Global Mineral Ingredients Market Size to Reach USD 16800 Million by 2030, At Growth Rate (CAGR) of 5.60%

Market Overview:

The Global Mineral Ingredients market size was reasonably estimated to be approximately USD 11200 Million in 2023 and is poised to generate revenue over USD 16800 Million by the end of 2030, projecting a CAGR of around 5.60% from 2023 to 2030.

Mineral components are naturally occurring inorganic substances that are required by the body for a variety of biological functions. Calcium, iron, magnesium, zinc, copper, manganese, and selenium are all typical mineral components. Calcium is essential for bone health, muscular function, and nerve communication. Iron is required for the development of red blood cells and aids in the transportation of oxygen throughout the body. Magnesium is required for the creation of energy, muscle and neuron function, and bone health. Zinc is required for immunological function, wound healing, and cell division and proliferation.

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Top Key Players Covered in Mineral Ingredients Market
BASF, Cargill, DuPont, Lonza, Pfizer, Cognis, Koninklijke DSM N.V, Arla Foods Amba, Akzonobel N.V., Balchem Corporation, Minerals Technologies Inc, Gadot Biochemical Industries Ltd, Yara International ASA, Jungbunzlauer Suisse AG, Compass Minerals International Inc, Corbion N.V and Other Major Players.

The report summarizes all the information collected and serves the customer's requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.

Market Dynamics:

Driver:

Minerals have an important role in lowering the risk of cardiovascular disease (CVD) in a variety of ways. Here are some examples of how mineral additives might help. Calcium lowers the risk of CVD by promoting healthy bones and teeth, which can help prevent fractures and falls, which can contribute to heart problems. Calcium may also help lower blood pressure and cholesterol levels, both of which are risk factors for CVD. Magnesium aids in blood pressure regulation and heart health by relaxing blood vessels and boosting blood flow. Inflammation, which is a risk factor for CVD, may also be reduced by magnesium.

Opportunities:

The growing demand for mineral components in the supplement industry would improve the market outlook throughout the forecast period. better consumer attention on health and prevention, better knowledge of chronic illnesses and cancer problems, and a shift toward nutritional and supplements will all contribute to market growth. The increased mineral component in supplements is causing companies to invest extensively in R&D to create products customized to different age groups, genders, and purposes.

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Segmentation Analysis of Mineral Ingredients Market

Mineral Ingredients Market segments covers the Type, Form, and Application. By Type, Form and Application. Macronutrients segment is Anticipated to Dominate the Market Over the Forecast period.
Macronutrients are found in a variety of foods, but determining the appropriate quantity to ingest may be tricky. A variety of factors can also alter the number of macronutrients that people require. Macronutrients are nutrients that individuals need in big amounts on a regular basis to supply energy to their bodies for biological processes and everyday activities.

By Type
• Macronutrients
• Micronutrients
By Form
• Liquid
• Powder
• Others
By Application
• Bakery & Confectionery
• Food Supplements
• Ready to Eat Foods
• Cosmetics & Personal Care
• Pharmaceuticals
• Others

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Regional Analysis of Mineral Ingredients Market
North America is one of the largest markets for mineral ingredients, accounting for a significant share of the global market. The region's dominance is attributed to several factors, including:
High consumer awareness and demand for nutritional supplements and fortified foods: North American consumers are highly aware of the importance of adequate mineral intake for maintaining optimal health and wellness. This has led to a significant demand for mineral ingredients in the supplement and food industries. Well-established pharmaceutical and personal care industries: The region has well-established pharmaceutical and personal care industries that use mineral ingredients as key components in their products.
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

Key Industry Developments in Mineral Ingredients Market
In July 2021, Minerals Technologies Inc. Acquired Normerica Inc., a prominent North American provider of premium pet care products. MTI is funding the transaction using cash on hand as well as current credit arrangements. The acquisition of Normerica is projected to boost MTI's profits per share in 2021.
In July 2021, Corbion has purchased the entirety of Granolife for an unknown sum. Granolife is a prominent participant in the Mexican baking and fortification sectors, producing functional mixtures. The firm, situated in Querétaro, Mexico, employs around 60 people and maintains a manufacturing plant as well as an application and research centre. With immediate effect, Corbion has taken over the Granolife company.

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