September 15, 2021
According to the research report titled ‘Global Food Minerals Market Size study, by Product Type (Zinc, Magnesium, Calcium and Others), by Source (Marine, Fruits, Vegetables and Others), by Application (Nutraceutical, Industries, Pharmaceutical industries and Food & Beverage Industries), and Regional Forecasts 2021-2027‘, available with Market Study Report, global food minerals market is expected to register momentous growth over 2021-2027.
High mortality rate associated with nutritional deficiency, favorable government initiatives towards promoting consumption of nutrition rich food, as well as increasing incidence of allergies & weakened immune systems are catalyzing the growth of global food minerals market.
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According to a 2020 report published by the World Health Organization, nutritional deficiencies like iron, vitamin A, or iodine caused nearly 45% of the total fatalities among children under five years of age.
Additionally, increasing adoption of natural food-based minerals in the pharmaceutical sector is fueling the industry expansion.
It is to be noted that minerals are imperative to the growth and development of the human body. These minerals are not biologically synthesized, hence need to be consumed through various types of food.
Despite the positive outlook, increasing consumption of unhealthy junk foods as well as high cost of products have hampered the growth of the business sphere in the recent years.
With respect to product type, worldwide food minerals market is classified into calcium, magnesium, zinc, and others, whereas based on source, the industry vertical is fragmented into vegetables, fruits, marine, and others. Moving on to application scope, the market sphere is divided into food & beverage, pharmaceutical, and nutraceutical industries.
As per expert verbatim, North America, Europe, Latin America, and Asia Pacific are major benefactors to the overall industry remuneration. Among these, North America currently holds a major market share, owing to prevalence of obesity, and presence of several established manufacturers throughout the region.
Meanwhile, Europe industry is anticipated to grow significantly over the assessment period. This can be attributed to increasing incidence of diseases, and rising consumer inclination towards healthy food habits in the region.
Speaking of the competitive landscape, Eisai Co., Ltd., Avion Pharmaceuticals, LLC, Dangote Group, Sigma Minerals Ltd., Cargill, Inc., Omya International AG, Archer-Daniels-Midland Company, ABF Ingredients, Waitaki Biosciences International Ltd., and CalciTech Europe Ltd. are the leading companies in global food minerals market.