Global Nicotinamide Mononucleotide (NMN) Market Size Will Reach $312 Million in 2023

Nicotinamide mononucleotide (NMN) is a naturally occurring nucleotide with the chemical formula C11H15N2O8P. It is a direct precursor of nicotinamide adenine dinucleotide (NAD+), an inherent substance in the human body, and is also abundant in some fruits and vegetables. Its content gradually decreases with age in the body, and therefore it is often used as an anti-aging nutritional supplement.

Global Market Analysis of Nicotinamide Mononucleotide (NMN) Segmentation

According to the different purities, NMNs are mainly divided into two types: NMN with content below 98% and NMN with content above 98%. Among them, NMN with content above 98% dominates the market. According to our research data, the global consumption of NMN with content above 98% is estimated to be 32.94 tons in 2023, accounting for an estimated 88.54% of the total consumption.

From downstream applications, NMN is currently mainly used in fields such as healthcare products and cosmetics. Among them, the healthcare product field is the largest downstream application market. The data shows that the consumption of NMN in the global healthcare product sector is expected to reach 30.54 tons in 2023, accounting for an estimated market share of 82.09%.

Global NMN Consumption and Proportion Forecast by Type and Application in 2023


Consumption (Tons)

Proportion

Segmented by Type

Content Below 98%

4.26

11.46%

Content Above 98%

32.94

88.54%

Segmented by Application

Healthcare Products

30.54

82.09%

Cosmetics

4.22

11.35%

Others

2.44

6.56%

Source: www.globalmarketmonitor.com

Overview of Global NMN Market Development and Analysis of Competitive Landscape
The global NMN market has shown a rapid growth trend in the past few years. According to our research data, the total size of the global NMN market is expected to reach $312 million in 2023. In the future, with the intensification of global population aging, people's demand for health and longevity will continue to increase, and NMN, as an important nutritional supplement, will receive more attention. On the other hand, with the continuous progress of technology and the deepening of NMN research, its application areas will also continue to expand, which will drive the continuous expansion of the NMN market. It is expected that the global NMN market size will increase to $1191 million by 2028.
From the perspective of market competition, the concentration of the global NMN market is high. According to our data, the total NMN output value of the top 3 companies in the industry in 2020 was $154 million, with a total share of 64.93%. The top 3 companies were GeneHarbor, Herbalmax, and Shinkowa Pharmaceutical, with NMN production accounting for 41.39%, 18.99%, and 4.55% of the global total production in 2020.
Global Nicotinamide Mononucleotide (NMN) Market Size Forecast and Competition Pattern Analysis 

Global Nicotinamide Mononucleotide (NMN) Market Size Forecast and Competition Pattern Analysis
Source: www.globalmarketmonitor.com

For more industry information, please refer to our latest released "China Nicotinamide Mononucleotide (NMN) Industry Market Research Report 2023-2029".

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