The mineral supplements market size is expected to see strong growth in the next few years. It will grow to $22.44 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 trends, increasing consumer demand for natural and organic products, rising disposable incomes in emerging markets, emphasis on transparent labeling and product traceability, and growing consumer interest in sustainability and ethical sourcing. Major trends in the forecast period include a rise in plant-based mineral supplements, the emergence of targeted mineral formulations for specific demographics, the adoption of novel delivery formats such as gummies and dissolvable tablets, the growth of personalized mineral supplement solutions tailored to individual needs, and increasing focus on evidence-based ingredients and scientific research.
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Scope Of Mineral Supplements Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Mineral Supplements Market Overview
Market Drivers –
Increased sports and fitness activities are expected to drive the mineral supplement market going forward. Sports and fitness activities encompass a range of physical pursuits aimed at improving health, physical condition, and athletic performance. The factors contributing to increased sports and fitness activities include growing awareness of health benefits, accessibility to healthy facilities, and societal emphasis on well-being. Mineral supplements complement a balanced diet and support the increased mineral needs of athletes and fitness enthusiasts engaged in intense or prolonged physical activity.. For instance, in February 2023, according to the Sports and Fitne=ss Industry Association (SFIA), a US-based non-profit organization, 77.6% of all Americans, or 236.9 million people, participated in at least one sports activity in the 2022 calendar year, which showed a 1.9% increase from 2021. Moreover, Pickleball has seen a significant rise in popularity. It remains the fastest-growing sport in America, with participation nearly doubling in 2022, increasing by 85.7% year-over-year and by an astonishing 158.6% over three years. Therefore, increased sports and fitness activities are driving the mineral supplements market.
Market Trends –
Companies operating in the mineral supplements market are focused on developing innovative oral nutrition supplements (ONS) to meet consumers’ evolving needs and preferences. Oral nutritional supplements, or oral liquid supplements, are dietary products designed to provide additional nutrients, energy, and calories to individuals who may have difficulty meeting their nutritional requirements. For instance, in May 2023, Arla Foods Ingredients, a Denmark-based ingredient supplier for infant nutrition, medical applications, and sports nutrition, introduced juice-style oral nutrition supplements (ONS), a new solution to increase the protein content for medical nutrition. Arla Foods Ingredients’ ONS juice-style beverages are a unique nutritional drink with 7% more protein without sacrificing taste or mouthfeel. It has Lacprodan BLG-100, which is a 100% pure beta-lactoglobulin with an excellent nutritional profile. Additionally, the new solution is fat-free, and using BLG-100 allows for very low viscosity and a stable product during its shelf life. Furthermore, it tastes less astringent than traditional ONS juice-style products and has a more pleasant texture, encouraging medical nutrition compliance.
The mineral supplements market covered in this report is segmented –
1) By Product: Calcium, Magnesium, Iron, Potassium, Zinc, Chromium, Selenium, Other Products
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 Application: General Health, Bone And Joint Health, Gastrointestinal Health, Immunity, Other Applications
5) By End Use: Adults, Geriatric, Pregnant Women, Children, Infants
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Regional Insights –
North America was the largest region in the mineral supplements market in 2023. The regions covered in the mineral supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the mineral supplements market are Cargill Incorporated, Nestlé S.A., Archer Daniels Midland Company, Pfizer Inc., BASF SE, Bayer AG, Sanofi SA, Abbott Laboratories, GlaxoSmithKline PLC, Otsuka Holdings Co. Ltd., DSM (Koninklijke DSM NV), Amway Corp., Glanbia plc., Orkla, Herbalife International of America Inc., GNC Holdings Inc., Kirkland Signature, Nature’s Way Products LLC, Atrium Innovations Inc., Omega Protein Corporation, NOW Health Group Inc., Ricola, Himalaya Wellness Company, Blackmores Limited, Vitabiotics Ltd., MegaFood, Bio Botanica Inc., Pharmavite LLC
Table of Contents
1. Executive Summary
2. Mineral Supplements Market Report Structure
3. Mineral Supplements Market Trends And Strategies
4. Mineral Supplements Market – Macro Economic Scenario
5. Mineral Supplements Market Size And Growth
…..
27. Mineral Supplements Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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