UK Mineral Supplements Market Size & Outlook, 2023-2030
UK mineral supplements market, 2018-2030 (US$M)
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UK mineral supplements market highlights
- The UK mineral supplements market generated a revenue of USD 513.4 million in 2023 and is expected to reach USD 868.0 million by 2030.
- The UK market is expected to grow at a CAGR of 7.8% 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 513.4 million |
| Market revenue in 2030 | USD 868.0 million |
| Growth rate | 7.8% (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, UK accounted for 3.2% 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 |
|---|
UK 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 39.6% in 2023. Horizon Databook has segmented the UK 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 has strong competition & diverse offerings. Numerous local and international brands are implementing various strategies to gain consumer attention in this growing segment. Established stores & companies, such as Boots, Holland & Barrett, and Vitabiotics, are operating in the market with extensive retail presence.
Companies are focusing on implementing various strategies to increase their market share. For instance, in September 2020, Vitabiotics Ltd. collaborated with Alliance Healthcare to deliver nutrition and supplement products of Vitabiotics across the UK. Vitabiotics offers magnesium, calcium, and zinc supplements to support kids & teens in their development.
Furthermore, in February 2023, Nutrigums, a major supplement brand in the UK introduced Nutrigums Magnesium Citrate to support nervous system and bone health. Thus, such innovative offerings by key players and rising initiatives to increase the distribution of supplementation products are anticipated to drive the mineral supplements market competition across the country.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the UK mineral supplements market , including forecasts for subscribers. This country databook contains high-level insights into UK mineral supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK mineral supplements market size, by product, 2018-2030 (US$M)
UK Mineral Supplements Market Outlook Share, 2023 & 2030 (US$M)
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