Australia Mineral Supplements Market Size & Outlook
Australia mineral supplements market, 2018-2030 (US$M)
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Australia mineral supplements market highlights
- The Australia mineral supplements market generated a revenue of USD 462.3 million in 2023 and is expected to reach USD 654.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, calcium was the largest revenue generating product in 2023.
- Calcium is the most lucrative product segment registering the fastest growth during the forecast period.
Mineral supplements market data book summary
| Market revenue in 2023 | USD 462.3 million |
| Market revenue in 2030 | USD 654.8 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Calcium |
| Fastest growing segment | Calcium |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Calcium, Magnesium, Iron, Potassium, Zinc, Chromium, Selenium |
| Key market players worldwide | Glanbia PLC, Abbott Laboratories, Nestle SA, Dassault Systemes SE, Herbalife Ltd, Sanofi SA, Amway Malaysia Holdings, Bayer AG, Otsuka Pharmaceutical, DSM, Nu Skin Enterprises Inc Class A, Omega Protein, Bio-Botanica |
Other key industry trends
- In terms of revenue, Australia accounted for 2.9% of the global mineral supplements market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China mineral supplements market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,362.1 million by 2030.
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Mineral Supplements Market Scope
Mineral Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia mineral supplements market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mineral supplements market will help companies and investors design strategic landscapes.
Calcium was the largest segment with a revenue share of 43.28% in 2023. Horizon Databook has segmented the Australia mineral supplements market based on calcium, magnesium, iron, potassium, zinc, chromium, selenium covering the revenue growth of each sub-segment from 2018 to 2030.
The mineral supplements market in Australia is expected to register substantial growth due to the presence of several major national and international companies providing mineral supplements. Some companies operating in the country market are Nestle, Glanbia PLC, and Herbalife International of America, Inc. Furthermore, numerous types of mineral supplements are available in the country for numerous health benefits.
For instance, Cymbiotika offers Magnesium L-Threonate for better bioavailability, and Jigsaw MagSoothe provides Magnesium Glycinate, a powdered formula, with some added potassium. Thus, the easy availability of various mineral supplements is expected to drive the country’s market over the forecast period.
Furthermore, the rising prevalence of mineral deficiencies and increasing awareness about mineral supplements are expected to boost the demand for mineral supplements. According to the article published by PridePlus Health in January 2023, around 75% of Australian females are calcium deficient, and about 50% of Australian males don’t meet their calcium intake.
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Our clientele includes a mix of mineral supplements market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia mineral supplements market , including forecasts for subscribers. This country databook contains high-level insights into Australia mineral supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia mineral supplements market size, by product, 2018-2030 (US$M)
Australia Mineral Supplements Market Outlook Share, 2023 & 2030 (US$M)
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