The global Mineral Ingredients Market is estimated to be US$980.6 Million in 2023 and is poised to register 9.37% growth over the forecast period from 2023 to 2030.
Key market driving forces include Growing application in the supplement industry, Shifting Consumer preferences, increasing geriatric population, Increasing Disposable Incomes Worldwide, Focus on emerging countries remains a major expansion strategy, Product launch customized to age groups, sex, and other demographic factors, Increase in marketing initiatives, and others are identified among main market dynamics
Mineral Ingredients Market Analysis
Mineral Ingredients obtained from natural and renewable sources continue to generate significant revenue over the decade as leading companies are focusing on marketing their products for a wide range of applications. Products manufactured using sustainable sources, energy, and ecologically efficient production processes with low carbon footprint, and a focus on innovation in product launches are among the widely observed marketing strategies.
Advancement in the supplements industry is encouraging the wide adoption of plant-based mineral ingredients. Key advantages of Mineral Ingredients such as lower carbon footprint, wide availability of natural and renewable sources across markets, and ability to manufacture customer-specific products supporting the use of Mineral Ingredients across applications. Mineral Ingredients are being developed for both food and non-food applications.
A shifting market trend towards the inclusion of mineral supplements is observed across food and drink products as consumer preference for healthy diets is rapidly emerging across countries. Manufacturing companies emphasize commercializing a wide range of high-performing and cost-competitive Mineral Ingredients. Both established manufacturers and newer companies are promoting the benefits of Mineral Ingredients.
The market growth is driven by increasing demand for both macronutrient and micronutrient types. Growing application in the supplement industry, Shifting Consumer preferences, Increasing geriatric population, Increasing Disposable Incomes Worldwide, and focusing on emerging countries remains major expansion strategy, Product launch customized to age groups, sex, and other demographic factors, Increase in marketing initiatives, and others.
Global Mineral Ingredients Market Size Outlook, USD Billion, 2020- 2028
Market Dynamics
Market Trend- Growing application in the dietary supplement industry
Increased demand for mineral ingredients from the dietary supplements industry will support the market outlook over the forecast period. Increasing attention to health and prevention by consumers, consumer awareness towards chronic diseases and cancer conditions, and a shift toward nutritional and dietary supplements will support the market growth. Strong growth for mineral ingredients in dietary supplements is encouraging manufacturers to significantly invest in R&D to launch products specific to age groups, sex, and applications.
Market Driver- Shifting Consumer preferences
Growing awareness of the importance of well-being and prevention across the population of different ages, the popularity of food supplements in achieving aesthetic goals, and the launch of new products to cater to specific demographic segments support the market growth.
The adoption of sedentary lifestyles is one of the leading market drivers for food supplements including mineral ingredients. Unhealthy food intake and non-optimal eating habits coupled with a sedentary lifestyle often lead to diverse health conditions. Accordingly, the consumption of mineral-fortified foods is widely observed among the population base, which offers new growth opportunities for mineral ingredient vendors.
Further, changing lifestyles with an increasing volume of the working population, urbanization trends, preference for ready-to-consume foods, and other eating habits are resulting in a lower intake of vitamins and minerals. Accordingly, foods fortified with mineral ingredients are widely being marketed across application segments such as bakeries and confectionaries, dairy and non-dairy drinks, functional food, food supplements, and other applications.
Packaged food vendors, Ready-to-Eat food and drink manufacturers, and others are increasingly marketing mineral and vitamin constituents in their products to attract a wide customer base. Innovation in packaging to display the mineral ingredients in the foods is also widely observed, fuelling the demand for ingredient suppliers.
Market Segmentation
The global Mineral Ingredients Market is segmented into Types, Applications, Forms, and Countries.
Macronutrients are the largest type of Mineral Ingredients market in 2022
The macronutrients segment accounted for the largest share of the mineral ingredients market in revenue terms during 2022. The segment contributed 64.3% to the global market size. Further, the macronutrient segment continues to remain the largest product type through the forecast period to 2030.
Bakery and Confectionery remains the largest user of the Mineral Ingredients market during the forecast period
Strong growth in the health-conscious population, the trend towards consumption of healthy foods and beverages, in particular, during the post-pandemic period, and the launch of a wide range of products are the main market drivers.
Mineral ingredients comprising predominantly of macronutrients are widely used in the industry. Calcium carbonate, calcium citrate, calcium phosphate, magnesium carbonate, magnesium citrate, magnesium oxide, ferrous fumarate, ferrous sulfate, ferric pyrophosphate, zinc citrate, zinc oxide, zinc sulfate, and others are used in baking applications.
