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Mineral Ingredients Market Research Report 2023

Mineral Ingredients Market Size By Type (Macronutrients, Micronutrients), Form (Powder, Liquid, Others), Application (Bakery & Confectionery, Food Supplement, Ready To Eat Foods, Cosmetics & Personal Care, Pharmaceuticals, Others), And Region Global Market Analysis And Forecast, 2023- 2032

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Report ID: 6

Categories: Food and Beverages

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Summary TOC Segmentation Methodology

Mineral Ingredients Market Synopsis

The Global Mineral Ingredients market size was reasonably estimated to be approximately USD 11200 Million in 2023 and is poised to generate revenue over USD 16800 Million by the end of 2030, projecting a CAGR of around 5.60% from 2023 to 2030.

Mineral ingredients refer to naturally occurring inorganic substances that are essential for various biological processes in the body. Some common mineral ingredients include calcium, iron, magnesium, zinc, copper, manganese, and selenium.

  • Calcium is important for bone health, muscle function, and nerve transmission. Iron is necessary for the formation of red blood cells and helps transport oxygen throughout the body. Magnesium is essential for energy production, muscle and nerve function, and bone health.
  • Zinc is necessary for immune function, wound healing, and cell growth and division. Copper plays a role in the formation of connective tissues and the production of energy. Manganese is important for bone health and helps regulate metabolism. Selenium is an antioxidant that helps protect cells from damage and supports immune function.
  • These minerals can be obtained through a balanced diet that includes a variety of whole foods such as fruits, vegetables, whole grains, lean proteins, and dairy products. In some cases, mineral supplements may be recommended by a healthcare provider to address specific deficiencies or medical conditions. Minerals are essential nutrients that your body needs to function properly. They play various roles in your body, including helping to build strong bones and teeth, regulate your metabolism, and maintain proper nerve function. Here are some benefits of different mineral ingredients:
  • Calcium: Calcium is essential for building and maintaining strong bones and teeth. It also helps with muscle function, nerve signaling, and blood clotting. Iron: Iron is necessary for the formation of hemoglobin, a protein in red blood cells that carries oxygen throughout your body. It also helps with energy production and immune function. Overall, minerals are essential for various bodily functions and should be consumed as part of a balanced diet.

Top Key Players Involved Are:

"BASF, Cargill, DuPont, Lonza, Pfizer, Cognis , Koninklijke DSM N.V, Arla Foods Amba, Akzonobel N.V., Balchem Corporation, Minerals Technologies Inc, Gadot Biochemical Industries Ltd, Yara International ASA, Jungbunzlauer Suisse AG, Compass Minerals International Inc,Corbion N.V and Other Major Players."

Mineral Ingredients

Mineral Ingredients Market Trend Analysis

Increasing Prevalence of Cardiovascular Diseases

  • Minerals play a key role in reducing the risk of cardiovascular disease (CVD) in several ways. Here are some ways mineral ingredients can help:
  • Calcium: Calcium helps reduce the risk of CVD by maintaining strong bones and teeth, which can help prevent fractures and falls that can lead to heart problems. Additionally, calcium may help reduce blood pressure and cholesterol levels, which are risk factors for CVD.
  • Magnesium: Magnesium helps regulate blood pressure and supports heart health by helping to relax blood vessels and improving blood flow. Magnesium may also help reduce inflammation, which is a risk factor for CVD.
  • Potassium: Potassium helps regulate blood pressure by counteracting the effects of sodium on blood pressure. High potassium intake has been associated with a lower risk of stroke and other forms of CVD.
  • Zinc: Zinc helps protect against oxidative stress, which can contribute to the development of CVD. Additionally, zinc plays a role in immune function and wound healing, which can help prevent and treat CVD.
  • Selenium: Selenium is an antioxidant that helps protect against oxidative stress and inflammation, which are risk factors for CVD. Selenium may also improve blood vessel function and reduce the risk of blood clots. However, including mineral-rich foods as part of a balanced diet can help reduce the risk of CVD by supporting overall health and reducing risk factors such as high blood pressure and inflammation. Additionally, if you have a mineral deficiency, taking supplements under the guidance of a healthcare provider may be beneficial. Thus, the increasing cardiovascular Disease driving growth for the Mineral Ingredients Market.

