India Mineral Supplements Market to reach USD 3.31 Bn by 2027, emerging at a CAGR of 18% percent and forecast 2021-2027
The mineral supplements market in India was valued at USD 1.04 billion in 2020 and is estimated to grow at an 18% CAGR during the forecast period. Mineral deficiency, particularly calcium, zinc, and iron deficiency, as well as increased health and fitness consciousness, are important factors driving the Mineral Supplements market. The high prevalence of ailments such as osteoporosis, anaemia, cancer, and diabetes is also propelling market expansion, as these supplements are commonly utilised in the treatment of these conditions.
India Mineral Supplements Market Overview:
India Mineral Supplements Market Research Report examined the current state of definitions, classifications, applications, and the structure of the industrial chain. The report offers objective professional commentary on the current market condition, historical market performance, production and consumption rates, demand and supply ratios, and income generation estimates for the projected term. The India Mineral Supplements market analysis also provides information on the strategic aspirations and company growth strategies of the major organisations in the India Mineral Supplements sector. Among the approaches examined in the study are mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand marketing, and product launches. To summary, the research presents a thorough picture of the India Mineral Supplements market in both and regional markets.
Key Insights:
India Mineral Supplements Market size is expected to reach US$ 3.31 Bn. by 2027, at a CAGR of 18% during the forecast period.
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COVID-19 Impact on India Mineral Supplements market:
The COVID-19 epidemic has had a significant impact on the India Mineral Supplements industry. Due to the worldwide crisis and a lack of manpower, production facilities have been paused. The COVID-19 pandemic has led in a severe and extended drop in production utilisation, while travel prohibitions and facility closures have kept personnel away from their facilities, causing the India Mineral Supplements market to slow in 2020. However, the negative impact of COVID-19 on the India Mineral Supplements market is expected to be short, with the industry rebounding quickly by early 2021 due to increasing demand for India Mineral Supplements .
India Mineral Supplements Market Drivers:
In addition, increasing the number of distribution channels adds to market growth. The emerging vegan trend also increases demand for certain nutrients, particularly calcium and iron, as these are evolving as replacements for vegans to achieve their needed mineral needs. Vegans and vegetarians are increasing by 10% to 15% per year, according to the MMR research. Additionally, the expanding senior population and increase in disposable income are two major aspects expected to drive market expansion during the projection period.
India Mineral Supplements Market Segmentation:
Furthermore, an increasing number of new product launches and developments contribute to its value-added market share. For example, in 2018, Nanova Tech, Inc. launched next-generation Nano-Cal supplements on its website. During the projected period, a Mg supplement is expected to have a lucrative CAGR of 7.1 percent. This is due to its use in a variety of health disorders such as hypertension, migraine, bone health, and others. Companies are working to make Mg elements suitable for a wide range of compositions. Magtein, AIDP's Mg component, can be articulated for use in beverages, gummies, and other products, increasing its demand.
In 2019, the calcium sector accounted for approximately 30% of the mineral supplement market. One of the primary factors driving category growth is the increasing prevalence of osteoporosis. According to the MMR research data, approximately 15.3 million Indians suffered from osteoporosis in 2018. The simple availability of calcium supplements also contributes to segment development. Growing cancer cases, particularly breast cancer, pose a high risk of developing osteoporosis at an early stage.
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Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of market potential in a variety of categories, as well as country-by-country analyses in each covered area. The analysis investigates the market's major influencing factors, as well as complete company profiles of....
• Glanbia Plc.
• Nu Skin Enterprises, Inc.
• E. I. du Pont de Nemours and Company.
• NBTY, Inc.
• Koninklijke DSM N.V.
• BASF SE
• Amway and Herbalife, Ltd.
• Abbott
• Nestle
• Biovea
• Amway
• Bayer AG
• Atrium Innovations Inc.
• Bayer AG
Regional Analysis:
The region portion of the research also provides key market influencing aspects and changes in market regulation that influence the market's current and future trends. New sales, replacement sales, national demographics, regulatory acts, and import-export taxes are some of the major variables used to assess the market scenario for various locations. Furthermore, when providing forecast analysis of national data, the existence and availability of brands, as well as the hurdles they encounter due to strong or weak competition from local and domestic brands, as well as the influence of sales channels, are taken into account.
Table Of Content:
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
1.4. Key Questions Answered
2. Research Methodology and Assumptions
2.1. Report Assumptions
2.2. Abbreviations Used
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary
3.1. Global India Mineral Supplements Market Size, by Market Volume (Units) And Market Value (US$ Mn), By Region
4. Market Overview
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies
Key Questions Answered in the India Mineral Supplements Market Report are:
- Which segment emerged as the leading segment in the India Mineral Supplements market?
- Which are the key players in the India Mineral Supplements market?
- What trends are likely to emerge in the India Mineral Supplements market in the coming years?
- What will be the India Mineral Supplements market size by 2027?
- Which company held the largest share in the India Mineral Supplements market in 2020?
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