India Nutrition Chemicals Market Revenue by Form, 2018 - 2027, (USD Million)
Synopsis
The above chart is India Nutrition Chemicals Market Revenue by Form, 2018 - 2027, (USD Million)
Market Dynamics
the nutrition chemicals market in india has been growing steadily over the years, with a high demand for these products from various industries such as food and beverage, healthcare, and animal feed. india has a large population and an increasing disposable income, which has led to a rise in consumption of nutrition chemicals in the country. the demand for these products is expected to continue to grow in the coming years, leading to a significant increase in market revenue.
in 2018, the nutrition chemicals market in india was valued at approximately usd 1.2 billion and is expected to reach usd 1.8 billion by 2027, growing at a cagr of 5.1% during the forecast period. this steady growth can be attributed to the increasing awareness about the importance of nutrition and a growing trend towards a healthier lifestyle among consumers in india.
the market revenue for nutrition chemicals in india is divided into two main forms – liquid and powder. both these forms have a significant demand, with liquid nutrition chemicals holding a larger share in the market. this can be attributed to the increasing use of these products in the food and beverage industry for fortifying various products such as juices, dairy products, and energy drinks. with the rising demand for functional and fortified food products, the demand for liquid nutrition chemicals is expected to continue to grow in the coming years.
on the other hand, powder nutrition chemicals are also witnessing a substantial demand in india, mainly due to their widespread use in the healthcare and animal feed industries. these products are used for fortification of various supplements, medicines, and animal feed to improve their nutritional value. with a growing focus on healthcare and animal husbandry, the demand for powder nutrition chemicals is expected to rise in the coming years.
in conclusion, the nutrition chemicals market in india is expected to witness significant revenue growth in the coming years, primarily due to the increasing demand for healthier and fortified food products and a growing trend towards a healthier lifestyle. both liquid and powder forms of these chemicals are witnessing a high demand and will continue to dominate the market in the forecast period.