The Chromium Picolinate Market is likely to be valued at USD 12.5 billion in 2023. The chromium picolinate market is expected to reach USD 28.5 billion by 2033. The chromium picolinate market revenue will continue to expand at a CAGR of 8.6%.
Increasing awareness among people on the importance of a healthy lifestyle and personal well-being is estimated to generate promising business prospects in the global chromium picolinate market during the forecast period of 2022 to 2033. Chromium picolinate is a dietary supplement that contains the essential mineral chromium. It is often used for various health and wellness purposes
The fitness and sports nutrition industry has been experiencing significant growth, contributing to the demand for chromium picolinate. Ongoing research into the potential health benefits of chromium picolinate and innovations in product formulations have contributed to the development of new products in the market.
| Attributes | Key Insights |
|---|---|
| Chromium Picolinate Market Estimated Size in 2023 | USD 12.5 billion |
| Projected Market Value in 2033 | USD 28.5 billion |
| Value-based CAGR from 2023 to 2033 | 8.6% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
A study by FMI found that a 7.0% CAGR was experienced between 2018 and 2022 in the chromium picolinate market. Global demand for chromium picolinate is predicted to increase at a CAGR of 8.6% from 2023 to 2033.
Chromium picolinate is a mineral that is generally found in most health and dietary supplements. It is also known as chromium tri picolinate, a pink to reddish color powder that is naturally present in minimal amounts in food items such as grain bread, meat, fish, and others.
Chromium is a vital mineral for the human body. The growing prevalence of chromium deficiency due to the rise in poor eating habits and changing lifestyles are demand for chromium picolinate in the global market.
The increasing demand for natural and plant-based alternatives to synthetic supplements, chromium picolinate, derived from chromium and picolinic acid, is gaining traction as it is perceived natural origins.
Some regulatory bodies in various regions have recognized chromium picolinate as a safe dietary supplement ingredient, which has contributed to its acceptance and availability in the market. Prominent market players are focusing on innovative product diversification, tapping into the evolving health and wellness trends.
| Historical CAGR from 2018 to 2022 | 7.0% |
|---|---|
| Forecast CAGR from 2023 to 2033 | 8.6% |
Principal Consultant
The below table showcases revenues in terms of the top 5 leading countries, spearheaded by China and India. Through 2033, these two countries will dominate the market, with a combined size of USD 8.7 billion and USD 6.9 billion.
Expected Market Values in 2033
| Germany | USD 8.5 billion |
|---|---|
| India | USD 6.9 billion |
| United States | USD 9.5 billion |
| China | USD 8.7 billion |
| United Kingdom | USD 8.8 billion |
Forecast CAGRs from 2023 to 2033
| Germany | 8.3% |
|---|---|
| India | 8.0% |
| United States | 8.5% |
| China | 8.2% |
| United Kingdom | 8.4% |
According to estimates, the United States will lead the market with USD 9.5 billion by the end of 2033 and a CAGR of 8.5%.
Increasing consumption of chocolates, sweet beverages, confectioneries, and others in countries such as the United States, a substantial rise in the prevalence of diabetes is being witnessed across the country.
Increasingly research on the potential benefits of chromium picolinate in improving insulin sensitivity and blood sugar control has garnered attention in the United States, especially among individuals with diabetes or those at risk of developing the condition.
The Centers for Disease Control and Prevention estimates that more than 130 million adults in the United States are living with diabetes or prediabetes. More than 37 million people in the United States have diabetes.
As chromium picolinate assists in enhancing the levels of insulin and maintaining a healthy blood glucose level, it is increasingly used in the production of medications, tablets, and supplements for diabetic patients. The rising burden of diabetes is favoring the growth in the United States market.
The United Kingdom has one of the largest markets for dietary supplements in the world and has a significant demand for dietary supplements due to its health-conscious population. Increased consumer interest in dietary supplements, including those containing chromium picolinate, as they seek ways to support their overall health and well-being.
Consumers in the United Kingdom have shown a continued interest in weight management and fitness programs driving the growth of chromium picolinate sales as chromium picolinate has been marketed as a supplement that may aid in weight management and improving body composition.
The products containing chromium picolinate have gained popularity among individuals in the country looking to support their fitness and weight loss goals. Strict regulatory oversight by the Medicines and Healthcare Products Regulatory Agency (MHRA) ensured product quality & safety and boosted the market demand.
From 2023 to 2033, the chromium picolinate market in the United Kingdom is anticipated to rise at an 8.4% CAGR. By the end of the said forecast period, a valuation of USD 8.8 billion is expected.
Chromium Picolinate trends in China are taking a turn for the better. An 8.2% CAGR is forecast for the country from 2023 to 2033. By the end of this forecast period, China's chromium picolinate market is likely to total USD 8.7 billion.
China has experienced a growing interest in health and wellness. Consumers in the country have become increasingly conscious of their dietary choices and are seeking products that may support their health and well-being, including dietary supplements like chromium picolinate.
Increased health and wellness movement in China, with a focus on preventive health and natural solutions, has bolstered the demand for dietary supplements like chromium picolinate.
