What is Food Minerals Market Scope?
Minerals play a major role in primarily preventing heart ailments and cancer in people along with annihilating nutritional deficiency as well as chronic diseases. Minerals are the vital nutrients that are required by the body in small proportion for a healthy body responsible for functional activities. Minerals usually obtained from the diet consumed by the body such as grain products, fruits, vegetables, milk, and other healthy food items. Escalating demand for natural food-based minerals in nutraceuticals and pharmaceuticals will steer the growth of the food minerals industry over the forecasting years. Swift urbanization and growing health awareness among the consumers will promote the use of natural items in the countries like the U.S., China, Germany, India, and the UK, thereby driving the market trends
The Food Minerals market study is being classified by Type (Zinc [Zinc Acetate, Zinc Oxide, Zinc Chloride, Zinc Citrate, Zinc Sulfate], Magnesium [Magnesium Sulfate, Magnesium Citrate, Magnesium Chloride, Magnesium Oxide], Calcium [Calcium Carbonate, Calcium Phosphate, Calcium Citrate, Calcium Chloride] and Iron [Ferrous Sulphate, Ferrous Gluconate, Ferrous Fumarate, Ferrous Lactate]), by Application (Beverages, Dairy, Sweets, Savory and Others) and major geographies with country level break-up.
The global food minerals market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Research Analyst at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Food Minerals market throughout the predicted period.
Sigma Minerals Ltd. (India), Archer Daniels Midland Company (United States), Cargill, Incorporated.(United States), Dangote Industries Limited (Nigeria), Eisai Co., Ltd. (Japan), Avion Pharmaceuticals, LLC (United States), Omya AG (Switzerland), CalciTech Europe Limited (United Kingdom), Waitaki Bio (New Zealand) and ABF Ingredients (United Kingdom) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are AlgaeCalInc (Canada), CK Ingredients (Canada), SPI Pharma (United States), AB Enzymes (Germany), ABITEC (United States) and K+S AKTIENGESELLSCHAFT (Germany).
Analyst at AMA have segmented the market study of Global Food Minerals market by Type, Application and Region.
On the basis of geography, the market of Food Minerals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Influencers and their development strategies
In July 2019, K+S Group Company (Germany) announced the expansion of their manufacturing facility to enhance the production of magnesium sulfate anhydrous. The enhancement in the production facility establishes a greater position in the market of minerals production
In September 2018, Micronutrients USA in partner with Kemin Industries (U.S.) launched IntelliBond VITAL 5 Cr nutritional package with six essential trace minerals usable for the dairy and cattle feed. This will result in the increased product portfolio, profit margin, and revenue generation of a company
Influencing Market Trend
- Growth in the dietary supplement industry
- Stringent regulatory standards related to product quality
- Rising demand for nutritional ingredients in sweets, beverages, and food
- Increasing inclination towards mineral supplements
- Rising prevalence of diseases
- Growing health & wellness concerns with hectic lifestyles
- Growing consumer expenditure on supermarkets
- Increasing quality concerns and stringent regulations in the manufacturing of food products
- Increase in cost of mineral extraction process research and clinal trials
- Stringent regulatory standards related to the product quality
Key Target AudienceGovernment Regulatory Bodies, Private Research Organization, Government Research Organizations and Others
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