Global Food Minerals market, which accrued revenue worth 1.9 (USD Billion) in 2019, is set to register humungous growth by 2026.
The global Food Minerals market, which accrued revenue worth 1.9 (USD Billion) in 2019, is set to register humungous growth by 2026. The report offers assessment and analysis of the Food Minerals market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
Minerals play a major role in primarily preventing heart ailments and cancer in people along with annihilating nutritional deficiency as well as chronic diseases. They are the inorganic materials that help the human beings in maintaining good health. Minerals such as calcium, zinc, and iron are the most prominently used minerals in foods as they assist in promoting health and reducing the ailments.
Market Growth Dynamics
Escalating demand for natural food-based minerals in nutraceuticals and pharmaceuticals will steer the growth of the food minerals industry over the forecasting years. Swift urbanization and growing health awareness among the consumers will promote the use of natural items in the countries like the U.S., China, Germany, India, and the UK, thereby driving the market trends. Rising customer focus on personal health problems including weight, stress management, and allergy will elevate the market expansion over the ensuing years.
Moreover, surge in the logistics analytics and upgradation of distribution channels like pharmacies, health stores, supermarkets, and web portals is favorably influence the food minerals industry over the estimated timespan. Apparently, food minerals possess anti-inflammatory and anti-oxidizing features. It helps in controlling high blood pressure and regulating insulin in individuals. Food minerals aids in improving eye health, memory, heart health, and reducing obesity. Apart from this, it helps in effectively treating problems pertaining to digestion, heart disorders, renal diseases, endocrinal issues, and muscoskeletal issues. Nonetheless, rise in the mineral extraction process costs will put brakes on the food minerals industry over the assessment period in the forthcoming years.
North America To Account Notably Towards Overall Market Size By 2026
The growth of the market in the North American sub-continent during 2020-2026 is credited to increase in the incidences of obesity and growing acceptance of healthy living in the countries like Canada and the U.S. In addition to this, escalating demand for mineral supplements due to health awareness has propped the product popularity in the region. Furthermore, growing end-user preference for minerals like magnesium, zinc, and calcium will create lucrative growth opportunities for the food minerals market in North America over the estimated period.
Key players influencing the market growth are Pharmaca, Solgar, Bee Health, Novartis, Youngevity, Bayer, and Rainbow Light.
The global food minerals market is segmented as follows:
Escalating demand for natural food-based minerals in nutraceuticals and pharmaceuticals will steer the growth of the food minerals industry over the forecasting years.
The market revenue was USD 1.9 billion in 2019.
North America will contribute remarkably towards the global market share over the estimated timeline.
Request the coronavirus impact analysis across industries and markets