Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 13.1 Billion | USD 14.8 Billion | 2.10% | 2021 |
FrequentlyAsked Questions
The global market for mineral supplements is being pushed by urbanization, a rise in the number of elderly people, and a rise in the popularity of preventative healthcare. The market for mineral supplements is being driven by a number of important factors, including the growing elderly population, increased knowledge of preventative healthcare, and an increase in the prevalence of diseases like cancer and diabetes, among others. The market is expected to grow in acceptance of mineral supplements to manage chronic ailments as a result of the high prevalence of chronic diseases such as cancer, osteoporosis, anemia, and osteoporosis among the population.
According to the report, the global Mineral Supplements market size was worth about 13.1 (USD billion) in 2021 and is predicted to grow to around 14.8 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 2.10%.
North America is expected to dominate the Mineral Supplements Market in 2021, ascribed to consumers spending more on healthcare and wellness due to rising disposable income and increased knowledge of healthcare needs. In addition, the U.S.'s rising mineral supplement consumption is predicted to fuel the expansion of the North American market.
Some of the main competitors dominating the Global Mineral Supplements market include - Glanbia Plc., Nu Skin Enterprises, Inc., E. I. du Pont de Nemours and Company, NBTY, Inc., Koninklijke DSM N.V., Amway and Herbalife, Ltd., BASF SE, Bayer AG, Atrium Innovations Inc. and Other.
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