Fact.MR’s latest forecast study estimates that the global mineral ingredients market will expand at a value CAGR of 5.7% over the forecast period, 2017-2026. In terms of volume, the report estimates that more than 334,400 tonnes of mineral ingredients will be sold globally by the end of 2026.
Leading manufacturers of mineral ingredients have been profiled in this report to ascertain the market’s global competition landscape. Minerals Technologies Inc., Compass Minerals International Inc., Caravan Ingredients Inc., SEPPIC, Arla Foods amba, Gadot Biochemical Industries Ltd., AkzoNobel, Jungbunzlauer Suisse AG, Albion Laboratories Inc., and Dr. Paul Lohmann GmbH KG have been recognized as key players in the global mineral ingredients market.
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The factors that are boosting the global mineral ingredients market include the increasing population and the impressive growth of the F&B industry during the past few years. Other factors that are driving the global mineral ingredients market include an increasing deficiency of mineral ingredients that causes many health complications and diseases in people. In addition, there is a growing health consciousness amongst the consumers both in the developed and emerging economies and this is leading to an increasing demand of functional foods, and this is giving a boost to the global mineral ingredients market. Besides, the mineral ingredients possess many beneficial health properties and they even help in working as an anti-ageing agents, and this is likely to act as a driving factor for the global mineral ingredients market. Also, rising urbanization, changing life style of people and a vast choice for the consumers in the form of various type of mineral ingredients also contributes to the growth of this lucrative market.
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4 Insights on How Global Mineral Ingredients Market will Evolve by 2026
Macro nutrients segment in the product type category is forecasted to exhibit a robust CAGR during the period of assessment and is estimated to reach a value of nearly US$ 720 Mn by the end of 2026. The macro nutrients segment was expected to account for more than two-third of the revenue share of the product type category by the end of the year 2017.
Infant formula segment in the application category is forecasted to exhibit a CAGR of 5.0% during the period of assessment and is likely to reach a valuation of nearly US$ 93 Mn by 2026 end. The infant formula segment was expected to account for more than one-tenth of the revenue share of the application category by 2017 end and is expected to lose market share during the forecast period.
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The powder segment in the form category was forecasted to exhibit a robust CAGR during the period of assessment and is expected to reach a valuation of nearly US$ 650 Mn by the end of 2026. The powder segment was estimated to account for more than two-third of the revenue share of the form category by 2017 end.
The United States mineral ingredients market is likely to reach a value of nearly US$ 206 Mn and exhibit a moderate CAGR during the period of assessment from 2017 till 2026.
Mineral Ingredients Market , 2018-2028 by Segmentation: Based on Product, Application and Region
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