Pharmaceuticals

Global Vitamin and Minerals Market Outlook, Opportunities And Strategies

December 10, 2021 by The Business Research Company

Learn about the global vitamin and minerals market through The Business Research Company, which provides information on vitamin and minerals market size, vitamin and minerals market drivers and restraints, vitamin and minerals market players, the COVID-19 impact on the vitamin and minerals market, and more.

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The global vitamin and minerals market is expected to decline from $18.14 billion in 2020 to $17.54 billion in 2021 at a compound annual growth rate (CAGR) of -3.3%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The vitamins and mineral supplements market is expected to reach $22.21 billion in 2025 at a CAGR of 6%.

The growing use of dietary supplements in the modern lifestyle is expected to drive innovation in vitamin and minerals manufacturing, thus driving the market during the forecast period.

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The vitamins and mineral supplements market consists of sales of vitamins and mineral supplements that improve the health and wellness of the population. The sales comprise of revenue generated by the establishments manufacturing vitamins and minerals. Vitamins and mineral supplements are available without a prescription and come in tablets, powders or liquids and provide sufficient vital nutrients and minerals that preserve or boost an individual’s health.

Global vitamin and minerals market segments include:

By Type: Multivitamin, Single Vitamin, Multi Mineral, Single Mineral

By Application: Energy And Weight Management, General Health, Bone And Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-Cancer, Others

By Distribution Channel: Pharmacies And Drug Stores, Supermarkets And Hypermarkets, Online Channels

By End-User: Adults, Geriatric, Pregnant Women, Children, Infants

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The consumer preference moving towards organic supplements is a key trend in the vitamins and mineral supplement market. There was a suggested transition towards vegan & organic food in 2020, and this trend will shortly become a lifestyle for many people as COVID-19 is taking the world by storm. As a lot of people globally believe that the COVID crisis is associated with the consumption of animal meat, people will become more cautious of the food they consume and this can result in a significant rise in the demand for organic and vegan food products. Many small and medium enterprises have started to promote plant-based goods and diets in the product space. The coronavirus pandemic is accelerating the trend for organic food supplements.

TBRC’s vitamin and minerals market report covers:

Major Market Players: Salus Haus, Pfizer, Daiichi Sankyo, Amway, Eisai, Sanofi, GNC, CSPC Pharmaceutical Group, DSM, Otsuka Holdings Co. Ltd.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Vitamin and Minerals Global Market Report 2021: COVID-19 Implications And Growth to 2030 is one of a series of new reports from The Business Research Company that provides vitamin and minerals market overviews, analyzes and forecasts market size, share, vitamin and minerals market players, vitamin and minerals market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s vitamin and minerals market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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