According to a research report published by Spherical Insights & Consulting, the Global Mineral Supplements Market Size is Expected to Grow from USD 15.2 Billion in 2023 to USD 27.5 Billion by 2033, at a CAGR of 6.11% during the forecast period 2023-2033.

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Mineral supplements are mixtures of minerals and other substances that help the body achieve its mineral requirements that aren’t met by a typical diet. Vitamins and minerals are essential in the context of nutritional supplements because they support the body’s physiological functions and contain a range of vitamins and minerals that greatly contribute to the nutritional needs of physical well-being. Maintaining optimum health, boosting immunity, supporting bodily growth and development, and supporting cell and organ function all depend on taking supplements of certain minerals. Consumer awareness of the need for minerals, a shift in consumer attitudes toward preventative healthcare, and modifications to dietary and lifestyle practices are driving the global market for mineral supplements. Furthermore, the growing prevalence of micronutrient deficiencies is increasing the demand for mineral supplements. The market is also driven by the availability of minerals and multivitamins in tablet, capsule, powder, and liquid form. However, consumer preference for natural minerals over supplements is influenced by false information or overstated claims about negative effects.

Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the Global Mineral Supplements Market Size, Share, and COVID-19 Impact Analysis By Formulation (Powder, Capsule & Tablets, Liquid, and Others), By Product (Calcium, and Magnesium), By End-use (Men, Women, and Children), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The tablets and capsules segment is anticipated to hold the greatest share of the global mineral supplements market during the forecast period.

Based on the formulation, the global mineral supplements market is categorized into powder, capsule & tablets, liquid, and others. Among these, the tablets and capsules segment is anticipated to hold the greatest share of the global mineral supplements market during the forecast period. This is attributed to the older adults prefer capsules and tablets because they are the most popular, safest, and most efficient ways to deliver essential vitamins and minerals.

The calcium segment is anticipated to grow at a rapid pace in the global mineral supplements market during the forecast period.  

Based on the product, the global mineral supplements market is categorized into calcium, magnesium, and vitamins. Among these, the calcium segment is anticipated to grow at a rapid pace in the global mineral supplements market during the forecast period. This is attributed to maintaining bone strength, preventing conditions such as stress fractures, and also, growing awareness about the importance of bone health for fitness and health.

The female segment is anticipated to grow at the fastest pace in the global mineral supplements market during the forecast period.

Based on the end-user, the global mineral supplements market is divided into men, women, and children. Among these, the female segment is anticipated to grow at the fastest pace in the global mineral supplements market during the forecast period. This is attributed to the female having the highest consumption of vitamin B6 (niacin) to the recommended dietary allowance to maintain hormone balance.

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Asia Pacific is expected to hold the greatest share of the global mineral supplements market over the projected timeframe.

Asia Pacific is expected to hold the greatest share of the global mineral supplements market over the projected timeframe. India, China, Japan, Australia, and New Zealand are the countries with the strongest trend toward healthier diet consumption, according to analysis reports, because of their many small-scale, domestic, and international mineral supplement raw material productions. The local market is growing steadily.

Europe is anticipated to grow at a rapid pace in the global mineral supplements market during the forecast period. Major players in the mineral supplement market have become more common in countries like the UK, Germany, France, Italy, and Spain as the working population rises. The increasing prevalence of diabetes and obesity can be linked to the growing market demand for mineral supplements.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global mineral supplements along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global mineral supplements market are Abbott, Sanofi, Amway, Bayer AG, Nestle, Herbalife International of America, Inc., Pharmavite LLC, Biovea, GSK Plc., Pfizer, Inc, Glanbia Plc, Otsuka Pharmaceutica Co., Ltd., Bio Botanica, Inc., DSM, Omega Protein Corporation, and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In May 2023, Brain Fuel is a cognitive support supplement that was introduced by Nature’s Way. The formula contains vitamin B6 and vitamin B12, along with Cognigrape red grape extract.

• In April 2023, the new production facility in New Albany, Ohio, is being built by Pharmavite LLC, the company that makes nature-made vitamins to support its ongoing expansion.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global mineral supplements market based on the below-mentioned segments:

Global Mineral Supplements Market, By Formulation

• Powder
• Capsule & tablets
• Liquid
• Others

Global Mineral Supplements Market, By Product

• Calcium
• Magnesium

Global Mineral Supplements Market, By End-use

• Men
• Women
• Children

Global Mineral Supplements Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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