Chromium Picolinate Market By Type (Food Grade, Pharmaceutical Grade, Others) By End User (Dietary supplement Industry, Food and beverages Industry, Feed Industry, Nutraceutical Industry, Others)- Growth, Size, Share and Competitive Analysis 2015 – 2027
The Chromium Picolinate market is expected to cross-market value of USD 18,065 million in 2027, which was USD 10,140 million in 2020. The Chromium Picolinate market is poised to grow at a CAGR of over 8.5% during the forecast period.
Chromium picolinate is a chemical compound that mainly constitutes chromium minerals. Chromium picolinate is generally found in health supplements and is reddish pink in color. Chromium Picolinate is used as a chemical reagent in various manufacturing processes and for organic synthesis processes.
This report is titled “Global Chromium Picolinate Market,” published by Credence Research which provides a detailed and precise analysis of this industry.
Key Market Drivers and Restraints
The report on the chromium picolinate market covers a comprehensive analysis of the major factors, such as drivers, restraints, and opportunities, which affect the growth of the market globally. The analysis also helps to identify the key growth pockets of the market. The increase in awareness about the benefits of chromium picolinate, intake of dietary supplements and nutraceuticals, easy absorption of chromium picolinate by the body, increase in the prevalence of diabetes, and increase in obese and overweight population is expected to drive the market for chromium picolinate globally. However, the rise in preference for plant-based dietary supplements is affecting the growth of this chemical-based Dietary Supplement.
Impact of COVID 19
Chromium picolinate market growth was affected by the COVID-19 pandemic to a certain extent. However, the growing awareness about maintaining health during this pandemic, increasing concerns related to health issues, increase in obesity and overweight population, etc., are some of the reasons why the chromium picolinate market was not affected to a greater extent. However, regulations related to good transportation and lockdown in various countries affected the growth of the market in the COVID 19 situation.
Asia Pacific is expected to show a high CAGR in the global Chromium Picolinate market.
The global chromium picolinate market covers six regions and the major economies pertaining to these six regions. The report on the global chromium picolinate market published by Credence Research offers detailed insight into these six regions. North America is anticipated to dominate the global chromium picolinate market of six regions. The growing awareness about chromium picolinate, major manufacturing base, high use of dietary supplements, and the health-conscious population are anticipated to drive the growth of the North America Chromium picolinate market.
The Food Grade Segment dominates Global Chromium Picolinate Market
On the basis of grade, the chromium picolinate market is segmented into food grade, pharmaceutical grade, and others. The food grade segment is anticipated to dominate the Chromium Picolinate market owing to the increase in the use of chromium picolinate as a dietary supplement for weight management and rising awareness about weight management.
Dietary Supplement is anticipated to continue to dominate the global demand for Chromium Picolinate.
The Global Chromium Picolinate market is segmented based on applications such as dietary supplements, food, beverages, feed, nutraceuticals, and others. The dietary supplement segment is expected to dominate the Chromium Picolinate market in the forecast period owing to the increased awareness about the importance of good health and staying fit. Dietary Supplement plays an important role in maintaining good health by providing the amount of Supplement required by the body for proper metabolism. This benefit of dietary Supplements drives its segment.
Frequently asked questions about global Chromium Picolinate industry
The report offers in-depth consequences of COVID 19 on global Chromium Picolinate industry
This report enlists the top five players on the basis of volume as well as revenue
This report provides details of fastest growing application market for Chromium Picolinate industry
The report highlights most dominating as well as fastest growing economies for Chromium Picolinate industry
The global Chromium Picolinate market report provide CAGR from 2021 to 2027
