Global Mineral Supplements Market is Likely to Grow at a CAGR Value of 2.10% by 2028

The global mineral supplements market size was worth USD 13.1 billion in 2021 and is estimated to grow to USD 14.8 billion by 2028, with a compound annual growth rate (CAGR) of approximately 2.10% over the forecast period. The report analyzes the mineral supplements market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the mineral supplements market.

Mineral supplements are a mixture of minerals, vitamins, and other components. Minerals are classed as macro minerals, commonly known as electrolytes or trace minerals. Furthermore, minerals are classified into two types: major minerals and trace minerals. Major minerals are those that are used and stored in large amounts in the body, such as calcium, chloride, magnesium, sodium, phosphorus, potassium, and sulphur. The global market for mineral supplements is being pushed by urbanization, an aging population, and a growing awareness of preventive health care. Owing to the rise in demand for mineral supplements, the global mineral supplements market is estimated to grow at a CAGR of 2.10% during the forecast period.

The rising geriatric population is a critical component driving market growth, as is increased awareness about preventative healthcare and an increase in the prevalence of diseases such as cancer and diabetes, among other factors driving the global mineral supplements market. Furthermore, an increase in market research and development efforts, as well as technology developments and modernization in healthcare procedures, will generate chances for the mineral supplements market throughout the anticipated period. However, an increase in the availability of fake products, a lack of quality control, and inadequate labelling are among the primary issues acting as barriers and will further challenge the growth of the mineral supplements market.

The global mineral supplements market is segregated based on application, product, end-user, and region. Based on application, the market is divided into pharmaceuticals, food & beverages, and others. Among these, the pharmaceuticals segment dominated the market in 2021. Based on product, the market is divided into calcium, magnesium, iron, potassium, zinc, chromium, selenium, and others. Among these, the calcium segment dominates the market, and accounted for a revenue share of over 25.0% in 2021. Based on the end-user, the market is divided into adult women, adult men, senior citizens, and others. Over the forecast period, the women segment is expected to develop at the fastest rate in 2021.

North America is expected to dominate the global mineral supplements market during the forecast period, linked to increased healthcare knowledge and growth in disposable income, which drives consumers to invest more in healthcare and wellness. The growing demand for mineral supplements in the United States is expected to boost the expansion of the North American market. According to the Centers for Disease Control and Prevention (CDC), nutritional supplements are regularly used by adults in the United States. Dietary supplements are widely available to consumers in the U.S., and the National Nutrition Monitoring System plays a critical role in tracking supplement usage over time. Over the forecast period, the Asia Pacific regional market is expected to grow significantly. The rising prevalence of vitamin and mineral deficiencies among Asian customers is projected to increase the product's sales. Rapid urbanization, rising disposable income, and rising awareness of the significance of a healthy diet and vitamin & mineral intake are some of the predicted positive aspects of the market expansion in the Asia Pacific.

Key players in the global mineral supplements market include Glanbia Plc., Nu Skin Enterprises, Inc., E. I. du Pont de Nemours and Company, NBTY, Inc., Koninklijke DSM N.V., Amway and Herbalife, Ltd., BASF SE, Bayer AG, Atrium Innovations Inc. and Other.

Recent Development:

• In February 2022, mineral supplements in the shape of candies and jelly strips were first made available by Amway India under the Nutrilite brand. These goods support the body's immune system, bone health, and general wellness.
• In August 2020, Daiichi Sankyo was purchased by American Regent Inc. for an undisclosed sum. This U.S. company makes pharmaceuticals for human and veterinary use at facilities in New York and Ohio. This acquisition boosts American Regent's output and allows the company to investigate producing other goods, enabling it to keep coming up with creative ways to meet customer demands. A pharmaceutical business having its corporate roots in Japan is called Daiichi Sankyo.

Browse the full “Mineral Supplements Market By Application (Pharmaceuticals, Food & Beverages, and Others), By Product (Calcium, Magnesium, Iron, Potassium, Zinc, Chromium, Selenium, and Others), By End-user (Adult Women, Adult Men, Senior Citizens, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/mineral-supplements-market

Global Mineral Supplements market is segmented as follows:

By Application 

• Pharmaceuticals
• Food and Beverages
• Others

By Product         

• Calcium
• Magnesium
• Iron
• Potassium
• Zinc
• Chromium
• Selenium
• Others

By End-User

• Adult Women
• Adult Men
• Senior Citizens
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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