Nutrition Chemicals Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The market for food additives will grow to reach $ 12.07 billion in 2024, and reach $ 18.2 billion by 2032. The compound annual growth rate (CAGR) of this market is 5.26 per cent. The growing demand for nutritional supplements, due to the increasing health consciousness of consumers and the growing awareness of the importance of nutrition in the general health of consumers, is one of the main reasons for the growth of this market. The development of new products and the progress of biotechnology are also encouraging this market to grow. The main players in the nutritional supplement market, such as DSM, BASF, and DuPont, are also actively pursuing strategies to increase their market share. The companies are investing in R & D to develop new products and formulas that meet the changing preferences of consumers. Also, more and more strategic alliances are being established to increase the number of distribution channels and to develop the product portfolio. These strategies will have a major impact on the market for nutritional chemicals in the future.

Regional Market Size

Regional Deep Dive

The market for nutritional chemicals is experiencing dynamic growth in several regions, driven by the rising awareness of the importance of nutrition and the increasing demand for functional foods. In North America, the focus is on innovation and compliance with regulations. In Europe, the trend is towards natural and organic ingredients. In Asia-Pacific, rapid urbanization and changing dietary habits are driving the demand for nutritional chemicals. In the Middle East and Africa, the young population and the increasing investment in food technology are driving the market, while in Latin America, the focus is on improving food security and the quality of nutrition.

Europe

• The European Food Safety Authority (EFSA) has implemented stricter regulations on health claims for food products, pushing companies to invest in substantiating their claims with scientific evidence, thereby enhancing product credibility.
• Innovations in clean label products are gaining traction, with companies like DSM and Kerry Group leading the way in developing natural nutrition solutions that align with consumer preferences for transparency and sustainability.

Asia Pacific

• The rise of e-commerce platforms in countries like China and India is transforming the distribution of nutrition chemicals, allowing consumers easier access to a wider range of products, including dietary supplements and functional foods.
• Government initiatives in countries such as Japan are promoting the use of nutrition chemicals in food fortification programs, aimed at addressing public health issues like malnutrition and aging populations.

Latin America

• Brazil's National Health Surveillance Agency (ANVISA) has introduced new regulations aimed at improving the safety and efficacy of nutritional supplements, which is expected to boost consumer confidence and market growth.
• The region is witnessing a rise in demand for functional foods, with companies like Bunge and Cargill investing in the development of nutrition chemicals that address local health concerns, such as obesity and diabetes.

North America

• The U.S. Food and Drug Administration (FDA) has recently updated its guidelines on dietary supplements, emphasizing the need for transparency in labeling, which is expected to enhance consumer trust and drive market growth.
• Key players like DuPont and BASF are investing heavily in R&D to develop innovative nutrition solutions, particularly in plant-based proteins and probiotics, catering to the growing demand for health-oriented products.

Middle East And Africa

• The Gulf Cooperation Council (GCC) countries are increasingly focusing on food security and nutrition, with initiatives like the Saudi Vision 2030 encouraging investments in the nutrition chemicals sector to enhance local food production.
• Local companies are collaborating with international firms to develop innovative nutrition solutions tailored to regional dietary needs, such as fortified foods that cater to the high prevalence of vitamin D deficiency.

Did You Know?

“Did you know that the global market for nutrition chemicals is increasingly influenced by the rise of personalized nutrition, with consumers seeking tailored dietary solutions based on their individual health needs?” — Market Research Future

Segmental Market Size

The nutrition chemicals market is growing steadily, mainly due to the rising awareness of consumers about their health and well-being. The demand for nutrition chemicals is also boosted by the rising prevalence of lifestyle-related diseases, which in turn increases the demand for food supplements, and by regulatory policies promoting the use of safe and effective nutrition chemicals in food. Furthermore, technological advances in formulation and delivery systems are increasing the effectiveness of the products, which in turn increases the demand for them. The market is currently in a mature stage of development, with DSM and BASF leading the way in terms of innovation and sustainable practices. The main applications are in food supplements, functional foods and animal feed. The increasing importance of clean labeling and sustainable practices is boosting market growth. Furthermore, developments in fermentation and biotechnology are enabling the formulation of more effective and sustainable nutrition chemicals.

Future Outlook

From 2024 to 2032, the nutritional chemicals market is expected to grow from USD 11.072 billion to USD 18.135 billion, with a CAGR of 5.26%. The demand for nutritional chemicals is driven by rising health awareness, which is expected to lead to increased demand for fortified foods and dietary supplements. The penetration rate of nutritional chemicals in the food, pharmaceutical and cosmetic industries is expected to increase significantly. By 2032, it is expected to exceed 30% in some key markets. Technological developments, such as the development of bio-available nutrient formulations and new delivery systems, are expected to drive the growth of the market. Supportive government policies promoting healthy eating and the environment will also boost market growth. Emerging trends, such as the growing popularity of plant-based and organic nutritional chemicals, will change consumer preferences and create new opportunities for market players. The nutritional chemicals industry is expected to adapt to these changes, but it is important for market players to be agile and responsive to the changing regulatory and consumer landscape to seize the opportunities in the nutritional chemicals market.