Food Minerals Market Synopsis
Food Minerals Market Size Was Valued at USD 1.7 Billion in 2023, and is Projected to Reach USD 2.7 Billion by 2032, Growing at a CAGR of 5.2% From 2024-2032.
Food minerals are naturally occurring chemical elements that need to be included in the diet of any individual so as to ensure the right development and functionality of various body organs. Some of the food sources of minerals include the fruits and vegetables, whole grain products, legumes, nuts and seeds, dairy products, lean meat, fish, and seafood. Based on the U. S. Food & Drug Administration’s guidelines, the daily intake of some compounds includes zinc with the recommended quantity being 11 milligrams, magnesium with 420 milligrams, calcium’s recommended dose being 1300 milligrams, iron’s recommended dose being 18 milligrams among others. Thisopposes that sufficient food sources exist as it is well understood that most foods can be consumed in moderation while also identifying that it is essential that proper percentages are maintained to have a sufficient intake of these invaluable minerals for living a healthy lifestyle.
It has been seen that the healthcare costs are increasing and this has been considered to be a key driver to the minerals market. Hence, as per the report of Tennessee Advisory Commission on Intergovernmental Relations, in the U. S. , the overall cost of healthcare was raised in 2019 compared to 2018 and the spending also raised 4. 6% up to $3. 6 trillion. Because of such a sharp increase in health care costs, individuals are turning to mineral and nutrient supplements in order to keep healthy and avert infection and diseases. Hence, the increasing consumer concern to spend more on food supplements, particularly minerals that help prevent diseases and infections, will propel the food minerals market share.
- Manufacturers are changing ways in which they market and brand their products to achieve higher sales in different countries. Producers have applied sophisticated strategies to increase consumer demand for mineral supplements by innovating new products and packaging. One of the strategies practiced by producers to attract more consumers is incorporating natural ingredients in the production of minerals which have no negative impacts on the health of consumers. This goes a long way in increasing the revenue of businesses that operate in this sector. All these strategies employed by manufacturers contribute to the food minerals industry as described below.
- The consumption of plant-based minerals has improved because more people now are becoming conscious of products that have not been tested on animals and also because of concern for the environment. Growth in the count of people getting immersed in corporate life and giving significance to diet and nutritional needs of the body to avoid health issues also contributes to the food minerals market growth. The market is expected to be driven by growing consumer expenditure in health supplements. The main driving forces that can be seen positively influencing the future growth of the market are the rising health concerns and higher disposable income. The change in consumers’ awareness due to advertisements, social media blogs, YouTube channels, and influencers can be expected to drive the food minerals market demand higher.
- Despite the growing demand for food minerals it has not hurdles because fake supplements are available in the market. Since synthetic mineral supplements are directly related to the welfare of consumers, it is crucial to establish the safety of the ingredients and supplement products. Some regulatory agencies like the FDA (Food and Drug Administration) is ensuring that contaminated & hazardous dietary supplements do not reach the market to harm the consumers. But the firms that offer health supplements should adhere to the standards set out in the Dietary Supplement Health and Education Act (DSHEA) and the FDA regulations. Additionally, firms producing dietary supplements need to assess their products to confirm that they are not contaminated and duly labeled for safe consumption. For instance, if a food supplement has a new component incorporated in it, the manufacturers are required to notify the FDA before marketing the food supplement. Therefore, increased regulatory policies on the manufacture of food minerals will negatively affect the expansion of the food minerals market.
Food Minerals Market Trend Analysis
Rise in the logistics channel and development of distribution networks
- The demand for more logistic analysis and an enhancement of how distribution networks like pharmacy, health shops, supermarkets, and websites will also be beneficial for the global food minerals market size during the forecasts timeframe. It has become clear that food minerals of various sorts exhibit anti-inflammatory and anti-oxidizing properties. It assists in lowering high blood pressure levels and also having a good control of blood sugar. The following health benefits can therefore be associated with the consumption of food minerals: enhance eye health, boost memory, reduce the risks of heart diseases and control obesity. Other than this, it assists in managing disorders of the digestion system, heart complications, renal complaints, endocrinal complications, and musculoskeletal comments.
Rise in female population to overcome post menopause conditions
- Increasing concern of female to have food minerals to overcome post menopause conditions also forms market opportunities for food minerals. Common diseases that affect post-menopause female are anemia, osteoporosis, osteoarthritis, fibromyalgia, obesity, and depression. : In the view of the World Health Organization (WHO), 18. According to the worldwide data, 0% of women above 60 years have osteoarthritis and among them, only 80% restricted in movement and 25% unable to perform major tasks. The Food and Drug Administration (FDA) noted that women take dietary supplements to treat perimenopausal symptoms in August 2019. Mineral supplement designed to help in the prevention of certain post-menopause related diseases like osteoporosis is likely to enhance acceptance about the women’s healthcare mineral supplements. Sedentary lifestyle and alteration in diet, improper nutrient intake also leads to cases of fertility disorders and other complaints in women. Diseases such as ovarian, breast and cervical cancer among women will boost the growth of the food minerals market forecast.
Food Minerals Market Segment Analysis:
Food Minerals Market is segmented based on Type, Application and Source.
By Type, Magnesium segment is expected to dominate the market during the forecast period
- Based on Type, Zinc, Magnesium, Calcium, Iodine, Copper, Chromium, and Iron are the leading segments in the market. Magnesium is projected to remain the largest Application segment in terms of market share until 2029. This is mainly owed to situations like insomnia, asthma, hypertension, diabetes, and constipation, among others. It is life-imperative because its ions are responsible for releasing the energy chemical, adenosine triphosphate. These magnesium food minerals play an important role in controlling several enzymatic activities which include fatty acid synthesis and proteins, nerve conduction, and food digestion. Magnesium also has applications as an ingredient and/additive that complements energy. It also aids in the maintenance of potassium and sodium balance which has created market demand for mineral-rich foods.
- However, the Zinc segment is expected to grow at a CAGR of 5 percent in comparison to the expected growth rate of more than 6 percent for the Copper and Coal segments. It is expected to reduce by 3% at the end of the forecast period based on the current trend. This influx is acknowledged to be a rise in instances of melancholy and anxiety due to tight programs and unhealthful eating that is expected to stir the market for the zinc mineral supplements due to cortisol and adrenaline functions. The breakdown of neurotransmitters is facilitated by working with vitamin B6 to ensure the proper positioning of these neurotransmitters in the brain thus promoting market growth.
By Application, Pharmaceuticals Industry segment held the largest share in 2023
- Based on the Application, the market has been categorized into Nutraceuticals Industry, Pharmaceuticals Industry, and Food & Beverage Industry. According to market estimations, the Pharmaceuticals Industry segment is anticipated to be the largest in terms of market share by 2029. Among all the transition metal elements, Zinc can be said to be the most commonly used in developing pharmaceutical drugs. Some of the well-known organometallic complexes include gold complexes such as sodium aurothiomalate and auranofin that are used in medication. It is used in the pharmaceutical business as lubricants, desiccants, disintegrants, diluents, binders, pigments, and opacifiers besides emulsifying, thickening, isotonic agents and anticaking negotiators, savour correctors and active ingredient juggernauts.
Food Minerals Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
- The Food Minerals market share of North America would be 48% due to consistent consumption of healthy and nutritional food in the region. To achieve these objectives, the following strategies will be implemented during the forecast period: Total market share is projected to rise to 2%. The commodity market in North American countries including Canada and United States regarding food minerals is expected to expand in the future because of the increasing cases of obesity and consciousness of healthy living elevated in North America, in conjunction with rising end user inclination towards minerals such as magnesium, zinc and calcium. Over all weights continue to rise among youths in the region, especially with emphasis on healthy living and comprehensive weight reduction explanations focusing on general physique well-being. Obesity is one of the main causes of diabetes, hypertension, and other types of heart diseases inclusive of stroke, coronary artery disease, and angina. All of these factors are still subsidizing customer preference shift towards natural mineral products including calcium, magnesium and zinc thereby supporting regional industry development.
Active Key Players in the Food Minerals Market
- Cargill,
- Incorporated
- Waitaki Bio
- SPI Pharma, Inc.
- Archer-Daniels-Midland Company
- Sigma Minerals Limited
- ABF Ingredients Limited
- CalciTech Europe Limited
- Calspar India
- Balchem Corporation
- Adani Pharmachem Private Limited
- Other Key Players
Key Industry Developments in the Food Minerals Market:
- In August 2022, Balchem Corporation completed the purchase of Cardinal Associates Inc. ( Bergstrom Nutrition ),the science- based manufacturer of Methylsulfonylmethane in an effort to add minerals and nutrients to it product line.
