Chromium Picolinate Market (8.5% CAGR): Global Size & Growth Analysis By Credence Research

SAN JOSE, Calif. - April 5, 2021 - PRLog -- Market Insights

The global Chromium Picolinate market generated revenue of around USD 10,140 million in 2020 and anticipated to grow at a CAGR of over 8.5% during the forecast period from 2021 to 2027 to reach around USD 18,065 million in 2027.

Chromium tripicolinate or Chromium picolinate is a mineral of chromium which is found in health or dietary supplements. It is a reddish pink colored powder that helps to maintain the healthy cholesterol level, stabilizes the level of blood sugar, and promotes weight loss. Chromium is generally present in food like grain bread, meat, fish, etc. in trace amounts. But there are still some chances of getting chromium deficiency due to rapidly changing lifestyle and changed eating habits, and therefore the consumption of chromium picolinate is one of the effective ways to attain the daily requirement of the chromium. Chromium picolinate is a compound which is easily absorbed by human body.

Key Trends in Global Chromium Picolinate Market

Rise in Obesity and Overweight

Obesity is a type of disease which involves an excessive amount of body fat. According to the data published in 2016 by WHO (World Health Organization), more than 1.9 billion adults i.e. 39% of the total adults aged 18 years and above were overweight. According to the same data, 650 million adults i.e. 13% of the total adults aged 18 years and above were obese. According to the data provided in 2019 by WHO (World Health Organization), about 38.2 million children aged under 5 years were either overweight or obese.  Chromium picolinate is used as a dietary supplement as the help in decreasing the craving of carbohydrate and also helps in fats and carbohydrates. This is anticipated to drive the chromium picolinate market.

To Understand How Covid-19 Impact Is Covered in This Report - https://www.credenceresearch.com/report/chromium-picolinate-market

Impact of COVID 19 on Global Chromium Picolinate Market

The rapid spread of the new coronavirus strain is vividly altering people's lives around the globe and this in turn affecting their consumption pattern. There are few — if any — industries that haven't been impacted in some way. Users' preferences and behaviors have likely shifted, and may be very different now than they were in 2019. In the COVID-19 situation, the demand for the chromium picolinate was affected due to the restrictions on trade and lockdown.
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