Japan Nutrition Chemicals Market Revenue by Form, 2018 - 2027, (USD Million)
Synopsis
The above chart is Japan Nutrition Chemicals Market Revenue by Form, 2018 - 2027, (USD Million)
Market Dynamics
The japan nutrition chemicals market has witnessed significant growth in recent years, thanks to an increase in demand for nutritionally fortified food products. according to a recent report by grand view research, the revenue from nutrition chemicals in japan was valued at usd 9.35 billion in 2019 and is expected to reach usd 12.16 billion by 2027, growing at a cagr of 3.4% during the forecast period of 2020-2027.
the report further states that the growth of the japan nutrition chemicals market is driven by the increasing health awareness among the population, advancements in food processing technologies, and the rise in consumer preference for functional and fortified food products. form plays a crucial role in the nutrition chemicals market, as it determines the type of nutrients and their bioavailability. let's take a closer look at the revenue generated by different forms of nutrition chemicals in japan.
powder form dominated the japan nutrition chemicals market in 2019, with a revenue share of over 50%. this can be attributed to its widespread use in food and beverage products, as it is the most convenient and cost-effective form for fortification. powder form nutrition chemicals are widely used in products like milk powder, infant formula, and sports nutrition supplements, among others. as the demand for these products continues to grow in japan, the revenue from powder form nutrition chemicals is expected to witness steady growth in the coming years.
liquid form nutrition chemicals accounted for a significant share of the japan nutrition chemicals market in 2019, owing to their increased usage in functional drinks and beverages. the rising trend of health-consciousness and the demand for on-the-go nutrition drinks have fueled the growth of this segment. moreover, the liquid form allows for easier and faster absorption of nutrients, making it a popular choice among consumers. the revenue from this segment is expected to grow further due to the increasing demand for energy drinks and fortified juices.
solid form nutrition chemicals are also expected to witness steady growth during the forecast period, driven by the demand for fortified solid food products, such as bread, cereals, and snacks. these products are gaining popularity as people become more health-conscious and seek convenience in their dietary choices. the revenue from solid form nutrition chemicals is expected to grow as food manufacturers continue to introduce nutritionally enhanced versions of their products.
in conclusion, the different forms of nutrition chemicals play a crucial role in the japan nutrition chemicals market, and their revenue is expected to grow at a steady pace in the coming years. this growth is driven by the increased demand for nutritionally fortified food products and the advancements in food processing technologies that allow for better incorporation of these chemicals in various forms.