China Mineral Supplements Market Size & Outlook, 2023-2030
China mineral supplements market, 2018-2030 (US$M)
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China mineral supplements market highlights
- The China mineral supplements market generated a revenue of USD 1,841.6 million in 2023 and is expected to reach USD 2,931.7 million by 2030.
- The China market is expected to grow at a CAGR of 6.9% 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 1,841.6 million |
| Market revenue in 2030 | USD 2,931.7 million |
| Growth rate | 6.9% (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, China accounted for 11.5% 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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China 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 41% in 2023. Horizon Databook has segmented the China 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 competition in China mineral supplements market is expected to be driven by several initiatives undertaken by manufacturers and retailers, such as partnerships, collaborations, and expansions. For instance, in June 2021, Holland & Barrett, a mineral supplements provider in the UK, introduced its stores in China.
Holland & Barrett offers numerous mineral supplements like magnesium, zinc, calcium, iron, selenium, chromium, etc. Thus, the expansion of players selling mineral supplements in the country is anticipated to drive the demand for mineral supplements in China.
Moreover, e-commerce platforms revolutionized the distribution & sales of supplements in China, providing a convenient and accessible platform for consumers and offering brand opportunities to reach a wide customer base. Major e-commerce platforms, such as Kaola.com, Alibaba, GNC, and Watsons Online, offer a wide range of mineral supplement brands in the country.
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Target buyers of China mineral supplements market databook
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Our clientele includes a mix of mineral supplements market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China mineral supplements market , including forecasts for subscribers. This country databook contains high-level insights into China mineral supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China mineral supplements market size, by product, 2018-2030 (US$M)
China Mineral Supplements Market Outlook Share, 2023 & 2030 (US$M)
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