About Food Minerals
Minerals play a major role in primarily preventing heart ailments and cancer in people along with annihilating nutritional deficiency as well as chronic diseases. Minerals are the vital nutrients that are required by the body in small proportion for a healthy body responsible for functional activities. Minerals usually obtained from the diet consumed by the body such as grain products, fruits, vegetables, milk, and other healthy food items. Escalating demand for natural food-based minerals in nutraceuticals and pharmaceuticals will steer the growth of the food minerals industry over the forecasting years. Swift urbanization and growing health awareness among the consumers will promote the use of natural items in the countries like the U.S., China, Germany, India, and the UK, thereby driving the market trends
|High Growth Market
|Value (USD Million)
The global food minerals market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Food Minerals market throughout the forecasted period. 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.
Sigma Minerals Ltd. (India), Archer Daniels Midland Company (United States), Cargill, Incorporated.(United States), Dangote Industries Limited (Nigeria), Eisai Co., Ltd. (Japan), Avion Pharmaceuticals, LLC (United States), Omya AG (Switzerland), CalciTech Europe Limited (United Kingdom), Waitaki Bio (New Zealand) and ABF Ingredients (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are AlgaeCalInc (Canada), CK Ingredients (Canada), SPI Pharma (United States), AB Enzymes (Germany), ABITEC (United States) and K+S AKTIENGESELLSCHAFT (Germany).
AMA Research has segmented the market of Global Food Minerals market by Type (Zinc [Zinc Acetate, Zinc Oxide, Zinc Chloride, Zinc Citrate, Zinc Sulfate], Magnesium [Magnesium Sulfate, Magnesium Citrate, Magnesium Chloride, Magnesium Oxide], Calcium [Calcium Carbonate, Calcium Phosphate, Calcium Citrate, Calcium Chloride] and Iron [Ferrous Sulphate, Ferrous Gluconate, Ferrous Fumarate, Ferrous Lactate]), Application (Beverages, Dairy, Sweets, Savory and Others) and Region.
On the basis of geography, the market of Food Minerals 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Source, the sub-segment i.e. Marine will boost the Food Minerals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Growth in the dietary supplement industry, Stringent regulatory standards related to product quality and Rising demand for nutritional ingredients in sweets, beverages, and food
Market Growth Drivers:
Increasing inclination towards mineral supplements, Rising prevalence of diseases and Growing health & wellness concerns with hectic lifestyles
Stringent regulatory standards related to the product quality
Increase in cost of mineral extraction process research and clinal trials
Growing consumer expenditure on supermarkets and Increasing quality concerns and stringent regulations in the manufacturing of food products
Market Leaders and their expansionary development strategies
In July 2019, K+S Group Company (Germany) announced the expansion of their manufacturing facility to enhance the production of magnesium sulfate anhydrous. The enhancement in the production facility establishes a greater position in the market of minerals production
In September 2018, Micronutrients USA in partner with Kemin Industries (U.S.) launched IntelliBond VITAL 5 Cr nutritional package with six essential trace minerals usable for the dairy and cattle feed. This will result in the increased product portfolio, profit margin, and revenue generation of a company
Key Target AudienceGovernment Regulatory Bodies, Private Research Organization, Government Research Organizations and Others
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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.