Overview and Scope
Therapeutic nutrients and minerals refer to vitamins, minerals, and other nutrients that are used to support overall health and treat specific health conditions. They are used to provide substances that are not taken in through the diet.
Sizing and Forecast
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.
To access more details regarding this report, visit the link:
Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the therapeutic nutrients and minerals market in 2023. North America is expected to be the fastest-growing region in the therapeutic nutrients and minerals market report during the forecast period. The regions covered in the therapeutic nutrients and minerals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9768&type=smp
Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the therapeutic nutrients and minerals market are developing new catch-up growth products to gain a competitive edge in the market. Catch-up growth products typically refer to nutritional supplements or foods designed to support individuals, especially children, who have experienced growth delays or are undernourished. For instance, in September 2021, Abbott Laboratories, a US-based medical device company, launched the new PediaSure in India. This enhanced formulation includes arginine and natural vitamin K2, essential nutrients scientifically designed to support catch-up growth in children. With 37 growth nutrients, PediaSure aims to provide complete and balanced nutrition, promoting longer and stronger bones to unlock the growth potential in children.
The therapeutic nutrients and minerals market report table of contents includes:
- Executive Summary
- Therapeutic Nutrients And Minerals Market Characteristics
- Therapeutic Nutrients And Minerals Market Trends And Strategies
- Therapeutic Nutrients And Minerals Market – Macro Economic Scenario
- Global Therapeutic Nutrients And Minerals Market Size and Growth
- Therapeutic Nutrients And Minerals Market Segmentation
- Therapeutic Nutrients And Minerals Market Regional And Country Analysis
……………
- Key Mergers And Acquisitions In The Therapeutic Nutrients And Minerals Market
- Therapeutic Nutrients And Minerals Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Therapeutic Nutrients And Minerals Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Therapeutic Nutrients And Minerals Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Therapeutic Nutrients And Minerals Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……………
Table 75: Glanbia plc Financial Performance
Table 76: Herbalife Nutrition Ltd. Financial Performance
Table 77: Bayer AG Financial Performance
Table 78: Abbott Laboratories Financial Performance
Table 79: Nu Skin Enterprises Inc. Financial Performance
Explore the trending research reports from TBRC:
https://goodprnews.com/ready-to-drink-tea-and-coffee-market-growth/
https://topprnews.com/remote-towers-market-size-2/
Learn About Us:
The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
