Global Market Study on Mineral Supplements: Pharmaceutical to be the largest segment by 2020


  • Published On : Oct-2014 |
  • Pages : 69 Pages |
  • Format :

The global supplements market is growing at a steady rate, majorly due to increasing consumer awareness about preventive healthcare. Mineral supplements are consumed in different forms, such as capsules, pills, powder, gel caps, granules, tablets, and liquid. Mineral supplements such as calcium, phosphorus, chromium, magnesium, sulfur, iron, zinc, folic acid, silicon, copper, and cobalt help consumers of different age groups to stay healthy and free from nutrition deficiency diseases. Due to busy lifestyle, many working individuals are unable to follow a regular diet, leading to deficiency of nutrients, including minerals in the body. In order to address the need for nutrients and prevent mineral-deficiency diseases, individuals consume additional food supplements, including mineral supplements. With increasing awareness about daily nutritional requirements, more consumers are expected to start consuming mineral supplements in the coming years thus driving the mineral supplements market. Increasing age has adverse effects on the digestive organs, thus making it difficult in absorbing all the required nutrients from food. With growing age, people also tend to eat less due to loss of appetite. As a result, aging individuals do not get optimal amounts of minerals and other nutrients. Hence, they resort to additional supplements for proper nourishment. Among old age people, weakening of bones, poor eyesight, and poor digestive system are some of the common conditions. In order to remain fit and desired to live long, their dependency towards mineral supplements is growing. 

With developments in the field of e-commerce, mineral supplements are sold directly to end customers. Additionally, with the increasing number of direct sales outlets, manufacturing firms are able to sell mineral supplements products directly to their customers. Mineral supplements products are considered different from drugs and are regulated differently. Supplements are free from any legal procedures required for drug registration. The responsibility for ensuring the validity of mineral supplement products’ claims remains solely with manufacturers and no regulatory body intervenes for quality control of any sort. Improper labeling of mineral ingredients in supplement products may affect the consumer’s health adversely. Certain side effects of incorrect proportion of mineral ingredient in supplement products may even lead to death, resulting in negative publicity for the product and the mineral supplements market.

During pregnancy, women are recommended to consume 27 milligrams of iron per day compared to 18 milligrams by non-pregnant women. Undernourished women may be at a high risk of giving birth to low-weight infants. Additionally, increasing occurrences of various lifestyle diseases, such as chronic diseases, along with hectic lifestyle and the growing aging population are expected to boost the demand for mineral supplements in the global market. 

North America is the largest mineral supplements market, followed by Asia Pacific and Europe. During forecasted period (2014-2020), Asia Pacific is expected to emerge the fastest growing mineral supplements market, owing to its increasing aging population and sustainable increase in disposable income. 

Key points covered in the report

  • The report provides historic, present and forecasted market size, analysis, trend, share, and growth 
  • The report segments the global mineral supplements market on the basis of end user and application
  • The report covers geographic segmentation
    • North America
    • Europe
    • Asia Pacific
    • RoW
  • The report provides company profiles of some of the leading companies operating in the mineral supplements market
  • The report also provides porters five forces analysis of the global mineral supplements market

The global supplements market is growing at a steady rate, majorly due to increasing consumer awareness about preventive healthcare. Mineral supplements are consumed in different forms, such as capsules, pills, powder, gel caps, granules, tablets, and liquid. Mineral supplements such as calcium, phosphorus, chromium, magnesium, sulfur, iron, zinc, folic acid, silicon, copper, and cobalt help consumers of different age groups to stay healthy and be free from nutrition deficiency diseases. Due to busy lifestyle, many working individuals are unable to follow a regular diet, leading to deficiency of nutrients, including minerals in the body. In order to address the need for nutrients and prevent mineral-deficiency diseases, individuals consume additional food supplements, including mineral supplements. With increasing awareness about daily nutritional requirements, more consumers are expected to start consuming mineral supplements in the coming years thus driving the mineral supplements market.

Increasing age has adverse effects on the digestive organs, thus making it difficult in absorbing all the required nutrients from food. With growing age, people also tend to eat less due to loss of appetite. As a result, aging individuals do not get optimal amounts of minerals and other nutrients. Hence, they resort to additional supplements for proper nourishment. Among old age people, weakening of bones, poor eyesight, and poor digestive system are some of the common conditions. In order to remain fit and desired to live long, their dependency towards mineral supplements is growing.  

