What is Global Mineral Enrichment Ingredient Market?
The Global Mineral Enrichment Ingredient Market is a vast and dynamic sector that deals with the production, distribution, and consumption of mineral-enriched ingredients. These ingredients are primarily used in various industries such as food and beverage, pharmaceuticals, and others to enhance the nutritional value of the products. The market is driven by the increasing demand for healthy and nutritious food products among consumers worldwide. The market encompasses a wide range of products including but not limited to, minerals like calcium, iron, zinc, and magnesium in various forms like powder and granules. These ingredients are added to food products, beverages, and pharmaceuticals to increase their nutritional content and provide health benefits to the consumers. The market is also influenced by various factors such as changing consumer preferences, technological advancements, and government regulations.
Powder, Granule in the Global Mineral Enrichment Ingredient Market:
The Global Mineral Enrichment Ingredient Market is segmented into powder and granule based products. The powder segment includes mineral-enriched ingredients in the form of fine, loose particles. These are typically used in the food and beverage industry to fortify products like cereals, bread, and other baked goods. On the other hand, the granule segment includes mineral-enriched ingredients in the form of small, coarse particles. These are commonly used in the pharmaceutical industry to manufacture dietary supplements and other health products. The choice between powder and granule form depends on the specific requirements of the end-use industry. For instance, the food and beverage industry might prefer powder form for its ease of mixing, while the pharmaceutical industry might prefer granule form for its ease of encapsulation.
Food and Beverage, Pharmaceutical, Others in the Global Mineral Enrichment Ingredient Market:
The Global Mineral Enrichment Ingredient Market finds its application in various sectors such as food and beverage, pharmaceutical, and others. In the food and beverage industry, these ingredients are used to fortify food products and beverages to enhance their nutritional value. This is particularly important in today's world where malnutrition and nutrient deficiencies are prevalent. In the pharmaceutical industry, these ingredients are used in the production of dietary supplements and other health products. These products are designed to supplement the diet and provide nutrients that may not be consumed in sufficient quantities. Other applications of mineral-enriched ingredients include animal feed, cosmetics, and personal care products.
Global Mineral Enrichment Ingredient Market Outlook:
The future of the Global Mineral Enrichment Ingredient Market looks promising. As per the market outlook, the market was valued at US$ 1442 million in 2022. It is expected to grow at a steady pace and reach a value of US$ 1898 million by 2029. This represents a compound annual growth rate (CAGR) of 4.0% during the forecast period from 2023 to 2029. This growth can be attributed to the increasing demand for nutritious food products and health supplements among consumers. Moreover, advancements in technology and the development of innovative products are also expected to drive the growth of the market in the coming years.
| Report Metric | Details |
| Report Name | Mineral Enrichment Ingredient Market |
| Accounted market size in 2022 | US$ 1442 in million |
| Forecasted market size in 2029 | US$ 1898 million |
| CAGR | 4.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | Clover Hill Food Ingredients Ltd, Cargill, Incorporated, ADM WILD Europe GmbH & Co.KG, Nestlé, Wilmar International Limited, PURATOS, Shellz Overseas Pvt. Ltd., INFORUM Group, Buhler AG,Barry Callebaut, Unigrà S.r.l., Blommer Chocolate Company, CEMOI, HERZA Schokolade GmbH & Co. KG. |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
