The global market for mineral ingredients is one of the rapidly growing food and beverage markets, driven by robust consumer demand. The report presents the market outlook for macronutrients and micronutrients from 2020 to 2028. Further, the outlook for powder form, liquid form mineral ingredients across applications including Bakery and Confectionery, Beverages, Dairy Products, Food Supplements, Functional Food, Infant Formula, Sports Food, Cosmetics & Personal Care, Pharmaceuticals, and Others is also included.

 

Mineral Ingredients Market Snapshot

• The global Mineral Ingredients Market Size stood at US$749.6 Million in 2020 and is poised to register 9.37% growth over the forecast period from 2021 to 2028
• Macronutrients type Mineral Ingredients are the largest type of Mineral Ingredients with a 64.3% market share. Key types of Mineral Ingredients analyzed in the report include micronutrients type.   
• Among different forms of mineral ingredients marketed worldwide, Powder form remains the dominant form of Mineral Ingredients in value terms, with a market share of 69.4% during 2020. Other forms of Mineral Ingredients sold in the industry include liquid and others.
• End-User industries of mineral ingredients analyzed in the industry include Bakery and Confectionery, Beverages, Dairy Products, Food Supplements (incl. Meat alternatives), Functional Food, Infant Formula, Sports Food, Cosmetics & Personal Care, Pharmaceuticals, and others worldwide. Of these, the Bakery and Confectionery segment dominated the industry with a 27.3% market share.
• Driven by rapid adoption across end-user industries, North America dominates the global Mineral Ingredients market with over 36.95% market share in value terms.
• 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
• On the other hand, challenges associated with Stringent food safety regulations, the threat of counterfeit dietary supplements, Low affordability and awareness in developing regions, and the negative impact of COVID-19 restrict the market growth

 

Global Mineral Ingredients Market Size Outlook, USD Billion, 2020- 2028

The global Mineral Ingredients market size is estimated to reach $1.6 Billion in 2028 from $0.75 Billion in 2020, at a CAGR of 9.37% between 2021 and 2028.

 

Mineral Ingredients Industry Panorama

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 ecological efficient production processes with low carbon footprint, 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, ability to manufacture customer-specific products are 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, focusing 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.

On the other hand, challenges associated with the negative impact of COVID-19 conditions, stringent food safety regulations, threat of counterfeit dietary supplements, low affordability, and awareness in developing regions restrict the market growth.

 

Mineral Ingredients Market Trends- Growing application in the 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 shift towards 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 group, sex, and applications.

 

Mineral Ingredients Market Trends- Product launch customized to age groups, sex, and other demographic factors

Macro-ingredients and micro-ingredients including Calcium, magnesium, phosphorus, sodium, potassium, chloride, sulfur, iron, manganese, copper, iodine, zinc, cobalt, and others, are widely marketed across the world. Manufacturing companies are focusing on marketing these products to attract different demographic segments. Varied marketing strategies are opted to attract diverse customers. Corbion focuses more on bioavailable minerals, Arla foods is focusing on milk minerals, Dr. Paul Lohmann continues to develop products more focused on food supplements application, SEPPIC launched mineral fortified cosmetic applications among others. The companies are also developing products specific to address the requirements of different age groups, women and men, patients suffering from different chronic diseases, and other focused user segments.

 

Mineral Ingredients Market Report Segmentation

• Types
  • Macronutrients
  • Micronutrients
• Application
  • Bakery and Confectionery
  • Beverages
  • Dairy Products
  • Food Supplements
  • Functional Food
  • Infant Formula
  • Sports Food
  • Cosmetics & Personal Care
  • Pharmaceuticals
  • Others
• Forms
  • Powder
  • Liquid
  • Others
• Regions
  • North America
  • Europe
  • Asia Pacific
  • Middle East Africa
  • Latin America
• Companies
  • Koninklijke DSM N.V
  • Arla Foods Amba
  • Akzonobel N.V.
  • Balchem Corporation
  • Minerals Technologies, Inc
  • Gadot Biochemical Industries Ltd
  • Yara International ASA
  • Jungbunzlauer Suisse AG
  • Compass Minerals International Inc
  • Corbion N.V

 

 

 

1. TABLE OF CONTENTS 2

List of Tables      8

List of Figures    11

 

2. EXECUTIVE SUMMARY             15

Summary             15

Mineral Ingredients Industry Outlook, 2018 – 2028           16

Abbreviations    17

 

3. INTRODUCTION TO MINERAL INGREDIENTS MARKET 18

Market Segments - Types, Applications, and Regions      18

Research Methodology 19

 

4. MACRO FACTORS SHAPING THE MARKET OUTLOOK   20

Economic Factors             20

Demographic Factors     21

 

5. OVERVIEW OF THE MINERAL INGREDIENTS MARKET  22

Mineral Ingredients Industry Panorama, 2022     22

Mineral Ingredients Companies Profiled in the Report    24

Mineral Ingredients Market Dynamics    25

Mineral Ingredients Market Challenges 30

Regional Analysis             32

 

6. TRENDS IN MINERAL INGREDIENTS MARKET TYPES     33

Largest Types    33

Mineral Ingredients- Macronutrients Market Size Outlook           34

Mineral Ingredients- Micronutrients Market Size Outlook             35

 

7. TRENDS IN MINERAL INGREDIENTS APPLICATIONS      36

Mineral Ingredients Demand in Bakery and Confectionery           38

Mineral Ingredients Demand in Beverages           40

Mineral Ingredients Demand in Dairy Products   40

Mineral Ingredients Demand in Food Supplements          41

Mineral Ingredients Demand in Functional Food                41

Mineral Ingredients Demand in Infant Formula  42

Mineral Ingredients Demand in Sports Food        42

Mineral Ingredients Demand in Cosmetics & Personal Care          43

Mineral Ingredients Demand in Pharmaceuticals               43

Mineral Ingredients Demand in Others  44

 

