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Mineral Supplements Market Trends

Report ID: GMI9308
Published Date: Apr 2024
Report Format: PDF

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Mineral Supplements Market Trends

The growing technology advancement developing novel products like microencapsulation is significantly impacting the market. Microencapsulation involves encapsulating active ingredients, such as minerals, within microscopic particles, enhancing their stability, bioavailability, and controlled release. This innovation aimed to address challenges such as mineral degradation, taste masking, and targeted delivery, improving the overall efficacy.

Further, manufacturers in the nutraceutical sector are placing significant emphasis on innovative technologies to meet consumer’s demand for customized products tailored to their nutritional requirements. For instance, Dr. Paul Lohmann GmbH & Co. KGaA provided an extensive selection of food and nutritional supplements containing microencapsulated mineral salt products. Thus, microencapsulation is driving the development of next-generation mineral supplements with enhanced benefits and functionalities, thereby driving market growth and diversification.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The mineral supplements market size was valued at USD 14.8 billion in 2023 and is estimated to grow at 4.7% CAGR from 2024 to 2032, driven by the increasing awareness and concerns over nutritional deficiencies among geriatric population.

The calcium supplements segment in the mineral supplement market is likely to reach USD 9.1 billion by 2032, due to the increasing prevalence of osteoporosis and bone-related disorders.

North America mineral supplements market size generated USD 5 billion in revenue in 2023, attributed to the rising prevalence of digestive disorders like irritable bowel syndrome (IBS) and gastroesophageal reflux disease.

Abbott Laboratories, Amway Corp., Bayer AG, Bio Botanica, Inc., BIOVEA, Catalent, Inc., Dr. Paul Lohmann GmbH & Co. KGaA, Glanbia plc., Herbalife International of America, Inc., Mineral Resources International, Inc., Nestlé S.A., NV Labs., Pfizer Inc, and Pharmavite.