Mineral Supplements Market To Reach $23.99 Billion By 2030

Mineral Supplements Market Growth & Trends

The global mineral supplements market size is anticipated to reach USD 23.99 billion by 2030 and is projected to grow at a CAGR of 5.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The major factor influencing the industry growth is the growing worldwide incidence of chronic diseases such as anemia, osteoporosis, cancer, and diabetes is boosting the growth as these supplements are useful for managing such conditions. The rising adoption of a sedentary lifestyle has led to the rising cases of lifestyle disorders.

The growing incidence of bone-related sports injuries reflects the intensifying athletic culture and growing participation in physical activities across all age groups. The rise in injuries such as fractures, stress fractures, and bone bruises, can be attributed to various factors, including high-impact & competitive sports and intense training regimens, which put considerable stress on the skeletal system. Activities such as running, basketball, soccer, and weightlifting involve repetitive motions or sudden impacts that can strain or injure bones. Moreover, inadequate warmup routines, improper technique, or overtraining without sufficient rest periods can increase vulnerability to bone injuries. These supplements, rich in calcium, vitamin D, and other minerals, serve as a complementary measure to support bone health, aiding in injury prevention and faster recovery among athletes and it expected to drive the market in forecast years.

The working age groups are more susceptible to mineral deficiencies due to several lifestyle factors. Sedentary desk jobs, hectic schedules, and reliance on processed foods have contributed to inadequate intake & absorption of essential minerals. This trend has led to a rise in mineral deficiencies among the working demographic, impacting their overall health and productivity. Environmental factors, such as pollution and limited exposure to sunlight can hinder the absorption of certain minerals like vitamin D and calcium, affecting bone health and overall well-being. Consequently, individuals in the workforce are turning to mineral supplements to bridge the nutritional gap and combat these deficiencies. Supplements offer a convenient and effective way to ensure adequate intake of essential minerals, aiding in maintaining optimal.

Furthermore, low awareness levels in emerging economies can significantly restrain the mineral supplements market. Limited understanding of the benefits, cultural differences, and varying healthcare perceptions hinder product penetration. In these regions, inadequate education about nutritional deficiencies and the role of supplements creates a barrier to consumer adoption. Addressing these awareness gaps through targeted educational campaigns and culturally sensitive marketing strategies is pivotal to unlocking the market's potential and fostering acceptance of mineral supplements in emerging economies.

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Mineral Supplements Market Report Highlights

• Based on the product, the calcium segment led the market with the largest revenue share of 41.9% in 2023, due to increasing consumption by adults and geriatric population due to calcium deficiency

• Based on the formulation, the tablet segment held the largest revenue share in 2023, formulation segment due to the availability of majority of products in the form of tablets

• Based on the application, the general health segment dominated the market with the largest revenue share in 2023 and it is expected to grow at fastest CAGR over the forecast period

• Based on the end-use, the adults segment dominated the market with a largest revenue share in 2023, due to the increasing mineral deficiencies and the high prevalence of calcium deficiency in working women

• Based on the sales channel, the pharmacies & drug stores segment dominated the market in 2023, and online the channels segment is expected to grow at fastest CAGR over the forecast period

• Asia Pacific dominated the market owing to factors such as a large target population, increasing awareness regarding supplementation, and an increasing geriatric population

Mineral Supplements Market Segmentation

Grand View Research has segmented the global mineral supplements market report based on the Product, formulation, application, end-use, sales channel and region:

Mineral Supplements Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Calcium

• Magnesium

• Iron

• Potassium

• Zinc

• Chromium

• Selenium

• Others

Mineral Supplements Formulation Outlook (Revenue, USD Billion, 2018 - 2030)

• Capsule

• Tablet

• Powder

• Liquid/Gel

• Others

Mineral Supplements Application Outlook (Revenue, USD Billion, 2018 - 2030)

• General Health

• Bone & Joint health

• Gastrointestinal Health

• Immunity

• Others

Mineral Supplements End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Adults

• Geriatric

• Pregnant Women

• Children

• Infants

Mineral Supplements Sales Channel Outlook (Revenue, USD Billion, 2018 - 2030)

• Pharmacies & Drug Stores

• Supermarkets & Hypermarkets

• Online Channels

Mineral Supplements Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Spain

  • Sweden

  • Denmark

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East and Africa (MEA)

  • Kuwait

  • UAE

  • South Africa

  • Saudi Arabia

List of Key Players in Mineral Supplements Market

• Glanbia, plc.

• Abbott

• Nestle

• Biovea

• Herbalife International of America, Inc.

• Sanofi

• Amway

• Bayer AG

• Omega Protein Corporation

• Bio Botanica, Inc.

• Pharmavite LLC

• DSM

• Nu Skin