April 07, 2020
As per the report titled ‘Food Minerals Market Size by Product , Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025’, available with Market Study Report LLC, the global food minerals market is projected to exceed USD 1.9 billion by the year 2025.
Increasing health conscious population and changing dietary habits on account of rapid urbanization are fostering the growth of food minerals market. Marketing of product for various benefits including brain & memory support, eye health, digestion, allergy relief, and weight management is fueling the demand for food minerals. Favorable government policies and stringent clinical trials are positively impacting the market growth.
Based on the product type, food mineral market is categorized into zinc, magnesium, calcium, and Iron. Magnesium segment is expected to grow considerably during the forecast period, owing to it characteristics such as regulating metabolic function and aiding muscle & skeleton health. Magnesium ions assist in triggering energy molecules and regulating the neurotransmitters between the nervous system and the brain.
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Zinc market segment amassed USD 55 million in 2018 and is anticipated to show substantial growth during the study period. The growth can be affixed to increasing youth population, fast paced lifestyle, and poor diets which have increased the demand for zinc supplements to regulate immune responses and negate the growth of cancer cells.
Iron mineral segment was worth USD 30 million in 2018 and is presumed to see a noticeable growth over the forecast timeline, owing to increasing cases of anemia across the globe. Escalating product utilization in muscle and fitness supplements for enhancing mental alertness and physical performance as it acts as oxygen carrier to brain will further boost the segment growth.
Considering the geographical landscape, food minerals market in Europe is expected to see a growth of 5% by the end of 2025. Strict standards for product quality coupled with rising cases of cardiovascular diseases and obesity across the region are supporting the regional business growth.
Major players of food minerals market are Bee Health, Youngevity, Geri-Care Pharmaceuticals, Bayer, LifeExtension, Pharmaca, Rainbow Light, Thorne Research, Novartis, Solgar, and Bluebonnet Nutrition. These companies are focused on manufacturing supplements without the use of bisphenol, benzoic acid, sorbitol, hydrogenated oils, artificial flavors, and any preservatives to offer safe products to consumers.
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