Japan Mineral Supplements Market Size & Outlook, 2023-2030
Japan mineral supplements market, 2018-2030 (US$M)
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Japan mineral supplements market highlights
- The Japan mineral supplements market generated a revenue of USD 905.3 million in 2023 and is expected to reach USD 1,381.9 million by 2030.
- The Japan market is expected to grow at a CAGR of 6.2% 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 905.3 million |
| Market revenue in 2030 | USD 1,381.9 million |
| Growth rate | 6.2% (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, Japan accounted for 5.6% 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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Japan 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 39.85% in 2023. Horizon Databook has segmented the Japan 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 market in Japan has witnessed significant growth over the years due to factors such as a rapidly aging population, rising health consciousness, and growing demand for preventive healthcare. According to the article published by the World Economic Forum in September 2023, around 1 in 10 individuals living in Japan are aged 80 or over.
Moreover, almost 33% of the country’s population is over 65. The large geriatric population of the country has created a strong demand for supplements addressing age-related health concerns such as bone health, cognitive function, joint health, and overall wellbeing. Mineral supplements are useful in supporting bone health, muscle health, joint health, and cognitive function. Players operating in the market are launching supplements for older people.
For instance, in July 2020, Ajinomoto, a key player, introduced a supplement containing some vitamins and nine minerals, including iron, copper, zinc, calcium, magnesium, and selenium. This supplement was designed for older people in the Japanese domestic market. Consequently, such factors are expected to drive the market growth in Japan.
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Our clientele includes a mix of mineral supplements market companies, investment firms, advisory firms & academic institutions.
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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 Japan mineral supplements market , including forecasts for subscribers. This country databook contains high-level insights into Japan mineral supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan mineral supplements market size, by product, 2018-2030 (US$M)
Japan Mineral Supplements Market Outlook Share, 2023 & 2030 (US$M)
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