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Europe is Set to Dominate the Global Mineral Ingredients Market in Value Terms in 2017 || Key Players: Arla Foods amba, Minerals Technologies Inc., Albion Laboratories Inc., SEPPIC, AkzoNobel,
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The factors that are boosting the mineral ingredients market include the increasing population and the impressive growth of the F&B industry during the past few years. Other factors that are driving the global mineral ingredients market include an increasing deficiency of mineral ingredients that causes many health complications and diseases in people.
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Macro nutrients segment in the product type category is forecasted to exhibit a robust CAGR during the period of assessment and is estimated to reach a value of nearly US$ 720 Mn by the end of 2026. The macro nutrients segment was expected to account for more than two-third of the revenue share of the product type category by the end of the year 2017.
Infant formula segment in the application category is forecasted to exhibit a CAGR of 5.0% during the period of assessment and is likely to reach a valuation of nearly US$ 93 Mn by 2026 end. The infant formula segment was expected to account for more than one-tenth of the revenue share of the application category by 2017 end and is expected to lose market share during the forecast period.
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Dairy Products Segment to Account for Nearly One Fifth of the Revenue Share of the Application Category in 2017
As per the findings of the Fact.MR research report, the dairy products segment is poised to grow at a moderate CAGR and touch a valuation of nearly US$ 129 Mn in 2026. The dairy products segment was estimated to account for nearly one-fifth of the revenue share of the application category by 2017 end and is forecasted to lose market share by the end of the year 2026
The report has also profiled leading manufacturers of automotive lubricants, which include, Jungbunzlauer Suisse AG, Dr. Paul Lohmann GmbH KG, Arla Foods amba, Minerals Technologies Inc., Albion Laboratories Inc., SEPPIC, AkzoNobel, Compass Minerals International Inc., Gadot Biochemical Industries Ltd., and Caravan Ingredients Inc. These companies will be responsible for almost entire mineral ingredients produced in the world through 2026.
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