Global Essential Micronutrients Market: Snapshot
Micronutrients including vitamins and micro-minerals such as cobalt, iron, copper, chromium, manganese, iodine, zinc, selenium are not required by the body in volumes but are rare enough to be missed on a regular and minute quantity and leads to various disorders. The sheer essentiality of micronutrients, particularly among the geriatrics, has emerged as a field of healthcare that are now gaining awareness on the back of incrementing percentage of elderly people across the world.
According to the German Research Center for Environmental Health, nearly half of individuals over 65 years of age show symptoms of lowered levels of vitamin D in the blood whereas more than one in four of these geriatrics suffer from the deficiency of vitamin B12. The research study had examined more than a thousand blood samples extracted from people aged between the range of 65 years to 93 years and focused on the levels of micronutrients including iron, Vitamin B12, and Vitamin D. The researchers have strongly recommended periodic checks to refrain from diseases. Consequently, the market for essential micronutrients is expected to flourish in the near future, with the demand incrementing at a formidable CAGR during the forecast period of 2018 to 2027.
Fact.MR has developed this exclusive forecast study to estimate the evolution of global essential micronutrients market for the period, 2018-2027. This report assesses a range of factors and business aspects encompassing the production and sales of essential micronutrients for the near future. A key advantage of availing this report is the provision of assessment on key trends that will influence the future of global essential nutrients market.
Global Essential Micronutrients Market: Opportunity in Agriculture for Improving Productivity
Arable land depletion has recorded a significant pace on the back of intensive cropping, extensive chemical abuse on soil, robust mining of micronutrient reserves. Micronutrients are witnessing a surge in adoption in agricultural sector, as an effective means to enhance productivity and cater growing food demand. Rapid population growth, particularly in developing nations such as India and China has led the governments in these countries to develop new policies apropos food productivity acceleration.
Opportunities for improving productivity lie in the development and application of fertilizers enriched with lacking micronutrients, which in turn concurrently increases efficiency of fertilizers, thereby stimulating its uptake. This further helps in raising farm income through increased productivity, meanwhile slowing down the unabated current expansion of agriculture into natural ecosystems.
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Robust Investments in Micronutrient Plants to Augur Well for the Market Growth
Leading players in the essential micronutrients market are making strategic investments for supporting their customers in food and agriculture sectors, and strengthening their leadership in the market. Such investments also underline their commitment to sustainability, and initiatives toward propelling agricultural yields, particularly in regions having poor soil conditions.
Akzo Nobel, in 2017, announced its plans of investing over 10 Mn in Sweden for expanding capacity of its chelated micronutrients, which seek extensive adoption as essential ingredients in agriculture. This project, located at Kvarntorp, caters to surging demand for micronutrients. The expansion primarily involves capacity addition for the high-performance iron chelates, which considerably helps in enhancing the agricultural productivity.
As insufficient iron intake leads to anemia, increases mortality in women & children, and retards brain development, proper supply of iron through food has become an imperative concern among the healthcare systems. As a response to this concern, researchers from the Laboratory of Biotechnology, ETH Zurich, have developed new type of genetically-modified (GM) rice, which contains multiple micronutrients, banking on the fact that rice is a key staple diet of a large population base globally.
Researchers have made improvements in the “Golden Rice”, a GM rice, which is now being employed in breeding programs across several countries such as Southeast Asian nations. The research results have further demonstrated successful combination of several essential micronutrients, such as beta carotene, zinc, and iron, in single rice plant to provide healthy nutrition.
Multidisciplinary research methodologies have been adopted to create an all-embracive analysis of key market data. Multiple parameters have been employed to generate valuable datapoints on the evolving value chain of essential micronutrients. The report has also revealed the current market standings of these players, revealing accurate information on market positioning and competitor analysis. Inferences from the report are aimed to extend the understanding of essential micronutrients manufacturers towards the future of the market.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
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Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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