Key applications of mineral ingredients in the bakery and confectionary foods include- the fortification of baked goods, flour, and cereals with minerals. However, the process is complex as color stability, an unchanging, pleasant consistency, and baking stability must be maintained in baked goods. Similarly, in loose products like flour, homogeneous distribution of all constituents must be maintained.
Mineral ingredients for organic baked goods are also being marketed widely. Leading companies like Dr. Paul Lohmann are developing products specifically focused on women's health, weight management, sports, energy, and others.
Further, most ready-to-consume baked food companies are increasingly adding mineral ingredients to market health and nutrition value to the products. Health benefits associated with fortification are widely marketed. R&D investments in developing new combinations and premixes of minerals and other compounds are observed.
North America dominates the global Mineral Ingredients market for the period 2023 to 2030
North America holds a higher share of the global mineral ingredients market. This is attributed to the increasing government, initiatives to improve consumer knowledge of new mineral ingredient innovations, and increasing focus on research and development to use mineral ingredients in medicinal formulations that provide health benefits. The increasing propensity of consumers to eat healthy foods and an increasing number of applications in the food and beverage industry are also driving market growth in this region. A major trend in the minerals market is the increasing popularity of fortified beverages and foods, but companies face many manufacturing challenges when working with minerals. In contrast to dietary supplements, mineral fortification products place more emphasis on visual appearance and taste.
Segmentation
By Type
By Application
By Form
By Region
Key Players
Leading companies profiled in the study include-
Mineral Ingredients Market Outlook 2023
1 Market Overview
1.1 Introduction to Mineral Ingredients Market
1.2 Scope of the Study
1.3 Research Objective
1.3.1 Key Market Scope and Segments
1.3.2 Players Covered
1.3.3 Years Considered
2 Executive Summary
2.1 2023 Mineral Ingredients Industry- Market Statistics
3 Market Dynamics
3.1 Market Drivers
3.2 Market Challenges
3.3 Market Opportunities
3.4 Market Trends
4 Market Factor Analysis
4.1 Porter’s Five Forces
4.2 Market Entropy
4.2.1 Global Mineral Ingredients Market Companies with Area Served
4.2.2 Products Offerings Global Mineral Ingredients Market
5 COVID-19 Impact Analysis and Outlook Scenarios
5.1.1 Covid-19 Impact Analysis
5.1.2 Post-COVID-19 Scenario- Low Growth Case
5.1.3 Post-COVID-19 Scenario- Reference Growth Case
5.1.4 Post-COVID-19 Scenario- Low Growth Case
6 Global Mineral Ingredients Market Trends
6.1 Global Mineral Ingredients Revenue (USD Million) and CAGR (%) by Type (2018-2028)
6.2 Global Mineral Ingredients Revenue (USD Million) and CAGR (%) by Applications (2018-2028)
6.3 Global Mineral Ingredients Revenue (USD Million) and CAGR (%) by Regions (2018-2028)
7 Global Mineral Ingredients Market Revenue (USD Million) by Type, and Applications (2018-2022)
7.1 Global Mineral Ingredients Revenue (USD Million) by Type (2018-2022)
7.1.1 Global Mineral Ingredients Revenue (USD Million), Market Share (%) by Type (2018-2022)
7.2 Global Mineral Ingredients Revenue (USD Million) by Applications (2018-2022)
7.2.1 Global Mineral Ingredients Revenue (USD Million), Market Share (%) by Applications (2018-2022)
8 Global Mineral Ingredients Development Regional Status and Outlook
8.1 Global Mineral Ingredients Revenue (USD Million) By Regions (2018-2022)
8.2 North America Mineral Ingredients Revenue (USD Million) by Type, and Application (2018-2022)
8.2.1 North America Mineral Ingredients Revenue (USD Million) by Country (2018-2022)
8.2.2 North America Mineral Ingredients Revenue (USD Million) by Type (2018-2022)
8.2.3 North America Mineral Ingredients Revenue (USD Million) by Applications (2018-2022)
8.3 Europe Mineral Ingredients Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)
8.3.1 Europe Mineral Ingredients Revenue (USD Million), by Country (2018-2022)
