Global Nutrition Chemicals Market is Fragmented and Highly Competitive | Leading players DSM, AIC, Cognis, Evonik Industries, TATA chemicals
Research Reports
Dec 07, 2021
Nutrition Chemicals Market Analysis
The global nutrition chemicals market is eyeing for a promising growth at a significant CAGR over the predicted years (2021-2030). Simply put, nutrition chemicals are utilized as additives for boosting the food’s nutritious value needed for human, animals and plants. These chemicals offer nutritious value, texture, taste and color to a product and also improve the shelf life of the product. Resting on the product type, the nutrition chemicals are categorized into food, plant, animal and others.
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Competitive Analysis
The global nutrition chemicals market is fragmented and highly competitive. Nutrition chemicals is an immensely growing market owing to the presence of some key players. It is driven primarily due to increasing awareness of the consumers concerning health, diet and food. The growth in pharmaceuticals and foods sector together with the extremely flourishing personal care domain is driving the demand of such products.
Leading players profiled in the nutrition chemicals market include DSM, AIC, Cognis, Evonik Industries, TATA chemicals, DuPont, Vertellus, BASF, FMC Corporation, DOW Chemical, and others.
The majority of the key shareholders in the nutrition chemicals market are adopting various forms of strategies such as the collaboration and expansion tactic associated to their production capacities for strengthening their position in the market. The remarkable expansion of the end use industries coupled with the constant agreements and collaborations amongst marketing firms, distributors and manufacturers are the leading factors operating in the nutrition chemicals market. Taking these trends in consideration, the nutrition chemicals market is expected to see a considerable competition during the predicted years.
There are many factors that is driving the growth of the nutrition chemicals market. Some of these factors as per the Market Research Future (MRFR) report include rise in disposable income, change in the preference of consumers, demand of consumers for diet comprising of health-based products, need for high quality food products, growing demand for macro and micronutrients products, rising consumer awareness about proper nutrition, growing urbanization, product development and the wide application for the manufacturers. On the contrary, fluctuating price of raw materials may hinder the growth of the nutrition chemicals market.
The plant and animal nutrients chemicals products are utilized for improving the dietary needs of plants and animals. The animal nutrition chemical products comprise of vacuum salts, vitamins, enzymes and organic acids that helps in preventing the soil against over fertilizing, increasing food efficiency and reducing environmental pollution. The plant nutrition chemicals on the other hand includes copper, iron, sulfur, magnesium, calcium, potassium, phosphate, nitrogen and others.
Segmental Analysis
Market Research Future report offers an all-inclusive segmental analysis of the nutrition chemicals market on the basis of product type, application and form.
Based on product, it is segmented into food, animal, plant and others.
Based on application, the nutrition chemicals market is segmented into personal care, cosmetics, food, pharmaceuticals, household, agriculture and others.
Based on form, it is segmented into powder and liquid.
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Regional Analysis
Based on region, the nutrition chemicals market covers growth opportunities and latest trends across Europe, North America, Asia Pacific and Rest of the world. Of these, North America will spearhead the nutrition chemicals market over the predicted years owing to the huge nutrition-based production especially for animals. North America is followed by Asia Pacific which is anticipated to grow favorably owing to countries such as India that is dependent increasingly on agriculture both for food as well as other products. The nutrition chemicals market in Europe is predicted to have a balanced growth over the predicted years.
Industry Update
June 2018- DSM, the leading specialty chemicals maker based in Dutch of late has revealed that it has approximately 3 billion euros for investing on acquisitions with an aim to boost up its nutrition business thereby upholding its profit growth. It is all set to expand its product portfolio into beverages and whole food from which they will be capable of tapping into the right opportunities in consumer brands.
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