Mineral Supplements Market Size and Industry Forecast: Trends 2030
The global mineral supplements market has achieved a significant milestone, attaining a valuation of $20 billion in 2021. This achievement highlights the market's robust growth trajectory and positions it for continued expansion. The market's upward trajectory is attributed to prevalent nutritional deficiencies and evolving lifestyle patterns. A comprehensive report has been unveiled to uncover the driving factors behind the surge in mineral supplements sales and to spotlight key categories that offer notable business opportunities.
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The expansion of the mineral supplements market is closely intertwined with the widespread occurrence of nutritional deficiencies and shifts in lifestyle choices observed on a global scale. Modern sedentary lifestyles, combined with poor dietary choices and irregular eating habits, have contributed to a surge in nutritional deficiencies among the general population. The absence of essential vitamins and minerals crucial for optimal bodily function has driven the adoption of mineral supplements. The heightened awareness of the complications arising from mineral deficiencies, including weakened bones, compromised immunity, and fatigue, has further accelerated this trend.
Mineral supplements have gained attention for their potential in halting the progression of fatty liver disease, a condition with significant global prevalence. The adoption of lifestyle changes and nutritionally balanced diets to prevent the development of non-alcoholic fatty liver disease (NAFLD) has created opportunities for the mineral supplements market. This trend is expected to fuel growth in the mineral supplements market in the coming years.
Calcium, a vital mineral, contributes significantly to the revenue of the mineral supplements market. The increasing prevalence of osteoporosis and arthritis, particularly among the elderly and female populations, has driven the demand for calcium supplements. Addressing deficiencies and reducing the risk of bone-related conditions is expected to drive sustained growth in the calcium supplements market.
Similarly, there is a growing demand for potassium supplements due to heightened awareness of their benefits. Potassium supplements play a crucial role in regulating fluid balance, muscle contraction, and nerve impulse transmission. Additionally, they contribute to lowering blood pressure, reducing the risk of cardiovascular disorders and strokes. The preventive effects of
potassium supplements against kidney stones have further fueled their demand, supporting market expansion.
The Asia Pacific region leads the global mineral supplements market, driven by increasing instances of chronic illnesses in emerging economies. The growing geriatric population, combined with rising awareness among millennials about incorporating supplements into their diets, contributes significantly to market growth. Additionally, the prevalence of mineral deficiencies across Asian countries is projected to drive sales of mineral supplements, especially in regions where deficiencies in minerals like copper and zinc have been identified.
The competitive landscape of the mineral supplements market is marked by dynamic developments, including product innovations, collaborations, acquisitions, and capacity expansions. Key players like Abbot, Sanofi, Glanbia Plc., Herbalife International, Bayer AG, and others are actively shaping the market's evolution and ongoing innovation. This dynamic landscape underscores the market's potential for sustained growth in the foreseeable future.
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