The Therapeutic Nutrients And Minerals by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Therapeutic Nutrients And Minerals, The therapeutic nutrients & minerals market size has grown strongly in recent years. It will grow from $67.64 billion in 2023 to $73.08 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to growing health awareness and preventive healthcare, aging population and wellness concerns, rising incidence of lifestyle-related diseases, healthcare professional recommendations, nutritional deficiencies and dietary gaps..
The therapeutic nutrients & minerals market size is expected to see strong growth in the next few years. It will grow to $99.22 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to personalized nutrition and customized supplements, wellness and immune system support, e-commerce and direct-to-consumer channels, plant-based and natural ingredient preferences, regulatory emphasis on health claims and labeling.. Major trends in the forecast period include collaborations in the pharmaceutical industry, demand for trace minerals and micronutrients, focus on mental health and cognitive function, adoption of sustainable and ethical sourcing, integration of technology in nutrient delivery..
The increasing demand of functional foods is expected to propel the growth of therapeutic nutrients and minerals market going forward. Functional foods refer to food products that offer health benefits beyond basic nutrition. These foods are formulated to provide additional positive effects on health by promoting optimal physiological functions and reducing the risk of chronic diseases. Functional foods, enriched with therapeutic nutrients and minerals, offer targeted health advantages, driving their popularity among health-conscious individuals. For instance, according to the Institute of Food Technologists (IFT), a US-based non-profit scientific society, the sales of functional foods and beverages in the United States reached $83 billion in 2021, a 6.8% increase over 2020. Therefore, the increasing demand of functional foods is driving the growth of the therapeutic nutrients and minerals market.
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The therapeutic nutrients and minerals market covered in this report is segmented –
1) By Type: Multivitamins, Calcium, Supplements, Other Types
2) By Formulation: Capsule, Tablet, Powder, Liquid Or Gel, Other Formulations
3) By Sales Channel : Pharmacies And Drug Stores, Supermarkets And Hypermarkets, Online Channels
4) By End User: Adults, Geriatric, Pregnant Women, Children, Infants
Technological advancements are a key trend gaining popularity in the therapeutic nutrients and minerals market. Major companies operating in the therapeutic nutrients and minerals market are introducing new technologies to develop innovative products and sustain their position in the market. For instance, in March 2022, Prodalim Resources Ltd., a Netherlands-based food and beverage service company, launched the Capsoil FoodTech platform. The platform features the next generation of self-emulsified powder technology to convert bioactive oil compounds, including nutritional oils, fat-soluble vitamins, and lipid-based nutrients, into easily soluble powders.
The therapeutic nutrients and minerals market report table of contents includes:
1. Executive Summary
2. Therapeutic Nutrients And Minerals Market Characteristics
3. Therapeutic Nutrients And Minerals Market Trends And Strategies
4. Therapeutic Nutrients And Minerals Market – Macro Economic Scenario
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31. Global Therapeutic Nutrients And Minerals Market Competitive Benchmarking
32. Global Therapeutic Nutrients And Minerals Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Therapeutic Nutrients And Minerals Market
34. Therapeutic Nutrients And Minerals Market Future Outlook and Potential Analysis
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