The global mineral supplement tablets market is growing at a significant CAGR of around 6.5% during the forecast period (2020-2026). Mineral supplements are chemical elements which are significantly required for the proper functioning of the body. The deficiency of minerals can lead to goiter, osteoporosis, and heart disorders, among others. The fast-moving lifestyle and increasing consumption of unhealthy diet has certainly leads to the increase in demand for mineral supplement tablets in the recent years. Some other pivotal factors driving the global mineral supplement tablets market are the lack of physical activity and increasing trend for vegan consumption. According to the Centers for Disease Control and Prevention (CDC), only 1 in 4 adults in the US and 1 in 5 high school students in the US get the recommended levels of physical activity. This, in turn, increases the supplements rate, and multivitamins and minerals are among the major supplements recommended to the people by physicians across the globe.
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Moreover, there are several other factors that are influencing the market growth, such as the growing awareness regarding health management coupled with increasing lifestyle related diseases such as obesity, cardiovascular diseases (CVD) across the globe. To avoid physiological effects, the doctors recommend necessary minerals to ensure proper health. In addition, the federal government’s 2015-2020, Dietary Guidelines for Americans notes that nutritional needs should be met primarily from functional food. The functional foods in nutrient-dense forms contain essential vitamins and minerals and dietary fiber and other naturally occurring substances that may have positive health effects. Moreover, the outbreak of COVID-19 pandemic will increase the intake of necessary supplements, which in turn, will propel the market growth during the forecast period. However, the inclination towards organic food is further projected to restrain the mineral supplement tablets market during the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global mineral supplement tablets market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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