The Latin America, Middle East and Africa Mineral Supplements Market would witness market growth of 7.2% CAGR during the forecast period (2023-2030).
The mineral supplements market stands at the intersection of health and nutrition, catering to the evolving needs of individuals seeking comprehensive well-being. In a world where dietary habits, lifestyles, and demographic shifts influence health outcomes, mineral supplements have become pivotal contributors to maintaining optimal nutritional balance.
Moreover, mineral supplements are crucial in addressing nutritional deficiencies arising from inadequate dietary choices, restricted diets, or the natural aging process. With a focus on minerals like calcium, iron, magnesium, zinc, and potassium, these supplements provide a targeted approach to supporting bone health, immune function, cardiovascular well-being, and various physiological processes essential for vitality.
Integrating nutritional considerations into healthcare practices, collaborations between pharmaceutical and supplement manufacturers, and increased consumer awareness facilitated by the pharmaceutical industry's growth in Saudi Arabia contribute to the overall development of the mineral supplements market in the region. Therefore, the growth of the pharmaceutical industry and rising expenditure in the health sector is propelling the growth of the market.
The Brazil market dominated the LAMEA Mineral Supplements Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $507.9 million by 2030 The Argentina market is registering a CAGR of 7.8% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 6.9% during (2023 - 2030).
Free Valuable Insights: The Worldwide Mineral Supplements Market is Projected to reach USD 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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