Nutrition Chemicals Market Size, Share, Growth, and Industry Analysis, By Type (Animal, Plant, Food, and Others), By Application (Pharmaceuticals, Agriculture, Food, Household, Cosmetics, Personal Care, and Others) and Regional Insights and Forecast To 2031

Updated On: 29 April 2024

NUTRITION CHEMICALS MARKET REPORT OVERVIEW

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The global nutrition chemicals market size was USD 10000 million in 2020 and will touch USD 12830 million by 2027, exhibiting a CAGR of 3.2% during the forecast period.

Nutrition chemicals are essential components that play a crucial role in supporting the growth, development, and maintenance of living organisms. These chemicals encompass a wide range of compounds, including vitamins, minerals, amino acids, fatty acids, and various other bioactive substances. Each nutrient serves a specific function within the body, contributing to overall health and well-being. For example, vitamins act as cofactors in metabolic reactions, minerals are involved in bone formation and nerve function, amino acids are building blocks of proteins, and fatty acids are crucial for cell membrane structure.

Balancing the intake of nutrition chemicals through a well-rounded diet is essential for promoting optimal health. While some nutrients are synthesized by the body, others must be obtained through dietary sources. The right combination of these chemicals supports energy production, immune function, and the maintenance of tissues and organs. However, an excess or deficiency of specific nutrients can have adverse effects on health. Therefore, understanding the principles of nutrition and making informed dietary choices are crucial for individuals to meet their nutritional needs and maintain a balanced and healthy lifestyle.

COVID-19 Impact: Market Growth Boosted by Pandemic due to Increased Demand for Nutrition

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The global pandemic, such as the one caused by the outbreak of COVID-19, has had multifaceted impacts on nutrition chemicals and overall nutritional health. One of the immediate effects was disruptions in the food supply chain, leading to challenges in accessing a diverse and balanced diet. Lockdowns, restrictions on movement, and economic uncertainties have affected people's ability to procure fresh and nutritious foods, potentially contributing to deficiencies in essential nutrition chemicals.

Moreover, the pandemic has brought attention to the importance of a robust immune system in combating infectious diseases. This has increased awareness of the role of specific nutrition chemicals, such as vitamins and minerals, in supporting immune function. Consequently, there has been a growing interest in dietary supplements as people seek ways to enhance their immunity and overall health. The global nutrition chemicals market growth is anticipated to boost following the pandemic.

LATEST TRENDS

"Functional Foods and Nutraceuticals to Drive Market Growth"

The development of functional foods and nutraceuticals, which contain bioactive compounds that provide health benefits beyond basic nutrition, has been an ongoing trend. Ingredients such as probiotics, prebiotics, antioxidants, and plant-based compounds have gained attention for their potential to support health and well-being. There has been a growing interest in personalized nutrition, which involves tailoring dietary recommendations based on an individual's genetic makeup, lifestyle, and health status. Advances in technologies like DNA testing and data analytics have contributed to the development of more personalized nutrition plans.

Increasing research on the gut microbiome has revealed its significant impact on overall health. Nutrition strategies aimed at promoting a healthy gut microbiome, including the consumption of specific fibers and fermented foods, have been of interest. Given the global pandemic, there has been a heightened focus on nutrients that support immune function. Vitamins and minerals such as vitamin C, vitamin D, zinc, and others have gained attention for their potential role in immune health.

NUTRITION CHEMICALS MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into Animal, Plant, Food, and Others.

Animal: Animals are multicellular organisms belonging to the kingdom Animalia, characterized by mobility, heterotrophy (depending on external sources for nutrients), and a lack of cell walls. They play diverse roles in ecosystems, serving as both consumers and, in some cases, producers.

Plant: Plants are multicellular, photosynthetic organisms belonging to the kingdom Plantae. They possess cell walls, chloroplasts, and are capable of photosynthesis, converting sunlight into energy. Plants are essential for oxygen production, carbon dioxide absorption, and providing food for various ecosystems.

Food: Food is any substance consumed to provide nutritional support for the body. It includes a variety of items derived from plants and animals, offering essential nutrients such as carbohydrates, proteins, fats, vitamins, and minerals. The diverse range of foods contributes to overall health and sustenance for living organisms.

