North America Nutrition Chemicals Market Revenue by Form, 2018 - 2027, (USD Million)
Synopsis
The above chart is North America Nutrition Chemicals Market Revenue by Form, 2018 - 2027, (USD Million)
Market Dynamics
the north america nutrition chemicals market has witnessed significant growth over the years, owing to the increasing demand for food and changing dietary patterns. nutrition chemicals play a crucial role in maintaining the nutritional value of food and improving the overall health of an individual. these chemicals are available in different forms, such as liquid, powder, and tablets, and can be added directly to food products or consumed as supplements.
in 2018, the north america nutrition chemicals market revenue by form was valued at usd 5.23 billion and is expected to reach usd 7.86 billion by 2027. this growth can be attributed to the rising awareness about the importance of proper nutrition and the increasing prevalence of chronic diseases, which has led to a significant demand for nutrition chemicals in the region. additionally, the food and beverage industry is also experiencing a shift towards healthier and fortified products, further driving the growth of the nutrition chemicals market.
liquid form of nutrition chemicals dominated the market in 2018, with a revenue share of over 50%. liquid nutrition chemicals are widely used in the food and beverage industry for fortifying and enhancing the nutritional value of products. they offer ease of handling and are highly soluble, making it convenient for manufacturers to add them to their products. moreover, the increasing demand for fortified beverages, such as sports drinks and energy drinks, has also contributed to the market share of liquid nutrition chemicals.
powder form of nutrition chemicals is also witnessing a steady growth in the north america region. they are easy to store, transport, and have a longer shelf life, making them a preferred form among manufacturers. additionally, the increasing demand for powdered nutrition supplements, especially in the sports and fitness industry, has further boosted the growth of this segment.
tablets form of nutrition chemicals is expected to witness high growth during the forecast period, owing to their convenience and ease of consumption. these tablets can be pre-packaged and consumed on-the-go, making them popular among consumers with busy lifestyles.
in conclusion, the north america nutrition chemicals market revenue by form is seeing significant growth, driven by the increasing demand for fortified and functional foods, growing health consciousness, and the rising prevalence of chronic diseases. the liquid form currently dominates the market, but with changing consumer preferences and advancements in technology, the market for powdered and tablet nutrition chemicals is also expected to see significant growth in the coming years.