North America holds majority of the market for mineral supplements, followed by Asia Pacific and Europe. During forecasted period (2014-2020), mineral supplements market in Asia Pacific is expected to witness fastest growth rates owing to its increasing aging population and sustainable increase in disposable income. 

The mineral supplements market is bifurcated into application (food and beverages, pharmaceutical, and others) and end user (adult women, adult men, senior citizen, and others). The global market for mineral supplements in value term grew from USD 7.3 million in 2010 to USD 8.9 million in 2013. Usage of mineral supplements in the pharmaceutical sector (largest application segment in 2013) is projected to increase to USD 6.9 million in 2020, at a CAGR of 7.1%. Also, Usage of mineral supplements by adult women (largest end user in 2013) is projected to increase from USD 3.4 million in 2014 at a CAGR of 7.5% during 2014-2020.

Some of the major companies operating in mineral supplements market:

  • Glanbia Plc.
  • Nu Skin Enterprises, Inc.
  • E. I. du Pont de Nemours and Company.
  • NBTY, Inc.
  • Koninklijke DSM N.V.
  • BASF SE, Bayer AG, Atrium Innovations Inc.
  • Amway and Herbalife, Ltd.
  • Other

Chapter 1 Preface 

1.1 Report Description

1.2 Scope and Definition 

      1.2.1 Segments covered in the report 

1.3 Research Methodology 

Chapter 2 Market Synopsis 

Chapter 3 Porter’s Five Forces Analysis 

3.1 Threat of New Entrants 

3.2 Threat of Substitutes 

3.3 Bargaining Power of Suppliers

3.4 Bargaining Power of Buyers 

3.5 Rivalry Between Competitors 

Chapter 4 Market Overview 

4.1 Introduction 

4.2 Market Drivers 

      4.2.1 Growing aging population is expected to increase demand for mineral supplements

      4.2.2 Increasing consumer awareness regarding mineral supplements 

      4.2.3 Hectic life schedule coupled with lack of proper diet is likely to drive the mineral supplements market 

      4.2.4 Increasing demand from pregnant women is likely to drive the mineral supplements market 

      4.2.5 Impact analysis of growth driver

4.3 Market Restraints 

      4.3.1 Lack of proper regulatory bodies can hamper the mineral supplements market.

      4.3.2 Impact analysis of market restraints

Lack of proper regulations 

4.4 Opportunity 

      4.4.1 Increasing urban population in Asia Pacific is expected to provide growth opportunity to the mineral supplements market 

