Global Minerals in Human Nutrition Market

Minerals in Human Nutrition Market Size, Share, Growth Analysis, By Type(Major Minerals (Calcium, Phosphorus, Magnesium, Sodium), By Application(Dietary Supplements, Functional Nutrition, Sports Nutrition, Infant Nutrition), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30I2187 | Region: Global | Published Date: February, 2024
Pages: 242 |Tables: 77 |Figures: 77

Minerals in Human Nutrition Market Insights

Minerals in Human Nutrition Market size was valued at USD 13.1 billion in 2019 and is poised to grow from USD 13.96 billion in 2023 to USD 23.29 billion by 2031, growing at a CAGR of 6.6% in the forecast period (2024-2031).

Growing usage of mineral supplements to manage chronic ailments is expected to drive the market, owing to the significant percentage of the population suffering from chronic diseases such as osteoporosis, cancer, anemia, and osteoporosis. Furthermore, the growing trend of adopting preventive health management techniques because of the rising prevalence of lifestyle disorders drives market growth. Diabetes, for example, caused 1.5 million deaths in 2019, according to WHO figures, with 48% of fatalities occurring before the age of 70. The expanding number of fitness clubs, together with increased awareness about healthy lifestyles, drives market development.

US Minerals in Human Nutrition Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 13.1 billion

Largest Segment

Dietary Nutrition

Fastest Growth

Dietary Nutrition

Growth Rate

6.6% CAGR

Global Minerals in Human Nutrition Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)

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Minerals in Human Nutrition Market Segmental Analysis

The Global Minerals in Human Nutrition Market is segmented based on Type, Application, and Region. Based on the Type, the Global Minerals in Human Nutrition Market is segmented as Major Minerals (Calcium, Phosphorus, Magnesium, Sodium, Potassium, Chlorine, Sulfur) and Trace Minerals (Iron, Copper, Zinc, Selenium, Iodine, Chromium, Fluoride, Manganese, Molybdenum). Based on the Application, the Global Minerals in Human Nutrition Market is segmented as Dietary Supplements, Functional Nutrition, Sports Nutrition, and Infant Nutrition. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Minerals in Human Nutrition Market Analysis by Type

In terms of type, the major minerals segment held the majority share of 60% in 2021 and is expected to maintain a similar lead over the forecast period. Among major minerals, Calcium held the majority share followed by magnesium. In trace minerals, iron, zinc, and selenium held the maximum share in 2021.

Global Minerals in Human Nutrition Market Share By Application, 2021 (%), 2023 (%)

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Minerals in Human Nutrition Market Regional Insights

North America dominated the global market in 2021 and is projected to maintain its dominance over the forecast period owing to the presence of developed economies such as US and Canada. The Asia Pacific emerged as the fastest growing market owing to the developing nations with a huge population base such as China, India, and Japan. Europe is the second largest region for the human nutrition market owing to the consumer-conscious countries such as Germany, the UK, Spain, Italy, and France.

Global Minerals in Human Nutrition Market By Geography, 2021 - 2028, 2024-2031
  • Largest
  • Fastest

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Minerals in Human Nutrition Market Dynamics

Minerals in Human Nutrition Market Driver

The Rising Prevalence of Diseases Caused by Poor Eating Habits Is Projected To Drive The Growth Of The Global Human Nutrition Market

  • Poor diet-related deaths have increased by 15% since 2010, outpacing population growth, and are now responsible for more than 12 million deaths in adults. This accounts for one-quarter (26%) of all adult deaths each year. The proportion of premature deaths caused by dietary risks is highest in North America and Europe (31% each), and lowest but still significant in Africa (17%). Hence, demand for human nutritional products is further expected to propel over the foreseeable future.

Minerals in Human Nutrition Market Restraint

The Financial Costs Of Addressing Poor Diets And Malnutrition Have Risen While Resources Are Falling, Limiting The Growth Of the Global Human Nutrition Market

  • The economic downturn caused by the Covid-19 pandemic, alongside disrupted food and health systems, threatens to significantly increase malnutrition in low- and middle-income countries. Nutrition-specific financing needs for select maternal, infant, and young child global targets have increased from previous estimates of USD 7 billion/year for 2016-2025 to USD 10.8 billion/year for 2022-2030; accounting for nutrition-sensitive needs across the entire range of SDG 2 targets (aims to end hunger and all forms of malnutrition by 2030), total needs are estimated at USD 3950 billion per year

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Minerals in Human Nutrition Market Competitive Landscape

One of the primary techniques used by the market's key players is acquisition. The purchase provides lower entry barriers, market power, access to expertise, a client base, and so on. Some of the companies employing this technique to grow their business network and product portfolio are BASF, DSM, Cargill, Glanbia PLC, and Kerry Group PLC.

Minerals in Human Nutrition Market Top Player's Company Profiles

  • BASF SE
  • DuPont de Nemours, Inc.
  • Lonza Group Ltd.
  • ADM
  • Cargill, Incorporated
  • W.R. Grace & Co.
  • Corbion NV
  • Balchem Corporation
  • Akzo Nobel N.V.
  • Evonik Industries AG
  • Royal DSM N.V.
  • Ajinomoto Co., Inc.
  • Kerry Group plc
  • FMC Corporation
  • Innophos Holdings, Inc.
  • Albion Laboratories, Inc.
  • Minerals Technologies Inc.
  • Ferro Corporation
  • Jost Chemical Co.
  • Novotech Nutraceuticals, Inc.

