOURCE,
2018-2025 (KILO TONS) 96
TABLE 80 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY APPLICATION,
2018-2025 (USD MILLION) 96
TABLE 81 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY APPLICATION,
2018-2025 (KILOTONS) 97
10.4.1 INDIA 97
10.4.1.1 Rising demand for vitamin b3 owing to the growing demand for healthier food & beverages and preventive healthcare products 97
TABLE 82 INDIA: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION) 97
TABLE 83 INDIA: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION) 98
10.4.2 CHINA 98
10.4.2.1 Increased demand for high-quality functional foods fueling the demand for vitamin B3 98
TABLE 84 CHINA: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION) 98
TABLE 85 CHINA: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION) 99
10.4.3 JAPAN 99
10.4.3.1 Significant demand for nutrient-enriched products 99
TABLE 86 JAPAN: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION) 99
TABLE 87 JAPAN: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION) 100
10.4.4 REST OF ASIA PACIFIC 100
10.4.4.1 Increased spending by consumers on healthcare and food & beverage products to compensate for vitamin deficiencies 100
TABLE 88 REST OF ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 100
TABLE 89 REST OF ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY SOURCE,
2018-2025 (USD MILLION) 100
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10.5 ROW 101
TABLE 90 ROW: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION) 101
TABLE 91 ROW: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILOTONS) 101
TABLE 92 ROW: VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (USD MILLION) 101
TABLE 93 ROW: VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (KILO TONS) 102
TABLE 94 ROW: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION) 102
TABLE 95 ROW: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (KILOTONS) 102
TABLE 96 ROW: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION) 102
TABLE 97 ROW: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (KILOTONS) 103
TABLE 98 ROW: VITAMIN B3 MARKET SIZE, BY APPLICATION,
2018-2025 (USD MILLION) 103
TABLE 99 ROW: VITAMIN B3 MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTONS) 103
10.5.1 MIDDLE EAST 104
10.5.1.1 Growth opportunities for domestic as well as international food & beverage processing players 104
TABLE 100 MIDDLE EAST: VITAMIN B3 MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 104
TABLE 101 MIDDLE EAST: VITAMIN B3 MARKET SIZE, BY SOURCE,
2018-2025 (USD MILLION) 104
10.5.2 AFRICA 105
10.5.2.1 Westernization of diets leading to health concerns 105
TABLE 102 AFRICA: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION) 105
TABLE 103 AFRICA: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION) 105

11 COMPETITIVE LANDSCAPE 106
11.1 INTRODUCTION 106
11.2 MARKET EVALUATION FRAMEWORK 107
FIGURE 27 MARKET EVALUATION FRAMEWORK, 2018–2020 107
11.3 MARKET SHARE OF KEY PLAYERS, 2019 107
FIGURE 28 LONZA GROUP AG LED THE NATURAL FOOD COLORS MARKET IN 2019 107
FIGURE 29 VITAMIN B3, MARKET SHARE ANALYSIS, 2019 108
11.4 KEY MARKET DEVELOPMENTS 109
11.4.1 AGREEMENTS & COLLABORATIONS 109
TABLE 104 AGREEMENTS & COLLABORATIONS, 2019–2020 109
11.4.2 MERGERS & ACQUISITIONS 110
TABLE 105 MERGERS & ACQUISITIONS, 2019-2020 110
11.4.3 JOINT VENTURES, AGREEMENTS, AND PARTNERSHIPS 112
TABLE 106 JOINT VENTURES, COLLABORATIONS, AND PARTNERSHIPS, 2019-2020 112
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12 COMPANY EVALUATION MATRIX AND COMPANY PROFILES 113
12.1 INTRODUCTION 113
12.2 COMPETITIVE LEADERSHIP MAPPING 113
12.2.1 STAR 113
12.2.2 EMERGING LEADERS 113
12.2.3 PERVASIVE 114
12.2.4 EMERGING COMPANIES 114
FIGURE 30 VITAMIN B3 MARKET COMPETITIVE LEADERSHIP MAPPING,
2019 (OVERALL MARKET) 114
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
12.3 LONZA GROUP AG 115
FIGURE 31 LONZA GROUP AG.: COMPANY SNAPSHOT 116
FIGURE 32 LONZA GROUP AG.: SWOT ANALYSIS 117
12.4 JUBILANT LIFE SCIENCES LIMITED. 119
FIGURE 33 JUBILANT LIFE SCIENCES LIMITED.: COMPANY SNAPSHOT 120
FIGURE 34 JUBILANT LIFE SCIENCES LIMITED.: SWOT ANALYSIS 121
12.5 SHANDONG HONGDA BIOTECHNOLOGY CO., LTD. 122
FIGURE 35 SHANDONG HONGDA BIOTECHNOLOGY CO., LTD.: SWOT ANALYSIS 123
12.6 VERTELLUS 124
FIGURE 36 VERTELLUS: SWOT ANALYSIS 125
12.7 JIANGSU BROTHER VITAMIN CO. LTD. 126
FIGURE 37 JIANGSU BROTHER VITAMIN CO.: SWOT ANALYSIS 127
12.8 DSM 128
FIGURE 38 DSM.: COMPANY SNAPSHOT 128
12.9 VANETTA LTD. 131
12.10 LASONS INDIA 132
12.11 ZHEJIANG LANBO BIOTECHNOLOGY 133
12.12 TIANJIN ZHONGRUI PHARMACEUTICAL 134
12.13 FOODCHEM 135
12.14 NUTRASCIENCE LABS 136
12.15 GEHRING MONTGOMERY, INC. 137
12.16 THE CHEMICAL CO. 138
12.17 YUKI GOSEI KOGYO CO., LTD. 139
FIGURE 39 YUKI GOSEI KOGYO CO., LTD: COMPANY SNAPSHOT 139
12.18 ZHEJIANG CHEMVPLUS BIOTECH CO., LTD. 140
12.19 ISHITA DRUGS & INDUSTRIES 141
FIGURE 40 ISHITA DRUGS & INDUSTRIES: COMPANY SNAPSHOT 141
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12.20 THE WESTERN DRUGS LTD. 142
12.21 SPECTRUM CHEMICAL MFG. CORP 143
12.22 GLNBIA PLC 144
FIGURE 41 GLANBIA PLC.: COMPANY SNAPSHOT 144
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.

13 APPENDIX 146
13.1 DISCUSSION GUIDE 146
13.3 AVAILABLE CUSTOMIZATIONS 152
13.4 RELATED REPORTS 153
13.5 AUTHOR DETAILS 154