Global Mineral Supplements Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Mineral Supplements Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Mineral supplements refer to containing a certain amount of mineral elements and supplementing the minerals needed by the human body through oral administration and other methods. Minerals refer to certain inorganic elements needed by the human body, including calcium, magnesium, iron, zinc, selenium, potassium, sodium, etc. These elements play an important role in the health and normal physiological functions of the human body. They can promote cell metabolism, maintain bone health, regulate nerve and muscle functions, etc. Mineral supplements can be used when the body is deficient in certain minerals or needs to increase intake, such as pregnant women, the elderly, athletes, etc. In addition, some special circumstances, such as suffering from certain diseases, receiving special treatments, or suffering from long-term stress, may also lead to an increase in the body's demand for minerals. Mineral supplements can supplement the diet but should not replace a normal diet.

Market Overview:

The latest research study on the global Mineral Supplements market finds that the global Mineral Supplements market reached a value of USD 14146.72 million in 2023. It’s expected that the market will achieve USD 20235.67 million by 2029, exhibiting a CAGR of 6.15% during the forecast period.

With the continuous development of social economy, people's consumption concepts have also been upgraded and changed. The demand for food and beverages has gradually evolved from the lowest level of survival to the pursuit of physical and mental health. After three years of epidemic turmoil, consumers' health awareness has increased rapidly, thus promoting the pace of healthy innovation in food and beverages. Minerals are an important part of maintaining normal physiological functions of the human body and improving the body's immunity. They play an important role in the growth, metabolism, and development of the human body. Due to individual differences and differences in eating habits, when the body cannot normally obtain enough trace elements from food, taking an appropriate amount of mineral supplements is the most common method to solve the problem of insufficient and unbalanced mineral intake. Mineral supplements are mixtures of minerals, vitamins, and other compounds. Major minerals are often called electrolytes or trace minerals and are a subset of minerals. Major minerals and trace minerals are the two main categories of minerals. Major minerals are minerals that the body uses and stores in large amounts, such as calcium, chloride, magnesium, sodium, phosphorus, potassium, and sulfur.

Urbanization, increasing number of elderly people, and increasing popularity of preventive healthcare are driving the growth of the global mineral supplements market. The market acceptance of mineral supplements for the treatment of chronic diseases is expected to grow due to the high prevalence of chronic diseases such as cancer, osteoporosis, anemia and osteoporosis in the population. Rising awareness about healthy lifestyles and expansion of fitness clubs are also contributing to the market expansion. In addition, increasing government programs to encourage healthy lifestyles have also expanded the market. Important factors driving the development of the mineral supplements market include the increasing elderly population, the spread of preventive health knowledge, and the rising incidence of diseases such as cancer and diabetes. Furthermore, the mineral supplements market will witness growth over the forecast period owing to increasing R&D activities, evolving technology, and modernization of healthcare practices. However, factors such as increase in counterfeit products, lack of quality control, and inaccurate labeling will further hinder the growth of the mineral supplements market.

Region Overview:

In 2022, the share of the Mineral Supplements market in APAC stood at 41.09%.

Company Overview:

Amway
Amway is an American multi-level marketing company that sells health, beauty, and home care products. Amway is a family-owned consumer products manufacturer and direct selling company headquartered in Ada, Michigan, dedicated to helping people live better, healthier lives. Amway's best-selling brands are Nutrilite vitamins, minerals and dietary supplements, Artistry skin care and makeup, eSpring water treatment systems and XS energy drinks.

Haleon

Haleon plc is a British multinational consumer healthcare company headquartered in Weybridge, United Kingdom. Haleon was formerly GlaxoSmithKline Consumer Healthcare. It is one of the world's largest consumer health businesses, with brands including Sensodyne toothpaste, Panadol and Advil pain relievers, and Centrum vitamins.

Amway Enterprises is one of the major players in the market, holding 4.93% market share in 2023.

Segmentation Overview:

By type, the calcium supplements segment held the largest market share in 2022.

Application Overview:

By application, the pharmaceutical retail application market held the largest market share in 2022.

Key Companies in the global Mineral Supplements market covered in Chapter 3:

Guangdong Tomson By-Health Biotechnology Co., Ltd.
Bayer
Hangzhou Minsheng Health Pharmaceutical Co., Ltd.
Unilever
H&H International Holdings Limited
Amway
Otsuka Pharmaceutical
Herbalife
Abbott
Suntory
Haleon
Nestle
GNC

In Chapter 4 and Chapter 14.2, on the basis of types, the Mineral Supplements market from 2019 to 2030 is primarily split into:

Calcium supplements
Magnesium supplements
Other supplements

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Mineral Supplements market from 2019 to 2030 covers:

Direct selling
Supermarket
Pharmaceutical retail
Online sales platform
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)