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Therapeutic Nutrients And Minerals Market Analysis, Size, Share, Trend And Forecast 2033
Therapeutic Nutrients And Minerals Market
The therapeutic nutrients & minerals market size is expected to see strong growth in the next few years. It will grow to $99.22 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to personalized nutrition and customized supplements, wellness and immune system support, e-commerce and direct-to-consumer channels, plant-based and natural ingredient preferences, regulatory emphasis on health claims and labeling. Major trends in the forecast period include collaborations in the pharmaceutical industry, demand for trace minerals and micronutrients, focus on mental health and cognitive function, adoption of sustainable and ethical sourcing, integration of technology in nutrient delivery.
Market Overview -
Therapeutic nutrients and minerals refer to vitamins, minerals, and other nutrients that are used to support overall health and treat specific health conditions. They are used to provide substances that are not taken in through the diet.
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Rising Demand For Functional Foods To Drive Market Growth
The increasing demand of functional foods is expected to propel the growth of therapeutic nutrients and minerals market going forward. Functional foods refer to food products that offer health benefits beyond basic nutrition. These foods are formulated to provide additional positive effects on health by promoting optimal physiological functions and reducing the risk of chronic diseases. Functional foods, enriched with therapeutic nutrients and minerals, offer targeted health advantages, driving their popularity among health-conscious individuals. For instance, according to the Institute of Food Technologists (IFT), a US-based non-profit scientific society, the sales of functional foods and beverages in the United States reached $83 billion in 2021, a 6.8% increase over 2020. Therefore, the increasing demand of functional foods is driving the growth of the therapeutic nutrients and minerals market.
Competitive Landscape -
Major companies operating in the therapeutic nutrients and minerals market report are Glanbia plc, Herbalife Nutrition Ltd., Bayer AG, Abbott Laboratories, Nu Skin Enterprises Inc., Otsuka Pharmaceutical Co. Ltd., Alticor Inc., Royal DSM NV, Reckitt Benckiser Group plc, NutraMarks Inc., Pharmavite LLC, Archer Daniels Midland Company, BASF SE, Nestlé SA, Bio Botanica Inc., GlaxoSmithKline plc, International Flavors & Fragrances Inc., Jamieson Wellness Inc., USANA Health Sciences Inc., Albion Minerals, Balchem Corporation, Innophos Inc., AST Enzymes, Nature's Way Brands, FuelMax Pvt. Ltd., Haleon plc, Garden of Life, Integrative Therapeutics Inc., Gemini Pharmaceuticals Inc. .
Technological Advancements Driving Innovation In Therapeutic Nutrients And Minerals Market
Technological advancements are a key trend gaining popularity in the therapeutic nutrients and minerals market. Major companies operating in the therapeutic nutrients and minerals market are introducing new technologies to develop innovative products and sustain their position in the market. For instance, in March 2022, Prodalim Resources Ltd., a Netherlands-based food and beverage service company, launched the Capsoil FoodTech platform. The platform features the next generation of self-emulsified powder technology to convert bioactive oil compounds, including nutritional oils, fat-soluble vitamins, and lipid-based nutrients, into easily soluble powders.
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Key Segments -
The therapeutic nutrients and minerals market covered in this report is segmented -
1) By Type: Multivitamins, Calcium, Supplements, Other Types
2) By Formulation: Capsule, Tablet, Powder, Liquid Or Gel, Other Formulations
3) By Sales Channel : Pharmacies And Drug Stores, Supermarkets And Hypermarkets, Online Channels
4) By End User: Adults, Geriatric, Pregnant Women, Children, Infants
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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