Mineral Supplements Industry Overview
The global mineral supplements market size was valued at USD 13.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 2.4% from 2022 to 2030. Growing adoption of mineral supplements to manage chronic conditions due to the large percentage of the population suffering from chronic diseases such as cancer, osteoporosis, anemia, and osteoporosis is anticipated to drive the market. According to the International Osteoporosis Foundation statistics, in Canada, about 2 million people were suffering from osteoporosis in 2017.
Furthermore, the growing trend of adopting preventive health management practices due to the increasing prevalence of lifestyle diseases fuels the market growth. For instance, as per the data released by the WHO, diabetes caused 1.5 million deaths in 2019, out of which 48% of deaths occurred before the age of 70. The rising number of fitness clubs, along with growing awareness about healthy lifestyles, further propels the market growth.
Gather more insights about the market drivers, restraints, and growth of the Global Mineral Supplements Market
Growing adoption of a sedentary lifestyle, along with the increased intake of an unhealthy diet, has led to a rise in the number of people dealing with nutritional deficiencies. Different proportions of minerals are required for the proper functioning of the body. These mineral deficiencies can lead to different types of health issues such as fatigue, weak bones, and decreased immune system. As per the data of NutraIngredients-USA, iron deficiency is the most common among the population of the U.S. Furthermore, growing government initiatives to promote a healthy lifestyle further fuel the market growth.
In addition to the growing awareness regarding the benefits of mineral supplements, key market players are focusing on innovative product development and research of exotic ingredients. The growing trend of plant-based products further brings growth opportunities for the market. Moreover, in order to manage metabolic disorders, consumers are opting for personalized preventive products and services rather than opting for curative health management practices, thus positively impacting the market growth.
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Mineral Supplements Market Segmentation
Grand View Research, Inc. has segmented the global mineral supplements market on the basis of supplement and region:
Mineral Supplements Product Outlook (Revenue, USD Million, 2017 - 2030)
- Calcium
- Magnesium
- Iron
- Potassium
- Zinc
- Chromium
- Selenium
- Others
Mineral Supplements End-Use Outlook (Revenue, USD Million, 2017 - 2030)
- Adults
- Geriatric
- Pregnant Women
- Children
- Infants
Mineral Supplements Formulation Outlook (Revenue, USD Million, 2017 - 2030)
- Capsule
- Tablet
- Powder
- Liquid/Gel
- Others
Mineral Supplements Application Outlook (Revenue, USD Million, 2017 - 2030)
- General Health
- Bone & Joint Health
- Gastrointestinal Health
- Immunity
- Others
Mineral Supplements Sales Channel Outlook (Revenue, USD Million, 2017 - 2030)
- Pharmacies & Drug Stores
- Supermarkets & Hypermarkets
- Online Channels
Mineral Supplements Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Market Share Insights:
February 2022: Under the Nutrilite brand, Amway India introduced mineral supplements in gummies and jelly strips format. These products help maintain the body's immune system, bone health, and overall well-being.
December 2018: Nanova Tech, Inc. introduced Nano-Cal, a next-generation supplement, on its e-commerce website.
Key Companies profiled:
Some prominent players in the global Mineral Supplements market include
- Glanbia, plc.
- Abbott
- Nestle
- Biovea
- Herbalife International of America, Inc.
- Sanofi
- Amway
- Bayer AG
- Omega Protein Corporation
- Bio Botanica, Inc.
- Pharmavite LLC
- DSM
- Nu Skin
Order a free sample PDF of the Mineral Supplements Market Intelligence Study, published by Grand View Research.
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