8.3.2 Europe Mineral Ingredients Revenue (USD Million) by Type (2018-2022)
8.3.3 Europe Mineral Ingredients Revenue (USD Million) by Applications (2018-2022)
8.4 Asia Pacific Mineral Ingredients Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)
8.4.1 Asia Pacific Mineral Ingredients Revenue (USD Million) by Country (2018-2022)
8.4.2 Asia Pacific Mineral Ingredients Revenue (USD Million) by Type (2018-2022)
8.4.3 Asia Pacific Mineral Ingredients Revenue (USD Million) by Applications (2018-2022)
8.5 South America Mineral Ingredients Revenue (USD Million), by Type, and Applications (2018-2022)
8.5.1 South America Mineral Ingredients Revenue (USD Million), by Country (2018-2022)
8.5.2 South America Mineral Ingredients Revenue (USD Million) by Type (2018-2022)
8.5.3 South America Mineral Ingredients Revenue (USD Million) by Applications (2018-2022)
8.6 Middle East and Africa Mineral Ingredients Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)
8.6.1 Middle East and Africa Mineral Ingredients Revenue (USD Million) by Country (2018-2022)
8.6.2 Middle East and Africa Mineral Ingredients Revenue (USD Million) by Type (2018-2022)
8.6.3 Middle East and Africa Mineral Ingredients Revenue (USD Million) by Applications (2018-2022)
9 Company Profiles
10 Global Mineral Ingredients Market Revenue (USD Million), by Type, and Applications (2023-2028)
10.1 Global Mineral Ingredients Revenue (USD Million) and Market Share (%) by Type (2023-2028)
10.1.1 Global Mineral Ingredients Revenue (USD Million), and Market Share (%) by Type (2023-2028)
10.2 Global Mineral Ingredients Revenue (USD Million) and Market Share (%) by Applications (2023-2028)
10.2.1 Global Mineral Ingredients Revenue (USD Million), and Market Share (%) by Applications (2023-2028)
11 Global Mineral Ingredients Development Regional Status and Outlook Forecast
11.1 Global Mineral Ingredients Revenue (USD Million) By Regions (2023-2028)
11.2 North America Mineral Ingredients Revenue (USD Million) by Type, and Applications (2023-2028)
11.2.1 North America Mineral Ingredients Revenue (USD) Million by Country (2023-2028)
11.2.2 North America Mineral Ingredients Revenue (USD Million), by Type (2023-2028)
11.2.3 North America Mineral Ingredients Revenue (USD Million), Market Share (%) by Applications (2023-2028)
11.3 Europe Mineral Ingredients Revenue (USD Million), by Type, and Applications (2023-2028)
11.3.1 Europe Mineral Ingredients Revenue (USD Million), by Country (2023-2028)
11.3.2 Europe Mineral Ingredients Revenue (USD Million), by Type (2023-2028)
11.3.3 Europe Mineral Ingredients Revenue (USD Million), by Applications (2023-2028)
11.4 Asia Pacific Mineral Ingredients Revenue (USD Million) by Type, and Applications (2023-2028)
11.4.1 Asia Pacific Mineral Ingredients Revenue (USD Million), by Country (2023-2028)
11.4.2 Asia Pacific Mineral Ingredients Revenue (USD Million), by Type (2023-2028)
11.4.3 Asia Pacific Mineral Ingredients Revenue (USD Million), by Applications (2023-2028)
11.5 South America Mineral Ingredients Revenue (USD Million), by Type, and Applications (2023-2028)
11.5.1 South America Mineral Ingredients Revenue (USD Million), by Country (2023-2028)
11.5.2 South America Mineral Ingredients Revenue (USD Million), by Type (2023-2028)
11.5.3 South America Mineral Ingredients Revenue (USD Million), by Applications (2023-2028)
11.6 Middle East and Africa Mineral Ingredients Revenue (USD Million), by Type, and Applications (2023-2028)
11.6.1 Middle East and Africa Mineral Ingredients Revenue (USD Million), by Region (2023-2028)
11.6.2 Middle East and Africa Mineral Ingredients Revenue (USD Million), by Type (2023-2028)
11.6.3 Middle East and Africa Mineral Ingredients Revenue (USD Million), by Applications (2023-2028)
12 Methodology and Data Sources
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Sources
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
List Of Tables
Table 1 Market Segmentation Analysis
Table 2 Global Mineral Ingredients Market Companies with Areas Served
Table 3 Products Offerings Global Mineral Ingredients Market
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Mineral Ingredients Revenue (USD Million) And CAGR (%) By Type (2018-2028)
