The global Mineral Enrichment Ingredients market is expected to reach a market valuation of USD 1,503.4 Million by the year 2023, accelerating with a CAGR 3.8% by 2023 to 2033. Mineral Enrichment Ingredients sales are likely to account for a part of the demand in the global fortified food market, valued at approximate USD 2,183.0 Million in 2033.
With growing health consciousness, the demand for fortified foods is on the rise. The fortified foods are value-added products, which consists of vitamins, minerals and other additives.In principle, enrichment means restoring the level of vitamins and minerals in a food to those approximating the levels found in the unprocessed material. Fortification, by contrast, means increasing the amount of micronutrients to a level greater than that found in the unprocessed food.
Increase in demand for fortified foods is driver for the Mineral Enrichment Ingredients market. To meet the latent demand, numerous food and beverage businesses have released a variety of very unique and intriguing goods. In fact, the mineral fortification of soft drinks in all developed economies is having a negative impact on the supplement industry, which was traditionally the main source of dietary mineral enrichment.
| Attributes | Details |
|---|---|
| Mineral Enrichment Ingredients Market Size (2023E) | USD 1,503.4 Million |
| Mineral Enrichment Ingredients Market Projected Size (2033F) | USD 2,183.0 Million |
| Value CAGR (2023 to 2033) | 3.8 % |
Future Market Insights projects the market to remain lucrative, exhibiting growth at 3.8% CAGR between 2023 and 2033 in comparison to the CAGR of 3.2% posted between 2018 and 2022.
The four most common metal ions are zinc, iron (also an element), calcium, and magnesium. Due to its connection to osteoporosis, calcium is of special relevance among them and has garnered strong backing from international medical communities. A cereal grain fortified with vitamins and minerals is acceptable but a fortified jellybean is not.
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Mineral Enrichment Ingredients sales grew at a CAGR of 3.2% between 2018 and 2022. The period marked the entry of various market players and product innovations.
The Mineral Enrichment Ingredients market has become more commanding over the time as cases of osteoporosis, anaemia, etc. have witnessed a notable increase and efforts are being made to assuage these disorders through dietary intake. These health concerns have led to a rise in production of food modifying ingredients, which has fuelled the growth of the mineral enrichment ingredients market.
The mineral enrichment substances have long been a staple of the diet in Europe, and more recently, there has been a significant increase in demand in places like North America, Japan, and Asia Pacific.
To meet this consumer demand, food and beverage makers have also been concentrating on growing the range of their products that contain ingredients that enhance minerals. Due to the expansion of the functional food sector, the market share for mineral enrichment additives has decreased in the dietary supplement vertical where minerals were previously heavily utilised.
This growth principally highlights the massive demand for mineral enrichment ingredients market in the food sector.
The rapidly expanding food sector is anticipated to fuel the market expansion for Mineral Enrichment Ingredients, together with increased public awareness of the Mineral Enrichment Ingredient's health advantages. Insomnia, fatigue, weakness, osteoporosis, anaemia, melancholy, and goitre are just a few of the rising symptoms of Mineral Enrichment Ingredients insufficiency that are fueling the market's expansion for these substances. The market expansion for the Mineral Enrichment Ingredients is also anticipated to be accelerated by an increase in the number of health-conscious customers around the world as a result of expanding health wellness consciousness.
It is projected that rising demand for nutritional supplements, particularly among the elderly population, will drive demand for the Mineral Enrichment Ingredients.Thus, Future Market Insights predicts a substantial growth of Mineral Enrichment Ingredients Market in the given forecast period.
Principal Consultant
| Regions | North America |
|---|---|
| Countries | United States |
| Value CAGR in % (2023) | 7.3% |
| Value Share in Market (2023) | 31.7% |
| Regions | Europe |
|---|---|
| Countries | Germany |
| Value CAGR in % (2023) | 8% |
| Value Share in Market (2023) | 28.4% |
| Regions | Europe |
|---|---|
| Countries | United Kingdom |
| Value CAGR in % (2023) | 4.8% |
| Value Share in Market (2023) | 19.5% |
| Regions | Asia Pacific |
|---|---|
| Countries | India |
| Value CAGR in % (2023) | 3.8% |
| Value Share in Market (2023) | 11.6% |
| Regions | Asia Pacific |
|---|---|
| Countries | Japan |
| Value CAGR in % (2023) | 5.2% |
| Value Share in Market (2023) | 6.7% |
European countries are dominant players in the mineral enrichment ingredients market, owing to their well-established food and beverage industry, high disposable incomes, and increasing demand for healthy and fortified foods. The region has a large number of mineral ingredient manufacturers who are continually innovating and introducing new products to meet consumer demand.
The growth in the European mineral enrichment ingredients market is driven by several factors, including the increasing prevalence of chronic diseases, rising awareness about the importance of a healthy diet, and the growing demand for fortified foods and dietary supplements. The aging population in Europe is also a key factor, as older adults often have specific nutrient requirements that can be met through fortified foods.
Furthermore, the European Union has established strict regulations for food and dietary supplement labelling and claims, which has led to a higher demand for quality mineral ingredients. This has created opportunities for manufacturers to develop and market high-quality products that meet these regulatory requirements.
The mineral enrichment ingredients market in India is expected to grow significantly in the coming years, driven by a growing population, rising disposable incomes, and increasing awareness about health and wellness.
The growth in the market is primarily driven by the increasing demand for fortified foods and dietary supplements. The Indian population has a high prevalence of malnutrition, and there is a growing awareness about the importance of a balanced and nutrient-rich diet. The government of India has also taken several initiatives to promote the consumption of fortified foods, which has further boosted the demand for mineral enrichment ingredients.
