Italy Mineral Supplements Market Size & Outlook, 2023-2030
Italy mineral supplements market, 2018-2030 (US$M)
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Italy mineral supplements market highlights
- The Italy mineral supplements market generated a revenue of USD 350.4 million in 2023 and is expected to reach USD 511.0 million by 2030.
- The Italy market is expected to grow at a CAGR of 5.5% 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 350.4 million |
| Market revenue in 2030 | USD 511.0 million |
| Growth rate | 5.5% (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, Italy accounted for 2.2% 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 Europe, UK mineral supplements market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 868.0 million by 2030.
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Mineral Supplements Market Scope
Mineral Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy 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 43.04% in 2023. Horizon Databook has segmented the Italy mineral supplements market based on calcium, magnesium, iron, potassium, zinc, chromium, selenium covering the revenue growth of each sub-segment from 2018 to 2030.
In Italy, the availability of mineral supplementation products by various companies, such as Amway, Dulàc Farmaceutici, The Menarini Group, Erboristeria Como, and Nestlé Health Science, is driving the market growth. Moreover, the evolving lifestyle and increasing awareness about the benefits of minerals for general wellbeing are contributing to the rising popularity of mineral supplements.
Companies operating in the country market are gaining a positive response to their mineral supplements. For instance, in July 2018, PharmaNutra Group announced that UltraMag, a magnesium-based dietary supplement, is the most successful product launch on the Italian market in the company's history.
Around 10,000 units of UltraMag were sold in the first month of launch. Thus, the increasing demand from Italian consumers for mineral supplements is expected to propel the country's market competition over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy mineral supplements market , including forecasts for subscribers. This country databook contains high-level insights into Italy mineral supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy mineral supplements market size, by product, 2018-2030 (US$M)
Italy Mineral Supplements Market Outlook Share, 2023 & 2030 (US$M)
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