Table 8 Global Mineral Ingredients Revenue (USD Million) And CAGR (%) By Applications (2018-2028)
Table 9 Global Mineral Ingredients Revenue (USD Million) And CAGR (%) By Regions (2018-2028)
Table 10 Global Mineral Ingredients Revenue (USD Million) By Type (2018-2022)
Table 11 Global Mineral Ingredients Revenue Market Share (%) By Type (2018-2022)
Table 12 Global Mineral Ingredients Revenue (USD Million) By Applications (2018-2022)
Table 13 Global Mineral Ingredients Revenue Market Share (%) By Applications (2018-2022)
Table 14 Global Mineral Ingredients Market Revenue (USD Million) By Regions (2018-2022)
Table 15 Global Mineral Ingredients Market Share (%) By Regions (2018-2022)
Table 16 North America Mineral Ingredients Revenue (USD Million) By Country (2018-2022)
Table 17 North America Mineral Ingredients Revenue (USD Million) By Type (2018-2022)
Table 18 North America Mineral Ingredients Revenue (USD Million) By Applications (2018-2022)
Table 19 Europe Mineral Ingredients Revenue (USD Million) By Country (2018-2022)
Table 20 Europe Mineral Ingredients Revenue (USD Million) By Type (2018-2022)
Table 21 Europe Mineral Ingredients Revenue (USD Million) By Applications (2018-2022)
Table 22 Asia Pacific Mineral Ingredients Revenue (USD Million) By Country (2018-2022)
Table 23 Asia Pacific Mineral Ingredients Revenue (USD Million) By Type (2018-2022)
Table 24 Asia Pacific Mineral Ingredients Revenue (USD Million) By Applications (2018-2022)
Table 25 South America Mineral Ingredients Revenue (USD Million) By Country (2018-2022)
Table 26 South America Mineral Ingredients Revenue (USD Million) By Type (2018-2022)
Table 27 South America Mineral Ingredients Revenue (USD Million) By Applications (2018-2022)
Table 28 Middle East and Africa Mineral Ingredients Revenue (USD Million) By Region (2018-2022)
Table 29 Middle East and Africa Mineral Ingredients Revenue (USD Million) By Type (2018-2022)
Table 30 Middle East and Africa Mineral Ingredients Revenue (USD Million) By Applications (2018-2022)
Table 31 Financial Analysis
Table 32 Global Mineral Ingredients Revenue (USD Million) By Type (2023-2028)
Table 33 Global Mineral Ingredients Revenue Market Share (%) By Type (2023-2028)
Table 34 Global Mineral Ingredients Revenue (USD Million) By Applications (2023-2028)
Table 35 Global Mineral Ingredients Revenue Market Share (%) By Applications (2023-2028)
Table 36 Global Mineral Ingredients Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2028)
Table 37 North America Mineral Ingredients Revenue (USD)By Country (2023-2028)
Table 38 North America Mineral Ingredients Revenue (USD Million) By Type (2023-2028)
Table 39 North America Mineral Ingredients Revenue (USD Million) By Applications (2023-2028)
Table 40 Europe Mineral Ingredients Revenue (USD Million) By Country (2023-2028)
Table 41 Europe Mineral Ingredients Revenue (USD Million) By Type (2023-2028)
Table 42 Europe Mineral Ingredients Revenue (USD Million) By Applications (2023-2028)
Table 43 Asia Pacific Mineral Ingredients Revenue (USD Million) By Country (2023-2028)
Table 44 Asia Pacific Mineral Ingredients Revenue (USD Million) By Type (2023-2028)
Table 45 Asia Pacific Mineral Ingredients Revenue (USD Million) By Applications (2023-2028)
Table 46 South America Mineral Ingredients Revenue (USD Million) By Country (2023-2028)
Table 47 South America Mineral Ingredients Revenue (USD Million) By Type (2023-2028)
Table 48 South America Mineral Ingredients Revenue (USD Million) By Applications (2023-2028)
Table 49 Middle East and Africa Mineral Ingredients Revenue (USD Million) By Region (2023-2028)
Table 50 Middle East and Africa Mineral Ingredients Revenue (USD Million) By Region (2023-2028)
Table 51 Middle East and Africa Mineral Ingredients Revenue (USD Million) By Type (2023-2028)
Table 52 Middle East and Africa Mineral Ingredients Revenue (USD Million) By Applications (2023-2028)
Table 53 Research Programs/Design for This Report
Table 54 Key Data Information from Secondary Sources
Table 55 Key Data Information from Primary Sources
List Of Figures
Figure 1 Market Scope
Figure 2 Porter’s Five Forces
Figure 3 Global Mineral Ingredients Revenue (USD Million) By Type (2018-2022)
