Global Nutrition Chemicals Market: Information by Form (Liquid and Powder), Application (Animal Nutrition, Food & Beverages, Pharmaceutical, Cosmetics & Personal Care, Agriculture), and Region (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa)—Forecast till 2025
Nutrition Chemicals Market Summary:
The global nutrition chemicals market is projected to mature at a considerable CAGR while garnering massive revenues during the forecast period (2014-2025).
Market Boosters and Top Restraints:
The rising demand for high-quality food products is giving rise to the demand for nutrition chemicals. The growing focus on a healthy diet rich in proteins has led the nutrition chemicals market to greater heights in recent years.
Animal and plant food sources need to be enriched with nutrients that induce optimal growth, extracting high yield from them. Other than that, the rising demand for micronutrients and macronutrients products are expected to help with market growth during the conjectured time frame.
Factors including rising health and wellness trend and the evolving food landscape aids in market growth. Also, surging demand for fortified food products, convenience in use of single ingredient compared to multiple ingredients, and the mounting demand for compound animal feed spur the growth of the global nutritional premixes market.
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Nutrition Chemicals Market Competitive Scenario:
Nutrition chemicals is a rapidly expanding market with substantial presence of prominent vendors. The market is mostly influenced by rising consumer awareness pertaining to health food and diet. Expansion of foods and pharmaceuticals industry as well as thriving personal care sector drives product demand. Tremendous growth of end-use industries along with rising number of collaborations as well as agreements between distributers, marketing firms and manufacturers benefit the global nutrition chemicals market.
Some of these proactive vendors shaping the worldwide nutrition chemicals market are;
• FMC Corporation,
• Evonik Industries,
• TATA chemicals,
• DOW Chemical, to name a few.
Nutrition Chemicals Industry Update:
July 2019 – Evonik Industries will be entering a research agreement with Perstorp. The companies are jointly going to develop a new range of animal nutrition products. With this agreement, both the leading chemical companies will have leverage in the nutrition chemicals market over their rivals.
November 3, 2017- BASF Corporation and DIEM Labs, LLC entered into an agreement to distribute and commercialize BASF’s first U.S. medical food product for the dietary management of patients with Non-Alcoholic Fatty Liver Disease (NAFLD). BASF will use its scientific expertise and state-of-the-art manufacturing capabilities to provide a first-to-the-market medical food product to patients with NAFLD. DIEM Labs will market the product to health care professionals in the U.S. and sell it through an online hub. The rising NAFLD rates present a looming large-scale health challenge in America, which can be effectively addressed by this development, in coming years.
September 14, 2017- Segterra, Inc. collaborated with BASF’s health ingredients brand, Newtrition®, to provide personalized nutrition recommendations and scientific support for Inside Tracker, developed by Segterra. Inside Tracker is one of the leading online platforms for personalized health analytics in the U.S. market, which tracks and analyzes blood biomarkers and applies algorithms and scientific databases to recommend personalized plans for optimizing an individual’s health. As part of this collaboration, BASF will use its scientific capabilities to provide personalized nutrition and dietary supplementation recommendations to Inside Tracker for their analysis of the blood biomarker results in the United States.
October 4, 2016- BASF has started planning for the construction of a new world-scale plant for vitamin A in Ludwigshafen, Germany. This new facility will add into BASF total annual production capacity of vitamin A by 1,500 metric tons. BASF wants to ensure long-term supply to its customers and to meet the growing demand of the market. The new world-scale vitamin A plant is scheduled to come on stream in 2020.
Nutrition Chemicals Market Segmentation:
The worldwide market for nutrition chemicals has been segmented on the basis of product type, application, and form.
Depending on the product type, the market can be considered for plant, animal, food, and others.
Application-wise, the market segments are agriculture, household, pharmaceuticals, food, cosmetics, and personal care.
Form-based segments in the market are liquid and powder.
Nutrition Chemicals Market Regional Analysis:
The main regions forming the global nutrition chemicals market include North America, Asia Pacific (APAC), Europe, along with the rest of the world (RoW).
North America is estimated to be the most profitable market for nutrition chemicals in the given period. The market growth in the region is largely dependent on the expanding population of pets. The United States (U.S.) is the most prominent area in the region, on account of high consumer spending on pets and the subsequent rise in demand for nutritional products. The superlative performance of the regional market is the result of the booming compound animal feed industry and strong economy. The hike in demand for fortified food products accompanied by increasing investments from significant vendors also helps the market gain massive income.
Nutrition Chemicals Market Table of Content to be Continue….,
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