A report by ARC estimated that the minerals supplements market will surpass $19.2 billion by 2026, representing an average annual growth rate of 7.5 percent from 2019 to 2026. The report provides analysis of global Mineral Supplements market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
The supplements industry has been constantly expanding since the previous few years, with increasing customer preference for preventive health care. Mineral supplements assist individuals of all ages to live a good life, avoiding disorders of dietary deficit.
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A dietary supplement comprised of a mixture of vitamins and minerals, also known as multivitamins. The demand for multivitamins increases because people take these supplements as a preventive measure against various illnesses to preserve excellent health. Furthermore, for unique reasons to increase efficiency, power, and encourage immunity, companies include certain herbal components alongside multivitamins. While safety concerns regarding commercially accessible supplements are of concern, manufacturers need to guarantee that the supplements fulfill requirements for quality and are in accordance with existing excellent production practices.
The growth in geriatric populations, increased customer consciousness, increasing self-directed customers, rising maternal mortality in underdeveloped countries, and progress in food supplement goods are the main drivers of the development of the worldwide market in mineral supplements. The absence of knowledge of dosages and appropriate regulators would however impede the development of the industry. In addition, untapped markets, e-commerce development and private label entry would generate potential development in the coming years.
The increased demand for sports food is anticipated to play a vital part in encouraging the use of North America’s products, given the growing significance of the active lifestyle and the increasing knowledge of the advantages of protein intakes. Moreover, increasing awareness of the consumption of protein is also anticipated to boost demand in developing countries including the USA and Canada to maintain muscle mass and maintain optimal nutrition levels for middle-aged adolescents.
A growing awareness of nutrient enrichment will stay an advantageous factor for Asia Pacific in China and India. Regulatory assistance for promoting investment and government projects are also anticipated to increase local demand in developing areas such as India, Indonesia, China and Malaysia.
In developing areas, such as Germany and the United Kingdom, increasing protein intake in Europe. The use of amino acids for food supplement manufacturing over the forecast period is anticipated to be encouraged. Moreover, rising multivitamin sales, especially vitamin B and vitamin C, are anticipated to have a powerful effect on developed markets in the near future, given their growing acceptance by working experts and body builders.
Pills, tablets, capsule, granule, gel capsule, powder and fluid can be used to consume mineral supplements. This convenient alternative to other standard medicines is adopted by a big amount of customers because of their busy lifestyle. The iron and calcium intakes of pregnant females are advisable during pregnancy. This also leads to a continuous increase in the demand from pregnant females. In addition, the aging population is often confronted with bone problems, weakness, loss of appetite, weakening of the digestive system, bad vision and a lack of minerals. Another main factor that drives demand for mineral supplements on a worldwide scale is the growth of lifestyle disorders. In the last few years, the use of supplements has increased. Inadequate regulatory norms, however, prohibit any legislative body interfering and leave producers with the validity of mineral complements. This can impair market growth during the forecast period without a quality control. Another factor which will further limit the penetration of the market is improper labeling.
Key Players & Strategies
Some of the leading companies in the global market for mineral supplements, include Koninklijke DSM N.V., E. I. du Pont de Nemours and Company, BASF SE, Glanbia Plc., Nu Skin Enterprises, Inc., and Bayer AG. A few other notable players are Amway, Atrium Innovations Inc., and Herbalife, Ltd.
Market Segment Analysis:
Acumen Research report focuses on market attractiveness by assessing the key market segments. The report also combines region-wise segments for a better understanding of the supply and demand ratio of the global minerals supplements market. This exclusive study of the report analyzes the present and future market scenario and the industry trends that are influencing the growth of the segments. Besides, the report also covers the value chain analysis, supply chain analysis, and year-on-year basis analysis of the global minerals supplements market.
Global Mineral Supplements Market, By Application
- Food and beverages
Global Mineral Supplements Market, By End Use
- Adult Women
- Adult Men
- Senior Citizens
Market Regional Analysis:
Based on the regions, the global minerals supplements market is segmented into -North America (US and Canada), Europe (UK, Germany, France, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific), Latin America (Mexico, Brazil and Rest of Latin America), Middle East & Africa (GCC, South Africa and Rest of MEA)
The market research study on “Mineral Supplements Market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026” offers detailed insights on global Mineral Supplements market segments with market dynamics and their impact. The report also covers basic technology development policies.
It offers an assessment of the recent industry trends for each sub-segment between 2015 and 2026, and anticipates income development at worldwide, regional and nation levels. For this research, on the grounds of the application, end use and region ARC segmenteted the worldwide mineral supplement market report:
TABLE OF CONTENT
CHAPTER 1. INDUSTRY OVERVIEW
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
CHAPTER 4. MINERAL SUPPLEMENTS MARKET BY APPLICATION
CHAPTER 5. MINERAL SUPPLEMENTS MARKET BY END USE
CHAPTER 6. NORTH AMERICA MINERAL SUPPLEMENTS MARKET BY COUNTRY
CHAPTER 7. EUROPE MINERAL SUPPLEMENTS MARKET BY COUNTRY
CHAPTER 8. ASIA-PACIFIC MINERAL SUPPLEMENTS MARKET BY COUNTRY
CHAPTER 9. LATIN AMERICA MINERAL SUPPLEMENTS MARKET BY COUNTRY
CHAPTER 10. MIDDLE EAST MINERAL SUPPLEMENTS MARKET BY COUNTRY
CHAPTER 11. AFRICA MINERAL SUPPLEMENTS MARKET BY COUNTRY
CHAPTER 12. COMPANY PROFILE
CHAPTER 13. RESEARCH APPROACH
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