Nutrition Chemicals Market Analysis

Global Nutrition Chemicals Market Overview

The Nutrition Chemicals Market Size was valued at USD 10.1 Billion in 2022. The Nutrition Chemicals industry is projected to grow from USD 11.4 Billion in 2023 to USD 18.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.9% during the forecast period (2023 - 2032). As individuals look for goods and supplements to meet their nutritional demands, rising consumer awareness of the value of a healthy lifestyle and balanced diet is a key market driver for nutrition chemicals. These are the key market drivers enhancing market growth.                           

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Nutrition Chemicals Market Trends

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  Growing consumer awareness and emphasis on maintaining a healthy lifestyle and balanced diet to drive market growth

  
  

Market CAGR is expected to increase due to technological developments, and easier access to information has increased consumer awareness of and concern about their health. They are actively looking for methods to change their lifestyles, including their diets, to improve their general well-being. The importance of a balanced diet in preventing chronic diseases and promoting good health is becoming increasingly clear. As a result, customers are gravitating toward goods and supplements that may successfully meet their nutritional needs. In many regions of the world, the prevalence of diet-related health problems, such as obesity, diabetes, and cardiovascular illnesses, has increased to alarming proportions.

Due to these circumstances, People feel more pressure to manage their health proactively. Vitamins, minerals, amino acids, and antioxidants are among the nutritional substances that are crucial to a healthy diet and can help prevent or treat certain health issues. Demand increases as consumers become more aware of the possible advantages of including these compounds in their diets. Consumers are embracing a more holistic well-being approach and tackling specific health issues. They are paying more attention to all aspects of well-being, such as energy levels, immune system support, and mental and emotional wellness. Nutrition chemicals can play a significant role in achieving these holistic wellness goals by offering the essential nutrients and bioactive compounds that support diverse biological functions. The move toward a more comprehensive strategy increases the need for nutrition chemicals. The ease of information accessible and the growth of social media platforms have been instrumental in enlightening and empowering people about the significance of nutrition. Consumers may make educated decisions about their eating habits thanks to the useful insights and advice shared by health influencers, nutritionists, and dieticians. As customers actively look for items that fit their health goals, spreading knowledge has increased consumer awareness and boosted the market for nutrition chemicals. The nutrition sector has seen a rise in product innovation and marketing tactics to meet the expanding customer demand.

A wide variety of nutrition chemical-based goods are being introduced by businesses, including fortified meals, nutritional supplements, functional beverages, and sports nutrition products. Targeting various customer niches and their particular needs, these goods are frequently sold with claims that they offer distinct health benefits. The market for nutrition chemicals is expanding due to the variety of available product options. Thus, driving the Nutrition Chemicals market revenue.

Nutrition Chemicals Market Segment Insights

Nutrition Chemicals Resin Resin Form Insights

Based on form, the nutrition chemicals market segmentation includes liquid and powder. In a variety of applications, powdered nutrition ingredients offer flexibility and convenience. They are appropriate for commercial and private use because they are simple to incorporate into foods and beverages. An effective technique to address nutritional needs is using powdered versions of vitamins, minerals, protein supplements, and other nutrition-related substances. Powders are a favored option for manufacturers and customers since they frequently have a longer shelf life and are more stable than liquid forms.

Figure 1: Nutrition Chemicals Market, by Resin Form, 2022 & 2032 (USD Billion)                   

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Nutrition Chemicals Application Insights

Based on application, the  Nutrition Chemicals market segmentation includes animal nutrition, pharmaceuticals, food & beverages, agriculture, cosmetics & personal care, and others. Improving the nutritional profile of food and beverage items depends heavily on nutrition chemicals. They strengthen and enrich various foods, such as infant formula, energy bars, morning cereals, and functional beverages. Food and beverage producers can satisfy the growing customer desire for healthier and more nutrient-dense options by adding nutrition chemicals. Food and beverage consumption is widely spread, making this industry a major factor in the market's need for nutrition chemicals.

