Mineral Supplements Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The mineral supplements market is set to expand at a steady pace in the coming years, driven by increasing awareness of the health benefits associated with these products. Mineral supplements are gaining popularity as more consumers turn to healthier eating habits and seek nutritional support through supplements. These products, which offer a blend of essential vitamins and minerals, play a significant role in addressing nutritional imbalances and enhancing overall health.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%.

Mineral Supplements Consumption Analysis

The global mineral supplements market has witnessed notable growth, attributed to the rising awareness about their applications. The market continues to grow as more people become conscious of their dietary needs and the importance of supplementing their nutrition with minerals. Consumers are increasingly opting for mineral supplements as a convenient and effective way to meet their nutritional requirements, given their busy lifestyles.

Mineral supplements are formulated with a combination of macro minerals and ultra-trace minerals, carefully selected to minimize their impact on the final product formulation. These supplements are available in various forms, including pills, tablets, capsules, granules, gel capsules, powder, and liquid. The wide range of options allows consumers to choose the most suitable form for their needs, contributing to the steady growth of the market.

Key Trends in the Mineral Supplements Market

One of the key trends driving the growth of the mineral supplements market is the increasing prevalence of nutritional imbalances due to unhealthy eating habits and sedentary lifestyles. As people consume more junk food and lead less active lives, the incidence of various diseases and disorders linked to poor nutrition is on the rise. Mineral and vitamin supplements are becoming increasingly popular as they offer a solution to these nutritional deficiencies and support a healthier lifestyle.

The industry is also witnessing significant growth through acquisitions and expansions by major players. For instance, notable companies have been expanding their product offerings and market presence through strategic acquisitions, thereby solidifying their positions in the nutritional supplements market. This trend indicates a growing demand for wellness products, including mineral supplements, as consumers become more health-conscious.

Another trend is the increasing adoption of mineral supplementation as part of everyday diets. Urbanization, an aging population, and heightened awareness about preventive healthcare are key factors driving the market's growth. Many consumers are turning to mineral supplements as a healthier and safer alternative to allopathic medicines. These supplements provide essential nutrients like calcium, phosphorus, chromium, magnesium, sulfur, iron, zinc, folic acid, silicon, copper, and cobalt, which help prevent and manage mineral deficiency diseases.

Pregnant women are another significant demographic driving the demand for mineral supplements. Due to the nutritional needs during pregnancy, many women are recommended to consume iron and calcium supplements throughout this period. Additionally, the aging population often faces challenges such as bone-related issues, weakness, and mineral deficiencies, further boosting the demand for these supplements.

Use of Micro-Encapsulation Technology

Microencapsulation technology is becoming increasingly popular in the production of mineral supplements. This process involves applying a protective coating around a particle to lock in core ingredients and stabilize them until they are released. Microencapsulation improves the solubility and functionality of vitamin and mineral premix products, making it a valuable technology in the production of dietary supplements, including tablets and capsules.

Growing Production of Fortified Foods

The production of fortified foods has seen a significant increase, with manufacturers adding essential micronutrients such as calcium, vitamins, minerals, and amino acids to premixes and food products. This fortification process helps prevent conditions like coronary heart disease by pairing ingredients like inulin with vitamins or minerals. As health awareness grows among consumers globally, manufacturers are increasingly fortifying staple foods to meet the rising demand for healthier options.

Challenges in the Mineral Supplements Market

Despite the growth prospects, the mineral supplements market faces challenges, particularly related to the lack of regulatory oversight and quality control. The absence of stringent regulatory standards allows manufacturers significant leeway in determining the validity period and labeling of their products. This lack of quality checks can pose risks to consumers and potentially hamper market growth. Additionally, improper labeling remains a concern, as it can mislead consumers and restrict market penetration.

Geographical Insights

The mineral supplements market is segmented into key regions, including North America, Europe, East Asia, South Asia & Pacific, Latin America, and the Middle East & Africa. North America is expected to maintain its position as the largest market for mineral supplements, while the Asia Pacific region is projected to experience the fastest growth. Although the Asia Pacific market is characterized by cost sensitivity and volatility, manufacturers are increasingly tapping into the untapped potential in this region. Europe is also a significant market for dietary supplements and is anticipated to remain a major player in the mineral supplements market.

In the Middle East, the pharmaceutical sector is experiencing rapid growth, driven by socio-economic changes such as increased income, rising affluence, and better access to modern facilities. These factors contribute to lifestyle changes and the incidence of diseases like cancer, diabetes, and cardiovascular conditions, which in turn increase the demand for mineral supplements. The Middle East economy is transitioning from a dependence on oil revenues to generating income from other sectors, including pharmaceuticals, supported by government spending on healthcare development.

Segmental Breakdown of the Mineral Supplements Market

The mineral supplements market is segmented by application into pharmaceuticals, food and beverages, and others. The pharmaceuticals segment is the largest consumer of mineral supplements, registering the highest market share. This segment is expected to continue its dominance, driven by the increasing use of mineral supplements in treating and preventing various health conditions.

Among the end-user segments, adult women constitute the largest market segment, followed by adult men, senior citizens, and others. The growth in the adult women segment is primarily attributed to health and weight-related issues among middle-aged women. As women become more conscious of their health, the demand for mineral supplements to address specific nutritional needs is expected to rise.

Competitive Analysis

The global mineral supplements market is highly competitive, with a large number of multinational corporations dominating the market. These companies account for a significant share of the market and are focusing on expanding their product offerings and market presence, particularly in non-traditional regions.

Several companies have formed joint ventures and collaborations to enhance their product portfolios and market reach. For example, partnerships between major players have led to the production of omega-3 fatty acid products from natural sea algae and the delivery of compounds for treating retinal illnesses. Additionally, acquisitions of companies specializing in protein bars and other nutritional products have further strengthened the market positions of key players.

The mineral supplements market is also witnessing the introduction of novel products aimed at consumers seeking convenient and effective ways to maintain a healthy lifestyle. For instance, new product lines featuring multivitamins with immune-boosting ingredients have been developed to cater to busy consumers who prioritize their health.

Key players in the mineral supplements market include global corporations with a strong presence across multiple regions. These companies are continuously innovating and expanding their product offerings to meet the growing demand for mineral supplements and capitalize on the increasing health awareness among consumers worldwide.

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

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