Growing Application in the Supplement Industry

  • The dietary supplement industry's increased need for mineral components will boost the market outlook throughout the projection period. Consumers' increased focus on health and prevention, increased knowledge of chronic illnesses and cancer conditions, and movement towards nutritional and dietary supplements will all contribute to market development. Mineral component increase in dietary supplements is pushing firms to invest heavily in R&D to produce products tailored to various age groups, genders, and uses.
  • The supplement industry is one of the main markets for mineral ingredients, and companies can increase opportunities in this sector by: Offering a diverse range of mineral ingredients: Develop a wide range of mineral ingredients with different forms, bioavailability, and benefits that meet the needs of the supplement industry.
  • Partnering with supplement manufacturers: Collaborate with supplement manufacturers to develop innovative products that include mineral ingredients and meet consumer needs.
  • By adopting these strategies, companies can increase the opportunities for mineral ingredients in the supplement industry and contribute to the growth and development of this sector. Thus, providing the supplement through the mineral ingredients is creating major opportunity for the mineral ingredient Market.

Segmentation Analysis of Mineral Ingredients Market

Mineral Ingredients Market segments covers the Type, Form, and Application. By Type, Form and Application. Macronutrients segment is Anticipated to Dominate the Market Over the Forecast period.

  • Macronutrients are found in a variety of foods, but determining the appropriate quantity to ingest may be tricky. A variety of factors can also alter the number of macronutrients that people require. Macronutrients are nutrients that individuals need in big amounts on a regular basis to supply energy to their bodies for biological processes and everyday activities.
  • Most often, macronutrients include proteins, carbs, and fats, although some individuals may also add other nutrients that people require in high quantities, such as water. Macronutrients provide the majority of the body's energy and calories. Each macronutrient has its own set of advantages and functions in keeping a healthy body. Individual variables such as weight, age, and underlying health issues may influence how much of each macronutrient a person needs.
  • Carbohydrates are the predominant fuel source. Trusted source of energy for various bodily tissues and the brain's principal energy source. Carbohydrates may be broken down by the body into glucose, which flows from the bloodstream into the body's cells and enabling them to operate.

Regional Analysis of Mineral Ingredients Market

North America is Expected to Dominate the Market Over the Forecast period.

  • North America is one of the largest markets for mineral ingredients, accounting for a significant share of the global market. The region's dominance is attributed to several factors, including:
  • High consumer awareness and demand for nutritional supplements and fortified foods: North American consumers are highly aware of the importance of adequate mineral intake for maintaining optimal health and wellness. This has led to a significant demand for mineral ingredients in the supplement and food industries. Well-established pharmaceutical and personal care industries: The region has well-established pharmaceutical and personal care industries that use mineral ingredients as key components in their products.
  • Technological advancements: North America is home to some of the world's leading companies in the mineral ingredients market, which have access to advanced technologies and expertise in research and development. Favorable regulatory environment: The regulatory environment in North America is relatively favorable for the mineral ingredients market, with clear guidelines and regulations that ensure the safety and efficacy of these ingredients.
  • Growing trend towards natural and organic products: The region has witnessed a growing trend towards natural and organic products, including those that contain mineral ingredients. Overall, North America's dominance in the mineral ingredients market is expected to continue, with increasing demand for these ingredients in various industries, including food, supplements, pharmaceuticals, and personal care products.

Covid-19 Impact Analysis on Mineral Ingredients Market

  • The COVID-19 pandemic has had a mixed impact on the mineral ingredients market. On one hand, the pandemic has led to increased demand for health and wellness products, including supplements and fortified foods, which has boosted the demand for mineral ingredients. On the other hand, the pandemic has also disrupted supply chains and manufacturing operations, leading to some challenges for the industry.
  • Here are some of the ways in which the COVID-19 pandemic has impacted the mineral ingredients market: Increased demand for health and wellness products: With the COVID-19 pandemic, there has been a heightened focus on health and wellness, and consumers are increasingly turning to supplements and fortified foods to support their immune systems. This has led to increased demand for mineral ingredients. Disrupted supply chains: The pandemic has disrupted supply chains and caused delays in the delivery of raw materials and finished products, which has impacted the production and distribution of mineral ingredients.
  • Uncertainty and volatility: The pandemic have created significant uncertainty and volatility in the global economy, which has impacted the mineral ingredients market. Companies have had to adapt to changing market conditions and consumer demand. Overall, while the COVID-19 pandemic has created some challenges for the mineral ingredients market, it has also created new opportunities for companies to meet the growing demand for health and wellness products.

