Mineral Supplements Market Key Insights 2024-2033: Growth Rate, Trends And Opportunities
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What is the Expected Growth Rate of the Mineral Supplements Market from 2024 to 2033?
The mineral supplements market has seen strong growth, expected to rise from $15.39 billion in 2023 to $16.58 billion in 2024, with a CAGR of 7.8%. This growth is influenced by rising health and wellness awareness, increasing prevalence of mineral deficiencies, an aging population, growing interest in preventive healthcare, and changing dietary patterns.
The mineral supplements market is expected to reach $22.44 billion by 2028 at a CAGR of 7.9%. Growth is supported by personalized nutrition trends, demand for natural products, rising disposable incomes, emphasis on transparent labeling, and sustainability interests. Trends include a rise in plant-based supplements, targeted mineral formulations, novel delivery formats, personalized solutions, and focus on evidence-based ingredients.
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What Key Factors Are Fueling the Growth of the Mineral Supplements Market?
The rise in sports and fitness activities is likely to boost the mineral supplements market. Increased awareness of health benefits and the growing emphasis on well-being contribute to this trend. Mineral supplements support athletes’ dietary needs. According to the Sports and Fitness Industry Association, 77.6% of Americans engaged in sports activities in 2022, indicating a rise in participation and demand for supplements.
What Are the Major Segments of the Mineral Supplements Market?
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
What New Trends Are Transforming the Mineral Supplements Market?
Firms in the mineral supplements market are focusing on innovative oral nutrition supplements (ONS) to meet evolving consumer preferences. For example, in May 2023, Arla Foods Ingredients introduced juice-style ONS with 7% more protein without compromising taste, aimed at enhancing medical nutrition compliance.
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Which Regions Are Driving Growth in the Mineral Supplements Market?
North America was the largest region in the mineral supplements market in 2023. The regions covered in the mineral supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Mineral Supplements Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the mineral supplements market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Mineral Supplements Market Include
1. Mineral Supplements Market Executive Summary
2. Mineral Supplements Market Segments
3. Mineral Supplements Market Size And Template Market Growth Rate
4. Key Mineral Supplements Market Trends
5. Major Mineral Supplements Market Drivers
……
25. Key Mergers And Acquisitions In The Mineral Supplements Market
26. Top Mineral Supplements Companies
27. Mineral Supplements Market Opportunities And Strategies
28. Mineral Supplements Market, Conclusions And Recommendations
29. Appendix
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