It is stated by an expert at a market research institution, P&S Intelligence, the total revenue generated by the mineral supplements market will reach USD 21 billion by 2030, powering at a rate of 5.3% in the years to come.
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This has a lot to do with the increasing acceptance of these products for reducing the probability of a number of chronic diseases, such as osteoporosis, anemia, and cancer.
Calcium had the largest share of revenue, of over 26%, in the recent past. This is due to the increasing cases of osteoporosis globally, mostly in the elderly population and women.
Furthermore, the introduction of innovative calcium-based tablets by pharma companies is resulting in enhanced demand for them globally.
Potassium will have the fastest growth in the years to come, because of the growing consciousness concerning the benefits of this nutrient, like the formation of a fluid balance in the body, smooth muscle tightening, and continuous transmission of nerve impulses.
Tablets dominated the mineral supplements market, on the basis of their formulation. This is because tablets are a perfect form of dosage, lucrative, easily obtainable, and have an extended shelf life.
APAC had the largest share of above 50%, mostly credited to the growing occurrence of chronic diseases and the presence of numerous stalwarts. Also, the advent of contract manufacturing firms in the Philippines, India, and China, will offer substantial predictions for the advancement of the region.
Furthermore, the speedily increasing disposable income and strengthening emphasis on adopting a healthy lifestyle are leading to a surge in the industry.
In addition, the mounting count of fitness centers, health clubs, and gyms, accompanied by the surging consciousness about fitness amongst youngsters will power the demand for these products.
It is because of the growing implementation of preventive healthcare practices all over the world, the demand for mineral supplements will grow even more in the years to come.