Figure 4 Global Mineral Ingredients Revenue Market Share (%) By Type (2022)
Figure 5 Global Mineral Ingredients Revenue (USD Million) By Applications (2018-2022)
Figure 6 Global Mineral Ingredients Revenue Market Share (%) By Applications (2022)
Figure 7 Global Mineral Ingredients Market Revenue (USD Million) By Regions (2018-2022)
Figure 8 Global Mineral Ingredients Market Share (%) By Regions (2022)
Figure 9 North America Mineral Ingredients Revenue (USD Million) By Country (2018-2022)
Figure 10 North America Mineral Ingredients Revenue (USD Million) By Type (2018-2022)
Figure 11 North America Mineral Ingredients Revenue (USD Million) By Applications (2018-2022)
Figure 12 Europe Mineral Ingredients Revenue (USD Million) By Country (2018-2022)
Figure 13 Europe Mineral Ingredients Revenue (USD Million) By Type (2018-2022)
Figure 14 Europe Mineral Ingredients Revenue (USD Million) By Applications (2018-2022)
Figure 15 Asia Pacific Mineral Ingredients Revenue (USD Million) By Country (2018-2022)
Figure 16 Asia Pacific Mineral Ingredients Revenue (USD Million) By Type (2018-2022)
Figure 17 Asia Pacific Mineral Ingredients Revenue (USD Million) By Applications (2018-2022)
Figure 18 South America Mineral Ingredients Revenue (USD Million) By Country (2018-2022)
Figure 19 South America Mineral Ingredients Revenue (USD Million) By Type (2018-2022)
Figure 20 South America Mineral Ingredients Revenue (USD Million) By Applications (2018-2022)
Figure 21 Middle East and Africa Mineral Ingredients Revenue (USD Million) By Region (2018-2022)
Figure 22 Middle East and Africa Mineral Ingredients Revenue (USD Million) By Type (2018-2022)
Figure 23 Middle East and Africa Mineral Ingredients Revenue (USD Million) By Applications (2018-2022)
Figure 24 Global Mineral Ingredients Revenue (USD Million) By Type (2023-2028)
Figure 25 Global Mineral Ingredients Revenue Market Share (%) By Type (2028)
Figure 26 Global Mineral Ingredients Revenue (USD Million) By Applications (2023-2028)
Figure 27 Global Mineral Ingredients Revenue Market Share (%) By Applications (2028)
Figure 28 Global Mineral Ingredients Market Revenue (USD Million) By Regions (2023-2028)
Figure 29 North America Mineral Ingredients Revenue (USD Million) By Country (2023-2028)
Figure 30 North America Mineral Ingredients Revenue (USD Million) By Type (2023-2028)
Figure 31 North America Mineral Ingredients Revenue (USD Million) By Applications (2023-2028)
Figure 32 Europe Mineral Ingredients Revenue (USD Million) By Country (2023-2028)
Figure 33 Europe Mineral Ingredients Revenue (USD Million) By Type (2023-2028)
Figure 34 Europe Mineral Ingredients Revenue (USD Million) By Applications (2023-2028)
Figure 35 Asia Pacific Mineral Ingredients Revenue (USD Million) By Country (2023-2028)
Figure 36 Asia Pacific Mineral Ingredients Revenue (USD Million) By Type (2023-2028)
Figure 37 Asia Pacific Mineral Ingredients Revenue (USD Million) By Applications (2023-2028)
Figure 38 South America Mineral Ingredients Revenue (USD Million) By Country (2023-2028)
Figure 39 South America Mineral Ingredients Revenue (USD Million) By Type (2023-2028)
Figure 40 South America Mineral Ingredients Revenue (USD Million) By Applications (2023-2028)
Figure 41 Middle East and Africa Mineral Ingredients Revenue (USD Million) By Region (2023-2028)
Figure 42 Middle East and Africa Mineral Ingredients Revenue (USD Million) By Region (2023-2028)
Figure 43 Middle East and Africa Mineral Ingredients Revenue (USD Million) By Type (2023-2028)
Figure 44 Middle East and Africa Mineral Ingredients Revenue (USD Million) By Applications (2023-2028)
Figure 45 Bottom-Up and Top-Down Approaches For This Report
Figure 46 Data Triangulation
The global Mineral Ingredients Market is estimated to be US$980.6 Million in 2023.
The market is poised to register 9.37% growth over the forecast period from 2023 to 2030
Koninklijke DSM N.V., Arla Food Amba, Akzo Nobel N.V., Balchem Corporation, Minerals Technologies, Inc., Gadot Biochemical Industries Ltd., Yara International ASA, Jungbunzlauer Suisse AG, Compass Minerals International, Inc., Corbion N.V.
Macronutrients, Food Supplements, and Asia Pacific are the fastest-growing segments in the market.