Global Food Minerals Market, By Type (Zinc, Magnesium, Calcium, Iron, Copper, Iodine, Chromium, Chloride, Others), Source (Marine, Fruits, Vegetables, Seaweed, Nuts, Others), Application (Beverages, Dairy, Sweets, Savory, Others), End User (Nutraceutical, Pharmaceutical, Food and Beverages), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Food Minerals Market
Food minerals market size is expected to grow at a compound annual growth rate of 5.2% in the forecast period 2021 to 2028. The rise in the product acceptance and usage is the factor responsible for the growth of food minerals market in the forecast period of 2021 to 2028.
Minerals play a very significant role in preventing heart ailments and cancer in people along with eradicating nutritional deficiency as well as chronic diseases. They are the inorganic materials which help the human beings to maintain good health. Various minerals such as zinc, calcium and iron are the highly used minerals in foods as they help in promoting health and dropping the ailments.
The major growing factor towards food minerals market is the rise in demand for natural food-based minerals in nutraceuticals and pharmaceuticals. Furthermore, the rise in the health and wellness concerns with hectic lifestyles and the high demand for nutritional ingredients in sweets, beverages and food are also expected to heighten the overall demand for food minerals market over the forecast period of 2021 to 2028. Moreover, the rapid surge in the logistics analytics and up-gradation of distribution channels such as pharmacies, health stores, supermarkets, and web portals and rise in the number of new product launches are also expected to serve as foremost drivers for the food minerals market at a global level. In addition, the rise in awareness about the health advantages and rapid increase quality concerns and strict regulations in manufacturing of food products are also lifting the growth of the food minerals market.
However, the rise in cost of mineral extraction process research and clinical trials and strict regulatory standards related with product quality are projected to act as a restraint towards the growth of food minerals market, whereas the high cost of mineral containing products and rise in the mineral extraction process costs can challenge the growth of the food minerals market.
Moreover, the rise in the research and development efforts, rapid shift in the inclination towards mineral supplements and high growth in dietary supplement industry are expected to further generate new opportunities for the food minerals market in the forecast period of 2021 to 2028.
This food minerals market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on food minerals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Food Minerals Market Scope and Market Size
Food minerals market is segmented on the basis of type, source, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the food minerals market has been segmented into zinc, magnesium, calcium, iron, copper, iodine, chromium, chloride and others. Zinc has further been segmented into zinc acetate, zinc oxide, zinc chloride, zinc citrate and zinc sulfate. Magnesium has further been segmented into magnesium sulfate, magnesium citrate, magnesium chloride and magnesium oxide. Calcium has further been segmented into calcium carbonate, calcium phosphate, calcium citrate and calcium chloride. Iron has further been segmented into ferrous sulphate, ferrous gluconate, ferrous fumarate and ferrous lactate.
- On the basis of source, the food minerals market has been segmented into marine, fruits, vegetables, seaweed, nuts and others.
- The application segment of the food minerals market has been segmented into beverages, dairy, sweets, savory and others.
- On the basis of end user, the food minerals market has been segmented into nutraceutical, pharmaceutical and food and beverages.
Food Minerals Market Country Level Analysis
Food minerals market is analyses and market size, volume information is provided by country, type, source, application and end user as referenced above.
The countries covered in the food minerals market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America leads the food minerals market due to the rise in the incidences of obesity and increase in the acceptance of healthy living in the emerging countries such as Canada and the U.S. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the increase in the aged population and rise in the alcohol intake.
The country section of the food minerals market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Food Minerals Market Share Analysis
Food minerals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to food minerals market.
The major players covered in the food minerals report are Sigma Minerals Ltd., ADM, Cargill, Incorporated, Dangote Industries Limited, Avion Pharmaceuticals, LLC, Omya AG, CalciTech Europe Limited, Waitaki Bio, Bayer AG, Youngevity International Corporation, ABF Ingredients, AlgaeCal Inc, CK Ingredients, SPI Pharma, Solgar, AB Enzymes, Ohly, ABITEC, Novartis AG, and K+S Aktiengesellschaft among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.