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Mineral Ingredients Market To Reach USD 16800 Million By Year 2030

Mineral Ingredients Market Size Was Valued at USD 11200 Million in 2023, and is Projected to Reach USD 16800 Million by 2030, Growing at a CAGR of 5.60% From 2023-2030.

Swati Kalagate
Food and Beverages
Pristine Intelligence LLP

Market Overview:

Mineral Ingredients Market Size Was Valued at USD 11200 Million in 2023, and is Projected to Reach USD 16800 Million by 2030, Growing at a CAGR of 5.60% From 2023-2030.

The mineral ingredients market encompasses a wide array of minerals utilized across various industries including food and beverage, pharmaceuticals, cosmetics, and agriculture. These minerals play essential roles in fortifying products with nutritional value, enhancing product efficacy, and providing functional benefits. In the food and beverage sector, minerals such as calcium, iron, magnesium, potassium, and zinc are incorporated into fortified foods, beverages, and supplements to address nutritional deficiencies and promote health. With consumers becoming increasingly health-conscious, there is a growing demand for products enriched with minerals to support overall well-being and address specific health concerns. In the pharmaceutical and nutraceutical industries, mineral ingredients are integral components of dietary supplements and medicinal formulations. These minerals are utilized for their therapeutic properties, supporting bone health, immune function, cardiovascular health, and more. Additionally, minerals like zinc and selenium are gaining attention for their antioxidant properties and potential role in disease prevention. Cosmetic and personal care products utilize mineral ingredients for their skin-nourishing properties and ability to enhance product performance.

Top Key Players Covered in The Mineral Ingredients Market:

    • BASF (Germany)
    • Cargill (United States)
    • DuPont (United States)
    • Lonza (Switzerland)
    • Pfizer (United States)
    • Cognis (Germany)
    • Koninklijke DSM N.V (Netherlands)
    • Arla Foods Amba (Denmark)
    • Akzonobel N.V. (Netherlands)
    • Balchem Corporation (United States)
    • Minerals Technologies Inc. (United States), and Other Major Players

Market Dynamics and Factors:           

Increasing consumer awareness regarding health and wellness, rising demand for fortified food and beverages, and growing application of mineral ingredients in various industries such as food and beverages, pharmaceuticals, and cosmetics. Consumers are becoming more conscious about their dietary intake, seeking products with added minerals to meet their nutritional needs, thus propelling the demand for mineral ingredients. Moreover, the expansion of the food and beverage industry, coupled with technological advancements in mineral fortification techniques, is creating lucrative opportunities for market growth. Additionally, challenges related to taste and texture alterations in fortified products, as well as concerns regarding excessive mineral consumption, pose barriers to market expansion. Economic uncertainties and fluctuations in raw material prices further impact market dynamics. The increasing prevalence of mineral deficiency disorders, rising disposable incomes, and changing consumer preferences towards healthier lifestyles. Market players are focusing on research and development activities to innovate new mineral ingredients and fortification techniques, thereby addressing consumer concerns and expanding their market presence.

 The Mineral Ingredients Market Report Highlight:

    • By Type, the Macronutrients segment takes precedence due to its vital role in nutrition and agriculture. Macronutrients such as nitrogen, phosphorus, and potassium are essential for plant growth and are widely used in fertilizers. They contribute significantly to the market's growth, driven by increasing agricultural activities and the demand for high-yield crops.
    • By Form, the liquid segment asserts dominance, driven by its versatility and ease of use across various industries. Liquid formulations offer convenient integration into diverse products, ranging from beverages and supplements to cosmetics and pharmaceuticals. Their fluid nature enables precise dosing and uniform distribution, enhancing product efficacy and consumer appeal.
    • By Region, The APAC region asserts dominance in the Mineral Ingredients market, propelled by burgeoning industrialization and a robust consumer base. Rich in natural resources, countries like China, India, and Australia lead in mineral extraction and processing, driving market growth. The region's thriving food and beverage, pharmaceutical, and cosmetics industries demand mineral ingredients for various applications, further fueling market expansion. Additionally, technological advancements and increasing investments in research and development bolster innovation and product diversification.

Key Industry Development:

In October 2023, BASF announced an investment to increase production capacity for emollient specialties used in skin and sun protection products at their Düsseldorf site in Germany. This expansion is expected to be completed by the third quarter of 2025 and reflects the growing demand for these ingredients.

In March 2023, BASF announced a significant investment in its aroma ingredients business. This included building new plants in China and Germany to expand their production capacity for citral, menthol, and linalool. These plants are expected to be operational by 2026. This move strengthens BASF's position in the flavor and fragrance market, particularly in key growth regions like China. BASF to invest in its aroma ingredients business by expanding its global production footprint with new plants in China and Germany

The Mineral Ingredients Market Segmentation:

By Type

    • Macronutrients
    • Micronutrients

 By Form

    • Liquid
    • Powder

By Application

    • Bakery & Confectionery
    • Food Supplements
    • Ready to Eat Foods
    • Cosmetics & Personal Care
    • Pharmaceuticals

For this report, Introspective Market Research has segmented the Mineral Ingredients Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

North America

    • The U.S.
    • Canada
    • Mexico

Eastern Europe

    • Russia
    • Bulgaria
    • The Czech Republic
    • Hungary
    • Poland
    • Romania
    • Rest of Eastern Europe

Western Europe

    • Germany
    • UK
    • France
    • Netherlands
    • Italy
    • Spain
    • Rest of Western Europe

Asia Pacific

    • China
    • India
    • Japan
    • Singapore
    • Australia
    • New-Zealand
    • Rest of APAC

Middle East & Africa

    • Turkey
    • Saudi Arabia
    • Qatar
    • UAE
    • Israel
    • South Africa

South America

    • Brazil
    • Argentina
    • Rest of SA
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