Food Minerals Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1.7 Bn. |
Forecast Period 2024-32 CAGR: |
5.2 % |
Market Size in 2032: |
USD 2.7 Bn. |
Segments Covered: |
By Type |
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By Application |
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By Source |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Source
3.3 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Food Minerals Market by Type
5.1 Food Minerals Market Overview Snapshot and Growth Engine
5.2 Food Minerals Market Overview
5.3 Magnesium
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Magnesium: Grographic Segmentation
5.4 Iron
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Iron: Grographic Segmentation
5.5 Calcium
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Calcium: Grographic Segmentation
5.6 Others
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Others: Grographic Segmentation
Chapter 6: Food Minerals Market by Source
6.1 Food Minerals Market Overview Snapshot and Growth Engine
6.2 Food Minerals Market Overview
6.3 Fruits
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Fruits: Grographic Segmentation
6.4 Vegetables
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Vegetables: Grographic Segmentation
6.5 Seaweed
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Seaweed: Grographic Segmentation
6.6 Nuts
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Nuts: Grographic Segmentation
6.7 Marine
6.7.1 Introduction and Market Overview
6.7.2 Historic and Forecasted Market Size (2017-2032F)
6.7.3 Key Market Trends, Growth Factors and Opportunities
6.7.4 Marine: Grographic Segmentation
6.8 Others
6.8.1 Introduction and Market Overview
6.8.2 Historic and Forecasted Market Size (2017-2032F)
6.8.3 Key Market Trends, Growth Factors and Opportunities
6.8.4 Others: Grographic Segmentation
Chapter 7: Food Minerals Market by Application
7.1 Food Minerals Market Overview Snapshot and Growth Engine
7.2 Food Minerals Market Overview
7.3 Food & Beverages
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Food & Beverages: Grographic Segmentation
7.4 Pharmaceuticals & Nutraceuticals
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Pharmaceuticals & Nutraceuticals: Grographic Segmentation
7.5 Animal Feed
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size (2017-2032F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Animal Feed: Grographic Segmentation
7.6 Others
7.6.1 Introduction and Market Overview
7.6.2 Historic and Forecasted Market Size (2017-2032F)
7.6.3 Key Market Trends, Growth Factors and Opportunities
7.6.4 Others: Grographic Segmentation
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Positioning
8.1.2 Food Minerals Sales and Market Share By Players
8.1.3 Industry BCG Matrix
8.1.4 Ansoff Matrix
8.1.5 Food Minerals Industry Concentration Ratio (CR5 and HHI)
8.1.6 Top 5 Food Minerals Players Market Share
8.1.7 Mergers and Acquisitions
8.1.8 Business Strategies By Top Players
8.2 CARGILL INCORPORATED.
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Operating Business Segments
8.2.5 Product Portfolio
8.2.6 Business Performance
8.2.7 Key Strategic Moves and Recent Developments
8.2.8 SWOT Analysis
8.3 ARCHER DANIELS MIDLAND COMPANY (ADM)
8.4 CALCITECH EUROPE LIMITED
8.5 SIGMA MINERALS LTD.
8.6 WAITAKI BIO
8.7 AB ENZYMES
8.8 DANGOTE INDUSTRIES LIMITED
8.9 CK INGREDIENTS
8.10 EISAI CO.LTD.
8.11 AVION PHARMACEUTICALS LLC
8.12 OMYA AG
8.13 MICRONUTRIENTS
8.14 ABF INGREDIENTS
8.15 ALGAECALINC
8.17 SPI PHARMA
8.17 OHLY
8.18 K+S AKTIENGESELLSCHAFT
8.19 ABITEC
8.20 OTHER MAJOR PLAYERS
Chapter 9: Global Food Minerals Market Analysis, Insights and Forecast, 2017-2032
9.1 Market Overview
9.2 Historic and Forecasted Market Size By Type
9.2.1 Magnesium
9.2.2 Iron
9.2.3 Calcium
9.2.4 Others
9.3 Historic and Forecasted Market Size By Source
9.3.1 Fruits
9.3.2 Vegetables
9.3.3 Seaweed
9.3.4 Nuts
9.3.5 Marine
9.3.6 Others
9.4 Historic and Forecasted Market Size By Application
9.4.1 Food & Beverages
9.4.2 Pharmaceuticals & Nutraceuticals
9.4.3 Animal Feed
9.4.4 Others
Chapter 10: North America Food Minerals Market Analysis, Insights and Forecast, 2017-2032
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Type
10.4.1 Magnesium
10.4.2 Iron
10.4.3 Calcium
10.4.4 Others
10.5 Historic and Forecasted Market Size By Source
10.5.1 Fruits
10.5.2 Vegetables
10.5.3 Seaweed
10.5.4 Nuts
10.5.5 Marine
10.5.6 Others
10.6 Historic and Forecasted Market Size By Application
10.6.1 Food & Beverages
10.6.2 Pharmaceuticals & Nutraceuticals
10.6.3 Animal Feed
10.6.4 Others
10.7 Historic and Forecast Market Size by Country
10.7.1 U.S.
10.7.2 Canada
10.7.3 Mexico
Chapter 11: Europe Food Minerals Market Analysis, Insights and Forecast, 2017-2032