Minerals in Human Nutrition Market Recent Developments

  • In 2021, In 2021, BASF spent 2.2 billion euros on research and development, a small increase compared to the previous year.
  • In 2021, BASF announced to commit the launch of at least 30 R&D projects by 2030, which will focus on sustainable agriculture innovations

Minerals in Human Nutrition Key Market Trends

  • Minerals are inorganic nutrients that cannot be generated biologically yet are required for overall growth. Most of the mineral elements that humans consume are Phosphorus, calcium, zinc, iron, magnesium, and potassium. These elements serve to strengthen the immune system and protect the body from various illnesses. Minerals are used by the body for a variety of purposes, including bone formation and nerve impulse transmission. The need for these minerals grows due to a lack of nutrient-rich meals.

Minerals in Human Nutrition Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our Global Our Market Analysis, magnesium supplement sales are expanding year after year, and the supplement is predicted to overtake calcium as the most popular mineral over the forecast period because Magnesium plays an important role in keeping the heart healthy and strong plus it also lowers high blood pressure. Companies are increasingly focusing on making magnesium components simpler to deal with for product formulators

Report Metric Details
Market size value in 2023 USD 13.1 billion
Market size value in 2031 USD 23.29 billion
Growth Rate 6.6%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Major Minerals (Calcium, Phosphorus, Magnesium, Sodium, Potassium, Chlorine, Sulfur) and Trace Minerals (Iron, Copper, Zinc, Selenium, Iodine, Chromium, Fluoride, Manganese, Molybdenum)
  • Application
    • Dietary Supplements, Functional Nutrition, Sports Nutrition, Infant Nutrition, and other applications
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • BASF SE
  • DuPont de Nemours, Inc.
  • Lonza Group Ltd.
  • ADM
  • Cargill, Incorporated
  • W.R. Grace & Co.
  • Corbion NV
  • Balchem Corporation
  • Akzo Nobel N.V.
  • Evonik Industries AG
  • Royal DSM N.V.
  • Ajinomoto Co., Inc.
  • Kerry Group plc
  • FMC Corporation
  • Innophos Holdings, Inc.
  • Albion Laboratories, Inc.
  • Minerals Technologies Inc.
  • Ferro Corporation
  • Jost Chemical Co.
  • Novotech Nutraceuticals, Inc.

Minerals in Human Nutrition Market Recent Developments

  • In 2021, In 2021, BASF spent 2.2 billion euros on research and development, a small increase compared to the previous year.
  • In 2021, BASF announced to commit the launch of at least 30 R&D projects by 2030, which will focus on sustainable agriculture innovations
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Minerals in Human Nutrition Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Minerals in Human Nutrition Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Minerals in Human Nutrition Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Minerals in Human Nutrition Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Minerals in Human Nutrition Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Minerals in Human Nutrition Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Minerals in Human Nutrition Market size was valued at USD 13.1 billion in 2019 and is poised to grow from USD 13.96 billion in 2023 to USD 23.29 billion by 2031, growing at a CAGR of 6.6% in the forecast period (2024-2031).

One of the primary techniques used by the market's key players is acquisition. The purchase provides lower entry barriers, market power, access to expertise, a client base, and so on. Some of the companies employing this technique to grow their business network and product portfolio are BASF, DSM, Cargill, Glanbia PLC, and Kerry Group PLC. 'BASF SE', 'DuPont de Nemours, Inc.', 'Lonza Group Ltd.', 'ADM', 'Cargill, Incorporated', 'W.R. Grace & Co.', 'Corbion NV', 'Balchem Corporation', 'Akzo Nobel N.V.', 'Evonik Industries AG', 'Royal DSM N.V.', 'Ajinomoto Co., Inc.', 'Kerry Group plc', 'FMC Corporation', 'Innophos Holdings, Inc.', 'Albion Laboratories, Inc.', 'Minerals Technologies Inc.', 'Ferro Corporation', 'Jost Chemical Co.', 'Novotech Nutraceuticals, Inc.', 'In 2021, In 2021, BASF spent 2.2 billion euros on research and development, a small increase compared to the previous year.', 'In 2021, BASF announced to commit the launch of at least 30 R&D projects by 2030, which will focus on sustainable agriculture innovations'

Poor diet-related deaths have increased by 15% since 2010, outpacing population growth, and are now responsible for more than 12 million deaths in adults. This accounts for one-quarter (26%) of all adult deaths each year. The proportion of premature deaths caused by dietary risks is highest in North America and Europe (31% each), and lowest but still significant in Africa (17%). Hence, demand for human nutritional products is further expected to propel over the foreseeable future.

Minerals are inorganic nutrients that cannot be generated biologically yet are required for overall growth. Most of the mineral elements that humans consume are Phosphorus, calcium, zinc, iron, magnesium, and potassium. These elements serve to strengthen the immune system and protect the body from various illnesses. Minerals are used by the body for a variety of purposes, including bone formation and nerve impulse transmission. The need for these minerals grows due to a lack of nutrient-rich meals.

North America dominated the market in 2021 and is projected to maintain its dominance over the forecast period owing to the presence of developed economies such as US and Canada. The Asia Pacific emerged as the fastest growing market owing to the developing nations with a huge population base such as China, India, and Japan. Europe is the second largest region for the human nutrition market owing to the consumer-conscious countries such as Germany, the UK, Spain, Italy, and France.

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