Therapeutic Nutrients And Minerals Market Share Analysis, Trends And Growth Report 2024-2033

Overview and Scope

Therapeutic nutrients and minerals refer to vitamins, minerals, and other nutrients that are used to support overall health and treat specific health conditions. They are used to provide substances that are not taken in through the diet.

 

Sizing and Forecast

The therapeutic nutrients & minerals market size has grown strongly in recent years. It will grow from $67.64 billion in 2023 to $73.08 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%.  The growth in the historic period can be attributed to growing health awareness and preventive healthcare, aging population and wellness concerns, rising incidence of lifestyle-related diseases, healthcare professional recommendations, nutritional deficiencies and dietary gaps.

 

The therapeutic nutrients & minerals market size is expected to see strong growth in the next few years. It will grow to $99.22 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.  The growth in the forecast period can be attributed to personalized nutrition and customized supplements, wellness and immune system support, e-commerce and direct-to-consumer channels, plant-based and natural ingredient preferences, regulatory emphasis on health claims and labeling. Major trends in the forecast period include collaborations in the pharmaceutical industry, demand for trace minerals and micronutrients, focus on mental health and cognitive function, adoption of sustainable and ethical sourcing, integration of technology in nutrient delivery.

 

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Segmentation & Regional Insights

The therapeutic nutrients and minerals market covered in this report is segmented –

1) By Type: Multivitamins, Calcium, Supplements, Other Types

2) By Formulation: Capsule, Tablet, Powder, Liquid Or Gel, Other Formulations

3) By Sales Channel: Pharmacies And Drug Stores, Supermarkets And Hypermarkets, Online Channels

4) By End User: Adults, Geriatric, Pregnant Women, Children, Infants

 

Asia-Pacific was the largest region in the therapeutic nutrients and minerals market in 2023. North America is expected to be the fastest-growing region in the therapeutic nutrients and minerals market report during the forecast period. The regions covered in the therapeutic nutrients and minerals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

 

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Major Driver Impacting Market Growth

The increasing demand of functional foods is expected to propel the growth of therapeutic nutrients and minerals market going forward. Functional foods refer to food products that offer health benefits beyond basic nutrition. These foods are formulated to provide additional positive effects on health by promoting optimal physiological functions and reducing the risk of chronic diseases. Functional foods, enriched with therapeutic nutrients and minerals, offer targeted health advantages, driving their popularity among health-conscious individuals. For instance, according to the Institute of Food Technologists (IFT), a US-based non-profit scientific society, the sales of functional foods and beverages in the United States reached $83 billion in 2021, a 6.8% increase over 2020.  Therefore, the increasing demand of functional foods is driving the growth of the therapeutic nutrients and minerals market.

 

Key Industry Players

Major companies operating in the therapeutic nutrients and minerals market are developing new catch-up growth products to gain a competitive edge in the market. Catch-up growth products typically refer to nutritional supplements or foods designed to support individuals, especially children, who have experienced growth delays or are undernourished. For instance, in September 2021, Abbott Laboratories, a US-based medical device company, launched the new PediaSure in India. This enhanced formulation includes arginine and natural vitamin K2, essential nutrients scientifically designed to support catch-up growth in children. With 37 growth nutrients, PediaSure aims to provide complete and balanced nutrition, promoting longer and stronger bones to unlock the growth potential in children.

 

The therapeutic nutrients and minerals market report table of contents includes:

1. Executive Summary
2. Therapeutic Nutrients And Minerals Market Characteristics
3. Therapeutic Nutrients And Minerals Market Trends And Strategies
4. Therapeutic Nutrients And Minerals Market – Macro Economic Scenario
5. Global Therapeutic Nutrients And Minerals Market Size and Growth
6. Therapeutic Nutrients And Minerals Market Segmentation
7. Therapeutic Nutrients And Minerals Market Regional And Country Analysis

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33. Key Mergers And Acquisitions In The Therapeutic Nutrients And Minerals Market
34. Therapeutic Nutrients And Minerals Market Future Outlook and Potential Analysis
35. Appendix

 

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Therapeutic Nutrients And Minerals Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Therapeutic Nutrients And Minerals Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Therapeutic Nutrients And Minerals Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Table 75: Glanbia plc Financial Performance

Table 76: Herbalife Nutrition Ltd. Financial Performance

Table 77: Bayer AG Financial Performance

Table 78: Abbott Laboratories Financial Performance

Table 79: Nu Skin Enterprises Inc. Financial Performance

 

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