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Type
11.4.1 Magnesium
11.4.2 Iron
11.4.3 Calcium
11.4.4 Others
11.5 Historic and Forecasted Market Size By Source
11.5.1 Fruits
11.5.2 Vegetables
11.5.3 Seaweed
11.5.4 Nuts
11.5.5 Marine
11.5.6 Others
11.6 Historic and Forecasted Market Size By Application
11.6.1 Food & Beverages
11.6.2 Pharmaceuticals & Nutraceuticals
11.6.3 Animal Feed
11.6.4 Others
11.7 Historic and Forecast Market Size by Country
11.7.1 Germany
11.7.2 U.K.
11.7.3 France
11.7.4 Italy
11.7.5 Russia
11.7.6 Spain
11.7.7 Rest of Europe
Chapter 12: Asia-Pacific Food Minerals Market Analysis, Insights and Forecast, 2017-2032
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Type
12.4.1 Magnesium
12.4.2 Iron
12.4.3 Calcium
12.4.4 Others
12.5 Historic and Forecasted Market Size By Source
12.5.1 Fruits
12.5.2 Vegetables
12.5.3 Seaweed
12.5.4 Nuts
12.5.5 Marine
12.5.6 Others
12.6 Historic and Forecasted Market Size By Application
12.6.1 Food & Beverages
12.6.2 Pharmaceuticals & Nutraceuticals
12.6.3 Animal Feed
12.6.4 Others
12.7 Historic and Forecast Market Size by Country
12.7.1 China
12.7.2 India
12.7.3 Japan
12.7.4 Singapore
12.7.5 Australia
12.7.6 New Zealand
12.7.7 Rest of APAC
Chapter 13: Middle East & Africa Food Minerals Market Analysis, Insights and Forecast, 2017-2032
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Type
13.4.1 Magnesium
13.4.2 Iron
13.4.3 Calcium
13.4.4 Others
13.5 Historic and Forecasted Market Size By Source
13.5.1 Fruits
13.5.2 Vegetables
13.5.3 Seaweed
13.5.4 Nuts
13.5.5 Marine
13.5.6 Others
13.6 Historic and Forecasted Market Size By Application
13.6.1 Food & Beverages
13.6.2 Pharmaceuticals & Nutraceuticals
13.6.3 Animal Feed
13.6.4 Others
13.7 Historic and Forecast Market Size by Country
13.7.1 Turkey
13.7.2 Saudi Arabia
13.7.3 Iran
13.7.4 UAE
13.7.5 Africa
13.7.6 Rest of MEA
Chapter 14: South America Food Minerals Market Analysis, Insights and Forecast, 2017-2032
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Type
14.4.1 Magnesium
14.4.2 Iron
14.4.3 Calcium
14.4.4 Others
14.5 Historic and Forecasted Market Size By Source
14.5.1 Fruits
14.5.2 Vegetables
14.5.3 Seaweed
14.5.4 Nuts
14.5.5 Marine
14.5.6 Others
14.6 Historic and Forecasted Market Size By Application
14.6.1 Food & Beverages
14.6.2 Pharmaceuticals & Nutraceuticals
14.6.3 Animal Feed
14.6.4 Others
14.7 Historic and Forecast Market Size by Country
14.7.1 Brazil
14.7.2 Argentina
14.7.3 Rest of SA
Chapter 15 Investment Analysis
Chapter 17 Analyst Viewpoint and Conclusion
Food Minerals Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1.7 Bn. |
Forecast Period 2024-32 CAGR: |
5.2 % |
Market Size in 2032: |
USD 2.7 Bn. |
Segments Covered: |
By Type |
|
|
By Application |
|
||
By Source |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Food Minerals Market research report is 2024-2032.
Cargill, Incorporated, Waitaki Bio, SPI Pharma, Inc., Archer-Daniels-Midland Company, Sigma Minerals Limited, ABF Ingredients Limited, CalciTech Europe Limited, Calspar India, Balchem Corporation, Adani Pharmachem Private Limited, and Other Major Players..
The Food Minerals Market is segmented into type, application, source, and region. By type, the market is categorized into Zinc, Magnesium, Calcium, Iodine, Copper, Chromium, and Iron. By application, the market is categorized into Nutraceuticals Industry, Pharmaceuticals Industry, and Food & Beverage Industry. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Food minerals are those that are necessary to be integrated into body to enable health and fitness. Minerals are vital nutrients essential in the digestion process, boosting the immune system, performance of our body, mental well-being, and eating disorders. This is because the quality of agricultural produce and food products being produced in the market is not up to quality hence they affect people health and do not meet the body’s nutrition requirements. Hence it was slightly challenging to meet the required daily food mineral and nutrient intake from the normal diet. As such, mineral supplements are taken in to attain these RDAs which represent daily nutrient requirements. Therefore, the growth of food mineral supplements is gaining pace on an international level, contributing to the growth of the food minerals market.
Food Minerals Market Size Was Valued at USD 1.7 Billion in 2023, and is Projected to Reach USD 2.7 Billion by 2032, Growing at a CAGR of 5.2% From 2024-2032.