Thailand Mineral Supplements Market Size & Outlook
Thailand mineral supplements market, 2018-2030 (US$M)
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Thailand mineral supplements market highlights
- The Thailand mineral supplements market generated a revenue of USD 139.1 million in 2023 and is expected to reach USD 190.8 million by 2030.
- The Thailand market is expected to grow at a CAGR of 4.6% 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 139.1 million |
| Market revenue in 2030 | USD 190.8 million |
| Growth rate | 4.6% (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, Thailand accounted for 0.9% 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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Thailand 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 44.43% in 2023. Horizon Databook has segmented the Thailand 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 country's mineral supplements market is projected to grow due to rising awareness about supplements among consumers and the availability of mineral supplement providers. Some of the ecommerce platforms and companies providing mineral supplements in Thailand are Amazon, Ubuy Thailand, and Health Food Thailand Co. Ltd.
These supplements cater to various health needs, including overall wellbeing. For instance, Now Foods offers its calcium and magnesium supplement in the country through Health Food Thailand Co. Ltd. to support bone health. Thus, the availability of various mineral supplements across the country is anticipated to drive the market demand over the forecast period.
Furthermore, the companies operating in the supplements industry are expanding their presence in the country. For instance, in September 2022, Central Retail Corporation introduced a retail platform, Tops Vita for providing minerals and supplements in Thailand.
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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 Thailand mineral supplements market , including forecasts for subscribers. This country databook contains high-level insights into Thailand mineral supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand mineral supplements market size, by product, 2018-2030 (US$M)
Thailand Mineral Supplements Market Outlook Share, 2023 & 2030 (US$M)
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