4.5 Market Trend

      4.5.1 Hectic schedules have driven consumers to online shopping portals

Chapter 5 Market Size and Forecast by Application 

5.1 Food and beverages

5.2 Pharmaceutical 

Chapter 6 Market Size and Forecast by End-Users

6.1 Adult Women

6.2 Adult Men

6.3 Senior Citizens 

Chapter 7 Market Size and Forecast by Geography 

7.1 North America 

7.2 Europe 

7.3 Asia Pacific 

Chapter 8 Competitive Scenario 

Chapter 9 Company Profiles 

9.1 Glanbia Plc 

      9.1.1 Company Overview 

      9.1.2 Products and Services 

      9.1.3 Financial Performance 

      9.1.4 Recent Developments 

9.2 Nu Skin Enterprises, Inc. 

      9.2.1 Company Overview 

      9.2.2 Products and Services 

      9.2.3 Financial Performance 

      9.2.4 Recent Developments 

9.3 E. I. du Pont de Nemours and Company 

      9.3.1 Company Overview 

      9.3.2 Products and Services 

      9.3.3 Financial Performance 

      9.3.4 Recent Developments 

9.4 NBTY, Inc. 

      9.4.1 Company Overview 

      9.4.2 Products and Services 

      9.4.3 Financial Performance 

      9.4.4 Recent Developments 

9.5 Koninklijke DSM N.V.

      9.5.1 Company Overview

      9.5.2 Products and Services 

      9.5.3 Financial Performance 

      9.5.4 Recent Developments 

9.6 BASF SE (Badische Anilin- und Soda-Fabrik)

      9.6.1 Company Overview 

      9.6.2 Products and Services 

      9.6.3 Financial Performance 

      9.6.4 Recent Developments 

9.7 Bayer AG 

      9.7.1 Company Overview 

      9.7.2 Products and Services 

      9.7.3 Financial Performance 

      9.7.4 Recent Developments 

9.8 Atrium Innovations, Inc. 

      9.8.1 Company Overview 

      9.8.2 Products and Services 

      9.8.3 Financial Performance

      9.8.4 Recent Developments 

9.9 Amway

      9.9.1 Company Overview 

      9.9.2 Products and Services 

      9.9.3 Financial Performance 

      9.9.4 Recent Developments 

9.10 Herbalife, Ltd.

      9.10.1 Company Overview

      9.10.2 Products and Services 

      9.10.3 Financial Performance 

      9.10.4 Recent Developments 


List of Tables

TABLE 1 Global mineral supplements market snapshot, by value, 2013 and 2020

TABLE 2 Various mineral supplements and their functions 

TABLE 3 Drivers for mineral supplements market: Impact analysis 

TABLE 4 Restrain for mineral supplements market: Impact analysis

TABLE 5 Global mineral supplements market, by end user, 2010 – 2013 (USD million)

TABLE 6 Global mineral supplements market, by end user, 2014 – 2020 (USD million) 

TABLE 7 North America mineral supplements market, by end user, 2010 – 2013 (USD million) 

TABLE 8 North America mineral supplements market, by end user, 2014 – 2020 (USD million) 

TABLE 9 North America mineral supplements market, by application, 2010 – 2013 (USD million) 

TABLE 10 North America mineral supplements market, by application, 2014 – 2020 (USD million) 

TABLE 11 Europe mineral supplements market, by end user, 2010 – 2013 (USD million) 

TABLE 12 Europe mineral supplements market, by end user, 2014 – 2020 (USD million) 

TABLE 13 Europe mineral supplements market, by application, 2010 – 2013 (USD million) 

TABLE 14 Europe mineral supplements market, by application, 2014 – 2020 (USD million) 

TABLE 15 Asia Pacific mineral supplements market, by end user, 2010 – 2013 (USD million)

TABLE 16 Asia Pacific mineral supplements market, by end user, 2014 – 2020 (USD million) 

TABLE 17 Asia Pacific mineral supplements market, by application, 2010 – 2013 (USD million) 

TABLE 18 Asia Pacific mineral supplements market, by application, 2014 – 2020 (USD million)

TABLE 19 Glanbia Plc Products 

TABLE 20 Nu Skin products and brands

TABLE 21 E. I. du Pont de Nemours and Company products

TABLE 22 NBTY products and brands

TABLE 23 DSM products and product classifications 

TABLE 24 BASF products and segments 

TABLE 25 Bayer products and segments 

TABLE 26 Atrium products and brands 

TABLE 27 Herbalife products and services


List of Figures 

FIG. 1 Global mineral supplements market, 2010 – 2020 (USD million) 

FIG. 2 Mineral supplements market: Porter’s Five Forces Analysis 

FIG. 3 Asia Pacific urban population growth, 2000 – 2050 (billion) 

FIG. 4 Global mineral supplements market for the food and beverages industry, 2010 – 2020 (USD million)

FIG. 5 Global mineral supplements for the pharmaceutical industry, 2010 – 2020 (USD million) 

FIG. 6 Adult women mineral supplements market in 2010 – 2020 (USD million) 

FIG. 7 Adult men mineral supplements market in 2010 – 2020 (USD million)

FIG. 8 Senior citizens mineral supplements market in 2010 – 2020 (USD million) 

FIG. 9 Global mineral supplements market share, by region, 2013 and 2020 

FIG. 10 Competitive positioning of global mineral supplement market, by region 

FIG. 11 Glanbia Plc Revenue and Profit, 2011 – 2013 (USD Million) 

FIG. 12 Nu Skin Revenue and Net Income, 2011 – 2013 (USD Million) 

FIG. 13 E. I. du Pont de Nemours and Company Net Sales and Net Income, 2011– 2013 (USD Billion)

FIG. 14 NBTY, Inc. Net Sales and Net Income, 2011 – 2013 (USD Million) 

FIG. 15 Koninklijke DSM N.V. Net Sales and Profit, 2011 – 2013 (USD Million) 

FIG. 16 BASF SE Sales and Net Income, 2011 – 2013 (USD Billion) 

FIG. 17 Bayer AG Sales and Net Income, 2011 – 2013 (USD Billion)

FIG. 18 Herbalife, Ltd. Net Sales and Net Income, 2011 – 2013 (USD Million)

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