Mineral Supplements Market Share, Growth, Opportunities 2030

Segments - Mineral Supplements Market by Products (Calcium, Magnesium, Iron, Potassium, Zinc, Chromium, Selenium, and Others) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa)- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Author : Anuradha B. More

Fact-checked by : Vaibhav Chandola

Editor : Shruti Bhat

Report Description

The global mineral supplements market size was valued at USD 11.75 billion in 2020 and is anticipated to expand at a CAGR of 5% during the forecast period, 2021-2028. The growth of the market is attributed to the increasing prevalence of chronic and lethal diseases such as anemia, diabetes, cancer, and osteoporosis. Mineral supplements are regularly used for the diagnosis of these conditions.

A mineral and vitamin supplement delivers a large variety of nutrients which can be found in food generally. They are also called multivitamins. Supplements come in different forms according to the preference of the consumer, be it chewable tablets, powders, liquids, or pills. A standardized multivitamin tablet normally consists of water-soluble vitamins, fat-soluble vitamins, and minerals. Water-soluble vitamins can pass through the consumer body with ease and mostly consists of Vitamin B, Vitamin C, thiamine, riboflavin, pantothenic acid, B6, biotin acid, niacin, folic acid & B12. Fat-soluble vitamins include vitamin A, D, E & K which do not pass through the body like the water-soluble vitamins and are stored in the cells of the consumer body. There are also multivitamin pills that do not contain minerals or vitamins, but include other substances including the antioxidants such as lutein and lycopene.

The National Diabetes Statistics conducted a survey in 2020 and their report was cross-referenced by the WHO report to conclude that there were over 34 million people of all age groups in the United States of America who were diabetic, which is approximately 10.4% of their entire population. These stats show that the importance of mineral supplements was not only increasing but have reached to a point of necessity. The COVID-19 pandemic has reduced the growth of the global mineral supplements market initially. However, upon further studies, researchers and scientists found out that the coronavirus has the viral gene of accelerating illness of the hosts. Basically, a patient was more susceptible to the COVID-19 virus than that of a healthy person. This steered to hospitals, clinics, and healthcare laboratories to focus more on the development of mineral supplements for the prevention and treatment of diseases and this led to its market growth.

Global Mineral Supplements Market Summary

Market Trends, Drivers, Restraints, and Opportunities

Increasing the consumption of multiple mineral supplements due to the increasing vitamin & mineral deficiencies across the populations, especially in calcium and iron are projected to boost the global mineral supplement tablets market growth during the forecast period, 2021-2028. The increase in disposable income along with the growing concern on the maintenance of a healthy lifestyle also contribute to this market growth.
Rapid growth in the research and development activities regarding the potential of mineral supplements, measuring their benefits and the amount of funding and investments from both the Government administrative bodies and private investors are major factors driving the market expansion in the coming years.
The administration of multivitamins needs to be strict, especially regarding age, underaged children consuming multivitamins can cause dire consequences. This can act as a hamper to the global mineral supplement tablets market growth.
Multivitamins, when taken in large dosages or taken without the supervision of physicians, can cause severe side effects including increased urination, uneven heart rate, muscle weakening, limp feeling, tooth staining, or stomach bleeding, which restricts the mineral supplement tablets market growth.
R&D investment and technological advancement are expected to offer significant opportunities for the market players. Researchers and scientists have now discovered new kinds of mineral supplements that can increase the content of iron and decrease fat cells at the same time. According to the 2018-2019 CRN survey, almost 80% of the people in the United States of America are willing to invest on more products including calcium, mineral and organic supplements to develop their overall well-being and vitality.

Scope of Mineral Supplements Market Report

The report on the global mineral supplements market size includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Mineral Supplements Market Size - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Products (Calcium, Magnesium, Iron, Potassium, Zinc, Chromium, Selenium, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Trends, and Revenue Forecast
Key Players Covered in the Report	Unilever; Abbott; Nestle SA; Amway; Herbalife International of America Inc; and Glanbia plc

Global Mineral Supplements Market Segment Insights

Calcium segment is estimated to signify the largest market share

Based on products, the global mineral supplements market is segmented into calcium, magnesium, iron, potassium, zinc, chromium, selenium, and others. The calcium segment is expected to constitute the major share of 32% the market in 2019 due to the increasing incidences of osteoporosis. There is also an increase in the cases of lethal diseases such as breast cancer for which calcium mineral supplements are doctor’s prescription for consumption of these patients.

