Summary

The Mineral Supplements Market is poised for notable expansion, driven by a growing consumer focus on health and wellness. Mineral supplements, which are a blend of various vitamins and minerals, are increasingly recognized as essential components of a balanced diet. These supplements cater to the needs of individuals seeking to improve their nutritional intake amidst modern-day challenges such as poor diet choices and sedentary lifestyles. Expected to reach $1.83 billion in 2024 and projected to climb to $3.39 billion by 2031, the market is anticipated to grow at a robust CAGR of 9.20%.As more people embrace a healthier lifestyle, the demand for mineral supplements is expected to rise, making them an integral part of everyday nutrition.

Mineral supplements offer a convenient way to ensure adequate intake of essential nutrients. They contain a combination of macro minerals and ultra-trace minerals, each selected for their minimal impact on final formulations, making them a versatile option for consumers. The supplements are available in various forms, including pills, tablets, capsules, granules, gel capsules, powders, and liquids, allowing for flexible consumption based on individual preferences and needs.

As health consciousness continues to influence consumer food choices, mineral supplements are gaining traction as a means to support overall well-being. These supplements provide a range of nutrients, including calcium, phosphorus, chromium, magnesium, sulfur, iron, zinc, folic acid, silicon, copper, and cobalt. Such nutrients are crucial in preventing mineral deficiency-related diseases and promoting general health. The adoption of mineral supplements is increasingly seen as a safer and healthier alternative to conventional medications, particularly in the context of preventive healthcare.

One of the key drivers of the mineral supplements market is the rising awareness of their benefits in maintaining a balanced diet and preventing nutritional deficiencies. With the growing popularity of healthy eating and the increasing adoption of supplements as a source of nutrition, mineral supplements are experiencing significant demand worldwide. The convenience they offer, combined with their nutritional value, makes them an attractive choice for consumers seeking to enhance their diet.

The trend of urbanization and the rising geriatric population further contribute to the growth of the mineral supplements market. Urbanization often leads to lifestyle changes that may result in nutritional imbalances, creating a need for supplements to address these deficiencies. Additionally, the aging population faces a higher risk of health issues related to mineral deficiencies, such as osteoporosis and anemia. As a result, there is a growing demand for mineral supplements among older adults looking to maintain their health and well-being.

The market for mineral supplements is also driven by the increasing number of consumers who prefer supplements over traditional medicines. This shift is partly due to the perception that mineral supplements offer a more natural and less invasive way to manage health. For instance, pregnant women are commonly advised to take mineral supplements like iron and calcium to support their health during pregnancy. Similarly, individuals with active lifestyles or those recovering from illness may turn to mineral supplements to replenish essential nutrients and support their recovery.

Technological advancements in the production of mineral supplements have also played a significant role in the market's growth. One such advancement is the use of microencapsulation technology, which involves applying a protective coating around the core ingredients of supplements. This process helps stabilize the core material and enhances the functionality of the supplement, ensuring that the nutrients remain effective until they are released into the body. Microencapsulation is particularly useful in the production of gummy vitamins, tablets, and capsules, which are popular forms of mineral supplements.

Another notable trend in the mineral supplements market is the growing production of fortified foods. Manufacturers are increasingly adding essential micronutrients like vitamins, minerals, and amino acids to premixes and food products to enhance their nutritional value. Fortification is particularly prevalent in developing countries, where there is a strong demand for nutritious food products to address health concerns related to malnutrition. By fortifying staple foods with essential nutrients, manufacturers can help improve public health and capitalize on the growing awareness of the importance of nutrition.

However, the mineral supplements market is not without its challenges. One of the major issues facing the industry is the lack of regulatory oversight, which can lead to quality control problems. Inadequate regulations mean that the validity and safety of mineral supplements are often left to the discretion of manufacturers. This can result in improper labeling and the potential for adulteration during the production process, which may undermine consumer confidence in these products. Addressing these challenges is crucial for ensuring the long-term growth and sustainability of the market.

