The global mineral supplement tablets market is growing at a significant CAGR of around 6.5% during the forecast period (2020-2026). Mineral supplements are chemical elements which are significantly required for the proper functioning of the body. The deficiency of minerals can lead to goiter, osteoporosis, and heart disorders, among others. The fast-moving lifestyle and increasing consumption of unhealthy diet has certainly leads to the increase in demand for mineral supplement tablets in the recent years. Some other pivotal factors driving the global mineral supplement tablets market are the lack of physical activity and increasing trend for vegan consumption. According to the Centers for Disease Control and Prevention (CDC), only 1 in 4 adults in the US and 1 in 5 high school students in the US get the recommended levels of physical activity. This, in turn, increases the supplements rate, and multivitamins and minerals are among the major supplements recommended to the people by physicians across the globe.
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Moreover, there are several other factors that are influencing the market growth, such as the growing awareness regarding health management coupled with increasing lifestyle related diseases such as obesity, cardiovascular diseases (CVD) across the globe. To avoid physiological effects, the doctors recommend necessary minerals to ensure proper health. In addition, the federal government’s 2015-2020, Dietary Guidelines for Americans notes that nutritional needs should be met primarily from functional food. The functional foods in nutrient-dense forms contain essential vitamins and minerals and dietary fiber and other naturally occurring substances that may have positive health effects.
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The mineral supplement tablets market is classified on the basis of type of minerals, which includes calcium, magnesium, iron, potassium, and others. Calcium is one of the major supplements used across the globe, owing to the rising geriatric population and high prevalence of osteoporosis. One of the major causes of osteoporosis is the lack of calcium in the body; therefore, the calcium supplement tablets are usually recommended. Moreover, the increase in prevalence of cancer and other chronic diseases is further augmenting the growth of the mineral supplement tablets market across the globe.
The global mineral supplement tablets market is classified on the basis of geography, which includes North America, Europe, Asia-Pacific, and Rest of the World. North America holds a significant share in the global mineral supplement tablets market. The US plays the critical role in geographic contribution of North America in global mineral supplement tablets market, attributing to the high awareness among the population regarding the health benefits of minerals. According to the Council for Responsible Nutrition (CRN) survey, in 2019, 79% of the US female adults take dietary supplements to account for more than 1.3 billion US female adults.
Global Mineral Supplement Tablets Market Segmentation
Global Mineral Supplement Tablets Market by Type
• Calcium
• Magnesium
• Iron
• Potassium
• Others (Zinc and Chromium)
Global Mineral Supplement Tablets Market – Segment by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
Company Profiles
• Abbott Laboratories
• Amway Corp.
• BASF SE
• Bayer AG
• Carlyle Nutritionals LLC
• Deva Nutrition LLC
• Glanbia plc
• GlaxoSmithKline PLC
• Herbalife International, Inc.
• Klean Athletes
• Koninklijke DSM N.V.
• Laboratoires ARKOPHARMA
• Nature Made (Pharmavite LLC)
• Now Health Group Inc.
• Otsuka Pharmaceuticals Co., Ltd.
• Pfizer Inc.
• Pure Encapsulations, Inc.
• The Nature's Bounty Co.
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