South Africa Mineral Supplements Market Size & Outlook
South Africa mineral supplements market, 2018-2030 (US$M)
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South Africa mineral supplements market highlights
- The South Africa mineral supplements market generated a revenue of USD 87.1 million in 2023 and is expected to reach USD 141.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 7.2% 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 87.1 million |
| Market revenue in 2030 | USD 141.5 million |
| Growth rate | 7.2% (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, South Africa accounted for 0.5% 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 Middle East & Africa, Saudi Arabia mineral supplements market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 117.1 million by 2030.
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Mineral Supplements Market Scope
Mineral Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa 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 40.07% in 2023. Horizon Databook has segmented the South Africa 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 demand for mineral supplements is anticipated to be driven by the increasing prevalence of nutrient deficiency issues countrywide and the easy availability of mineral supplements. Several studies are being published focusing on nutrient deficiencies among the South African population.
For instance, a study published by the National Library of Medicine in May 2023 investigated the prevalence of micronutrient deficiencies in South African adults. The study found the prevalence of iron deficiency among the study participants.
Around 44% of study participants were iron deficient. Thus, the rising prevalence of mineral and nutrient deficiency among residents is anticipated to drive the mineral supplements market in the country.
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Target buyers of South Africa 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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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa mineral supplements market , including forecasts for subscribers. This country databook contains high-level insights into South Africa mineral supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa mineral supplements market size, by product, 2018-2030 (US$M)
South Africa Mineral Supplements Market Outlook Share, 2023 & 2030 (US$M)
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