Global Food Minerals Market Size By Type of Mineral, By Application, By End User, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Food Minerals Market Size By Type of Mineral, By Application, By End User, By Geographic Scope And Forecast
Food Minerals Market Size And Forecast
Food Minerals Market size was valued at USD 12.7 Billion in 2023 and is projected to reach USD 22.7 Billion by 2030, growing at a CAGR of 5.8% during the forecast period 2024-2030.
Global Food Minerals Market Drivers
The market drivers for the Food Minerals Market can be influenced by various factors. These may include
Growing Health Awareness One major driver is consumers’ growing understanding of the value of a balanced diet and the role that minerals play in general health. Customers frequently look for foods that are enhanced with vital minerals in order to satisfy their dietary needs.
Growing Health Concerns The demand for foods and supplements high in minerals might be fueled by the prevalence of illnesses linked to insufficient mineral intake, such as osteoporosis, anaemia, and mineral deficiencies.
Ageing Population As the world’s population gets older, health and wellbeing are becoming more important. The market for fortified foods may be driven by the nutritional demands of older people, who may have increased needs for certain minerals like calcium and magnesium.
Trends in Fortification and Functional meals The growing popularity of functional meals, which provide health advantages beyond just sustenance, has raised the need for foods fortified with minerals. Minerals are frequently added by manufacturers to improve a product’s nutritional profile.
Sports Nutrition Products that assist athletic performance and recovery are in high demand due to the rise of the sports and fitness industry. Minerals including calcium, magnesium, and iron are common in sports nutrition products since they are essential for preserving bone health and general wellbeing.
Plant-Based and Vegan Diets Plant-based sources of vital minerals, like iron and zinc, are needed as more individuals switch to plant-based and vegan diets. Innovation in plant-based diets and supplements may be sparked by this trend.
Government Recommendations and rules Public health campaigns and government rules that support fortifying specific foods with necessary minerals to prevent nutrient deficiencies can fuel industry expansion.
Technological developments New methods of food processing and fortification enable the creation of goods with enhanced mineral bioavailability, flavour, and texture, all of which increase consumer appeal.
Globalisation of Food Supply Chains As a result of the globalisation of food supply chains, consumers now have greater access to a wider selection of foods that are high in minerals from various geographical locations.
Marketing and Consumer Education Food producers can influence demand by using marketing to inform customers about the advantages of products enhanced with minerals. Campaigns to educate consumers on the value of particular minerals can also affect their purchase decisions.
Global Food Minerals Market Restraints
Several factors can act as restraints or challenges for the Food Minerals Market. These may include
Regulatory Restrictions Tight guidelines and requirements pertaining to the use of minerals in food items may present difficulties for the sector. Adherence to health and safety protocols may lead to elevated manufacturing expenses and restrictions on the kinds and quantities of minerals that can be incorporated into food.
Consumer Awareness and Perception A drop in demand may result if customers start to have doubts about the necessity or safety of mineral additions in food. Misinformation or unfavourable opinions regarding the health benefits of particular minerals may hinder market expansion.
Interruptions in the Supply Chain A number of variables, including natural catastrophes, geopolitical events, and supply chain interruptions, can affect the availability and cost of minerals. Uncertainties in the procurement of raw materials may have an effect on the total cost and production structure.
Technological Challenges It might be difficult to come up with efficient ways to add minerals to food items without compromising its flavour or texture. Technological obstacles could impede the development and uptake of novel goods that contain additional minerals.
The incorporation of food minerals into goods might come at a considerable expense. Market expansion may be constrained if the extra expense is not outweighed by the benefits that are thought to exist or if customers are unwilling to pay more for goods that include additional minerals.
Competitive Environment High levels of rivalry between food suppliers and manufacturers could result in price wars that eat away at profit margins. Market share may also be impacted by replacements or other products that are available and promise comparable health advantages without the addition of minerals.
Global Economic Factors Consumer spending patterns may be impacted by economic downturns or uncertainties. Consumers may choose simple food products over those with more nutritional components when the economy is hard.
Sociocultural Factors The acceptability of food products fortified with minerals can vary depending on regional dietary practices and cultural preferences. Success in international markets depends on the ability to customise items to fit a variety of cultural preferences.
Global Food Minerals Market Segmentation Analysis
The Global Food Minerals Market is Segmented on the basis o Type of Mineral, Application, End User and Geography.
Food Minerals Market, By Type of Mineral
Calcium Essential for bone health and various physiological functions.
Iron Important for oxygen transport in the blood and overall metabolism.
Magnesium Involved in muscle and nerve function, as well as energy production.
Potassium Critical for maintaining fluid balance, nerve transmission, and muscle contractions.
Food Minerals Market, By Application
Dietary Supplements Mineral supplements in various forms (tablets, capsules, powders) for individuals lacking in their diet.
Functional Foods Foods fortified with minerals to enhance nutritional value, such as fortified cereals, beverages, and dairy products.
Infant Nutrition Minerals added to baby formula to ensure proper growth and development.
Food Minerals Market, By End User
Adults Mineral supplements targeted at the general adult population for overall health and wellness.
Children and Infants Products specifically designed for the nutritional needs of growing children.
Elderly Population Mineral supplements addressing the specific needs of older individuals, such as bone health and joint support.
Food Minerals Market, By Geography
North AmericaMarket conditions and demand in the United States, Canada, and Mexico.
EuropeAnalysis of the Food Minerals Market in European countries.
Asia-PacificFocusing on countries like China, India, Japan, South Korea, and others.
Middle East and AfricaExamining market dynamics in the Middle East and African regions.
Latin AmericaCovering market trends and developments in countries across Latin America.
By Type of Mineral, By Application, By End User and By Geography.
CUSTOMIZATION SCOPE
Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
Top Trending Reports
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
• In case of any  please connect with our sales team, who will ensure that your requirements are met.
Table of Content
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
List Tables Figures
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
For a single, multi and corporate client license, the report will be available in PDF format.
Sample report would be given you in excel format. For more questions please contact:
