Market Overview:
Mineral ingredients refer to naturally occurring inorganic substances that are derived from minerals or mineral deposits. These minerals are typically obtained from the earth and are often processed or refined for various applications in industries such as cosmetics, personal care, and skincare. Mineral ingredients are often considered natural and safe for cosmetic formulations. They are derived from the earth and typically undergo minimal processing. Additionally, mineral ingredients like titanium dioxide and zinc oxide are considered physical sunscreens, which work by sitting on top of the skin and reflecting UV rays, making them a preferred choice for those seeking natural sun protection.
Top Key Players for Mineral Ingredients Market:
BASF, Cargill, DuPont, Lonza, Pfizer, Cognis , Koninklijke DSM N.V, Arla Foods Amba, Akzonobel N.V., Balchem Corporation, Minerals Technologies Inc, Gadot Biochemical Industries Ltd, Yara International ASA, Jungbunzlauer Suisse AG, Compass Minerals International Inc,Corbion N.V and Other Major Players.
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The report summarizes all the information collected and serves the customer's requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.
Market Dynamics and Factors for Mineral Ingredients Market:
Drivers:
Increasing Prevalence of Cardiovascular Diseases
The prevalence of cardiovascular diseases (CVDs) has indeed been increasing globally. Cardiovascular diseases are a group of disorders that affect the heart and blood vessels, including conditions such as coronary artery disease, heart failure, stroke, and hypertension. The aging population is a significant factor contributing to the rising prevalence of CVDs. As people live longer, the risk of developing cardiovascular conditions increases, as age is a major risk factor for these diseases. Public health initiatives focused on promoting healthy lifestyles, controlling risk factors, and raising awareness about the importance of cardiovascular health play a vital role in reducing the burden of these diseases.
Opportunities:
Growing Application in the Supplement Industry
The dietary supplement industry's increased need for mineral components will boost the market outlook throughout the projection period. Consumers' increased focus on health and prevention, increased knowledge of chronic illnesses and cancer conditions, and movement towards nutritional and dietary supplements will all contribute to market development. Mineral component increase in dietary supplements is pushing firms to invest heavily in R&D to produce products tailored to various age groups, genders, and uses. The supplement industry is one of the main markets for mineral ingredients, and companies can increase opportunities in this sector by: Offering a diverse range of mineral ingredients: Develop a wide range of mineral ingredients with different forms, bioavailability, and benefits that meet the needs of the supplement industry.
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Segmentation Analysis of the Mineral Ingredients Market:
By Type, Mineral ingredients in the form of micronutrients refer to essential minerals that are required by the body in small amounts for proper functioning and maintenance of overall health. Iodine is essential for the production of thyroid hormones, which regulate metabolism, growth, and development. It is especially important during pregnancy for proper fetal brain development. Calcium is a vital mineral for the formation and maintenance of strong bones and teeth. It is also involved in muscle function, nerve transmission, and blood clotting.
By Application, In Food and beverage Mineral ingredients are used in the food and beverage industry for fortification, texture enhancement, and flavoring purposes. Calcium and iron are added to certain food products to fortify them and address nutrient deficiencies. Salt, which contains sodium and chloride, is a widely used mineral ingredient for enhancing flavor and preserving food. Minerals like potassium, magnesium, and phosphorus are utilized as electrolytes in sports drinks and functional beverages to support hydration and muscle function.
By Type
- Macronutrients
- Micronutrients
By Form
- Liquid
- Powder
- Others
By Application
- Bakery & Confectionery
- Food Supplements
- Ready to Eat Foods
- Cosmetics & Personal Care
- Pharmaceuticals
- Others
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Regional Analysis of the Mineral Ingredients Market:
North America is one of the largest markets for mineral ingredients, accounting for a significant share of the global market. The region's dominance is attributed to several factors, including High consumer awareness and demand for nutritional supplements and fortified foods: North American consumers are highly aware of the importance of adequate mineral intake for maintaining optimal health and wellness. This has led to a significant demand for mineral ingredients in the supplement and food industries. Well-established pharmaceutical and personal care industries. The region has well-established pharmaceutical and personal care industries that use mineral ingredients as key components in their products.
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Development:
In July 26, 2021 Minerals Technologies Inc. acquired Normerica Inc a leading supplier of premium pet care products in North America. MTI is financing the acquisition through a combination of cash on hand and its current credit facilities. The purchase of Normerica is expected to be accretive to MTI's earnings per share in 2021.
In July 1, 2021 Corbion has acquired full ownership of Granolife for an undisclosed price. Granolife is a key player in functional blends for the Mexican bakery and fortification Industries. The company is based in Querétaro, Mexico, employs around 60 staff and operates a production facility and an application and development center. Corbion has taken over the Granolife business with immediate effect
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