Geographically, the mineral supplements market is segmented into several key regions, each with its own unique characteristics and growth drivers. North America is expected to remain a dominant market for mineral supplements, thanks to the high level of health awareness and the established presence of major supplement manufacturers in the region. The market in Asia Pacific is projected to experience rapid growth, driven by increasing urbanization, rising disposable incomes, and growing health awareness among consumers. Although the Asia Pacific market is cost-sensitive and subject to volatility, it offers ample opportunities for manufacturers to tap into the region's unmet demand for mineral supplements.

Europe also represents a significant market for mineral supplements, with a strong focus on dietary supplements as part of a healthy lifestyle. The region's aging population and the prevalence of lifestyle-related health issues further contribute to the demand for mineral supplements. In the Middle East, the pharmaceutical sector is experiencing rapid growth, driven by changes in socio-economic factors such as rising incomes, better access to modern facilities, and an increasing burden of lifestyle-related diseases. This has created a growing demand for quality healthcare and mineral supplements in the region.

The mineral supplements market is segmented based on application, with the pharmaceutical segment emerging as the dominant category. This segment accounts for the largest share of mineral supplement consumption, driven by the growing use of these supplements in treating various health conditions related to mineral deficiencies. Among end-users, adult women represent the largest consumer group, owing to their higher susceptibility to health issues related to mineral deficiencies. The market also sees significant demand from other groups, including adult men and senior citizens, who seek to address specific health concerns through mineral supplementation.

The competitive Analysis of the mineral supplements market is characterized by the presence of a large number of multinational corporations. These companies dominate the market, accounting for a substantial share of global sales. To maintain their competitive edge, many players in the market are focusing on expanding their product offerings and strengthening their presence in international markets. Strategic acquisitions and partnerships are common strategies used by companies to enhance their product portfolios and gain access to new markets.

Key companies profiled

• Glanbia Plc

• Nu Skin Enterprises, Inc.

• E. I. du Pont de Nemours and Company

• NBTY, Inc.

• Koninklijke DSM N.V.

• BASF SE (Badische Anilin- und Soda-Fabrik)

• Bayer AG

• Atrium Innovations, Inc.

• Amway

• Herbalife, Ltd.

Mineral Supplements Industry Research by Category

By Application:

• Food and beverages

• Pharmaceutical

• Others

By End User:

• Adult Women

• Adult Men

• Senior Citizens

• Others

By Region:

