What is Mineral Ingredients?
Mineral Ingredients are essential elements present in food and in the nature that are required for the good functioning of the body, as well as growth of the body. There are two essential type of minerals that is macro minerals and the other being the trace minerals. The body requires large amounts of macro minerals and very small amount of trace minerals, although they too are as essential as macro minerals for growth and good functioning of the human body as well as domesticated animals. The growth in food and beverages industry especially with increasing demand for high mineral content meal has led to growth of the mineral ingredients. Functional Food segment is rapidly rising in popularity. Asia Pacific is one of the biggest market of Mineral Ingredients because of large population in the region.
The market study is broken down by Type (Macro Minerals and Trace Minerals), by Application (Dairy Products, Infant Formula, Bakery and Confectionery, Functional Food, Beverages and Others) and major geographies with country level break-up.
Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill Inc. (United States), Corbion N.V. (Netherlands), DuPont (United States), Gadot Biochemical Industries Ltd. (Israel), Akzo Nobel N.V. (Netherlands), Minerals Technologies Inc. (United States), Jungbunzlauer Suisse AG (Switzerland), Albion Laboratories Inc. (United States), Compass Minerals International Inc. (United States) and Dr. Paul Lohmann GmbH & Co. KGaA (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Caravan Ingredients Inc. (United States), Arla Foods Amba (Denmark) and SEPPIC (France).
AdvanceMarketAnalytics has segmented the market of Global Mineral Ingredients market by Type, Application and Region.
On the basis of geography, the market of Mineral Ingredients 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). If we see Market by Form, the sub-segment i.e. Powder will boost the Mineral Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Mineral Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2019, Corbion N.V., a Dutch food and biochemicals company has announced acquisition of Brazilian functional blends manufacturer Granotec. The acquisition deal is said to be worth around USD 45 million. This acquisition will significantly improve the capabilities of Corbion in food ingredients segment specifically in Latin America.
In 2020, Cargill Inc., a US based multinational food corporation has announced acquisition of few stakes in Glucovil Argentina which is a leading corn milling company in Argentina. Cargil Inc. has acquired the remaining 30% shares in Glucovil Argentina which were hold by Ledesma for an amount of USD 34.3 million. With the completion of the deal, Cargill becomes the sole owner of the Glucovil Argentina.
- Macro Nutrients are rising in Popularity
- Increasing Demand for High Minerals based Meal
- Growth of Food and Beverages Industry
- Rising Government Regulations on Required Mineral Content
- Functional Foods are Steadily Rising in Popularity around the World
- Presence of Counterfeit or Adulterated Products in Market
- Unawareness about the Side Effects Associated with Over Consumption
Key Target AudienceMineral Ingredients Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Cargill Inc. (United States), Corbion N.V. (Netherlands), DuPont (United States), Gadot Biochemical Industries Ltd. (Israel), Akzo Nobel N.V. (Netherlands), Minerals Technologies Inc. (United States), Jungbunzlauer Suisse AG (Switzerland), Albion Laboratories Inc. (United States), Compass Minerals International Inc. (United States) and Dr. Paul Lohmann GmbH & Co. KGaA (Germany) etc.
2. Can we have customized study for Mineral Ingredients Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Mineral Ingredients Market by 2026?
Analysts at AMA estimates Mineral Ingredients Market to reach USD Million by 2026.