Minerals are inorganic nutrients that cannot be biologically synthesized, and are essential for overall growth. Most of the mineral elements which organisms ingest are in the form of simple compounds. Various minerals consist of phosphorus, calcium, zinc, iron, magnesium, and potassium. These componentshelp to keep the immune system strong and protect the body from different diseases. The body uses minerals to perform various functions from building strong bones to nerve impulse transmission. Lack of nutrient-rich food increases the demand for these minerals.
Market scope and structure analysis:
|Market size available for years||2020–2027|
|Base year considered||2019|
|Forecast units||Value ($US)|
|Segments covered||Type, Source, Application,and Region|
|Regions covered||North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain,and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil,and Rest of LAMEA)|
|Companies covered||Sigma Minerals Ltd., Archer Daniels Midland Company, Cargill, Incorporated., Dangote Industries Limited, Eisai Co., Ltd., Avion Pharmaceuticals, LLC, Omya AG, Micronutrients, CalciTech Europe Limited, Waitaki Bio, ABF Ingredients, AlgaeCalInc, CK Ingredients, SPI Pharma, AB Enzymes, Ohly, ABITEC, K+S AKTIENGESELLSCHAFT|
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COVID-19 Scenario Analysis:
- The worldwide pandemic occurrence has significantly increased the demand for the food-based mineral products like grains, fruits, vegetables, and milk because these food products help to keep the immune system strong and protect from various diseases.
- There is a high demand for food-based minerals in nutraceutical and pharmaceutical industries as consumers are consuming the minerals in the form of tablets, capsules, and powder to be physically strong.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Rapid urbanization & liberalization along with increased consumer health awareness and willingness to spend on natural products foster the growth of the food minerals market. Growing consumer focus on personal health issues such as weight, allergies, and stress management boost the market growth.
Increase in demand for natural food-based minerals in the nutraceutical and pharmaceutical industries boosts the market growth. Surge in demand for nutritional ingredients in sweets, beverages, and food is expected to fuel the growth of the market.
Strict regulatory standards related to the quality of products hinder market growth. Besides, the high cost of products containing minerals restrict the market growth for the food mineral market.
The global market trend are as follows:
- Magnesium food minerals play a significant role in regulating enzymatic reactions such as fatty acids & protein synthesis, nerve impulse transmission, and food metabolism. Magnesium is extensively used as an energy supplement. It also helps to regulate levels of potassium and sodium that will stimulate the global market demand for food-based minerals.
- Calcium food minerals help in the maintenance of healthy bones, teeth enamel, and muscles. It also plays a vital role in the contraction of cardiovascular muscles & reduces the risk of hypertension and heart disease. These products are available in various forms such as tablets, capsules, powders, and liquids that will further boost the growth of food-based minerals market.
- Rise in allergies & weak immune systems will increase dependence on natural supplements due to increased pollution, stress, and hectic lifestyle schedules. Some of the major allergies include allergies associated with pollen, sinus infections, migraine, itching, digestive disorders, and skin problems that are anticipated to boost market growth in the industry.
- Increased consumer awareness and government regulations are redirecting manufacturers to focus strictly on selecting raw materials, correct labeling, and providing instructions on dosage and side effects that can stimulate the size of the market.
Key Segment Covered:
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Key Benefits of the Report:
- This study presents the analytical depiction of thefood mineralsIndustry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of thefood minerals market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the globalfood minerals market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailedfood minerals market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in theFood MineralsMarketResearch Report:
- What are the leading market players active in thefood minerals market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
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