• North America

• Latin America

• Europe

• South Asia & Pacific

• East Asia

• Middle East & Africa

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Table of Contents

1. Executive Summary
1.1. Global Mineral Supplements Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Production Output and Trade Statistics, 2019-2023
3.1. Global Mineral Supplements Market Production Output, by Region, Value (US$ Bn) and Volume (Tons), 2019-2023
3.1.1. North America
3.1.2. Europe
3.1.3. Asia Pacific
3.1.4. Latin America
3.1.5. Middle East and Africa
4. Price Analysis, 2019-2023
4.1. Global Average Price Analysis, by Application, US$ Per Ton, 2019-2023
4.2. Prominent Factor Affecting Mineral Supplements Prices
4.3. Global Average Price Analysis, by Region, US$ Per Ton
5. Global Mineral Supplements Market Outlook, 2019-2031
5.1. Global Mineral Supplements Market Outlook, by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
5.1.1. Key Highlights
5.1.1.1. Food and beverages
5.1.1.2. Pharmaceutical
5.1.1.3. Others
5.2. Global Mineral Supplements Market Outlook, by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
5.2.1. Key Highlights
5.2.1.1. Adult Women
5.2.1.2. Adult Men
5.2.1.3. Senior Citizens
5.2.1.4. Others
5.3. Global Mineral Supplements Market Outlook, by Region, Value (US$ Bn) and Volume (Ton), 2019-2031
5.3.1. Key Highlights
5.3.1.1. North America
5.3.1.2. Europe
5.3.1.3. Asia Pacific
5.3.1.4. Latin America
5.3.1.5. Middle East & Africa
6. North America Mineral Supplements Market Outlook, 2019-2031
6.1. North America Mineral Supplements Market Outlook, by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
6.1.1. Key Highlights
6.1.1.1. Food and beverages
6.1.1.2. Pharmaceutical
6.1.1.3. Others
6.2. North America Mineral Supplements Market Outlook, by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
6.2.1. Key Highlights
6.2.1.1. Adult Women
6.2.1.2. Adult Men
6.2.1.3. Senior Citizens
6.2.1.4. Others
6.3. North America Mineral Supplements Market Outlook, by Country, Value (US$ Bn) and Volume (Ton), 2019-2031
6.3.1. Key Highlights
6.3.1.1. U.S. Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
6.3.1.2. U.S. Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
6.3.1.3. Canada Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
6.3.1.4. Canada Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Europe Mineral Supplements Market Outlook, 2019-2031
7.1. Europe Mineral Supplements Market Outlook, by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
7.1.1. Key Highlights
7.1.1.1. Food and beverages
7.1.1.2. Pharmaceutical
7.1.1.3. Others
7.2. Europe Mineral Supplements Market Outlook, by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
7.2.1. Key Highlights
7.2.1.1. Adult Women
7.2.1.2. Adult Men
7.2.1.3. Senior Citizens
7.2.1.4. Others
7.3. Europe Mineral Supplements Market Outlook, by Country, Value (US$ Bn) and Volume (Ton), 2019-2031
7.3.1. Key Highlights
7.3.1.1. Germany Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
7.3.1.2. Germany Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
7.3.1.3. U.K. Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
7.3.1.4. U.K. Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
7.3.1.5. France Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
7.3.1.6. France Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
7.3.1.7. Italy Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
7.3.1.8. Italy Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
7.3.1.9. Turkey Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
7.3.1.10. Turkey Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
7.3.1.11. Russia Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
7.3.1.12. Russia Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
7.3.1.13. Rest of Europe Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
7.3.1.14. Rest of Europe Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Asia Pacific Mineral Supplements Market Outlook, 2019-2031
8.1. Asia Pacific Mineral Supplements Market Outlook, by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
8.1.1. Key Highlights
8.1.1.1. Food and beverages
8.1.1.2. Pharmaceutical
8.1.1.3. Others
8.2. Asia Pacific Mineral Supplements Market Outlook, by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
8.2.1. Key Highlights
8.2.1.1. Adult Women
8.2.1.2. Adult Men
8.2.1.3. Senior Citizens
8.2.1.4. Others
8.3. Asia Pacific Mineral Supplements Market Outlook, by Country, Value (US$ Bn) and Volume (Ton), 2019-2031
8.3.1. Key Highlights
8.3.1.1. China Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
8.3.1.2. China Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
8.3.1.3. Japan Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
8.3.1.4. Japan Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
8.3.1.5. South Korea Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
8.3.1.6. South Korea Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
8.3.1.7. India Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
