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Vitamin B3 (niacin) Price Trend and Forecast

âźł Weekly Update
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Historical Data Since 2015
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Forecast for 2026
  • Commodity Pricing

vitamin b3 (niacin) Price Trends by Country

cnChina

Global vitamin b3 (niacin) Spot Market Prices, Trend Analysis and Forecast

Vitamin B3 (Niacin) Price Trend Q3 2025

In the third quarter of 2025, the worldwide market for Vitamin B3 (Niacin) Nicotinamide showed a largely soft sentiment because of weaker downstream demand and stable supply conditions in key producing regions. Vitamin B3 (Niacin) price trends have been impacted by weak buying activity from pharmaceutical, nutrition and food-fortification customers, competitive domestic offers in China, and steady operating rates in plants that kept overall price movements moderate and within 7-9% for most of the quarter.

A generous supply environment, with inventories in a comfortable position, stable raw material prices, and predictable production, managed to hold overall price volatility in check, despite soft consumption trends. While demand continues to be cautious among the professional nutrition and health-products categories, continued demand for baseline, industrial, and formulation requirements has thus far helped to partially stabilize the market.

China

Vitamin B3 (Niacin) Export prices FOB Shanghai, China.

According to Price-Watch, in Q3 2025, Vitamin B3 (Niacin) Nicotinamide (>99%) (Powder) prices in China experienced a clear downward adjustment amid softened demand and steady domestic supply. Vitamin B3 (Niacin) Nicotinamide (>99%) (Powder) price trend in China declined due to muted procurement from pharmaceutical, nutrition, and food-fortification sectors, competitive domestic offers, and stable production rates across major manufacturers, keeping the market within the USD 4,000-4,250 per metric ton range.

Market sentiment remained bearish throughout the quarter, influenced by subdued downstream consumption, adequate inventory levels, and limited export momentum that further constrained price recovery. In September 2025, Vitamin B3 (Niacin) price trends in China decreased by 7.91%, driven by persistent supply-side pressure and restrained purchasing behaviour, with these dynamics expected to guide pricing trends into the next quarter.

Vitamin B3 (Niacin) Price Trend Analysis: Q2 2025

By Q1 2025, according to PriceWatch, the Vitamin B3 (Niacin) Nicotinamide (>99%) market experienced another sharp fall, with prices dropping to USD 4883.33/MT, representing a -13.77% quarter-on-quarter decrease. This decline was largely due to ongoing weak demand from the international feed and food additive sectors, coupled with aggressive price undercutting among Chinese exporters to offload accumulated inventories.

The lack of any major bullish triggers, along with bearish sentiment in the global vitamin market, kept the purchasing momentum sluggish. Supply remained robust, and oversupply conditions prevailed, further driving the correction in FOB Shanghai prices.  

Vitamin B3 (Niacin) Price Trend Analysis: Q4 2024

In Q4 2024, the Vitamin B3 (Niacin) Nicotinamide (>99%) prices corrected significantly to USD 5663.33/MT, declining by -12.87%. The correction was expected as the market adjusted from the inflated Q3 highs. Increased production resumption in Chinese plants, along with the liquidation of stockpiles accumulated earlier, contributed to the downturn.

Additionally, demand from key sectors normalized in the post-peak season, reducing the urgency for bulk purchases. Export activity also slowed slightly due to improved global availability, putting further downward pressure on prices as competition increased. 

In Q3 2024, the Vitamin B3 (Niacin) Nicotinamide (>99%) market witnessed a sharp surge, with prices jumping to USD 6500/MT, a significant +36.13% increase from Q2. This steep upward movement was driven by a mix of factors including supply-side constraints due to temporary maintenance shutdowns at some key plants in China, and a global spike in demand from pharmaceutical formulations and premix manufacturers.

Export demand also picked up strongly during this quarter, further tightening available volumes in the domestic market. The surge was exacerbated by speculative buying and restocking across the value chain, pushing FOB prices higher. 

In Q2 2024 saw a modest recovery in Vitamin B3 (Niacin) Nicotinamide (>99%) prices, with the average price increasing to USD 4775/MT, a +1.60% rise quarter-on-quarter. This positive movement was largely supported by replenishment activities from downstream users in both food and pharmaceutical segments, and slight tightening of inventories among traders.

While production levels remained consistent, minor logistical inefficiencies and early summer demand uplift helped keep prices slightly elevated. Nonetheless, the market tone remained conservative as buyers resisted aggressive pricing amid broader macroeconomic caution. 

In Q1 2024, the Vitamin B3 (Niacin) Nicotinamide (>99%) FOB Shanghai market in China experienced a marginal decline, with prices averaging USD 4700/MT, marking a slight -0.91% drop from the previous quarter. The market sentiment during this period remained largely neutral, as a stable supply from domestic manufacturers met moderate demand from both the pharmaceutical and feed additive industries.

