NMN latest market situation and application
NMN also called β-nicotinamide mononucleotide, which is the precursor of the coenzyme NAD+ involved in the energy conversion of cells in the human body. NAD+ exists in all living cells and is essential for regulating cellular aging and maintaining normal body functions, and is believed to help maintain a youthful state in humans.
As a well-known functional raw material, NMN has not yet obtained the license of new food raw materials, food additives, health food and medicine in my country, but at the beginning of 2022, NMN was registered at the cosmetic raw material, which undoubtedly released a hopeful NMN in the future. It is expected to unlock more regulatory-approved signals.
From the perspective of the global market, the compound annual growth rate of NMN in 2021-2026 is expected to be 7.3%. Major countries around the world have seen the huge potential market of this new type of ingredient in the field of dietary supplements, but at the same time they are also facing many challenges, such as strict regulations in many countries, lack of innovative formulas for new fields, etc.
In 2020, the market size of China's NMN ingredient health care products reached USD 0.8 billion, year-on-year increase rate about 34.87%. It is expected to climb to USD 4 billion with a growth rate of nearly 70.25% by 2023, and the industry is developing rapidly.
Post time: Jan-17-2023