Mineral Supplements Industry Trends and Forecast

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Mineral Supplements Market - Industry Trends & Forecast

Market Overview:

Mineral supplements market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 7.45% in the above-mentioned forecast period. Rise in the urbanization drives the mineral supplements market swiftly.

Mineral supplements are defined as the combination of minerals and vitamins and other ingredients. Mineral can be classified as macro minerals that are also called electrolytes or trace minerals. Minerals are basically of two type’s major minerals and trace minerals and the major minerals which are used and stored in major quantities in the body such as calcium, chloride, magnesium, phosphorus, potassium, sodium and sulfur.

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Market Segmentation:

Global Mineral Supplements Market, By Application (Pharmaceuticals, Food and Beverages, Others), Product (Calcium, Magnesium, Iron, Potassium, Zinc, Chromium, Selenium, Others), End-User (Adult Women, Adult Men, Senior Citizens, Others) Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.

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Major Key Players

Some of the major players operating in this market are :

Omega Protein Corporation, Bio Botanica, Inc, BioPharma Services Inc, Pharmavite

LLC, DSM, Nu Skin, Herbalife International of America, Inc, Glanbia, Plc, Atrium

Innovations Inc, BASF SE, Amway, Bayer AG, Dow, Otsuka Pharmaceutical Co., Ltd.,

NaturaLife Asia Co., Ltd, Epax, Himalaya Wellness, Ricola, Orkla, Abbott, Nestle and Cargill, Incorporated

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Market Drivers:

Rising geriatric population is the vital factor escalating the market growth, also rise in the awareness about preventive healthcare and increase in the prevalence of diseases, such as cancer and diabetes are the major factors among others driving the mineral supplements market. Moreover, increase in the research and development activities in the market and rise in the technological advancements and modernization in the healthcare techniques will further create opportunities for mineral supplements market in the forecasted period of 2021-2028.

However, increase in the availability of counterfeit products, rise in the dearth of quality check and inappropriate labelling are the major factors among others acting act as restraints, and will further challenge the growth of mineral supplements market in the forecast period mentioned above.

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