8. LEADING FORMS OF MINERAL INGREDIENTS  45

Powder

Liquid

Others

 

9. GLOBAL MINERAL INGREDIENTS MARKET OUTLOOK ACROSS COVID-19 RECOVERY SCENARIOS              46

Low Growth Scenario     47

Reference Case Scenario              47

High Growth Case Scenario         48

 

10. NORTH AMERICA MINERAL INGREDIENTS MARKET ANALYSIS AND OUTLOOK              49

Introduction       49

North America Mineral Ingredients Market Size Outlook               50

North America Regulatory Framework   50

North America Mineral Ingredients Market Trends and Opportunities    52

Macronutrients dominate the North American Market  52

Bakery and Confectionary is the leading consumer of Mineral Ingredients in North America         53

Powder Form is the most marketed type              55

The US dominates the North American Mineral Ingredients Market         56

 

Market Outlook by Country        57

United States Mineral Ingredients Market Size Outlook 57

Canada Mineral Ingredients Market Size Outlook              59

Mexico Mineral Ingredients Market Size Outlook              61

 

11. EUROPE MINERAL INGREDIENTS MARKET ANALYSIS AND OUTLOOK 63

Introduction       63

Europe Mineral Ingredients Market Size Outlook              64

Europe Regulatory Framework  64

Europe Mineral Ingredients Market Trends and Opportunities   68

Macronutrients dominate the European Market               68

Bakery and Confectionary is the leading consumer of Mineral Ingredients in Europe        69

Powder Form is the most marketed type              71

Germany dominates the European Mineral Ingredients Market 72

 

Market Outlook by Country        73

Germany Mineral Ingredients Market Size Outlook          73

United Kingdom Mineral Ingredients Market Size Outlook            75

France Mineral Ingredients Market Size Outlook               77

Spain Mineral Ingredients Market Size Outlook  79

Italy Mineral Ingredients Market Size Outlook    81

Russia Mineral Ingredients Market Size Outlook                83

Other Europe Mineral Ingredients Market Size Outlook 84

 

12. ASIA PACIFIC MINERAL INGREDIENTS MARKET ANALYSIS AND OUTLOOK       85

Introduction       85

Asia Pacific Mineral Ingredients Market Size Outlook       86

Asia Pacific Regulatory Framework           86

Asia Pacific Mineral Ingredients Market Trends and Opportunities            89

Macronutrients dominate the Asia Pacific Market             89

Bakery and Confectionary is the leading consumer of Mineral Ingredients in the Asia Pacific         90

Powder Form is the most marketed type              92

China dominates the Asia Pacific Mineral Ingredients Market      93

Market Outlook by Country        94

 

China Mineral Ingredients Market Size Outlook 94

India Mineral Ingredients Market Size Outlook   96

Japan Mineral Ingredients Market Size Outlook 97

South Korea Mineral Ingredients Market Size Outlook    99

Indonesia Mineral Ingredients Market Size Outlook         101

Malaysia Mineral Ingredients Market Size Outlook           102

Other Asia Pacific Mineral Ingredients Market Size Outlook          103

 

13. LATIN AMERICA MINERAL INGREDIENTS MARKET ANALYSIS AND OUTLOOK 104

Introduction       104

Latin America Mineral Ingredients Market Size Outlook 105

Latin America Regulatory Framework     105

Latin America Market Trends and Opportunities                107

Macronutrients dominate the Latin American Market     107

Bakery and Confectionary is the Leading Consumer of Mineral Ingredients in Latin America          108

Powder Form is the most marketed type              110

Brazil dominates the Latin America Mineral Ingredients Market 111

 

Market Outlook by Country        112

Brazil Mineral Ingredients Market Size Outlook  112

Argentina Mineral Ingredients Market Size Outlook         113

Rest of Latin America Mineral Ingredients Market Size Outlook  114

 

14. MIDDLE EAST AND AFRICA MINERAL INGREDIENTS MARKET ANALYSIS AND OUTLOOK            115

Introduction       115

Middle East and Africa Mineral Ingredients Market Size Outlook                116

Middle East and Africa Regulatory Framework    116

Middle East and Africa Mineral Ingredients Market Trends and Opportunities     118

Macronutrients dominate the Middle East and Africa Market      118

Bakery and Confectionary is the leading consumer of Mineral Ingredients in the Middle East and Africa  119

Powder Form is the most marketed type              121

Middle East dominates the MEA Mineral Ingredients slices Market          122

 

Market Outlook by Country        123

Middle East Mineral Ingredients Market Size Outlook     123

Africa Mineral Ingredients Market Size Outlook 125

 

15. VALUE CHAIN ANALYSIS        127

 

16. MARKET LIFE CYCLE 128

 

17. COMPETITIVE LANDSCAPE    130

Best Practices for Companies     130

Global Market Share by Company           132

Koninklijke DSM N.V.     133

Arla Foods Amba              149

Akzonobel N.V. 157

Balchem Corporation     171

Minerals Technologies, Inc.         185

Gadot Biochemical Industries Ltd.            195

Yara International ASA   199

Jungbunzlauer Suisse AG             209

Compass Minerals International Inc.       215

Corbion N.V.      227

 

18. APPENDIX    237

About USD Analytics       237

Sources and Research Methodology       237

Copyright            238

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