Global Micronutrients Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Vitamins, Copper, Zinc, Molybdenum, Cobalt, and Others.

By Application;

Fertilizer, Health Supplements, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn778233090 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Micronutrients Market (USD Million), 2021 - 2031

In the year 2024, the Global Micronutrients Market was valued at USD 8604.82 million. The size of this market is expected to increase to USD 13817.46 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.0%.

The global market for micronutrients has experienced robust growth driven by increasing awareness of their essential role in maintaining health and preventing diseases. Micronutrients, including vitamins and minerals such as vitamin A, iron, zinc, and iodine, are critical for various physiological functions, ranging from immune system support to cognitive development and energy metabolism. These essential nutrients are typically required in small quantities but play significant roles in overall well-being, making them integral components of dietary supplements, fortified foods, and pharmaceutical formulations.

One of the primary drivers of growth in the micronutrients market is the rising prevalence of micronutrient deficiencies worldwide. Despite advances in food production and distribution, many populations still suffer from inadequate intake of essential vitamins and minerals, leading to a range of health issues, including impaired growth in children, increased susceptibility to infections, and maternal health complications. Governments, international organizations, and healthcare providers are increasingly emphasizing the importance of addressing these deficiencies through supplementation and food fortification programs, driving demand for micronutrient products.

Technological advancements in manufacturing processes and formulation techniques have also contributed significantly to market expansion. Innovations in micronutrient encapsulation, bioavailability enhancement, and controlled release systems have improved the efficacy and consumer acceptance of nutritional supplements. These innovations have enabled the development of diverse product offerings tailored to specific age groups, health conditions, and dietary preferences, thereby broadening the market appeal and accessibility of micronutrients globally.

Shifting consumer lifestyles and dietary patterns, particularly in urbanized regions, have fueled the demand for convenient and functional foods fortified with micronutrients. Busy lifestyles and a preference for on-the-go nutrition have driven the popularity of supplements and fortified products that provide a quick and reliable source of essential nutrients. Additionally, increasing disposable incomes and growing health consciousness among consumers have supported market growth, as individuals invest more in preventive healthcare and wellness products, including micronutrient supplements.

The global micronutrients market is poised for continued expansion, driven by ongoing research into the health benefits of micronutrients, advancements in delivery technologies, and expanding applications across diverse industries. The convergence of nutrition science, technological innovation, and regulatory support is expected to further accelerate market growth, offering opportunities for stakeholders to innovate, collaborate, and address global health challenges related to malnutrition and chronic diseases effectively.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Micronutrients Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing awareness of nutritional deficiencies
        2. Growth in preventive healthcare practices
        3. Technological advancements in formulation and delivery
        4. Rising demand for fortified and functional foods
      2. Restraints
        1. Regulatory challenges and varying standards
        2. Concerns about product safety and efficacy
        3. High research and development costs
        4. Limited consumer awareness in developing regions
      3. Opportunities
        1. Expansion into emerging markets
        2. Innovations in micronutrient delivery systems
        3. Collaborations and strategic partnerships
        4. Growing focus on personalized nutrition
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Micronutrients Market, By Type, 2021- 2031(USD Million)
      1. Vitamins
      2. Copper
      3. Zinc
      4. Molybdenum
      5. Cobalt
      6. Others
    2. Global Micronutrients Market, By Application, 2021 - 2031 (USD Million)
      1. Fertilizer
      2. Health Supplements
      3. Others
    3. Global Micronutrients Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Agrium
      2. Coromandel International
      3. Areis Agro
      4. Yara International
      5. Gujarat State Fertilizer & Chemicals
      6. Valagro
      7. BASF SE
      8. Tradecorp International
      9. AkzoNobel
      10. Cheminova
  7. Analyst Views
  8. Future Outlook of the Market