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Micronutrients Market Size, Share, and Outlook, 2025 Report- By Type (Vitamins, Copper, Zinc, Molybdenum, Cobalt, Others), By Application (Fertilizer, Health Supplements, Others), By End-User (Agriculture, Food & Beverages, Pharmaceutical, Healthcare, Oth

Publisher VPA Research
Published Feb 10, 2025
Length 196 Pages
SKU # VPA19586438

Description

Micronutrients Market Outlook

Micronutrients Market Size is forecast to reach $9 Billion in 2032 from $5.1 Billion in 2025, at an optimistic growth rate of 8.5% from 2025 to 2032. The robust Micronutrients Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Micronutrients Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Type (Vitamins, Copper, Zinc, Molybdenum, Cobalt, Others), By Application (Fertilizer, Health Supplements, Others), By End-User (Agriculture, Food & Beverages, Pharmaceutical, Healthcare, Others). Over 70 tables and charts showcase findings from our latest survey report on Micronutrients Markets.

Micronutrients Market Insights, 2025: Micronutrients – Key Drivers and Opportunities

Micronutrients, essential vitamins and minerals required in small amounts by plants and animals, play a crucial role in enhancing health, crop yields, and overall productivity. In the agricultural sector, the increasing need for food security due to rising global populations is a major driver for the growth of micronutrients. As the demand for high-quality, nutrient-dense food rises, micronutrient supplementation in fertilizers ensures better crop health, growth, and productivity. Additionally, micronutrients play a vital role in animal feed to promote livestock growth and prevent deficiencies. The growth in the global food and beverage industry, particularly in functional foods and supplements, is also driving the demand for micronutrients as consumers increasingly seek products that support health and wellness.

Opportunities in the micronutrient market are expanding with the increasing adoption of precision farming techniques, which allow for more efficient and targeted application of fertilizers, including micronutrient-based fertilizers. This trend supports the reduction of environmental impact while enhancing agricultural productivity. In the nutraceutical and pharmaceutical sectors, there is significant growth potential due to the rising consumer awareness about the health benefits of micronutrients, especially in the form of dietary supplements. The growing trend of fortifying food and beverages with essential micronutrients to address public health concerns, such as vitamin deficiencies, presents another opportunity. Advances in micronutrient delivery systems, such as slow-release formulations, are poised to drive innovation in both agricultural and consumer health markets.

Five Trends that will define global Micronutrients Market in 2025 and Beyond

A closer look at the multi-million global market for Micronutrients Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Micronutrients Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Micronutrients Industry?

The Micronutrients Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Micronutrients Market Segment Insights

The Micronutrients Industry presents strong offers across categories. The analytical report offers forecasts of Micronutrients Industry performance across segments and countries. Key segments in the industry include- By Type (Vitamins, Copper, Zinc, Molybdenum, Cobalt, Others), By Application (Fertilizer, Health Supplements, Others), By End-User (Agriculture, Food & Beverages, Pharmaceutical, Healthcare, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Micronutrients Market size outlook is provided for 22 countries across these regions.

Micronutrients Industry Value Chain

The chapter identifies potential companies and their operations across the global Micronutrients Industry ecosystem. It assists decision-makers in evaluating global Micronutrients Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Micronutrients Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Micronutrients Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Micronutrients Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Micronutrients Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Micronutrients Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Micronutrients Market Insights- Executives are most excited about opportunities for the US Micronutrients Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Micronutrients Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Micronutrients Market.

Latin American Micronutrients Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Micronutrients Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Micronutrients Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Micronutrients Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Micronutrients Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include Agrium Inc (Nutrien Ltd), Akzo Nobel N.V., Areis Agro Ltd, BASF SE, Cheminova A/S, Coromandel International Ltd, Gujarat State Fertilizers & Chemicals Ltd, Tradecorp International, Valagro S.p.A., Yara International ASA.

Micronutrients Market Scope and Segmentation

By Type

Vitamins

Copper

Zinc

Molybdenum

Cobalt

Others

By Application

Fertilizer

Health Supplements

Others

By End-User

Agriculture

Food & Beverages

Pharmaceutical

Healthcare

Others

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Micronutrients Market Research-

Agrium Inc (Nutrien Ltd)

Akzo Nobel N.V.

Areis Agro Ltd

BASF SE

Cheminova A/S

Coromandel International Ltd

Gujarat State Fertilizers & Chemicals Ltd

Tradecorp International

Valagro S.p.A.

Yara International ASA

Reasons to Buy the report
  • Make informed decisions through long and short-term forecasts across 22 countries and segments.
  • Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
  • Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
  • Get an integrated understanding of the entire market ecosystem and companies.
  • Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
  • Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
  • Get free Excel spreadsheet and PPT versions along with the report PDF.