There were no significant supply chain disruptions or policy changes during this time, keeping the market relatively steady. However, the slight drop was attributed to cautious downstream buying and the absence of strong demand triggers in the post-winter recovery phase. 

Technical Specifications of Vitamin B3 (niacin) Price Trends

Product Description

Vitamin B3, also known as niacin, is a water-soluble vitamin essential for numerous critical functions in the body. It plays a key role in converting carbohydrates, fats, and proteins into energy, supporting cellular metabolism and overall vitality. Vitamin B3 is also important for maintaining healthy skin, nerves, and digestive system function. As the body cannot store significant amounts of this vitamin, it must be regularly obtained through diet or supplements to ensure proper physiological processes and prevent deficiency-related conditions.

Identifiers and Classification:

  • CAS No – 59-67-6
  • HS Code – 29362400
  • Molecular Formula – C6H5NO2
  • Molecular Weight[g/mol] – 123.1094 g/mol


Vitamin B3 (Niacin) Synonyms:

  • Niacin
  • Niacinamide
  • Vitamin B3 (Niacin) Grades Specific Price Assessment:
  • Nicotinamide (>99%) (Powder) Price Trend


Vitamin B3 (Niacin) Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 5-6 MT
  • Packaging Type (Product & Country Specific): Bag


Incoterms Referenced in Vitamin B3 (Niacin) Price Reporting

Shipping Term  Location  Definition 
FOB Shanghai  Shanghai, China  Vitamin B3 (Niacin) Export price from China 
Ex-Zhejiang  Zhejiang, China  Domestically Traded Vitamin B3 (Niacin) price in China 

*Quotation Terms refers to the quantity range specified for the Vitamin B3 (Niacin) being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for Vitamin B3 (Niacin) packing, ease of handling, transportation, and storage in industrial and commercial applications.

Key Vitamin B3 (Niacin) Producing Regions and Countries

Region  Country 
Shanghai  China 
Zhejiang  China 

Vitamin B3 (niacin) Industrial Applications

vitamin b3 market share end use

Historically, several events have caused significant fluctuations in Vitamin B3 (niacin) prices

Geopolitical Tensions and Currency Fluctuations (2024): In 2024, the vitamin B3 market was notably impacted by rising geopolitical tensions, particularly between major exporting and importing countries. Trade uncertainties and new tariffs on chemical intermediates led to increased costs for vitamin B3 manufacturers, especially in Asia and Europe. At the same time, significant currency fluctuations affected the purchasing power of buyers in emerging markets, causing erratic shifts in demand and price negotiations. These combined factors resulted in short-term price spikes and forced many companies to re-evaluate their procurement and hedging strategies to manage ongoing volatility 

Pandemic-Driven Demand Surge and Market Tightness (2020-2021): The onset of the COVID-19 pandemic in 2020 triggered a sharp increase in demand for vitamin B3 supplements, as consumers worldwide sought to bolster their immune systems and overall health. This surge in demand coincided with widespread manufacturing slowdowns and transportation restrictions, resulting in temporary shortages and elevated prices for both niacin and niacinamide. The nutraceutical and pharmaceutical sectors, in particular, experienced procurement challenges as supply chains were strained by lockdowns and export controls, highlighting the vulnerability of global vitamin markets to sudden systemic shocks 

Market Expansion and Raw Material Constraints (2018): In 2018, the vitamin B3 market saw robust growth driven by rising health awareness and expanding applications in dietary supplements, animal feed, and cosmetics. However, this expansion also exposed the industry to raw material constraints, as climate anomalies and fluctuating agricultural yields affected the availability of plant-based sources like rice bran. These supply-side pressures led to intermittent price increases and prompted manufacturers to invest in advanced extraction and biosynthesis techniques to ensure consistent quality and output. The period underscored the importance of resilient sourcing strategies and technological innovation in stabilizing vitamin B3 prices amid growing global demand. 

Why PriceWatch?

PriceWatch is your trusted resource for tracking global vitamin b3 (niacin) price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the vitamin b3 (niacin) market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence vitamin b3 (niacin) prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely vitamin b3 (niacin) market data.

Track PriceWatch's vitamin b3 (niacin) price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

  • Real-Time Market Data: PriceWatch gathers real-time pricing data from multiple sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our Vitamin B3 price assessments reflect the most current market conditions. 
  • On-the-Ground Intelligence: Our team collects insights directly from key market participants, such as Vitamin B3 producers, suppliers, traders, and end-users across major production regions. This localized intelligence is crucial for understanding market dynamics specific to each region. 
  • Supply Chain Monitoring: We monitor the entire Vitamin B3 supply chain, from raw materials like propylene to production and distribution channels. This includes tracking feedstock prices, production capacity, and transportation logistics, helping us provide a complete market overview. 

