Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2 Billion | USD 7 Billion | 16.8% | 2022 |
FrequentlyAsked Questions
Food minerals play a major role in primarily preventing heart ailments and cancer in people along with annihilating nutritional deficiency as well as chronic diseases.
The global food minerals market growth over forecast period can be owing to surge in the logistics analytics and up gradation of distribution channels such as pharmacies, health stores, supermarkets, and web portals.
According to a study, the global food minerals industry size was $2 billion in 2022 and is projected to reach $7 billion by the end of 2030.
The global food minerals market is anticipated to record a CAGR of nearly Lactate 16.8% from 2023 to 2030.
The Asia-Pacific food minerals industry is set to register the fastest CAGR over the forecasting timeline is owing to presence of key players in the countries such as Australia, India, New Zealand and China. An increase in acceptance of health supplements along with a surge in the healthcare awareness in emerging economies will drive the growth of the industry in APAC. In addition to this, rise in the demand for personal care products in the countries such as India and China will proliferate the size of the regional industry growth.
The global food minerals market is led by players such as Balchem Corporation, SPI Pharma, Inc., Cargill, Incorporated, Adani Pharmachem Private Limited, ABF Ingredients Limited, Waitaki Bio, Archer-Daniels-Midland Company, Sigma Minerals Limited, Calspar India, and CalciTech Europe Limited.
The global food minerals market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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