The Chromium picolinate market in India is expected to reach a value of USD 6.9 billion. The market in India is poised to expand at a CAGR of 8.0% through 2033.
The chromium picolinate market in India is experiencing rapid growth owing to the country's expanding middle-class population and increasing disposable incomes. This growth is driven by the rising health awareness among the population.
The rapidly changing consumer preferences, regulatory developments, and economic conditions can impact the chromium picolinate market in India.
The growth of e-commerce has made it easier for consumers in India to access a wide range of dietary supplements, including chromium picolinate products, from various manufacturers and retailers.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
According to market forecasts, pharmaceutical grade is predicted to dominate until 2033, growing at a CAGR of 8.5%. The dietary supplements application is expected to expand at a CAGR of 8.4% during the forecast period.
| Category | CAGR from 2023 to 2033 |
|---|---|
| Pharmaceutical grade | 8.5% |
| Dietary Supplement industry | 8.4% |
Based on grade the chromium picolinate market is divided into food-grade pharmaceutical grade and another grade segment. The pharmaceutical-grade segment is expected to expand with a CAGR of 8.5% from 2023 to 2033.
The pharmaceutical grade segment dominates the market in terms of way of form owing to their broad use in the pharmaceutical sector, particularly in various supplements. It is also commonly utilized in sports and fitness supplements. It's thought to enhance insulin's action, which could potentially support muscle growth and recovery.
Chromium picolinate has been studied as a potential supplement for women with PCOS, a condition associated with insulin resistance. It may help improve insulin sensitivity in these individuals.
By end-use, dietary supplements are expected to dominate the market in the near future. A growth rate of 8.4% is projected from 2023 to 2033.
Chromium picolinate is commonly used in dietary supplements for various health and wellness purposes. It is one of the most popular forms of chromium used in supplements due to its potential bioavailability and efficacy. The increasing consumption of various dietary supplements by the health-conscious and aging population fuels the segmental demand.
Chromium picolinate is often included in dietary supplements designed to help regulate blood sugar levels. It is believed to enhance insulin sensitivity, which can be beneficial for individuals with type 2 diabetes or those at risk of developing insulin resistance.
Chromium picolinate is widely marketed as a supplement for weight management. It may help reduce food cravings, especially for sugary and carbohydrate-rich foods, and promote fat loss while preserving lean muscle mass.
Some of the leading players in the chromium picolinate market are Amsal Chem Private Limited, Merck KGaA, Mubychem Group, Celtic Chemicals Ltd., Resonance Specialities Ltd., Yihan Industrial Co., Ltd., Sellwell (Group) Chemical Factory, Cambridge Commodities Limited, Chemlock Metals Corporation, Oceanic Laboratories Pvt. Ltd., Anmol Chemicals Group, Salvi Chemical Industries Ltd., and others.
Leading participants in the market are focusing on adopting capacity expansion, collaboration, mergers, and acquisition strategies to gain an edge in the highly competitive market
| Attributes | Details |
|---|---|
| Estimated Market Size in 2023 | USD 12.5 billion |
| Projected Market Valuation in 2033 | USD 28.5 billion |
| Value-based CAGR 2023 to 2033 | 8.6% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value in USD billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; East Asia; South Asia & Pacific; The Middle East and Africa |
| Key Market Segments Covered | Grade, End Use, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Amsal Chem Private Limited; Merck KGaA; Mubychem Group; Celtic Chemicals Ltd.; Resonance Specialities Ltd.; Yihan Industrial Co., Ltd.; Sellwell (Group) Chemical Factory; Cambridge Commodities Limited; Chemlock Metals Corporation; Oceanic Laboratories Pvt. Ltd.; Anmol Chemicals Group; Salvi Chemical Industries Ltd. |
In 2023, the chromium picolinate market will reach USD 12.5 billion.
From 2023 to 2033, a CAGR of 8.6% is expected for the chromium picolinate market.
By 2033, the market is expected to reach a valuation of USD 28.5 billion.
From 2018 to 2022, chromium picolinate sales rose at a 7% CAGR.
The United States is expected to generate USD 9.5 billion in value in 2023.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Grade 5.1. Food Grade 5.2. Pharmaceutical Grade 5.3. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 6.1. Food & Beverage Industry 6.2. Dietary Supplement Industry 6.3. Nutraceutical Industry 6.4. Pharmaceutical Industry 6.5. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Amsal Chem Private Limited 17.2. Merck KGaA 17.3. Mubychem Group 17.4. Celtic Chemicals Ltd. 17.5. Resonance Specialities Ltd. 17.6. Yihan Industrial Co., Ltd. 17.7. Sellwell (Group) Chemical Factory 17.8. Cambridge Commodities Limited 17.9. Chemlock Metals Corporation 17.10. Oceanic Laboratories Pvt. Ltd. 17.11. Anmol Chemicals Group 17.12. Salvi Chemical Industries Ltd. 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Food and Beverage Insights
View Reports
Chromium Picolinate Market
