North AmericaNutrition Chemicals Market , by Country 2018 - 2027, (Thousand Tons)
Synopsis
The above chart is North AmericaNutrition Chemicals Market , by Country 2018 - 2027, (Thousand Tons)
Market Dynamics
the demand for nutrition chemicals in north america has been on a steady rise in recent years. this trend is expected to continue over the forecast period, with a projected growth rate of approximately 4.5% from 2018 to 2027. as of 2017, the market demand in north america for nutrition chemicals was estimated at around 1200 thousand tons and is forecasted to reach 1900 thousand tons by 2027.
the demand for nutrition chemicals in north america is being driven by various factors, such as rising health consciousness and increasing awareness about the importance of a balanced diet. the region has one of the highest rates of obesity and chronic diseases, such as diabetes and cardiovascular diseases, which has led to a greater focus on improving diet and nutrition. this has resulted in an increased demand for nutrition chemicals to be used in various food and beverages, dietary supplements, and animal feed products.
the united states holds the largest market share in north america, accounting for over 75% of the total demand in 2017. the country has one of the highest expenditures on healthcare and a well-developed food and beverage industry, which has led to a high adoption of nutrition chemicals. the increasing demand for organic and functional foods in the us has also contributed to the growth of the nutrition chemicals market.
canada is the second largest market for nutrition chemicals in north america, with a growing demand for functional foods and dietary supplements. the country has a well-established agriculture industry, which provides a steady supply of raw materials for the production of nutrition chemicals. additionally, the canadian government's regulations for fortifying food products have further boosted the demand for nutrition chemicals in the country.
mexico, on the other hand, is expected to witness the highest growth rate over the forecast period. the country's growing population, increasing disposable income, and rising demand for healthy and organic products have led to a surge in the demand for nutrition chemicals. moreover, the government's focus on promoting domestic food production and improving food security is expected to create more opportunities for nutrition chemicals in the country.
in conclusion, the demand for nutrition chemicals in north america is being driven by various factors, such as increasing health consciousness, rising prevalence of chronic diseases, and government initiatives. with the growing demand for functional and fortified foods, the market for nutrition chemicals is expected to witness substantial growth in the region over the forecast period.