8.3.1.8. India Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
8.3.1.9. Southeast Asia Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
8.3.1.10. Southeast Asia Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
8.3.1.11. Rest of Asia Pacific Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
8.3.1.12. Rest of Asia Pacific Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Latin America Mineral Supplements Market Outlook, 2019-2031
9.1. Latin America Mineral Supplements Market Outlook, by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
9.1.1. Key Highlights
9.1.1.1. Food and beverages
9.1.1.2. Pharmaceutical
9.1.1.3. Others
9.2. Latin America Mineral Supplements Market Outlook, by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
9.2.1. Key Highlights
9.2.1.1. Adult Women
9.2.1.2. Adult Men
9.2.1.3. Senior Citizens
9.2.1.4. Others
9.3. Latin America Mineral Supplements Market Outlook, by Country, Value (US$ Bn) and Volume (Ton), 2019-2031
9.3.1. Key Highlights
9.3.1.1. Brazil Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
9.3.1.2. Brazil Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
9.3.1.3. Mexico Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
9.3.1.4. Mexico Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
9.3.1.5. Argentina Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
9.3.1.6. Argentina Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
9.3.1.7. Rest of Latin America Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
9.3.1.8. Rest of Latin America Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
9.3.2. BPS Analysis/Market Attractiveness Analysis
10. Middle East & Africa Mineral Supplements Market Outlook, 2019-2031
10.1. Middle East & Africa Mineral Supplements Market Outlook, by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
10.1.1. Key Highlights
10.1.1.1. Food and beverages
10.1.1.2. Pharmaceutical
10.1.1.3. Others
10.2. Middle East & Africa Mineral Supplements Market Outlook, by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
10.2.1. Key Highlights
10.2.1.1. Adult Women
10.2.1.2. Adult Men
10.2.1.3. Senior Citizens
10.2.1.4. Others
10.3. Middle East & Africa Mineral Supplements Market Outlook, by Country, Value (US$ Bn) and Volume (Ton), 2019-2031
10.3.1. Key Highlights
10.3.1.1. GCC Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
10.3.1.2. GCC Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
10.3.1.3. South Africa Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
10.3.1.4. South Africa Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
10.3.1.5. Egypt Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
10.3.1.6. Egypt Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
10.3.1.7. Nigeria Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
10.3.1.8. Nigeria Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
10.3.1.9. Rest of Middle East & Africa Mineral Supplements Market by Application, Value (US$ Bn) and Volume (Ton), 2019-2031
10.3.1.10. Rest of Middle East & Africa Mineral Supplements Market by End User, Value (US$ Bn) and Volume (Ton), 2019-2031
10.3.2. BPS Analysis/Market Attractiveness Analysis
11. Competitive Landscape
11.1. Product vs Indication Heatmap
11.2. Company Market Share Analysis, 2022
11.3. Competitive Dashboard
11.4. Company Profiles
11.4.1. Glanbia Plc
11.4.1.1. Company Overview
11.4.1.2. Product Portfolio
11.4.1.3. Financial Overview
11.4.1.4. Business Strategies and Development
11.4.2. Nu Skin Enterprises, Inc.
11.4.2.1. Company Overview
11.4.2.2. Product Portfolio
11.4.2.3. Financial Overview
11.4.2.4. Business Strategies and Development
11.4.3. E. I. du Pont de Nemours and Company
11.4.3.1. Company Overview
11.4.3.2. Product Portfolio
11.4.3.3. Financial Overview
11.4.3.4. Business Strategies and Development
11.4.4. NBTY, Inc.
11.4.4.1. Company Overview
11.4.4.2. Product Portfolio
11.4.4.3. Financial Overview
11.4.4.4. Business Strategies and Development
11.4.5. Koninklijke DSM N.V.
11.4.5.1. Company Overview
11.4.5.2. Product Portfolio
11.4.5.3. Financial Overview
11.4.5.4. Business Strategies and Development
11.4.6. BASF SE (Badische Anilin- und Soda-Fabrik)
11.4.6.1. Company Overview
11.4.6.2. Product Portfolio
11.4.6.3. Financial Overview
11.4.6.4. Business Strategies and Development
11.4.7. Bayer AG
11.4.7.1. Company Overview
11.4.7.2. Product Portfolio
11.4.7.3. Financial Overview
11.4.7.4. Business Strategies and Development
11.4.8. Atrium Innovations, Inc.
11.4.8.1. Company Overview
11.4.8.2. Product Portfolio
11.4.8.3. Financial Overview
11.4.8.4. Business Strategies and Development
11.4.9. Amway
11.4.9.1. Company Overview
11.4.9.2. Product Portfolio
11.4.9.3. Financial Overview
11.4.9.4. Business Strategies and Development
11.4.10. Herbalife, Ltd.
11.4.10.1. Company Overview
11.4.10.2. Product Portfolio
11.4.10.3. Financial Overview
11.4.10.4. Business Strategies and Development
12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations