Nicotinamide Prices, Chart, Index, Trends, Demand and Forecast | Q3 2025

Executive Summary

The Nicotinamide market experienced notable downward pressure in the third quarter of 2025 across major global regions. Subdued downstream demand and cautious procurement behavior led to a decline in prices in North America, APAC, and Europe. In the United States, the Nicotinamide Price Index dropped by 9.14% quarter-over-quarter (QoQ), while South Korea saw a decrease of 8.68% QoQ. Germany recorded a similar decline of 8.31% QoQ. The average Nicotinamide prices ranged between USD 4666.67/MT and USD 4743.33/MT, reflecting the overall softening market conditions. This report provides an in-depth analysis of price trends, regional dynamics, supply-demand factors, and market outlook for Nicotinamide.

Introduction

Nicotinamide, also known as niacinamide or vitamin B3, is a critical compound used widely in the pharmaceutical, cosmetic, and nutraceutical industries. Its applications range from dietary supplements to skincare products, leveraging its anti-inflammatory and antioxidant properties. Market trends in Nicotinamide are closely linked to the health supplement industry, pharmaceutical formulations, and cosmetic product demand.

In Q3 2025, the Nicotinamide market faced a notable slowdown. Factors contributing to this softening included reduced downstream procurement, cautious inventory management by distributors, and fluctuating import parity rates. These dynamics influenced pricing across North America, Asia-Pacific, and Europe, shaping both short-term and long-term market expectations.

Get Real time Prices for Nicotinamide: https://www.chemanalyst.com/Pricing-data/nicotinamide-1638

Global Nicotinamide Price Overview

Globally, Nicotinamide prices experienced consistent declines in Q3 2025. The downward trend was driven primarily by soft demand in end-use industries, particularly in pharmaceuticals and cosmetics. The decline in active procurement, coupled with steady supply from major producers, contributed to price corrections in multiple regions.

The global average prices converged in the range of USD 4666–4744/MT, demonstrating limited regional divergence despite differing market dynamics.

North America Nicotinamide Market

Price Trends and Index Movements

In the USA, the Nicotinamide Price Index fell by 9.14% QoQ, highlighting subdued demand from pharmaceutical manufacturers and nutraceutical producers. Average prices settled at approximately USD 4736.67/MT based on import statistics, reflecting the cautious approach of downstream buyers amid an uncertain macroeconomic environment.

Factors Influencing Price Changes

1. Soft Pharmaceutical Demand: Lower procurement of Nicotinamide-based supplements and formulations impacted spot prices.
2. Inventory Adjustments: Distributors optimized inventory levels, reducing immediate purchasing pressure.
3. Stable Production Costs: Although manufacturing costs remained steady, limited pricing power for producers contributed to the overall decline.
4. Logistics and Import Trends: Import parity remained favorable, ensuring adequate supply availability despite weaker demand.

Procurement Behavior and Market Dynamics

North American buyers adopted a conservative stance in Q3 2025, purchasing smaller volumes and avoiding speculative procurement. This shift toward lean inventory management slowed price recovery and pressured existing stock levels.

🌐 🔗 Track real time Nicotinamide  Prices and market trends on ChemAnalyst:  https://www.chemanalyst.com/ChemAnalyst/PricingForm?Product=Nicotinamide

Asia-Pacific (APAC) Nicotinamide Market

Price Movements in South Korea

South Korea experienced a decline of 8.68% in the Nicotinamide Price Index during Q3 2025. Average import prices were reported at approximately USD 4666.67/MT. Weak downstream consumption in pharmaceutical and cosmetic segments led to slower price momentum.

Supply-Demand Dynamics

• Stable Supply Base: Regional manufacturers and importers maintained consistent output levels, contributing to stable availability.
• Muted Demand: Slower uptake by skincare and dietary supplement industries reduced pricing pressure.
• Cost Trends: Feedstock costs remained largely unchanged, limiting upward price pressure.

Trade-Flow and Logistics Factors

Despite softer demand, shipping and logistics channels remained functional, with imports ensuring adequate supply. Minimal disruption in shipping and port activities prevented additional price volatility.

Europe Nicotinamide Market

Price Trends in Germany

Germany, as a key European market, recorded an 8.31% decline in the Nicotinamide Price Index quarter-over-quarter. Average prices were approximately USD 4743.33/MT, reflecting weaker downstream offtake conditions.

Drivers Behind Price Decline

1. Soft Downstream Demand: Pharmaceutical manufacturers showed limited interest in bulk procurement.
2. Inventory Management: Distributors maintained lean inventories to avoid overstocking amid uncertain market conditions.
3. Stable Supply: European producers maintained steady output, meeting demand without creating shortages.
4. Import Cost Factors: Stable euro-to-dollar exchange rates and shipping costs prevented sudden price surges.

Outlook for European Market

The European Nicotinamide market is expected to stabilize in the near term, with moderate demand anticipated from nutraceutical and cosmetic applications. Price recovery will depend on increased downstream consumption and any significant changes in raw material costs.

Historical Quarterly Review

Analyzing Nicotinamide price movements over the past four quarters:

• Q4 2024: Prices were relatively stable, supported by steady pharmaceutical procurement in North America and Europe.
• Q1 2025: A mild uptick occurred due to inventory replenishments after the holiday season.
• Q2 2025: Prices began softening amid reduced downstream demand, laying the groundwork for Q3 2025 declines.
• Q3 2025: The marked decrease in the price index reflects ongoing demand weakness and cautious purchasing behavior.

This historical trend demonstrates that the Nicotinamide market is highly sensitive to fluctuations in downstream consumption and procurement patterns.

Production and Cost Structure Insights

Nicotinamide production primarily relies on chemical synthesis processes using nicotinic acid as a precursor. Key cost components include:

1. Raw Material Costs: Fluctuations in nicotinic acid prices directly influence production costs.
2. Energy and Utilities: Steady energy costs have prevented dramatic increases in manufacturing expenses.
3. Labor and Overhead: Relatively stable labor costs contribute to predictable production budgets.

Despite stable production costs, market prices softened due to reduced buying activity and cautious inventory management by distributors.

Procurement Outlook and Market Forecast

North America

In the near term, buyers are expected to maintain cautious procurement, focusing on smaller volumes and avoiding speculative purchases. Prices may stabilize if downstream demand picks up, particularly in the pharmaceutical sector.

APAC

Regional demand in South Korea and neighboring markets will likely remain moderate. Price stabilization will depend on an uptick in cosmetic and nutraceutical product consumption, as well as potential export demand.

Europe

In Germany and the broader EU, procurement activity may gradually recover, influenced by seasonal demand for dietary supplements and skincare products. Any increase in raw material costs could also provide upward price momentum.

Overall, global Nicotinamide prices are expected to maintain a soft-to-stable trajectory for Q4 2025, with potential for moderate recovery contingent on downstream demand recovery.

🌐 🔗 Track real time Nicotinamide  Prices and market trends on ChemAnalyst:  https://www.chemanalyst.com/ChemAnalyst/PricingForm?Product=Nicotinamide

Frequently Asked Questions (FAQ)

Q1: What factors caused the decline in Nicotinamide prices in Q3 2025?
A1: The primary factors include subdued downstream demand, cautious procurement, stable supply, and controlled inventory levels by distributors.

Q2: How do regional dynamics affect global Nicotinamide prices?
A2: Regional demand, local production output, import parity, and logistics costs collectively influence global pricing trends. Weak demand in key markets such as the USA, South Korea, and Germany drove the Q3 decline.

Q3: What is the expected price trend for Nicotinamide in Q4 2025?
A3: Prices are likely to remain soft-to-stable, with potential recovery if downstream demand in pharmaceuticals, nutraceuticals, and cosmetics strengthens.

Q4: How does Nicotinamide production cost affect prices?
A4: Production costs, mainly raw materials and utilities, set a baseline price. While costs remained stable in Q3 2025, market prices softened due to weaker procurement.

Q5: Which sectors have the most influence on Nicotinamide demand?
A5: Pharmaceutical manufacturers, dietary supplement producers, and cosmetic product formulators are the main drivers of Nicotinamide consumption.

Conclusion

The Nicotinamide market faced notable price declines in Q3 2025 across North America, APAC, and Europe. Average prices ranged between USD 4666.67/MT and USD 4743.33/MT, reflecting subdued demand and cautious procurement behavior. Despite stable production costs and adequate supply, the lack of strong downstream consumption pressured prices across key regions.

Looking forward, the market is expected to stabilize, with moderate price recovery contingent on renewed demand in pharmaceuticals, nutraceuticals, and cosmetics. Distributors and buyers will likely continue a cautious approach, emphasizing lean inventory management to align with market conditions.

The Q3 2025 performance underscores the sensitivity of Nicotinamide pricing to end-use demand, regional supply stability, and global trade dynamics, providing insights for market participants and stakeholders to plan procurement and production strategies effectively.

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