Global Chromium(III) Picolinate Market Expected To Grow At 6.3% CAGR Over 2017-2021

Date: 2017-08-17

Chromium(III) picolinate is a pinkish-red compound. It is poorly soluble in water, having a solubility of 600 µM in water at near neutral pH. Similar to other chromium(III) compounds, it is relatively inert and unreactive, meaning that this complex is stable at ambient conditions and high temperatures are required to decompose the compound. At lower pH levels, the complex hydrolyzes to release picolinic acid and free Cr3+.

Chromium(III) picolinate becomes popular as being a nutritional supplement to treat type 2 diabetes and promote weight loss as the consequence of growing diabetes patients and rising body builders across the globe. This trend is estimated to driving the market, according to research, the global Chromium(III) Picolinate market is expected to grow at 6.3% CAGR over 2017-2021.

On the basis of application, the Chromium(III) Picolinate is widely used in Dietary Supplement, Pharmaceuticals, Feed Industry, Food Industry, Others, according to research, the Dietary Supplement accounted for the largest share of market, and is expected to maintain the trend for the forecast period.

Geographically, the Asia Pacific is expected to register a highest CAGR during the forecast, China has become the largest production base of Chromium(III) Picolinate in the world in terms of capacity and output due to cost advantages over Western industrial countries, so China Chromium Picolinate market has play an important role in global Chromium Picolinate market. 

Global top manufacturers operating in Chromium Picolinate market are Cayman Chemical Company, Wuhan Fortuna Chemical Co.,Ltd, Heibei Yanuo Chemical Industry Co., Ltd., Azide Chemical, Artec Chemical GroupResonance Specialties Limited, Sellwell(Group) Chemical Factory, Jinan QiLu ZhongMu Biotechnology Co., Ltd, Shenyang Haizhongtian Fine Chemical Factory, Salvi Chemical Industries Limited,Oceanic Laboratories Pvt. Ltd., Amsal Chem Private Limited, Weifang Sunwin Chemicals Co.,Ltd, HerbaKraft Inc. among others.

Global Chromium Picolinate market share by geography as following:

Read Full Report: http://www.gosreports.com/global-chromium-picolinate-market-research-report-2017/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 1-510-400-8520
Web: www.gosreports.com
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