Niacin Prices: Latest Price, News, Market Analysis, Historical & Forecast, Database, Chart
Niacin or nicotinic acid (C₆H₅NO₂) is a white crystal or crystalline powder which is a water-soluble B vitamin. It has no odour and tastes a little sour. It can be consumed as a supplement, included in foods, and is naturally found in several food products. The two well-known forms of niacin found in meals as well as supplements are nicotinic acid and nicotinamide.
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As it is water-soluble, any amount of the vitamin which is not required by the body is excreted naturally. The nutrient is used by more than 400 enzymes in the body as a coenzyme for carrying out several metabolic processes. Its respective molecular weight and density are 123.1094 g/mol and 1.47 g/cm³.
Key Details About the Niacin Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Niacin price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Niacin Price chart, including India Niacin price, USA Niacin price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Niacin Price Trend:
The utilization of Niacin in the food and beverage sector is widespread due to its effectiveness as an antioxidant, thereby propelling its market growth. Niacin is primarily utilized to mitigate the levels of harmful free radicals, which have the potential to harm DNA and cells, consequently elevating the risk of chronic conditions like cancer and heart disease. Moreover, Niacin plays a pivotal role in energy synthesis across three stages: the conversion of carbohydrates to glucose, the transformation of fats to lipids, and its interaction with dietary proteins to facilitate the formation of crucial brain chemicals such as serotonin. Serotonin, responsible for appetite control and mood regulation, contributes to the expansion of the market. These factors contribute to the Niacin Price Trend, Niacin Price Index, and overall Niacin Prices in the market.
Key Players:
- Acros Organics
- Charkit Chemical Company LLC
- Penta Manufacturing Company
News & Recent Development
- 8th May 2023- It has been discovered that niacin, a type of vitamin B3, can prevent weight loss and muscle wasting caused by cancer (cancer cachexia) and the basic mitochondrial alterations in experiments done on mice. This could provide a potential treatment for cancer cachexia in humans.
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