Exploring Key Insights of the Therapeutic Nutrients And Minerals Market: Growth Prospects, Emerging Trends, and Opportunities
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How has the therapeutic nutrients and minerals market grown in recent years?
The market for therapeutic nutrients and minerals has seen substantial growth in the past few years. The market is projected to expand from a size of $73.37 billion in 2024 to $79.36 billion in 2025, growing at a compound annual growth rate (CAGR) of 8.2%. The past growth can be linked to increased health consciousness and preventive healthcare approaches, an aging population with wellness issues, a rising number of lifestyle-related diseases, advice from healthcare professionals, and nutritional deficiencies due to gaps in diet.
How is the therapeutic nutrients and minerals market size expected to evolve during the forecast period?
The market size for therapeutic nutrients and minerals is predicted to experience substantial growth in the coming years, increasing to $106.66 billion in 2029 with a compound annual growth rate (CAGR) of 7.7%. The growth during the estimated period can be credited to factors like the surge in personalized nutrition and bespoke supplements, increased emphasis on wellness and immune system enhancement, growth in e-commerce and direct-to-consumer routes, inclination towards plant-based and natural ingredients, regulatory focus on health claims and product labeling. Key trends for the forecast period include partnerships in the pharmaceutical sector, increased demand for trace minerals and micronutrients, a focus on mental well-being and cognitive performance, shift towards sustainable and ethical sourcing, and incorporation of technology in nutrient delivery.
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Which key drivers are propelling the therapeutic nutrients and minerals market’s growth?
The escalating demand for functional foods is anticipated to fuel the expansion of the therapeutic nutrients and minerals market in the future. Functional foods are defined as food items that provide health advantages beyond just basic nourishment. They are crafted to deliver added affirmative impacts on health by stimulating optimal physiological functions and lowering the chances of chronic ailments. Functional foods, supplemented with therapeutic nutrients and minerals, present specific health benefits, thereby amplifying their appeal among health-centric individuals. For example, a survey was conducted on 3,192 U.S. adults aged 18 and above by the Council for Responsible Nutrition, a US-based organization for the functional food industry, in October 2023. The results indicated that 74% of U.S. adults were consuming dietary supplements, with the majority (55%) being regular users. Moreover, 92% of those using supplements concurred that these dietary boosts are imperative for preserving health. The observations regarding safety and quality for sports nutrition supplements saw a 5% increment, hitting 66%, and weight management products witnessed a 4% improvement, currently standing at 56% in perceived safety and quality. From this, it is apparent that the surging demand for functional foods significantly contributes to the enlargement of the therapeutic nutrients and minerals market.
What are the market segments in the therapeutic nutrients and minerals industry?
The therapeutic nutrients and minerals market covered in this report is segmented –
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, Super markets And Hyper markets, Online Channels
4) By End User: Adults, Geriatric, Pregnant Women, Children, Infants
Subsegments:
1) By Multivitamins: General Multivitamins, Specialized Multivitamins
2) By Calcium: Calcium Citrate, Calcium Carbonate, Calcium Gluconate
3) By Supplements: Omega-3 Fatty Acids, Probiotics, Antioxidants, Herbal Supplements
4) By Other Types: Magnesium, Iron, Zinc, Electrolytes
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Which leading companies are shaping the growth of the therapeutic nutrients and minerals market?
Major companies operating in the therapeutic nutrients and minerals market include Glanbia plc, Herbalife Nutrition Ltd., Bayer AG, Abbott Laboratories, Nu Skin Enterprises Inc., Otsuka Pharmaceutical Co. Ltd., Alticor Inc., Royal DSM NV, Reckitt Benckiser Group plc, NutraMarks Inc., Pharmavite LLC, Archer Daniels Midland Company, BASF SE, Nestlé SA, Bio Botanica Inc., GlaxoSmithKline plc, International Flavors & Fragrances Inc., Jamieson Wellness Inc., USANA Health Sciences Inc., Albion Minerals, Balchem Corporation, Innophos Inc., AST Enzymes, Nature’s Way Brands, FuelMax Pvt. Ltd., Haleon plc, Garden of Life, Integrative Therapeutics Inc., Gemini Pharmaceuticals Inc.
What key trends are currently impacting the therapeutic nutrients and minerals market’s development?
Technology improvements are becoming a vital trend in the therapeutic nutrients and minerals market. Leading firms in this sector are adopting cutting-edge technology to create novel products and preserve their market standing. As an example, Prodalim Resources Ltd., a food and beverage service business based in the Netherlands, unveiled the Capsoil FoodTech platform in March 2022. This platform showcases breakthrough self-emulsification powder technology to transform bioactive oil components, such as nutritional oils, fat-soluble vitamins, and lipid-based nutrients, into readily soluble powders.
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Which geographic areas are influencing the growth of the therapeutic nutrients and minerals market?
Asia-Pacific was the largest region in the therapeutic nutrients and minerals market in 2024. North America is expected to be the fastest-growing region in the therapeutic nutrients and minerals market report during the forecast period. The regions covered in the therapeutic nutrients and minerals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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