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Global Mineral Ingredients Market to Grow at a CAGR of 5.1% During the Forecast Period 2020-2025
"Increasing Incidence of Chronic Diseases Leading to Diabetes and Other Cardiovascular Diseases Is a Major Factor Driving the Global Mineral Ingredients Market During the Forecast Period 2020-2025."
BriefingWire.com, 4/22/2021 - Global Mineral Ingredients Market size is estimated to be $678.8 Million in 2019, growing at a CAGR of 5.1% during the forecast period 2020-2025. Minerals play an important role in the body and support metabolism, human growth, blood formulation or the function of the nerves and muscles. They are important for a wide range of functions in the body ranging from generalized ones including electrolyte balance and bone formation to a very specific role in the synthesis of thyroid hormones. Growing geriatric population and the increase in the number of people suffering from chronic disease coupled with the rising demand of mineral supplements is a vital factor up surging its market growth. Besides this, the product launched by the key players in order to expand their product portfolio is another factor contributing to its market growth. For instance, in October 2019 Gadot Biochemical Industries launched a new sports nutrition-specific citrate mineral line that aims to provide sports nutrition brand manufacturers with essential nutrients athletes and fitness enthusiast need pre- and post-performance with the correct mineral balance they require. Moreover, according to NCBI about 45 percent of the adult men and 55 percent of the adult women in the U.S. takes a vitamin or mineral supplements either regularly or occasionally. Sales of dietary supplements have increased sixfold in the past 15 years, reaching $3 billion in 1987. In addition, the average U.S. adults buying supplements spends about $32 in a year.