• By Application

Based on application the global market can be categorized into Pharmaceuticals, Agriculture, Food, Household, Cosmetics, Personal Care, and Others.

Pharmaceuticals: Pharmaceuticals are substances used for medical purposes, encompassing drugs and medications designed to prevent, treat, or alleviate diseases and health conditions. They undergo rigorous testing and regulatory processes to ensure safety and efficacy in human or animal use.

Agriculture: Agriculture involves the cultivation of plants and the rearing of animals for food, fiber, medicinal plants, and other products used to sustain and enhance human life. It includes farming practices, crop cultivation, livestock management, and the application of technologies to optimize yields.

Food: Food refers to any substance consumed for nutritional sustenance and energy. It includes a wide range of items derived from plants and animals, providing essential nutrients such as carbohydrates, proteins, fats, vitamins, and minerals to support the health and well-being of humans and other living organisms.

Household: Household products encompass various items used in domestic settings for cleaning, maintenance, and daily tasks. This category includes cleaning agents, detergents, kitchen supplies, and other products designed for use within homes to promote hygiene and comfort.

Cosmetics: Cosmetics are substances applied to the body for beautification, hygiene, or altering one's appearance. This category includes skincare products, makeup, perfumes, and hair care items, emphasizing aesthetics and personal care routines.

Personal Care: Personal care involves practices and products aimed at maintaining cleanliness, grooming, and overall well-being. It includes hygiene products such as soaps, shampoos, and toothpaste, as well as skincare items and other products designed for individual health and self-care.

DRIVING FACTORS

"Preventive Healthcare to Boost the Market"

The shift toward preventive healthcare has led to a focus on nutrition as a means to prevent or manage chronic diseases. Nutrition chemicals, including vitamins, minerals, and bioactive compounds, are recognized for their potential role in supporting immune function and overall health. Increasing awareness and emphasis on health and wellness have driven interest in nutrition chemicals. Consumers are seeking products that offer specific health benefits, leading to the development of functional foods, supplements, and fortified products.

"Personalized Nutrition to Expand the Market"

The recognition of individual variations in nutritional needs has led to the concept of personalized nutrition. Tailoring nutrition advice based on genetic, lifestyle, and health data encourages the development of customized nutrition plans and products. Innovations in technology, such as genetic engineering, nanotechnology, and food processing techniques, contribute to the development of nutrition chemicals. These advancements enhance the bioavailability, stability, and delivery of nutrients in various products.

RESTRAINING FACTOR

"Complexity of Nutrient Interactions to Potentially Impede Market Growth"

The intricate interactions between nutrients and the complexity of the human body's response to different combinations of nutrition chemicals pose challenges in formulating effective and safe products. Understanding these interactions requires ongoing research and may slow down the development of innovative solutions. The cost of nutrition chemicals and related products, including supplements and fortified foods, can be a restraining factor. Affordability issues may limit access to these products, particularly in populations with lower socioeconomic status.

NUTRITION CHEMICALS MARKET REGIONAL INSIGHTS

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"North America to Dominate the Market due to Well Established Industries"

The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

North America has emerged as the most dominant region in the global nutrition chemicals market share due to several factors. The regions have historically been major shareholders in the global nutrition chemicals market. The well-established food and pharmaceutical industries in North America drive the demand for nutrition chemicals. Consumer awareness of health and wellness, coupled with a higher disposable income, contributes to the consumption of dietary supplements and fortified foods.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The nutrition chemicals market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in cloth wardrobes, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• BASF SE [Germany]
• DowDuPont [U.S.]
• Vertellus [U.S.]
• Evonik Industries [Germany]
• TATA Chemicals [India]

INDUSTRIAL DEVELOPMENT

October 2023: DSM Nutritional Products took significant strives ahead in the nutrition chemicals market. They recently developed Vitamin C (Ascorbic Acid). Ascorbic Acid, commonly found in citrus fruits and leafy greens, is a high-quality nutritional supplement manufactured by DSM Nutritional Products, contributing to optimal health and well-being. Its versatile applications range from immune support formulations to enhancing the stability of various food and beverage products.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.