Event Tracking and Impact Analysis​

  • Geopolitical Tensions: PriceWatch continuously monitors geopolitical events, such as trade disputes and regional conflicts, that could affect Vitamin B3 supply chains. For example, issues like disruptions in propylene supply from Middle Eastern countries have a direct impact on Vitamin B3 production and pricing. 
  • Natural Disasters and Climate Events: Our analysis includes the impact of climate events, such as hurricanes or floods, particularly in regions like the U.S. Gulf Coast and Southeast Asia, which house critical Vitamin B3 production facilities. These disruptions can lead to temporary supply shortages and price volatility. 
  • Regulatory Changes and Industry Shifts: PriceWatch tracks shift in environmental regulations and industry standards, such as the tightening of safety regulations in chemical production, which can influence Vitamin B3 demand and supply trends. 

Production Capacity and Supply Analysis

  • Current Production Monitoring: We maintain an up-to-date database of global Vitamin B3 production facilities, tracking their operational status, maintenance activities, and output levels. This helps us accurately assess the available supply in the market at any given time. 
  • Future Capacity Projections: Our research also covers future production capacities, factoring in new plants, expansions, and technological advancements in Vitamin B3 production. This allows us to predict future supply trends and potential price movements. 

Demand Forecasting

  • Sectoral Demand Analysis: PriceWatch provides a detailed analysis of demand trends across key sectors, such as pharmaceuticals, plastics, and solvents. We analyse year-on-year demand growth and predict future consumption based on economic indicators and industry trends. 
  • Global Demand Dynamics: Our methodology also considers regional demand shifts and how they impact global Vitamin B3 prices. This includes tracking manufacturing trends, changes in environmental policies, and trade flows that influence demand in key markets like the U.S., China, and Europe. 

Pricing Model Development

  • Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast Vitamin B3 prices, incorporating real-time data, historical pricing trends, and projected market conditions. We continuously refine these models to improve accuracy and deliver reliable forecasts. 
  • Scenario Analysis: We conduct scenario-based assessments to anticipate potential market developments. This includes best-case, worst-case, and most likely scenarios, allowing our clients to prepare for a range of possible market outcomes. 

Reporting and Client Support

  • Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to provide clear, actionable insights. 
  • Ongoing Support: PriceWatch offers continuous updates and personalized support to our clients, ensuring they have the most accurate and up-to-date information to make informed business decisions. Our experts are available to discuss market developments and offer tailored advice. 

This research methodology ensures that PriceWatch delivers accurate, timely, and actionable Vitamin B3 pricing assessments, enabling our clients to stay ahead of market trends and make informed decisions in an ever-changing market. 

Vitamin B3 (niacin) Market Price Trend provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for vitamin b3 (niacin). PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

Vitamin B3 prices in the global market are influenced by factors such as raw material availability, manufacturing costs, and supply chain disruptions including transportation delays and plant productions. Demand growth driven by rising health awareness, lifestyle diseases, and expansion in nutraceutical, pharmaceutical, and animal feed sectors also supports price increases. Additionally, technological advances, regulatory changes, regional production capacities—especially in Asia Pacific—and competitive market dynamics shape pricing trends worldwide

Supply chain disruptions significantly impact the pricing of Vitamin B3 by reducing the availability of intermediates, increasing transport costs, and causing delays or interruptions in production and delivery. When prompt delivery becomes difficult and lower-priced material is scarce, prices tend to firm up, as seen during periods of plant shutdowns, force majeure events, or logistical bottlenecks. Even if overall demand is stable or weak, such disruptions can temporarily halt price declines or trigger short-term increases, with the market often reacting cautiously as buyers and suppliers adjust to the new supply landscape. In volatile periods, uncertainty about future availability and costs can further drive price fluctuations, making it challenging for industry players to secure stable contracts and predict long-term trends.

Regional price differences for Vitamin B3 are currently modest, with prices stable and relatively low across Asia, Europe, and North America, despite supply disruptions China as the dominant global supplier has played a key role in driving prices downward, with aggressive pricing from leading Chinese producers and increased supply helping to keep global prices soft even after temporary shortages or plant incidents. Procurement heads should adapt by closely monitoring Chinese production trends and supplier strategies, securing contracts in advance for the first and second quarters, and diversifying their supplier base to mitigate risks from unexpected disruptions. Staying agile and responsive to changes in Chinese market dynamics is essential, as shifts in output or export policies from China can quickly influence global and regional price spreads

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