In addition, the rise of the e-commerce industry in India has made it easier for consumers to access a wide range of dietary supplements and fortified foods. This has created a favorable environment for mineral ingredient manufacturers to introduce new products and expand their market reach.
The mineral enrichment ingredients market in the USA is expected to continue growing over the next decade, as there is an increasing demand for fortified foods and dietary supplements. Consumers are becoming more health-conscious and are looking for ways to supplement their diets with essential minerals like calcium, iron, magnesium, and zinc.
Furthermore, there is a growing trend towards plant-based diets, and many plant-based foods are naturally low in certain minerals. This has created an opportunity for mineral ingredient manufacturers to develop products that can be added to plant-based foods to increase their nutrient content.
In addition, technological advancements in the field of food science and processing have made it possible to incorporate minerals into a wide range of foods without compromising taste or texture. This has expanded the market for mineral enrichment ingredients beyond traditional fortified foods like breakfast cereals and infant formula.
Overall, the mineral enrichment ingredients market in the USA is likely to experience continued growth over the next decade, driven by increasing consumer demand for healthy and nutrient-rich foods.
Mineral Salt Ingredients Market:
| Attributes | Mineral Salt Ingredients Market |
|---|---|
| CAGR (2023 to 2033) | 5% |
| Market Value (2033) | US$ 15+ Billion |
| Growth Factor | Rising cases of minerals salt deficiency such as insomnia, fatigue, weakness, osteoporosis, anemia, depression, and goiter are contributing to market growth of the mineral salt ingredients. |
| Opportunity | Growing demand for dietary supplements especially among the geriatric population is anticipated to accelerate the demand for the mineral salt ingredient. |
| Key Trends | Various manufacturers are focusing on offering products with better solubility, reactivity, flavors, and colours in salts. This is expected to accelerate market growth. |
Mineral Premix Market:
| Attributes | Mineral Premix Market |
|---|---|
| CAGR (2023 to 2033) | 6% |
| Market Value (2033) | US$ 82 Billion |
| Growth Factor | The development of the modern lifestyle and technology has surged the demand for the essential oil market. |
| Opportunity | With the growing economies and the considerable rise in the disposable income, there has been a significant increase in the demand for beauty products. Rising demand for the natural and herbal ingredients has created a potential opportunity for the Abyssinian oil market. |
| Key Trends | Over the years the cosmetics industry has witnessed a significant growth wherein the demand for anti-aging products is very high. Abyssinian oil has proven to be useful for aiding aging signs. |
Carbonate Minerals Market:
| Attributes | Carbonate Minerals Market |
|---|---|
| CAGR (2023 to 2033) | 5.8% |
| Market Value (2033) | US$ 1,040.8 Million |
| Growth Factor | Arborvitae oil has a wide range of uses; it enables in preventing the wood from rotting, for aromatherapy massage, as an insect repellant, and it also has diverse applications in healthcare. |
| Opportunity | As an essential oil, arborvitae oil finds its end use in cosmetics, food and beverage industry, personal care, pharmaceuticals, aromatherapy and industrial sectors. |
| Key Trends | The market is expected to witness a substantial development due to the increasing medical applications with growing interest in people and alertness regarding health aids related with essential oils and natural ingredients. |
The modern trend of unification of exotic botanical oils with synthetic ingredients to form genuinely modern ground-breaking products is stimulating the growth of the Mineral Enrichment Ingredients market. The benefits of uniting the botanic oils into products are that they are often gained via rational trade practices and provide a vital economic boost to the native economies from which they are collected and processed.
Principal Consultant
The global Mineral Enrichment Ingredients has progressed on the outline of new product innovations and will continue to grow the same way during the period of forecast. Producers could emphasis on producing innovative products while complying with guidelines and regulations for food grade material usage.
For instance, the recently launched brand Uwanawa Skincare Oils has entered the Mineral Enrichment Ingredients market, launched three new Mineral Enrichment Ingredients products. This is attributed to the increasing applications of Mineral Enrichment Ingredients across the pharmaceutical industry.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, India, India, Thailand, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
| Key Segments Covered | Type, Form, Application, Region |
| Key Companies Profiled | Clover Hill Food Ingredients Ltd; Cargill, Incorporated; ADM WILD Europe GmbH & Co.KG; Nestlé; Wilmar International Limited; PURATOS; Shellz Overseas Pvt. Ltd.; INFORUM Group; Buhler AG; Barry Callebaut; Unigrà S.r.l.; Blommer Chocolate Company; CEMOI; HERZA Schokolade GmbH & Co. KG. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
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Throughout the forecast period, the Mineral Enrichment Ingredients Market is expected to grow at a CAGR of 3.8%
By 2033, the Mineral Enrichment Ingredients Market is expected to be worth USD 2183 Million.
Cases of osteoporosis, anemia, etc. have witnessed a notable increase and efforts are being made to assuage these disorders through dietary intake. These health concerns have led to a rise in production of food modifying ingredients, which has fuelled the growth of the mineral enrichment ingredients market.
Currently, the United States is at the top of the market share of Mineral Enrichment Ingredients.
Some of the key players in the Mineral Enrichment Ingredients Market are Essentially Natural, AfriNatural, DLG Naturals, PARAS PERFUMERS, Shubh Flavour and Fragrances Pvt. Ltd., Sheabutter Cottage, Bay House Ingredients, Kupanda, Elewa, Kaza Natural Oils, SPEARSON LTD, Swazi Indigenous Products, Tangi Manufacturing and Consulting Services, Uwanawa Skincare Oils, CurlClinicLondon, Elemental Herbology, Indena among others.
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Mineral Enrichment Ingredients Market