Top Key Players Covered in Mineral Ingredients Market

  • BASF
  • Cargill
  • DuPont
  • Lonza
  • Pfizer
  • Cognis
  • Koninklijke DSM N.V
  • Arla Foods Amba
  • Akzonobel N.V.
  • Balchem Corporation
  • Minerals Technologies Inc
  • Gadot Biochemical Industries Ltd
  • Yara International ASA
  • Jungbunzlauer Suisse AG
  • Compass Minerals International Inc
  • Corbion N.V and Other Major Players

Key Industry Developments in Mineral Ingredients Market

In July 2021, Minerals Technologies Inc. Acquired Normerica Inc., a prominent North American provider of premium pet care products. MTI is funding the transaction using cash on hand as well as current credit arrangements. The acquisition of Normerica is projected to boost MTI's profits per share in 2021.

In July 2021, Corbion has purchased the entirety of Granolife for an unknown sum. Granolife is a prominent participant in the Mexican baking and fortification sectors, producing functional mixtures. The firm, situated in Querétaro, Mexico, employs around 60 people and maintains a manufacturing plant as well as an application and research centre. With immediate effect, Corbion has taken over the Granolife company.

Global Mineral Ingredients Market

Base Year:

2022

Forecast Period:

2023- 2032

Historical Data:

2016 to 2021

Market Size in 2023:

USD 11200 Mn.

Forecast Period 2023- 30 CAGR:

5.60%

Market Size in 2030:

USD 16800 Mn.

Segments Covered:

By Type

  • Macronutrients
  • Micronutrients

By Form

  • Liquid
  • Powder
  • Others

By Application

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

By Region

  • North America (US, Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Frequently Asked Questions

What would be the forecast period in Mineral Ingredients Market research report?

The forecast period in Mineral Ingredients Market research report is 2023-2032.

Who are the key players in Mineral Ingredients Market?

BASF, Cargill, DuPont, Lonza, Pfizer, Cognis, Koninklijke DSM N.V, Arla Foods Amba, Akzonobel N.V., Balchem Corporation, Minerals Technologies Inc, Gadot Biochemical Industries Ltd, Yara International ASA, Jungbunzlauer Suisse AG, Compass Minerals International Inc, Corbion N.V) and Other key players.

What are the segments of Mineral Ingredients Market?

Mineral Ingredients Market is segmented into Type, Form, Application and region. By Type, the market is categorized into Micronutrients and Macronutrients. By Form, the market categorized into Liquid, Powder and Others. By Application, the market is categorized into Bakery & Confectionery, Food Supplements, Ready to Eat Foods, Cosmetics & Personal Care, Pharmaceuticals and Others. By region, it is analyzed across North America (US; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia Pacific (China; India; Japan; South Korea; Malaysia; Thailand; Vietnam; The Philippines; Australia; New Zealand; Rest of APAC), Middle East & Africa (Turkey; Bahrain; Kuwait; Saudi Arabia; Qatar; UAE; Israel; South Africa), South America (Brazil; Argentina; Rest of SA).

What is Mineral Ingredients Market?

Mineral ingredients refer to naturally occurring inorganic substances that are essential for various biological processes in the body. Some common mineral ingredients include Calcium, Iron, Magnesium, Zinc, Copper, Manganese, And Selenium.

How big is Mineral Ingredients Market?

The Global Mineral Ingredients market size was reasonably estimated to be approximately USD 11200 Million in 2023 and is poised to generate revenue over USD 16800 Million by the end of 2030, projecting a CAGR of around 5.60% from 2023 to 2030.

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