The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s therapeutic nutrients and minerals market report forecasts the therapeutic nutrients and minerals market size to grow to $100.18 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

Learn More On The Therapeutic Nutrients And Minerals Market Report 2023 – https://www.thebusinessresearchcompany.com/report/therapeutic-nutrients-and-minerals-global-market-report

Therapeutic Nutrients And Minerals Market Size Forecast
The global therapeutic nutrients and minerals market is expected to grow from $66.36 billion in 2022 to $72.86 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global therapeutic nutrients and minerals market size is expected to reach $100.18 billion in 2027 at a CAGR of 8.3%.

Asia-Pacific held the largest therapeutic nutrients and minerals market share, and North America was the fastest-growing region in 2022.

Key Therapeutic Nutrients And Minerals Market Driver ­– Rise In Demand For Immunity-Boosting Products
According to The National Institutes of Health, the primary agency of the United States government responsible for biomedical and public health research, the United States recorded total sales of dietary supplements worth $55.7 billion in 2020, with vitamin and mineral supplements accounting for $21.2 billion and multivitamin and mineral sales accounting for $8.0 billion. As a result, the need for immunity-boosting products is propelling the therapeutic nutrients and minerals market forward.

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Key Therapeutic Nutrients And Minerals Market Trend – Technological Advancement

Major players in the therapeutic nutrients and minerals market are implementing new technologies in order to manufacture unique products and maintain their market position. Prodalim Resources Ltd., a Netherlands-based food and beverage service firm, for example, released the Capsoil FoodTech platform in March 2022. The platform incorporates the latest self-emulsified powder technology to convert bioactive oil molecules, such as nutritious oils, fat-soluble vitamins, and lipid-based nutrients, into easily soluble powders.

Therapeutic Nutrients And Minerals Market Segment
1) By Type: Multivitamins, Calcium, Supplements, Other Types
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 End User: Adults, Geriatric, Pregnant Women, Children, Infants

Therapeutic Nutrients And Minerals Market Major Players and Strategies
Major players in the therapeutic nutrients and minerals market are Glanbia PLC, Herbalife Nutrition Ltd., Bayer AG, Abbott Laboratories, Nu Skin Enterprises Inc., Otsuka Pharmaceutical Co. Lt, Amway, Royal DSM N.V., Reckitt Benckiser Group plc, NutraMarks Inc., Pharmavite LLC, Archer Daniels Midland Company, BASF SE, Nestlé S.A, Bio Botanica, Inc., and GlaxoSmithKline plc.

Balchem Corporation, a speciality performance ingredients and nutrients manufacturing company based in the United States, acquired Bergstrom Nutrition for an unknown sum in August 2022. Balchem Corporation hopes that by adding OptiMSM to its portfolio, it would be able to enhance its market potential. The latest product line provides a strategic edge in Balchem’s key therapeutic emphasis areas, including performance and longevity. Bergstrom Nutrition is a dietary nutrient and mineral supplement manufacturing company situated in the United States that specialises in MSM (methylsulfonylmethane).

The Therapeutic Nutrients And Minerals Global Market Report 2023 covers regional data on therapeutic nutrients and minerals market size, therapeutic nutrients and minerals market trends and drivers, opportunities, strategies, and therapeutic nutrients and minerals market competitor analysis. The countries covered in the therapeutic nutrients and minerals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Vitamins, minerals, and other nutrients used to support overall health and treat specific health disorders are referred to as therapeutic nutrients and minerals. They are used to supplement substances that are not obtained through food.

View More Reports Related To The Therapeutic Nutrients And Minerals Market –
Therapeutic Drug Monitoring Global Market Report 2023
Probiotics Dietary Supplements Global Market Report 2023
General Minerals Global Market Report 2023

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