Global Nicotinamide Mononucleotide Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Nicotinamide Mononucleotide plays a role in various biological functions by potentially aiding in fighting age related ailments and improving cellular energy production and DNA repair processes. It is present in a range of foods like broccoli, cucumber, cabbage edamame and avocados. However the recent increase in its popularity stemmed from its incorporation, into supplements and products aimed at combating aging signs.
Market Key Insights
- The Nicotinamide Mononucleotide market is projected to grow from $721.4 million in 2024 to $1.43 billion in 2034. This represents a CAGR of 7.1%, reflecting rising demand across Ageing & Longevity Research, Metabolic Health Improvement and Cardiovascular Health Management.
- Elysium Health, Genex Formulas, RevGenetics are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Nicotinamide Mononucleotide market and are expected to observe the growth CAGR of 4.6% to 6.8% between 2024 and 2030.
- Emerging markets including Brazil, India and South Africa are expected to observe highest growth with CAGR ranging between 8.2% to 9.8%.
- Transition like Growing Health Awareness is expected to add $99 million to the Nicotinamide Mononucleotide market growth by 2030
- The Nicotinamide Mononucleotide market is set to add $711 million between 2024 and 2034, with manufacturer targeting Dietary Supplement & Cosmetics Application projected to gain a larger market share.
- With Increasing demand in anti-aging segment, and Therapeutic applications in chronic disorders, Nicotinamide Mononucleotide market to expand 99% between 2024 and 2034.
Opportunities in the Nicotinamide Mononucleotide
There are chances for Nicotinamide Mononucleotide to engage in partnerships with regulatory organizations and healthcare brands to enhance visibility and quality while expanding distribution networks, in the market domain of Nicotinamide Mononucleotide and driving growth.
Growth Opportunities in North America and Asia Pacific
North America Outlook
Asia Pacific Outlook
Market Dynamics and Supply Chain
Driver: Increasing Demand in Anti-Aging Segment, and Emergence of Dietary Supplements Market
Medical experts are also increasingly highlighting the potential of NMNs in treating conditions due to their positive effects on cell health and metabolism. The use of Nicotinamide Mononucleotide in creating treatments for diabetes and heart diseases is also gaining traction as its benefits become more apparent. This trend is also likely to lead to growth, in the market for such therapies.
Restraint: Regulatory Ambiguity
Opportunity: Technological Advancements in Biochemical Research and Expanding Healthcare Sector
The healthcare industry is growing quickly. Offers a lot of potential for Nicotinamide Mononucleotide to thrive in the market as a valuable health supplement due to the aging population worldwide and a growing emphasis, on overall well being and preventative care.
Challenge: High Manufacturing Costs
Supply Chain Landscape
Sigma-Aldrich Corporation
Hello Bio Ltd
TCI Chemicals Pvt Ltd
Merck Millipore Corporation
Shanghai Freemen Life Sciences
Nu U Nutrition Ltd
CVS Health Corporation
Amazon
Sigma-Aldrich Corporation
Hello Bio Ltd
TCI Chemicals Pvt Ltd
Merck Millipore Corporation
Shanghai Freemen Life Sciences
Nu U Nutrition Ltd
CVS Health Corporation
Amazon