Food Minerals Market Size - By Product (Zinc [Zinc Oxide, Zinc Sulfate], Magnesium [Magnesium Citrate, Magnesium Chloride, Magnesium Oxide], Calcium [Calcium Carbonate, Calcium Chloride], Iron [Ferrous Gluconate, Ferrous Fumarate]) & Forecast, 2023 – 2032

Food Minerals Market Size

Food Minerals Market size is anticipated to record over 5.9% CAGR from 2023 to 2032, due to the shifting inclination to transparent and healthier food choices. The rising consumer focus on seeking food products with clean labels, including natural and minimally processed minerals and mineral-rich ingredients will stimulate the industry expansion. With the growing demand for functional and fortified foods, several manufacturers are fortifying wide range of products with essential minerals for catering to consumers requiring nutritionally enhanced options.
 

The increasing importance of personalized nutrition has also compelled several companies to explore ways for customizing mineral fortification for meeting specific nutritional needs and preferences of individual consumers, adding to the industry growth.
 

Food Minerals Market Growth Drivers & Restraints

The surging consumer awareness along with the growing regulatory support will drive the industry development. For instance, in June 2022, the U.S. FDA launched Supplement Your Knowledge, its new education initiative for broadening the public understanding of dietary supplements. However, the higher costs of mineral extraction processes and the challenges related to research and clinical trials may hamper the demand for food minerals to considerable extent.
 

COVID-19 Impact

The COVID-19 pandemic proved favorable for the market growth driven by the heightened interest in health and wellness coupled with the high consumer demand for foods & beverages fortified with essential vitamins and minerals for supporting the immune health and overall well-being. The rising health-consciousness and shifting consumer preferences led to influenced food choices. The accelerated R&D investments related to minerals and their effects on immunity and overall health also contributed to the product demand.
 

Food Minerals Market Trends

The continuously increasing research activities into the health benefits of several minerals to drive innovation will influence the market expansion. To cite an instance, in July 2023, multinational food-products firm Danone introduced new milk formulas in meeting the dietary iron requirements of young children in South-East Asia nations, such as Malaysia and Cambodia whilst beefing up research on iron deficiency anemia. Furthermore, the influx of several novel delivery methods as well as technologies for enhancing the bioavailability of minerals in food products will also prove favorable for the industry growth.
 

Food Minerals Product Market Analysis

Based on product, the magnesium segment is expected to account significant revenue share of the food minerals market by 2032. The growth can be attributed to the crucial role of magnesium in regulating more than 300 enzymatic reactions, including transmission of nerve impulses, blood glucose regulation, synthesis of fatty acids & proteins, and metabolism of food. Of late, magnesium supplements have grown popular as they support muscle function, reduce muscle cramps while promoting the overall well-being. The growing popularity of magnesium-rich beverages is another important factor driving the industry growth.
 

North America food minerals market size is slated to record more than 5% CAGR from 2023 to 2032, due to the surge in awareness about the importance of balanced diets mainly in the U.S., Canada and Mexico. The growing burden of obesity mainly among the youth population has steered the higher focus on healthy lifestyles and weight management products to promote physical health and wellness. As per Northwest Family Clinics, 19.7% of youths aged between 2-19 years are obese. The increasing intake of foods and beverages fortified with natural essential minerals, including calcium, magnesium, and zinc will also drive the regional product uptake.
 

Food Minerals Market Share

Some of the prominent food minerals market contenders include:

• Bee Health
• BASF
• Youngevity
• DSM Nutritional Products
•  Bayer
• Pharmaca
• Solgar
•  Novartis and Rainbow Light
   

Food Minerals Industry News

• In November 2022, DSM introduced a new database to identify the key micronutrient gaps across 11 markets in Asia-Pacific in a bid to assist health supplement brands and manufacturers in designing products to cater to the growing requirements
   
• In February 2023, Bayer announced the expansion of Nutrient Gap Initiative, its signature sustainability programme to enhance access to nutritious food as well as safety net supplementation in line with its “Health for all, Hunger for None” vision
   

This food minerals market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments:

Click here to Buy Section of this Report

By Product

• Zinc
  • Zinc Acetate
  • Zinc Oxide
  • Zinc Chloride
  • Zinc Citrate
  • Zinc Sulfate
• Magnesium
  • Magnesium Sulfate
  • Magnesium Citrate
  • Magnesium Chloride
  • Magnesium Oxide
• Calcium
  • Calcium Carbonate
  • Calcium Phosphate
  • Calcium Citrate
  • Calcium Chloride
• Iron
  • Ferrous Sulphate
  • Ferrous Gluconate
  • Ferrous Fumarate
  • Ferrous Lactate

The above information has been provided for the following countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Poland
  • Denmark
• Asia Pacific
  • China
  • India
  • Japan
  • Thailand
  • Australia
  • Malaysia
  • South Korea
• Latin America
  • Brazil
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE