Essential Micronutrients Market Size Anticipated to Bolster At Strong Rate during Forecast Period 2022 to 2032

Business Industry Insights

Global Essential Micronutrients Market: Snapshot

Micronutrients including vitamins and micro-minerals such as cobalt, iron, copper, chromium, manganese, iodine, zinc, selenium are not required by the body in volumes but are rare enough to be missed on a regular and minute quantity and leads to various disorders. The sheer essentiality of micronutrients, particularly among the geriatrics, has emerged as a field of healthcare that are now gaining awareness on the back of incrementing percentage of elderly people across the world.

According to the German Research Center for Environmental Health, nearly half of individuals over 65 years of age show symptoms of lowered levels of vitamin D in the blood whereas more than one in four of these geriatrics suffer from the deficiency of vitamin B12. The research study had examined more than a thousand blood samples extracted from people aged between the range of 65 years to 93 years and focused on the levels of micronutrients including iron, Vitamin B12, and Vitamin D.

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Global Essential Micronutrients Market: Opportunity in Agriculture for Improving Productivity

Arable land depletion has recorded a significant pace on the back of intensive cropping, extensive chemical abuse on soil, robust mining of micronutrient reserves. Micronutrients are witnessing a surge in adoption in agricultural sector, as an effective means to enhance productivity and cater growing food demand. Rapid population growth, particularly in developing nations such as India and China has led the governments in these countries to develop new policies apropos food productivity acceleration.

Opportunities for improving productivity lie in the development and application of fertilizers enriched with lacking micronutrients, which in turn concurrently increases efficiency of fertilizers, thereby stimulating its uptake. This further helps in raising farm income through increased productivity, meanwhile slowing down the unabated current expansion of agriculture into natural ecosystems.

Robust Investments in Micronutrient Plants to Augur Well for the Market Growth

Leading players in the essential micronutrients market are making strategic investments for supporting their customers in food and agriculture sectors, and strengthening their leadership in the market. Such investments also underline their commitment to sustainability, and initiatives toward propelling agricultural yields, particularly in regions having poor soil conditions.

Akzo Nobel, in 2017, announced its plans of investing over 10 Mn in Sweden for expanding capacity of its chelated micronutrients, which seek extensive adoption as essential ingredients in agriculture. This project, located at Kvarntorp, caters to surging demand for micronutrients. The expansion primarily involves capacity addition for the high-performance iron chelates, which considerably helps in enhancing the agricultural productivity.

As insufficient iron intake leads to anemia, increases mortality in women & children, and retards brain development, proper supply of iron through food has become an imperative concern among the healthcare systems. As a response to this concern, researchers from the Laboratory of Biotechnology, ETH Zurich, have developed new type of genetically-modified (GM) rice, which contains multiple micronutrients, banking on the fact that rice is a key staple diet of a large population base globally.

Researchers have made improvements in the “Golden Rice”, a GM rice, which is now being employed in breeding programs across several countries such as Southeast Asian nations. The research results have further demonstrated successful combination of several essential micronutrients, such as beta carotene, zinc, and iron, in single rice plant to provide healthy nutrition.

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