Food Minerals Market Size, Share, and Industry Analysis By Type (Zinc [Zinc Oxide, Zinc Sulfate, and Others], Magnesium [Magnesium Citrate, Magnesium Chloride, Magnesium Oxide, and Others], Calcium [Calcium Carbonate, Calcium Chloride, and Others], Iron, and Others), By Application (Food & Beverages, Nutraceuticals, and Pharmaceuticals), and Regional Forecast till 2032

The global food minerals market is anticipated to expand owing to the Increasing demand for food products enriched with minerals. Food minerals refer to essential health elements that are naturally present in a variety of food options. These minerals are crucial for maintaining health and supporting various essential functions in the human body. They are also essential for growth, development, and overall well-being.

Pregnant women and young children are most vulnerable to micronutrient deficiency. Zinc and iron deficiency is very common, particularly in developing countries where diets are cereal-dominant and lower in protein. According to the World Health Organization (WHO), it is estimated that 40% of children, 37% of pregnant women, and 30% of women worldwide are facing health disabilities due to iron deficiency. The COVID-19 pandemic had a major impact on various markets. The outbreak witnessed a remarkable spike in demand for minerals, including zinc and iron, which positively flourished market growth.

Food Minerals Market Driver

Increasing Demand for Health-Beneficial Food Products to Boost the Market

The market is experiencing significant growth driven by the increasing awareness regarding food vitamins and minerals among consumers. The growing trend of health and wellness among consumers and the willingness to adopt healthier dietary options reflects the increasing demand for healthy food products that are incorporated with vital food minerals such as magnesium, zinc, calcium, and iron. Therefore, the consumer preference for healthier dietary choices and the growing trend of personalized nutrition is expected to boost the demand.

Food Minerals Market Restraint

Presence of Cost Limitations May Hinder the Growth

Cost constraint is a crucial factor that may affect the growth of the food minerals market. The manufacturing and development cost of food mineral products is high. The products are being manufactured using advanced technology and innovative formulations, which further increases the cost. Therefore, the increasing costs in the food fortification process result in a rise in the overall price of food mineral products, which is anticipated to restrict the growth of the market.

Food Minerals Market Opportunity

Emerging Food Fortification to Drive the Industry in the Near Future

The global food minerals market is projected to have lucrative growth opportunities owing to the increasing adoption of food supplements. The growing provenance of lifestyle has greatly influenced the dietary habits of consumers. Concerns regarding the adverse health effects of unbalanced lifestyles and the consumption of low-nutrient-value foods have shifted consumers toward maintaining healthy lifestyle habits. Thus, key industry players are offering fortified food products infused with minerals and vitamins. The emerging food fortification trend will additionally influence the industry's sales growth. For instance, in September 2024, Twinings, a U.K.-origin tea brand, introduced its new ready-to-drink Twinings Sparkling Tea in cans. The newly launched product is fortified with multiple vitamins and minerals, such as Vitamin C and Zinc.

Segmentation

Key Insights

The report covers the following key insights:

• Overview of the Parent Market
• Supply Chain Analysis
• Regulatory Analysis
• Industry SWOT Analysis
• Key Industry Developments
• Qualitative Analysis Related to COVID-19

Analysis by Type

Based on type, the market is divided into zinc, magnesium, calcium, and others.

The magnesium segment is expected to hold the largest share of the market. Magnesium helps in the regulation of potassium and sodium levels in the blood. Magnesium food minerals are effective in regulating enzymatic reactions such as the synthesis of fatty acids, protein, and food metabolism. Increasing demand for food supplements fortified with magnesium for treatment of health disorders such as high blood pressure, diabetes, insomnia, asthma, constipation, and others is projected to drive the segment growth.

The zinc segment is expected to show significant growth during the forecast period. Zinc mineral supplements are used to treat colds, improve immune function, and stabilize blood sugar levels. Zinc sulfate is proven to treat common skin conditions, such as acne, scars, and inflammatory bumps. It is often used for supplementation in conjunction with vitamin B6 and vitamin B12 to improve immune functioning.

Analysis by Application

Based on application, the market is divided into food & beverages, nutraceuticals, and pharmaceuticals.

The food & beverages segment is expected to hold the largest share of the market. Increasing awareness among consumers regarding food items consisting of vital minerals and added health-beneficial nutrients is fueling the segment growth. Consumers are increasingly seeking fortified and functional food products owing to their high nutritional value. Furthermore, the growing adoption of innovative fortification techniques for the integration of food minerals into a variety of products is expected to boost the segment growth.

The pharmaceuticals segment is anticipated to show significant growth during the forecast period. This growth is driven by increasing concerns regarding personal health and the rising prevalence of chronic diseases. Moreover, the growing demand for products that help improve and maintain cognitive health, immunity, and digestive health is projected to flourish the segment growth.

Regional Analysis

To gain extensive insights into the market, Download for Customization

Based on region, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Asia Pacific is predicted to dominate the market with the largest share during the forecast period. The regional market growth is attributed to the increasing industrial operations in countries such as India, China, Australia, and others. The growing demand for health supplements and the rising number of health-conscious individuals in developing nations are the factors propelling the growth of the market in the region.

The Europe market is anticipated to grow at a significant CAGR during the forecast period. The regional growth is attributed to the increasing adoption of food-grade minerals in the food and beverage industry. Moreover, the rising demand for organic and natural products among consumers is projected to drive the market's expansion in the region.

Key Players Covered

The global food minerals market is highly competitive in nature due to the presence of a large number of players operating across the region. The key companies are involved in research and development activities to create innovative products, thereby catering to the evolving consumer preferences. Some of the players in the food and beverages industry are involved in strategic partnerships and collaborations to expand distribution networks and strengthen their footprints in the market.

The report provides the profiles of the following key players:

• Balchem Corporation (U.S.)
• SPI Pharma, Inc. (U.S.)
• Waitaki Bio (New Zealand)
• CalciTech Europe Limited (Germany)
• Sigma Minerals Limited (India)
• Archer Daniels Midland Company (U.S.)
• ABF Ingredients Limited (U.K.)
• Adani Pharmachem Private Limited (India)
• Cargill, Incorporated (U.S.)
• Calspar India (India)

Key Industry Developments

• In October 2023, Weikfield Foods, a global food manufacturing company, launched its new Iron-Fortified Pasta. The pasta is fortified with Iron, Vitamin B12, and Folic Acid.
• In June 2021, Cipla Health, one of the global pharmaceutical companies, launched Maxirich Vitamin C + Zinc Chewable Tablets and Maxirich Gold Supplement. Maxirich Vitamin C+ Zinc chewable tablets contain antioxidant properties that enhance the immune system and reduce fatigue. Maxirich Gold is made from Ginseng extract, along with the goodness of 10 Vitamins and 9 Minerals.