The global niacinamide beauty products market its experience significant growth in the skincare world. niacinamide beauty products recently has a value at USD 558.9 million in 2023 and its expectations to reach USD 846.5 million by 2030, with a growth rate of about 6.1% from 2024 to 2030.
Niacinamide benefits
Niacinamide or nicotinamide is a form of vitamin B3 and niacin. it is present in some foods like eggs, fish, meat, and green vegetables. It keeps the skin smooth, healthy and moisturized. It proves its efficacy in treating hyperpigmentation but in a concentration of 5%. Niacinamide helps regulate sebum production, which reduces oiliness in the skin and leads to a decrease in acne, especially inflammatory acne.
Regional insights of global niacinamide beauty products
Asia
Asia revenues were about 45% of the global niacinamide beauty products market in 2023. These revenues recently has a value at USD 251.5 million and are expected to be USD 395.7 million by 2030, with a compound annual growth rate (CAGR) of 6.7%. South Korea and Japan have the most popularity in beauty trends.
Europe
Europe revenues of about 20.6% of the global niacinamide beauty products market. The revenues recently has a value at USD 115.1 million in 2023 and its expectations to reach USD 165.5 million by 2030, with a CAGR of 5.3%.
North America
In 2023, North America’s revenue from niacinamide beauty products recently has a value at USD 133.0 million, representing 23.8% of total revenues in the world. its expectations to reach USD 204.4 million by 2030, with a CAGR of 6.3%.
7 Top brands in the global niacinamide beauty products market
5: COSRX
6: Shiseido
7: Ordinary
Conclusion
In recent years, Niacinamide has achieved incredible growth thanks to social media like TikTok and Instagram. These social media educate people about the benefits of niacinamide in keeping your skin healthy.
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