According to the report by Expert Market Research (EMR), the global mineral supplements market size is projected to grow at a CAGR of 5.2% between 2024 and 2032. Aided by the escalating demand for health supplements and a burgeoning awareness of mineral deficiencies, the market is expected to grow significantly by 2032.
Mineral supplements are vital for maintaining optimum health and filling nutritional gaps in the human diet. These supplements, which include calcium, magnesium, iron, and zinc, play critical roles in various physiological processes such as bone health, immune function, and energy metabolism.
The mineral supplements market growth trajectory is largely attributed to the heightened awareness of health and wellness. With rising health consciousness, individuals are increasingly gravitating towards supplementing their diets with essential minerals. This trend is particularly prominent among ageing populations, who are more prone to mineral deficiencies and chronic health conditions.
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Additionally, the escalating prevalence of lifestyle-related disorders, such as osteoporosis and anaemia, has underscored the necessity of mineral supplementation in preventive healthcare. This factor acts as a pivotal driver, further propelling the global mineral supplements market demand. The sports and fitness sector stands as a significant contributor to the market’s growth. With a growing emphasis on physical fitness and athletic performance, there is a surge in the demand for mineral supplements among athletes and fitness enthusiasts. These supplements are crucial for muscle function, hydration, and recovery, making them indispensable in sports nutrition.
Moreover, the increasing prevalence of dietary restrictions and the shift towards plant-based diets have amplified the need for mineral supplementation. As per the mineral supplements market analysis, vegetarians, vegans, and individuals with dietary restrictions often face challenges in acquiring certain minerals from their diets, hence turning to supplements to ensure adequate intake.
The pharmaceutical and healthcare sectors also play an instrumental role in the market’s expansion. Mineral supplements are widely used in medical nutrition therapy to manage and prevent various health conditions. Their role in improving patient outcomes in conditions such as iron-deficiency anaemia, osteoporosis, and prenatal care is well-documented.
Innovation in product formulations, such as the development of organic and natural supplements, is one of the crucial mineral supplements market trends that present opportunities for market differentiation and growth. The rising demand for clean-label and sustainable products aligns with consumer preferences for health and environmental consciousness.
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Mineral Supplements Market Segmentation
The market can be divided based on product and region.
Market Breakup by Product
- Calcium
- Magnesium
- Iron
- Potassium
- Zinc
- Chromium
- Selenium
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global mineral supplements market. Some of the major players explored in the report by Expert Market Research are as follows:
- Glanbia, plc.
- Nestle
- Herbalife Nutrition Limited (NYSE: HLF)
- Sanofi
- Amway Holdings
- Bayer AG
- Others
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