Global Mineral Supplements Market Insights Forecasts to 2033.

1. The Global Mineral Supplements Market Size was Valued at USD 15.2 Billion in 2023.
2. The Market Size is Growing at a CAGR of 6.11% from 2023 to 2033.
3. The Worldwide Mineral Supplements Market Size is Expected to Reach USD 27.5 Billion by 2033.
4. Europe is expected to grow the fastest during the forecast period.

The Global Mineral Supplements Market Size is Anticipated to Exceed USD 27.5 Billion by 2033, Growing at a CAGR of 6.11% from 2023 to 2033.  

Market Overview

Mineral supplements are the combination of minerals and other ingredients that bring off the mineral requirement of the body which is not fulfilled from the regular diet. These contain various types of vitamins and minerals that significantly contribute to the nutritional requirement of body health as it is the essential component for maintaining the physiological activities of the body, thus playing an important role in the aspect of nutritional supplements. Mineral supplements have a pivotal role in boosting immunity, supporting body growth and development, helping cells and organs to do their jobs, aid in maintaining optimum health. The awareness among consumers regarding the importance of minerals changing consumer preference towards preventive healthcare, with changing lifestyle and dietary patterns which in turn boost the mineral supplement market globally. There is an increasing adoption of consumption of mineral supplements in the geriatric population to maintain their optimal health and prevent rising age-related conditions like osteoporosis, arthritis, and cognitive decline. The advancement in formulation technology has led to the development of specialized mineral supplements. The development of personalized supplements which is based on an individual’s genetic makeup, lifestyle, and health goals.  

Report Coverage

This research report categorizes the market for the global mineral supplements market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global mineral supplements market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global mineral supplements market.

Driving Factors

The rising prevalence of micronutrient deficiencies, increasing the need for mineral supplements. The availability of multivitamins and minerals in the form of tablets, capsules, powders, and liquids driving the mineral supplements market. The rising awareness about the significance of mineral supplements in developed countries leads to the adoption of consumption of mineral supplements to maintain a healthy lifestyle. While in developing countries, the market is driven by the need to address nutritional deficiencies and improve overall health outcomes. The rising microeconomic factors like disposable incomes and consumer purchasing power of health and wellness products contribute to the growth of the mineral supplement market. The rising urbanization and changing lifestyles are also significant factors in the market demand for mineral supplements due to sedentary unhealthy lifestyles.

Restraining Factors

The revelation of side effects such as sedentary habits and unhealthy lifestyles has a significant impact on the purchasing of mineral supplements. Misinformation or exaggerated claims about adverse effects, lead consumers to prefer natural minerals over supplements. The warning label about potential side effects which is required by regulatory bodies can inadvertently create apprehension, lowering the trust in the safety of the products.

Market Segmentation

The Global Mineral Supplements Market share is classified into formulation, product, and end-user.

• The tablets and capsules segment is expected to hold the largest share of the global mineral supplements market during the forecast period.    

Based on the formulation, the global mineral supplements market is divided into powder, capsule & tablets, liquid, and others. Among these, the capsule & tablet segment is expected to hold the largest share of the global mineral supplements market during the forecast period. Capsule & tablet forms of drugs are the most common, safer, and effective forms for the delivery of vital vitamins and minerals and thus are highly preferred by the geriatric population. Tablets are smooth and hard but easily dissolve into the digestive system. Similarly, the capsule shell gets dissolved by digestive juices. Special coated form tablets and capsules are available in the market such as enteric coated, chewable, sublingual & buccal, effervescent, and sustained release to get dissolve at the desired site.

• The calcium segment is expected to grow at the fastest pace in the global mineral supplements market during the forecast period.    

Based on the product, the global mineral supplements market is divided into calcium, magnesium, and vitamins. Among these, the calcium segment is expected to grow at the fastest pace in the global mineral supplements market during the forecast period. The growing awareness about the importance of bone health for fitness and health, increasing the demand for calcium segment. It helps to maintain bone strength, preventing conditions such as stress fractures that are common among athletes and fitness enthusiasts. Factors such as sedentary lifestyles, inadequate dietary intake, and growing emphasis on wellness have further propelled the market of mineral supplements in the calcium segment.

• The female segment is expected to grow at the greatest pace in the global mineral supplements market during the forecast period.

Based on the end-user, the global mineral supplements market is divided into men, women, and children. Among these, the female segment is expected to grow at the greatest pace in the global mineral supplements market during the forecast period. The female has the highest consumption of vitamin B6 (niacin). Females consume fewer nutrients than the recommended dietary allowance. Minerals like magnesium, calcium, iron, zinc, iodine, and selenium are important to consume for maintaining proper metabolic function, hormone balance, and bone strength.  

Regional Segment Analysis of the Global Mineral Supplements Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the global mineral supplements market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the global mineral supplements market over the predicted timeframe. The trend for consumption of healthier diet is considerably growing as per analysis reports majorly from India, China, Japan, Australia, and New Zealand countries as these countries have several small, local, and global raw material production of mineral supplements. There is continuous market growth in the market in the region.

Europe is expected to grow at the fastest pace in the global mineral supplements market during the forecast period. The presence of major market players in mineral supplements in countries like the UK, Germany, France, Italy, and Spain has gained more popularity as there is an increasing number of working population. The increasing prevalence of diabetes and obesity are responsible for the growing market demand for mineral supplements.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global mineral supplements along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Abbott
• Sanofi
• Amway
• Bayer AG
• Nestle
• Herbalife International of America, Inc.
• Pharmavite LLC
• Biovea
• GSK Plc.
• Pfizer, Inc
• Glanbia Plc
• Otsuka Pharmaceutica Co., Ltd.
• Bio Botanica, Inc.
• DSM
• Omega Protein Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In May 2023, Nature’s way launched Brain Fuel, a cognitive support supplement. The formula includes Cognigrape red grape extract as well as vitamin B6 and vitamin B12.

• In April 2023, Pharmavite LLC, Makers of Nature Made Vitamins, breaks ground on a new production facility in New Albany, Ohio to support continued business growth.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Mineral Supplements Market based on the below-mentioned segments:

Global Mineral Supplements Market, By Formulation

• Powder
• Capsule & tablets
• Liquid
• Others

Global Mineral Supplements Market, By Product

• Calcium
• Magnesium

Global Mineral Supplements Market, By End-use

• Men
• Women
• Children

Global Mineral Supplements Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa