The global mineral supplements market size is projected to reach USD 14.53 billion by 2025 expanding at a CAGR 5.1% from 2019 to 2025, according to a new report by Radiant Insights, Inc. Rising cases of mineral deficiencies, particularly calcium and iron, and consumer willingness to spend more on mineral supplements are the key factors augmenting the market growth. In addition, increasing disposable income and rapidly growing e-commerce sector are anticipated to propel the market over the forecast period.
Increasing prevalence of diseases, such as cancer and diabetes, further boost the demand for mineral supplements as these products are used for the management of associated conditions. Growing consumer interest towards preventive healthcare and increasing ageing population are also significantly contributing toward the industry growth. For instance, a nationwide study published in Cambridge Core journal in 2017 reported that prevention of nutrient deficiencies is the motive for supplement use for around 62.4% of the Germans.
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Emerging local companies, rise in mergers & acquisition and partnerships & collaborations activities, and new product launches are further anticipated to boost the demand for mineral supplements in the market. For instance, in April 2019, Unilever announced the acquisition of OLLY Nutrition, which is a provider of vitamin, mineral, and supplements category. However, recent amendments in the regulatory scenario governing the overall nutrition & dietary supplements in many countries, including U.S., Australia, China, and Brazil, is a key challenge impeding market growth.
Further key findings from the study suggest:
• In 2018, calcium supplements accounted for the highest revenue share owing to high prevalence of osteoporosis and large commercial availability of calcium supplements in the market
• Magnesium supplements segment is expected to register the fastest CAGR of 7.1% over the forecast period
• Asia Pacific is among the prominent regions, in terms of revenue share, whereas Middle East & Africa is anticipated to witness the fastest growth from 2019 to 2025
• The global mineral supplements market is fragmented in nature. Abbott Nutrition; Nestle SA; Amway; Herbalife International of America, Inc.; and Glanbia plc are some of the key companies in the market
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Table of Contents
Chapter 1 Methodology and Scope
1.1 Market Segmentation and Scope
1.2 Market Definition
1.3 Research Methodology
1.3.1 Information procurement
1.3.1.1 Purchased database:
1.3.1.2 Radiant Insights internal database
1.3.2 Primary research:
1.4 Research Scope and Assumptions
1.5 List to Data Sources
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
2.4 Mineral Supplements Market Snapshot
Chapter 3 Mineral Supplements Market Variables, Trends, & Scope
3.1 Market Lineage Outlook
3.1.1 Parent market outlook
3.1.2 Related/ancillary market outlook
3.2 Penetration and Growth Prospect Mapping
3.3 User Perspective Analysis
3.3.1 Consumer behavior analysis
3.3.2 Market influencer analysis
3.4 Reimbursement Framework
3.5 Regulatory Framework
3.6 Market Driver Analysis
3.7. Market Restraint Analysis
3.8 Industry Challenges
3.9 Mineral Supplements Market Analysis Tools
3.9.1 Industry analysis - Porter's
3.9.1.1 Bargaining power of suppliers - low
3.9.1.2 Bargaining power of the buyers - high
3.9.1.3 Threat of substitution - low
3.9.1.4 Threats of new entrants - moderately low
3.9.1.5 Competitive rivalry - high
3.9.2 PESTEL analysis
3.9.2.1 Political and legal landscape
3.9.2.2 Economic and social landscape
3.9.2.3 Environment and technology landscape
3.10 Major Deals & Strategic Alliances Analysis
Chapter 4 Mineral Supplements Market: Competitive Analysis
4.1 Recent Developments & Impact Analysis, by Key Market Participants
4.2 Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
4.3 Vendor Landscape
4.3.1 A partial list of key distributors and channel partners
4.3.2 List of key end-users
4.3.3 Public companies
4.3.3.1 Company Market Position Analysis (Geographic Presence, Product Portfolio, Key Alliance, Industry Experience)
4.3.3.2 Company market ranking, by region
4.3.3.3 Market differentiators
4.3.4 Private companies
4.3.4.1 List of key emerging companies
4.3.4.2 Regional network map
Continued…
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