The Asia Pacific Mineral Supplements Market would witness market growth of 5.7% CAGR during the forecast period (2023-2030).
Minerals such as potassium, magnesium, and calcium play a role in cardiovascular health. They contribute to blood pressure regulation, heart muscle function, and cardiovascular well-being. Minerals like magnesium and potassium are essential for proper muscle function. Athletes and individuals engaging in physical activities may use these supplements to support muscle health and prevent cramping.
Pregnant women often take mineral supplements, including iron and calcium, to meet the increased nutritional demands during pregnancy. These supplements support the health of both the mother and the developing fetus. Certain minerals, such as omega-3 fatty acids and zinc, are associated with cognitive function. These supplements may support brain health and reduce the risk of cognitive decline.
According to the Ministry of Statistics & Programme Implementation, the gross national disposable income (GNDI) of India at current prices is estimated at ₹236.07 lakh crore for the year 2021-22, while the estimate for the year 2020-21 stands at ₹201.15 lakh crore, showing a growth of 17.4 percent for the year 2021-22 as against a contraction of 1.6 percent in the year 2020-21. Therefore, the growing aging population and rising disposable income in the region are propelling the growth of the market.
The China market dominated the Asia Pacific Mineral Supplements Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,491 million by 2030. Japan market is exhibiting a CAGR of 5% during (2023 - 2030). Additionally, The India market would experience a CAGR of 6.4% during (2023 - 2030).
Free Valuable Insights: The Global Mineral Supplements Market is Predict to reach $ 23.7 billion by 2030, at a CAGR of 5.4%
Based on Sales Channel, the market is segmented into Pharmacies & Drug Stores, Supermarkets & Hypermarkets, and Online Channels. Based on Formulation, the market is segmented into Tablet, Capsule, Powder, Liquid/Gel & Others. Based on Application, the market is segmented into General Health, Bone & Joint health, Gastrointestinal Health, Immunity, and Others. Based on End-use, the market is segmented into Adults, Geriatric, Pregnant Women, Children, and Infants. Based on Product, the market is segmented into Calcium, Zinc, Chromium, Magnesium, Selenium, Iron, Potassium, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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