Press release
Micronutrient Powders Market Expected to Reach USD 8.6 Billion by 2031 | Herbalife International, GNC Holdings, Amway.
Micronutrient Powders Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Micronutrient Powders market from 2024 to 2031, and what is the market value expected to change by 2031?
The Micronutrient Powders Market reached USD 6.1 billion in 2022 and is expected to reach USD 8.6 billion by 2031, growing with a CAGR of 4.5% during the forecast period 2024-2031.
The Micronutrient Powders Market involves powdered supplements that provide essential vitamins and minerals to support overall health and nutrition. These powders are often added to food or beverages to address nutrient deficiencies, especially in populations with limited access to diverse diets. Market growth is driven by rising health awareness, the increasing popularity of functional foods, and the demand for convenient, easy-to-consume nutritional solutions in both developed and emerging markets.
Key Developments:
On June 15, 2023, GNC partnered with CTRL to launch an exclusive line of food supplements designed specifically for gamers and health-conscious individuals. This collaboration aims to provide tailored nutritional products that help gamers enhance their performance and promote overall well-being.
On December 23, 2021, BNSL Limited re-launched its micronutrient powder, ENRICH, with a focus on improving the health of young children. The company is addressing the critical issue of child malnutrition, particularly in Africa, with the goal of making a significant impact on the lives of malnourished children around the world, helping them achieve a healthier future.
List of the Key Players in the Micronutrient Powders Market:
Herbalife International, GNC Holdings, Amway, Glanbia, Bayer, Abbott Laboratories, NutraClick, Nature's Sunshine Forms, Bionova Lifesciences, and PowerBar Europe GmbH.
Research Process:
Both primary and secondary data sources have been used in the global Micronutrient Powders Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Segment Covered in the Micronutrient Powders Market:
By Ingredients: Vitamins, Fibers, Botanicals, Proteins, Amino Acids, Minerals, Others.
By Application: Bone & Joint Health, Anti-Cancer, Weight Management, Cardiac Health, Immunity, General Health, Others.
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Online Sales, Others.
Regional Breakout:
The global Micronutrient Powders Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
✫ North America (U.S., Canada, Mexico)
✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
✫ South America (Colombia, Brazil, Argentina, Rest of South America)
✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This Report Unveils:
✔ Go to Market Strategy- A roadmap to successfully product launch or service in the target market.
✔ Gain a clear picture of the market's health and growth trajectory through neutral analysis.
✔ Deep Market Insights delve into development trends, competitor landscape, supply and demand dynamics, brand share & pricing analysis year-over-year growth patterns, and key players' performance.
✔ Upon request, we can provide customized reports focusing on specific regions or countries, offering a granular view of their markets.
✔ Identify high-potential niche segments and regions poised for significant expansion.
✔ Analysis of Market Size (historical and forecast) Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) to understand the market's overall size and your achievable market share.
✔ Gain a comprehensive understanding of the competitive landscape, including market share distribution, key players (innovators, startups, laggards, and pioneers), and their respective strengths and weaknesses.
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Micronutrient Powders manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Micronutrient Powders in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the Micronutrient Powders market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the Micronutrient Powders market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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Frequently Asked Questions
☞ What is the expected growth rate of the global Micronutrient Powders market for the forecast period?
☞ What are the key driving factors that are responsible to shape the fate of the Micronutrient Powders market during the forecast period?
☞ What will be the overall size of the market during the analysis period?
☞ What are the prominent market trends which influence the development of the Micronutrient Powders market across various regions?
☞ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?
☞ What are the challenges and threats that are likely to act as a barrier to the growth of the Micronutrient Powders market?
☞ What are the major opportunities that the companies can get to attain success in the world?
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