Meanwhile the magnesium segment is anticipated to grow with a significant CAGR of 7% during the forecast period, 2021-2028. The major reason attributing to this market growth is the increased applications found in multiple health conditions such as migraine, bone health, hypertension, and others.

Global Mineral Supplements Market Product

Asia Pacific is anticipated to dominate the market

On the basis of regions, the global mineral supplements market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is expected to constitute the largest share in 2020. This regional market growth can be attributed to the growing research & development expenditure along with the rising in adoption of the latest technology. The presence of the largest manufacturing hubs in countries such as China and India also fuel the regional market growth.

However, Middle East & Africa is expected to exhibit a rapid CAGR of 5.9% during the forecast period 2021-2028, due to the increasing awareness of the benefits of mineral supplements. The governments of these countries along with private investors have started funding in the supply chain and distribution of mineral supplements to reach the entire public.

Global Mineral Supplements Market Region

Segments

The global mineral supplements market size has been segmented in terms of

Products

Calcium
Magnesium
Iron
Potassium
Zinc
Chromium
Selenium
Others

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Unilever
Abbott
Nestle SA
Amway
Herbalife International of America Inc
Glanbia plc

Competitive Landscape

Major players competing in the global mineral supplements market are Unilever; Abbott; Nestle SA; Amway; Herbalife International of America Inc; and Glanbia plc. These market players are involved in several business strategies such as mergers, acquisitions partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. Unilever announced the deal on the acquisition of a provider of mineral, supplements and multivitamins category called OLLY Nutrition in October 2019.

Global Mineral Supplements Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mineral Supplements Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Mineral Supplements Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Mineral Supplements Market - Supply Chain
  4.5. Global Mineral Supplements Market Forecast
     4.5.1. Mineral Supplements Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Mineral Supplements Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Mineral Supplements Market Absolute $ Opportunity
5. Global Mineral Supplements Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Mineral Supplements Market Size and Volume Forecast by Types
     5.3.1. Calcium
     5.3.2. Magnesium
     5.3.3. Iron
     5.3.4. Potassium
     5.3.5. Zinc
     5.3.6. Chromium
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Mineral Supplements Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Mineral Supplements Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Mineral Supplements Demand Share Forecast, 2019-2026
7. North America Mineral Supplements Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Mineral Supplements Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Mineral Supplements Market Size and Volume Forecast by Types
     7.4.1. Calcium
     7.4.2. Magnesium
     7.4.3. Iron
     7.4.4. Potassium
     7.4.5. Zinc
     7.4.6. Chromium
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Mineral Supplements Demand Share Forecast, 2019-2026
8. Latin America Mineral Supplements Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Mineral Supplements Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Mineral Supplements Market Size and Volume Forecast by Types
     8.4.1. Calcium
     8.4.2. Magnesium
     8.4.3. Iron
     8.4.4. Potassium
     8.4.5. Zinc
     8.4.6. Chromium
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Mineral Supplements Demand Share Forecast, 2019-2026
9. Europe Mineral Supplements Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Mineral Supplements Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Mineral Supplements Market Size and Volume Forecast by Types
     9.4.1. Calcium
     9.4.2. Magnesium
     9.4.3. Iron
     9.4.4. Potassium
     9.4.5. Zinc
     9.4.6. Chromium
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Mineral Supplements Demand Share Forecast, 2019-2026
10. Asia Pacific Mineral Supplements Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Mineral Supplements Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Mineral Supplements Market Size and Volume Forecast by Types
     10.4.1. Calcium
     10.4.2. Magnesium
     10.4.3. Iron
     10.4.4. Potassium
     10.4.5. Zinc
     10.4.6. Chromium
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Mineral Supplements Demand Share Forecast, 2019-2026
11. Middle East & Africa Mineral Supplements Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Mineral Supplements Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Mineral Supplements Market Size and Volume Forecast by Types
     11.4.1. Calcium
     11.4.2. Magnesium
     11.4.3. Iron
     11.4.4. Potassium
     11.4.5. Zinc
     11.4.6. Chromium
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Mineral Supplements Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Mineral Supplements Market: Market Share Analysis
  12.2. Mineral Supplements Distributors and Customers
  12.3. Mineral Supplements Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Unilever
     12.4.2. Abbott
     12.4.3. Nestle SA
     12.4.4. Amway
     12.4.5. Herbalife International of America Inc
     12.4.6. Glanbia plc