Vitamins & Minerals Market Size was projected to arrive at a worth of USD10.17 billion in 2022 estimating a CAGR of 6.9% and will reach USD 29.45 billion by 2030.
The Asia-Pacific area is the biggest territorial market and the U.S. is the second biggest market for nutrients.
The nutrients and mineral enhancements market comprises deals of nutrients and mineral enhancements that work on the wellbeing and health of the population. The deals contain income produced by the foundations fabricating nutrients and minerals.
Nutrients and mineral enhancements are accessible without a remedy and come in tablets, powders, or fluids and give adequate fundamental supplements and minerals that safeguard or lift a singular's wellbeing.
The primary kinds of nutrients and mineral enhancements are multivitamins, single nutrient, multi-mineral, and single mineral. A multivitamin is a dietary enhancement that contains all or the majority of the nutrients that the body doesn't deliver.
The general nutrients market is scheduled for consistent development, driven by an uplifting perspective in end-client areas. Rising shopper mindfulness and an expansion in buying power because of financial advancements have fueled the development of deals of nutrients in the Asia-Pacific district.
Driving Factors / Restraining factor:
The developing utilization of dietary enhancements in the advanced way of life.
Opportunities:
Buyer inclination moving towards natural enhancements is a critical pattern in the nutrients and mineral enhancement market.
Challenges:
The disturbances in supply chains for the development of enhancements.
There was a proposed change towards veggie darling and regular food in 2020, and this example will in practically no time become a way of life for some individuals as COVID-19 is overwhelming the world. As many individuals universally accept that the COVID emergency is related to the utilization of creature meat, individuals will turn out to be more careful of the food they devour and this can bring about a huge ascent in the interest for natural and veggie lover food items. Numerous little and medium endeavors have begun to advance plant-based merchandise and diets in the item space. The Covid pandemic is speeding up the pattern for natural food supplements.
Needs given the shortfall of micronutrient confirmation are becoming focal issues among customers all over the planet. Multivitamin supplements are generally consumed as they reduce deficiencies in micronutrient consumption. These enhancements are made out of a few micronutrients like nutrients A, C, E, and D to lessen the gamble of unhealthiness among customers. As indicated by the World Health Organization (WHO), in 2018, multiple billion people were encountering micronutrient deficiencies, therefore pushing their tendencies toward multivitamin supplements around the world.
Higher Drug Absorption Nature of Capsules to Advance its Penetration
With regards to the oral drug, the case performs acceptably in the nutrients and enhancements industry because of its properties of absorbability and dissolvability in the stomach plot. Cases will commonly isolate immediately stood out from tablets and are one of the fundamental contemplations to help its arrangements. Tablets are the second-biggest portion by structure and contain added substances that keep elements of pills intact and offer taste and surface to purchasers. Consequently, it is consumed by the body more leisurely than in cases.
General stores/Hypermarkets Segment to Gain Enormous Popularity Due to their Convenience Nature
The general stores/hypermarkets fragment is acquiring enormous prominence overall inferable from its item contributions at limited costs under a solitary rooftop. Separate item retires in this retail offer a simple shopping experience to buyers which has brought about the expanded footfalls. The quick rise of a few present-day exchanges and mass merchandisers creating markets, for example, India and China empower the higher deals of enhancements and nutrients around the world. Besides, specialty stores are additionally performing acceptably in the worldwide commercial center. The accessibility of various results of different brands and cost ranges offer shoppers the opportunity of choice, in this manner drawing their consideration towards these stores.
By Type:
By Application:
By Distribution Channel:
By End-User:
By Form:
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North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
North America was the biggest district in the nutrients and minerals supplements market in 2021. The Middle East is supposed to be the largest developing district in the figure time frame. The districts canvassed in the nutrient and minerals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The nations shrouded in the nutrients and minerals supplements market report are Australia, Japan, Russia, Brazil, China, France, the UK, USA, Germany, India, Indonesia & South Korea.
Major key companies in Vitamins & Minerals Market are AMWAY, Eisai, Sanofi, GNC, CSPC Pharmaceutical Group, DSM, Otsuka Holdings Co. Ltd, Puritan's Pride, Pharmavite, Jamieson.
Eisai-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 10.17 Billion |
| Market Size by 2030 | US$ 29.45 Billion |
| CAGR | CAGR 14.21% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Type (Vitamin A, Vitamin B, Vitamin C, Vitamin D, Multivitamins, Calcium, Iron, Magnesium, Zinc) • by Application (Food & Beverage, Supplements, Pharmaceuticals, Animal Feed, Others) • by Distribution Channel (Pharmacies and Drug Stores, Supermarkets and Hypermarkets, Online Channels) • by End-User (Adults, Geriatric, Pregnant Women, Children, Infants), by Form (Capsule, Tablet, Powder, Liquid/Gel) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | AMWAY, Eisai, Sanofi, GNC, CSPC Pharmaceutical Group, DSM, Otsuka Holdings Co. Ltd, Puritan's Pride, Pharmavite, Jamieson. |
| Key Drivers | •The developing utilization of dietary enhancements in the advanced way of life. |
| Opportunities | •Buyer inclination moving towards natural enhancements is a critical pattern in the nutrients and mineral enhancement market. |
Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.
Ans: AMWAY, Eisai, Sanofi, GNC, CSPC Pharmaceutical Group, DSM, Otsuka Holdings Co. Ltd, Puritan's Pride, Pharmavite, Jamieson are the key players in the Vitamins & Minerals market.
Ans: The multivitamin fragment is supposed to lead this market in the given gauging period.
Ans: The developing utilization of dietary enhancements in the advanced way of life and the disturbances in supply chains for the development of enhancements are the elements driving and resulting in opportunities for the Vitamins & Minerals market.
Ans: The worldwide nutrients and minerals market is estimating a CAGR of 6.9% and will reach $14.21 billion by 2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Vitamin and Mineral Supplement Market Segmentation, based on Type
8.1 Vitamin A
8.2 Vitamin B
8.3 Vitamin C
8.4 Vitamin E
8.5 Calcium
8.6 Iron
8.7 Magnesium
8.8 Zinc
9. Vitamin and Mineral Supplement Market Segmentation, based on Application
9.1 Food & Beverage
9.2 Supplements
9.3 Pharmaceuticals
9.4 Animal Feed
10. Vitamin and Mineral Supplement Market Segmentation, based on Distribution Channel
10.1 Pharmacies and Drug Stores
10.2 Supermarkets and Hypermarkets
10.3 Online Channels
11. Vitamin and Mineral Supplement Market Segmentation, based on End-User
11.1 Adults
11.2 Geriatric
11.3 Pregnant Women
11.4 Children
11.5 Infants
12. Vitamin and Mineral Supplement Market Segmentation, based on Form
12.1 Capsule
12.2 Tablet
12.3 Powder
12.4 Liquid/Gel
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14. Company Profiles
14.1 AMWAY
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Eisai
14.3 Sanofi
14.4 GNC
14.5 CSPC Pharmaceutical Group
14.6 DSM
14.7 Otsuka Holdings Co. Ltd
14.8 Puritan's Pride
14.9 Pharmavite
14.10 Jamieson
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share analysis
15.3 Recent Developments
16. Conclusion
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