Press release
India Mineral Supplements Market Size Surges to US$ 4.60 Billion by 2029 - Glanbia Plc., Nu Skin Enterprises, Inc., E. I. du Pont de Nemours and Company.
Forecast Increase in Revenue:India Mineral Supplements Market size is expected to reach US$ 4.60 Bn. by 2029, at a CAGR of 18% during the forecast period.
India Mineral Supplements Market Overview:
The India mineral supplements market was valued at USD 1.44 billion in 2022 and is projected to reach USD 4.60 billion by 2029, growing at a CAGR of 18%. This growth is driven by increasing awareness of health and fitness, rising incidences of mineral deficiencies (particularly calcium, zinc, and iron), and the prevalence of diseases such as osteoporosis, anemia, cancer, and diabetes, which necessitate the use of mineral supplements for management.
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Drivers in the India Mineral Supplements Market:
Key drivers of the India mineral supplements market include the growing consumer preference for preventive healthcare and the high prevalence of mineral deficiencies and chronic diseases. The increasing willingness of consumers to spend on fortified foods and the rising senior population, coupled with higher disposable incomes, are also contributing significantly to market growth.
India Mineral Supplements Market Trends:
Emerging trends in the India mineral supplements market include a significant shift towards veganism, which is driving the demand for plant-based mineral supplements. Additionally, there is an increasing trend of new product launches and innovations, such as supplements tailored for specific health conditions and formats that cater to diverse consumer preferences.
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India Mineral Supplements Market Opportunities:
Opportunities in the India mineral supplements market are expanding with the increasing consumer inclination towards functional foods and beverages fortified with essential minerals. The rise in online retailing and the expansion of distribution channels also present significant growth potential, enabling wider accessibility and convenience for consumers.
India Mineral Supplements Market Regional Insight:
North America dominates the prepaid card market, with the United States contributing more than half of the global industry due to the high adoption of prepaid cards and favorable regulations. Meanwhile, the Asia-Pacific region is expected to grow at the highest CAGR, driven by increasing applications in retail, government, and corporate sectors, as well as supportive policies in countries like India and China.
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Segmentation Analysis of the India Mineral Supplements Market:
by Product
Calcium
Magnesium
Iron
Potassium
Zinc
Chromium
Selenium
Others
by End-Users
Adult Women
Adult Men
Senior Citizen
Who is the largest manufacturers of India Mineral Supplements Market worldwide?
1. Glanbia Plc.
2. Nu Skin Enterprises, Inc.
3. E. I. du Pont de Nemours and Company.
4. NBTY, Inc.
5. Koninklijke DSM N.V.
6. BASF SE
7. Amway and Herbalife, Ltd.
8. Abbott
9. Nestle
10. Biovea
11. Amway
12. Bayer AG
13. Atrium Innovations Inc.
14. Bayer AG
15. Others
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