Lonza Group AG (Switzerland) and Jubilant Life Sciences Limited (India) are the Key Players in the Vitamin B3 Market & More News Here

The world Vitamin B3 market dimension is estimated to be valued USD 330 million in 2020 and is predicted to succeed in a worth of USD 373 million by 2025, rising at a CAGR of two.5% throughout the forecast interval.

The world Vitamin B3 Market dimension is estimated to be valued USD 330 million in 2020 and is predicted to succeed in a worth of USD 373 million by 2025, rising at a CAGR of two.5% throughout the forecast interval. The progress of this market is attributed to the rise in demand for useful and nutritionally enriched processed meals merchandise and the prevalence of vitamin deficiencies is driving the marketplace for vitamin B3 throughout the forecast interval. Growth in demand for useful and nutritionally enriched processed meals merchandise contributes to the demand for Vitamin B3.

 

 

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Key gamers in this market embrace Lonza Group AG (Switzerland), Jubilant Life Sciences Ltd. (India), Shandong Hongda Biotechnology Co., Ltd. (China), Vertellus (US), Jiangsu Brother Vitamin Co. Ltd. (China), DSM (Netherlands), Vanetta Ltd. (China), Resonance Specialties (India), Lasons India (India) and Zhejiang Lanbo Biotechnology (China).

Mergers and agreements was considered one of the key methods adopted by the main gamers in the Vitamin B3 with a view to bettering their product line and presence in the market.

Lonza Group AG (Switzerland) operates in two segments, specifically Lonza Pharma, Biotech & Nutrition, and Lonza Specialty Ingredients.

The Lonza Pharma Biotech & Nutrition (LPBN) section provides CDMO companies for molecules comparable to Small Molecules, Mammalian & Microbial merchandise in addition to nutritional vitamins and dietary substances. The firm’s Lonza Specialty Ingredients’ LSI section includes numerous companies, which embrace Microbial Control Solutions, Specialty Chemical Services comparable to producing specialty intermediates comparable to pyridine and picoline derivatives for the manufacturing of nutritional vitamins. Lonza Group’s product portfolio for the nutritional vitamins market finds purposes for the animal in addition to human vitamin. R&D actions in the latest previous have been carried out on a decrease scale with respect to the nutritional vitamins market. Unlike different main gamers in the nutritional vitamins market, Lonza Group has restricted trade protection because of its restricted product portfolio. The firm has engaged in natural progress methods in latest years by the growth of its manufacturing services.

Founded in Switzerland in 1897, Lonza has greater than 15,500 workers who function in 120 websites. The firm has a worldwide attain in greater than 35 completely different international locations.

Jubilant Life Sciences Limited (India) is considered one of the main suppliers and manufactures of human and animal vitamin merchandise. The firm is world pharmaceutical and life sciences firm engaged in providing substances and chemical substances for its 4 segments – prescription drugs, life science substances, drug discovery options, and India branded prescription drugs.

The Life Science Ingredients section is engaged in specialty intermediates, dietary merchandise, and life science chemical substances by 5 manufacturing services in India. The drug discovery options enterprise is served by Jubilant Biosys, and India branded prescription drugs enterprise is an Indian enterprise with a variety of pharmaceutical choices for the home market, focusing totally on merchandise to deal with medical situations in the subject of cardiology and diabetology. Vitamins, together with Vitamin B3, are manufactured below its life sciences substances enterprise. Jubilant claims to be the second-largest producer of Vitamin B3 with variants together with Niacinamide and Niacin for pharmaceutical, private care, human vitamin, animal vitamin, agrochemical, and industrial purposes. The firm has manufacturing services for vitamin B3 in the US, throughout numerous international locations in Europe and China.

Jubilant Lifesciences has 11 manufacturing services throughout India, Canada, and the US, having strong analysis and improvement facilities in India and the US. The firm has a worldwide attain in greater than 100 international locations throughout the globe.

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Shandong Hongda Biotechnology Co., Ltd (China) based in 2004. The firm has greater than 2,000 workers. It focuses on offering merchandise and key uncooked supplies for the manufacturing of fortified meals and drinks.

The firm is licensed with numerous globally authorised certifications comparable to the ISO 9001, ISO 22001, and has product high quality certifications comparable to Halal, Kosher, BRC, and so on.

Shandong Hongda Biotechnology Co., Ltd. has a worldwide presence in greater than 100 international locations throughout Asia, North America, South America, Europe, and Africa.

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