Niacinamide refers to a water-soluble and active form of vitamin B3. It is present in many food products, including meat, eggs, fish, milk, cereals, green vegetables, nuts, and seeds. Niacinamide is widely used to prevent vitamin B3 deficiency and treat various conditions, such as acne, diabetes, cancer, osteoarthritis, aging skin, and skin discoloration. It also boosts immunity, minimizes pore appearance, reduces redness, regulates oil, and protects against sun damage. As a result, niacinamide finds extensive applications across the pharmaceutical, human and animal nutrition, and cosmetics industries.
The increasing product utilization in the cosmetics industry to produce moisturizers, lotions, gels, creams, face masks, toners, and serums is one of the primary factors driving the market growth. Niacinamide exhibits anti-acne, anti-aging, and anti-inflammatory properties that reduce excess oil, improve skin barrier functions, brighten skin tone, prevent free radical damage, and hydrate skin. Additionally, the widespread product adoption in manufacturing cosmeceuticals to treat various skin disorders, such as hyperpigmentation, acne, psoriasis, dermatitis, fungal infection, and epidermal melasma, is acting as another growth-inducing factor. Furthermore, extensive utilization of niacinamide in the pharmaceutical industry to manufacture powders, liquids, tablets, injections, and capsules for treating pellagra or vitamin B3 deficiency is providing a considerable boost to the market growth. Apart from this, the implementation of a green manufacturing process that reduces waste and eliminates the use of toxic chemicals, such as potassium dichromate, is creating a positive outlook for the market. Moreover, increasing product utilization in animal feeds to produce a complete diet that improves overall growth, enhances digestive health, and prevents metabolic diseases, such as ketosis, is providing an impetus to the market growth. Other factors, including the increasing product incorporation in food supplements, rising consumer awareness regarding various product benefits, and the fueling adoption of the compound to treat hyperphosphatemia in dialysis patients, are supporting the market growth.
This production cost analysis report by Syndicated Analytics is the result of a comprehensive examination of the niacinamide manufacturing process. The study covers all the requisite aspects that one needs to know while making a foray into the niacinamide industry. It is based on the latest economic data and presents exhaustive insights about the primary process flow, raw material requirements, reactions involved, utility costs, operating costs, capital investments, pricing, margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the niacinamide industry.
The following technical and economic aspects are included in the report:
Key Questions Answered in This Report-
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1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Research Methodology
3 Executive Summary
4 Global Niacinamide Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Impact of COVID-19
4.4 Market Forecast
4.5 Market Breakup by Segment
4.6 Market Breakup by Region
4.7 Price Trends
4.7.1 Niacinamide Price Trends
4.7.2 Product Margins
5 Niacinamide Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Production Cost Analysis
6.1 Raw Material Cost Analysis
6.1.1 Price Trend of Raw Materials Required
6.1.2 Total Expense on Raw Materials
6.2 Utility Cost Analysis
6.2.1 Electricity Costs
6.2.2 Steam Costs
6.2.3 Process Water Costs
6.2.4 Total Expense on Utilities
6.3 Operating Cost Analysis
6.3.1 Salaries and Wages
6.3.2 Plant Overheads
6.3.3 Tax and Insurance
6.3.4 Packaging Costs
6.3.5 Transportation Costs
6.3.6 Sales and Administration Costs
6.3.7 Total Operating Costs
6.4 Capital Cost Analysis
6.4.1 Land and Site Development Costs
6.4.2 Civil Work Costs
6.4.3 Plant Machinery and Commissioning Costs
6.4.3.1 Plant Machinery Costs
6.4.3.2 Auxiliary Equipment Cost
6.4.3.3 Electrical Works and Piping Costs
6.4.3.4 Other Fixed Costs
6.4.4 Working Capital Requirements for Plant Operation
6.4.5 Total Capital Investment Required
6.5 Total Production Cost
7 Annexure
7.1 Raw Material Suppliers
7.2 Pant Machinery Suppliers
List of Figures
Figure 1: Global: Niacinamide Market: Major Drivers and Challenges
Figure 2: Global: Niacinamide Market: Value Trends (in Million US$), 2017-2022
Figure 3: Global: Niacinamide Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 4: Global: Niacinamide Market: Breakup by Segment (in %), 2022
Figure 5: Global: Niacinamide Market: Breakup by Region (in %), 2022
Figure 6: Niacinamide: Price Trends, 2017 & 2022
Figure 7: Niacinamide: Margins Across Various Stages of the Supply Chain
Figure 8: Niacinamide: Breakup of Costs
Figure 9: Niacinamide Price Structure
Figure 10: Niacinamide: Manufacturing Process Flow
Figure 11: Niacinamide: Manufacturing Process: Conversion Rate of Raw Materials
Figure 12: Niacinamide: Raw Material Price Trends, 2017 & 2022
List of Tables
Table 1: Niacinamide Manufacturing: Raw Material Requirements
Table 2: Niacinamide Manufacturing: Raw Material Costs
Table 3: Niacinamide Manufacturing: Electricity Costs
Table 4: Niacinamide Manufacturing: Steam Costs
Table 5: Niacinamide Manufacturing: Process Water Costs
Table 6: Niacinamide Manufacturing: Total Utility Costs
Table 7: Niacinamide Manufacturing Plant: Costs Related to Salaries and Wages
Table 8: Niacinamide Manufacturing: Packaging Costs
Table 9: Niacinamide Manufacturing: Transportation Costs
Table 10: Niacinamide Manufacturing: Sales and Administration Costs
Table 11: Niacinamide Manufacturing: Total Operating Costs
Table 12: Niacinamide Manufacturing: Costs Related to Land and Site Development
Table 13: Niacinamide Manufacturing: Costs Related to Civil Works
Table 14: Niacinamide Manufacturing: Costs Related to Plant Machinery
Table 15: Niacinamide Manufacturing: Costs Related to Auxiliary Equipment
Table 16: Niacinamide Manufacturing: Costs Related to Electrical works and Piping
Table 17: Niacinamide Manufacturing: Total Costs Related to Plant Machinery and Commissioning
Table 18: Niacinamide Manufacturing: Working Capital Requirements
Table 19: Niacinamide Manufacturing: Total Capital Investment Required
Table 20: Niacinamide Manufacturing: Total Production Cost
Table 21: Niacinamide Manufacturing: Raw Material Suppliers
Table 22: Niacinamide Manufacturing: Machinery Suppliers
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