According to a new report, published by KBV research, The Global Mineral Supplements Market size is expected to reach $23.7 billion by 2030, rising at a market growth of 5.4% CAGR during the forecast period.
The Online Channels segment is showcasing a CAGR of 5.9% during (2023 - 2030). Online platforms are accessible 24/7, allowing consumers to shop for mineral supplements at any time that suits their schedules. This flexibility caters to individuals with busy lifestyles or those in different time zones. Additionally, online channels offer a global marketplace, allowing consumers to access mineral supplements from different brands and regions. This global reach expands choices and provides access to products not available locally.
The Tablet segment is leading the Global Mineral Supplements Market by Formulation in 2022; thereby, achieving a market value of $8.4 billion by 2030. Tablets are convenient for consumers, as they are easy to handle and can be swallowed with water. This simplicity makes them a preferred option for individuals looking for a straightforward way to incorporate mineral supplements into their daily routines. Additionally, tablets' solid and compressed nature contributes to their longer shelf life. This can be advantageous for manufacturers and consumers, as it allows for bulk production and stocking without concerns about rapid expiration.
Bone & Joint health segment would register a CAGR of 5.1% during (2023 - 2030). After injuries or surgeries affecting bones and joints, individuals may use mineral supplements to support the repair and recovery process. Certain minerals contribute to tissue regeneration and overall musculoskeletal health. Minerals like calcium and phosphorus support bone health and affect muscle function. Supplements addressing both aspects may be sought to promote overall musculoskeletal well-being.
The Adults segment is anticipating the Global Mineral Supplements Market by End-use in 2022; thereby, achieving a market value of $10.8 billion by 2030. Adults experience nutritional gaps in their diets due to busy lifestyles, dietary restrictions, and reliance on processed foods. Mineral supplements provide a convenient and effective way for adults to fill these nutritional voids. Additionally, the growing focus on health and wellness drives adults to seek ways to support their overall well-being. Mineral supplements are perceived as essential components of a proactive approach to health, aiding in preventing nutrient deficiencies.
The Zinc segment is exhibiting a CAGR of 6.6% during (2023 - 2030). Zinc is crucial for the normal development and function of immune cells. The association between zinc and immune health has increased interest in zinc supplements, particularly during periods of heightened concern about immune function, such as during cold and flu or viral outbreaks. Zinc is involved in the process of wound healing and tissue repair. Individuals recovering from surgery or injuries may seek zinc supplements to support these processes and promote faster recovery.
Full Report: https://www.kbvresearch.com/mineral-supplements-market/
The Asia Pacific region dominated the Global Mineral Supplements Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $9.3 billion by 2030. The Europe region would exhibit a CAGR of 4.7% during (2023 - 2030). Additionally, The North America region is experiencing a CAGR of 5.2% during (2023 - 2030).
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