Table of Contents

196 Pages
1. Table of Contents
List of Figures and Tables
2. Executive Summary
2.1 Key Highlights
2.1.1 Micronutrients Market Size Outlook, 2018-2024 and 2025-2032
2.1.2 Largest Micronutrients Market Types and Applications
2.1.3 Fastest Growing Segments
2.1.4 Potential Markets
2.1.5 Market Concentration
2.2 Market Scope and Segmentation
2.2.1 Market Scope- Segments
2.2.2 Market Scope- Countries
2.2.3 Macroeconomic and Demographic Outlook
2.2.4 Abbreviations
2.2.5 Units and Currency Conversions
3. Research Methodology
3.1 Primary Research Surveys
3.2 Secondary Data Sources
3.3 Data Triangulation
3.4 Forecast Methodology
3.5 Assumptions and Limitations
4. Introduction to Global Micronutrients Market in 2025
4.1 Industry Panorama
4.2 Leading Companies Profiled in the Study
4.3 Asia Pacific Markets offer Robust Market Prospects for New Entrants
4.4 Market Dynamics
4.4.1 Market Dynamics- Trends and Drivers
4.4.2 Market Dynamics- Opportunities and Challenges
4.5 Regional Analysis
4.6 Porter’s Five Force Analysis
4.6.1 Intensity of Competitive Rivalry
4.6.2 Threat of New Entrants
4.6.3 Threat of Substitutes
4.6.4 Bargaining Power of Buyers
4.6.5 Bargaining Power of Suppliers
4.7 Micronutrients Industry Value Chain Analysis
4.7.1 Stage of Value Chain
4.7.2 Key Activities of Companies
4.7.3 Companies Included in Each Stage
4.7.4 Key Insights
5. Micronutrients Market Outlook to 2032
5.1 Market Size Forecast by Type, 2021-2024 and 2025-2032
5.2 Market Size Forecast by Application, 2021-2024 and 2024-2032
5.3 Market Size Forecast by Geography, 2021-2024 and 2024-2032
By Type
Vitamins
Copper
Zinc
Molybdenum
Cobalt
Others
By Application
Fertilizer
Health Supplements
Others
By End-User
Agriculture
Food & Beverages
Pharmaceutical
Healthcare
Others
6. Global Micronutrients Market Outlook across Growth Scenarios
6.1 Low Growth Scenario
6.2 Base/Reference Case
6.3 High Growth Scenario
6. North America Micronutrients Market Size Outlook
6.1 Key Market Statistics, 2024
6.2 North America Micronutrients Market Trends and Growth Opportunities
6.2.1 North America Micronutrients Market Outlook by Type
6.2.2 North America Micronutrients Market Outlook by Application
6.3 North America Micronutrients Market Outlook by Country
6.3.1 The US Micronutrients Market Outlook, 2021- 2032
6.3.2 Canada Micronutrients Market Outlook, 2021- 2032
6.3.3 Mexico Micronutrients Market Outlook, 2021- 2032
7. Europe Micronutrients Market Size Outlook
7.1 Key Market Statistics, 2024
7.2 Europe Micronutrients Market Trends and Growth Opportunities
7.2.1 Europe Micronutrients Market Outlook by Type
7.2.2 Europe Micronutrients Market Outlook by Application
7.3 Europe Micronutrients Market Outlook by Country
7.3.2 Germany Micronutrients Market Outlook, 2021- 2032
7.3.3 France Micronutrients Market Outlook, 2021- 2032
7.3.4 The UK Micronutrients Market Outlook, 2021- 2032
7.3.5 Spain Micronutrients Market Outlook, 2021- 2032
7.3.6 Italy Micronutrients Market Outlook, 2021- 2032
7.3.7 Russia Micronutrients Market Outlook, 2021- 2032
7.3.8 Rest of Europe Micronutrients Market Outlook, 2021- 2032
8. Asia Pacific Micronutrients Market Size Outlook
8.1 Key Market Statistics, 2024
8.2 Asia Pacific Micronutrients Market Trends and Growth Opportunities
8.2.1 Asia Pacific Micronutrients Market Outlook by Type
8.2.2 Asia Pacific Micronutrients Market Outlook by Application
8.3 Asia Pacific Micronutrients Market Outlook by Country
8.3.1 China Micronutrients Market Outlook, 2021- 2032
8.3.2 India Micronutrients Market Outlook, 2021- 2032
8.3.3 Japan Micronutrients Market Outlook, 2021- 2032
8.3.4 South Korea Micronutrients Market Outlook, 2021- 2032
8.3.5 Australia Micronutrients Market Outlook, 2021- 2032
8.3.6 South East Asia Micronutrients Market Outlook, 2021- 2032
8.3.7 Rest of Asia Pacific Micronutrients Market Outlook, 2021- 2032
9. South America Micronutrients Market Size Outlook
9.1 Key Market Statistics, 2024
9.2 South America Micronutrients Market Trends and Growth Opportunities
9.2.1 South America Micronutrients Market Outlook by Type
9.2.2 South America Micronutrients Market Outlook by Application
9.3 South America Micronutrients Market Outlook by Country
9.3.1 Brazil Micronutrients Market Outlook, 2021- 2032
9.3.2 Argentina Micronutrients Market Outlook, 2021- 2032
9.3.3 Rest of South and Central America Micronutrients Market Outlook, 2021- 2032
10. Middle East and Africa Micronutrients Market Size Outlook
10.1 Key Market Statistics, 2024
10.2 Middle East and Africa Micronutrients Market Trends and Growth Opportunities
10.2.1 Middle East and Africa Micronutrients Market Outlook by Type
10.2.2 Middle East and Africa Micronutrients Market Outlook by Application
10.3 Middle East and Africa Micronutrients Market Outlook by Country
10.3.1 Saudi Arabia Micronutrients Market Outlook, 2021- 2032
10.3.2 The UAE Micronutrients Market Outlook, 2021- 2032
10.3.3 Rest of Middle East Micronutrients Market Outlook, 2021- 2032
10.3.4 South Africa Micronutrients Market Outlook, 2021- 2032
10.3.5 Egypt Micronutrients Market Outlook, 2021- 2032
10.3.6 Rest of Africa Micronutrients Market Outlook, 2021- 2032
11. Company Profiles
11.1 Leading 10 Companies
Agrium Inc (Nutrien Ltd)
Akzo Nobel N.V.
Areis Agro Ltd
BASF SE
Cheminova A/S
Coromandel International Ltd
Gujarat State Fertilizers & Chemicals Ltd
Tradecorp International
Valagro S.p.A.
Yara International ASA
11.2 Overview
11.3 Products and Services
11.4 SWOT Profile
12. Appendix
12.1 Subscription Options
12.2 Customization Options
12.3 Publisher Details
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