Nutrition Chemicals Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. In North America, there is a lot of emphasis on health and well-being, and a sizeable percentage of the populace actively seeks out dietary supplements and goods to support their way of life. Due to the existence of important players, active research and development efforts, and a high degree of consumer understanding of the value of nutrition, the region has a well-established market for nutrition chemicals. In addition, strict guidelines and standards for foods and dietary supplements also contribute to the market's importance in North America.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: NUTRITION CHEMICALS MARKET SHARE BY REGION 2022 (USD Billion)                   

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe's Nutrition Chemicals market accounts for the second-largest market share. Due to its strong emphasis on health-conscious consumer behavior, sophisticated regulatory frameworks, and thriving food and beverage industry that includes nutrition chemicals in a wide range of goods, Europe is the region most commonly recognized for the nutrition chemicals market. Further, the German Nutrition Chemicals market held the largest market share, and the UK Nutrition Chemicals market was the fastest-growing market in the European region.

The North American Resin Market is expected to grow fastest from 2023 to 2032. Due to its high consumer awareness and demand for health and wellness products, established regulatory frameworks, developed food and beverage industry, and presence of key market players driving innovation and market growth, North America is the region most widely recognized for the nutrition chemicals market. Moreover, China’s Nutrition Chemicals market held the largest market share, and the Indian Nutrition Chemicals market was the fastest-growing market in the Asia-Pacific region.

Nutrition Chemicals Key Market Players & Competitive Insights

Leading market players are expected to increase their footprint on the international market by investing heavily in their regional and local manufacturing units. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. It is estimated that the market leaders in the Nutrition Chemicals industry will be extremely competitive.

 The nutrition Chemicals industry is expected to expand its product portfolio. Additionally, the market leaders in the Nutrition Chemicals industry are widening their product offerings. Major players in the Nutrition Chemicals market, including BASF SE, DuPont De Nemours, Inc., Evonik Industries, Lonza Group AG, Vertellus Holdings LLC, and others, are attempting to increase market demand by investing in research and development operations.

Evonik Industries is a well-known manufacturer of specialized chemicals with its headquarters in Essen, Germany. The company works in several industries, including nutrition and care, specialized additives, performance materials, and resource efficiency, strongly emphasizing innovation and sustainability. Evonik is dedicated to developing high-value solutions that address various industries' changing demands and raise the standard of living. Over 170 years of history are behind Evonik Industries. The "Deutsche Gold- und Silber-Scheideanstalt" (German Gold and Silver Refinery) was established in 1847. The business has expanded its portfolio and footprint through mergers, acquisitions, and strategic alliances. Evonik has a long history of providing creative solutions, advancing technology, and promoting sustainable growth.

The corporate headquarters of TATA Chemicals are in Mumbai, India. The business, which has a long history spanning more than 80 years, is a division of the TATA Group, a preeminent conglomerate. TATA Chemicals provides cutting-edge solutions that advance humanity in various industries, including fundamental chemistry, consumer goods, nutrition research, and specialty chemicals. TATA Chemicals was founded in 1939 and became the forerunner of the Indian chemical industry. The business has developed and grown, building a solid reputation for excellence, dependability, and moral conduct. The development and long-lasting legacy of TATA Chemicals is both directly related to its dedication to sustainability and social responsibility.

Key Companies in the Nutrition Chemicals market include

• BASF SE


• DuPont De Nemours, Inc.


• Evonik Industries


• Lonza Group AG


• Vertellus Holdings LLC


• TATA Chemicals


• DSM


• Cargill Inc


• Solvay SA


• Jubilant Life Sciences


• Stepan Company

Nutrition Chemicals Industry Developments

September 2021: By introducing its unique product line, which is 100% chemical-free and made from organic raw materials only, Satvam Nutrition has revealed aspirations to upend the current natural health supplement market. Products from Satvam include daily dietary supplements and pharmaceuticals for preventative healthcare. Satvam believes that using the best ingredients will provide the body with proper nutrition. Numerous organs and an unlimited number of cells make up the human body, all of which require organic nutrients to function properly and maintain bodily health.

December 2021: A Greentech company named AFYREN has announced signing two contracts for the long-term delivery of biobased ingredients by AFYREN NEOXY to two of the top players in the health and nutrition markets. AFYREN NEOXY produces products using technology based on natural microorganisms that are low-carbon and natural.

Nutrition Chemicals Market Segmentation

Nutrition Chemicals Form Outlook

• Liquid


• Powder

Nutrition Chemicals Application Outlook

• Animal Nutrition


• Pharmaceuticals


• Food & Beverages


• Agriculture


• Cosmetics & Personal Care


• Others

Nutrition Chemicals Regional Outlook

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  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America