Analyzing the Future of Mineral Supplements Market Dynamics 2025-2034: Growth Rate, Trends, and Major Opportunities
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What is the Future CAGR of the Mineral Supplements Market, and How Will It Impact Industry Expansion?
There has been a robust growth in the size of the mineral supplements market in the preceding years. The market is predicted to expand from a valuation of $16.58 billion in 2024 to an estimated $17.93 billion in 2025, with an 8.1% compound annual growth rate (CAGR). The progress during the past period can be accredited to the escalating awareness about health and wellness, increasing instances of mineral deficiencies, higher proportion of elderly population, amplified focus on preventive healthcare, besides adjustments in dietary habits and lifestyles.
In the coming years, the mineral supplements market is predicted to experience robust growth, reaching $24.15 billion in 2029, with a compound annual growth rate (CAGR) of 7.7%. This projected expansion in the forecasting period is attributed to factors such as the rise of personalised nutrition concepts, growing demand for organic and natural items among consumers, increasing disposable incomes in burgeoning markets, priority given to clear labelling and product traceability, and increased consumer focus on ethical sourcing and sustainability. The major trends anticipated for this period include a surge in plant-based mineral supplements, the advent of mineral formulations specifically targeted at certain demographic groups, the use of innovative delivery methods such as dissolvable tablets and gummies, growth of customised mineral supplement solutions designed for individual requirements, and an amplified emphasis on scientifically proven ingredients and research.
Which Major Market Drivers Are Expected to Boost the Mineral Supplements Market’s Growth Potential?
The mineral supplement market is projected to expand due to a rise in sports and fitness activities. These activities, which aim to boost health, physical fitness, and athletic performance, are becoming more popular for numerous reasons including increased awareness of their health benefits, improved access to healthy facilities, and a societal focus on overall well-being. Mineral supplements play a crucial role in fulfilling the enhanced mineral requirements of athletes and fitness fanatics engaged in intense or lengthy physical exercises. In a report by the Sports and Fitness Industry Association (SFIA), a not-for-profit organisation based in the US, it was revealed in February 2023, that 77.6% of Americans, equaling 236.9 million individuals, had participated in at least one sport during 2022, showing a rise of 1.9% compared to 2021. Pickleball, in particular, has witnessed a dramatic surge in popularity and continues to be the fastest-growing sport in the US with participation rates nearly doubling in 2022, rising by 85.7% compared to the previous year and a remarkable 158.6% over a three-year period. Thus, the spike in sports and fitness activities is fuelling the growth of the mineral supplements market.
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What Are the Top Market Players Propelling the Growth of the Mineral Supplements Industry?
Major companies operating in the mineral supplements market are:
• Cargill Incorporated_x000D_
• Nestlé S.A._x000D_
• Archer Daniels Midland Company_x000D_
• Pfizer Inc._x000D_
• BASF SE_x000D_
What Are the Key Trends to Watch in the Mineral Supplements Market Over the Coming Years?
Firms in the mineral supplements industry are zeroing in on the advancement of novel oral nutrition supplements (ONS) to cater to the changing needs and preferences of consumers. ONS, or oral liquid supplements, are dietary items crafted to supply extra nutrition, energy, and calories to individuals having trouble meeting their nutritional needs. For example, Arla Foods Ingredients, a Denmark-based manufacturer providing ingredients for infant nutrition, medical uses, and sports nutrition, debuted juice-style ONS in May 2023 – a new method to increase the protein content in medical nutrition. ONS juice-style drinks from Arla Foods Ingredients are distinctive nutritional beverages offering 7% additional protein without compromising on taste or texture. They contain Lacprodan BLG-100, a pure beta-lactoglobulin with a superior nutritional profile. Besides, this new solution is free from fat, and the use of BLG-100 ensures a product with low viscosity and stability throughout its shelf life. Moreover, it offers less astringency compared to conventional ONS juice-style products and a better texture, promoting adherence to medical nutrition.
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What Major Market Segments Define the Scope and Growth of the Mineral Supplements Market?
The mineral supplements market covered in this report is segmented –
1) By Product: Calcium, Magnesium, Iron, Potassium, Zinc, Chromium, Selenium, Other Products
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 Application: General Health, Bone And Joint Health, Gastrointestinal Health, Immunity, Other Applications
5) By End Use: Adults, Geriatric, Pregnant Women, Children, Infants
Subsegments:
1) By Calcium: Calcium Carbonate, Calcium Citrate, Calcium Gluconate, Calcium Lactate
2) By Magnesium: Magnesium Citrate, Magnesium Oxide, Magnesium Glycinate, Magnesium Sulfate
3) By Iron: Ferrous Sulfate, Ferrous Fumarate, Ferrous Gluconate, Iron Polysaccharide Complex
4) By Potassium: Potassium Chloride, Potassium Citrate, Potassium Gluconate
5) By Zinc: Zinc Gluconate, Zinc Sulfate, Zinc Picolinate, Zinc Acetate
6) By Chromium: Chromium Picolinate, Chromium Chloride, Chromium Nicotinate
7) By Selenium: Selenium Methionine, Sodium Selenite, Selenomethionine
8) By Other Products: Manganese Supplements, Copper Supplements, Iodine Supplements, Phosphorus Supplements
What Regions Are Dominating the Mineral Supplements Market Growth?
North America was the largest region in the mineral supplements market in 2024. The regions covered in the mineral supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Do Experts Define the Scope of the Mineral Supplements Market?
Mineral supplements are ingestible substances containing essential minerals, such as calcium, iron, and zInc., aimed at fulfilling dietary requirements that may not be met through regular food intake. The uses of these supplements include supporting bone health, aiding in metabolism, and replenishing mineral deficiencies in the body. It can support overall health and address specific deficiencies.
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