Global Vitamin and Minerals Market Analysis

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  • Type: Common Disease Area
  • Published : March 2021
  • Region: Worldwide
  • Country: Other
  • Report ID : 149

  • Format: PPT, PDF

Global Vitamins and Minerals Market by Type (Vitamin A, Vitamin B & types, Vitamin C, Vitamin E, Calcium, Iron, Magnesium, Zinc, Others), Application (Food & Beverage, Supplements, Pharmaceuticals, Animal Feed, Others) and by Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and Latin America) – Opportunity Analysis, Trends, and Forecasts (2019 – 2028)

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Report Overview

The global vitamins and mineral supplements market are expected to grow from $51.70 billion in 2019 to XX billion in 2028 at a compound annual growth rate (CAGR) of 18.3%

The vitamins and mineral supplements market consist of sales of vitamins and mineral supplements that improve the health and wellness of the population. The sales comprise of revenue generated by the establishments manufacturing vitamins and minerals. Vitamins and mineral supplements are available without a prescription and come in tablets, powders or liquids and provide sufficient vital nutrients and minerals that preserve or boost an individual`s health.

Market Drivers

Rising consumer awareness and an increase in purchasing power due to economic developments has fuelled the growth of sales of vitamins in the Asia-Pacific region.
Minerals are gaining importance in the global market, due to increased concerns about medical ailments such as neural tube defects, abnormal bowel function, osteoporosis, cardiac disorders, etc. Research and development activities are extensively undertaken by manufacturers to optimise the yield and quality of mineral ingredients. Calcium is the most extensively consumed mineral ingredient, since it is essential to maintain bone health. The markets of North-America, Europe, and Asia-Pacific hold a major market share for mineral nutrients. Increased per capita-income, affinity towards health and wellness and the demand for balanced nutrition by consumers has driven the mineral market to new heights.

  1. Global Vitamins and Minerals Market Overview………………………………………..
    1. Market Size
  2. Market Growth Drivers……………………………………………………..……………….
    1. Growing use of dietary supplements in the modern lifestyle
    2. Due to increased concerns about medical ailments
  3. Market Restraints………………………………………………………………………….
    1. Disruptions in supply chains for the production of supplements
  4. Vitamins and Minerals Market Segmentation…………….…………………………..
    1. By Type
      1. Vitamin A
      2. Vitamin B
      3. Vitamin C
      4. Vitamin E
      5. Calcium
      6. Iron
      7. Magnesium
      8. Zinc
      9. Others
    2. By Application
      1. Food & Beverage
      2. Supplements
      3. Pharmaceuticals
      4. Animal Feed
      5. Others
    3. By Geography
      1. North America Market Analysis
      2. Europe Market Analysis
      3. Asia-Pacific Market Analysis
      4. Latin America, Middle-East and Africa Market Analysis
  5. Vitamins and Minerals Type Market Share…………………………………………..
    1. Key Findings
    2. Market Analysis, Insights and Forecast
  6. Competitive Landscape………………………………………………………….………..
    1. Major Players
    2. Products in Pipeline
  7. Key Company Profiles……………………………………………………………………..
    1. Pfizer Company overview, Product & Services, Strategies & Financials
    2. Sanofi Company overview, Product & Services, Strategies & Financials
    3. Amway Company, Product & Services, Strategies & Financials
  8. Potential Growth Opportunities………………………………………………..…………
    1. Advancements in Vitamins & Minerals market development
    2. Untapped markets in developing economies
  9. Factors Driving Future Growth…………………………………………………………..
    1. Key Industry Developments of Vitamins & Minerals market
    2. Future Opportunities
  10. Conclusion

Market Segmentation

By Type:

The vitamins and mineral supplements market covered in this report is segmented by type into multivitamin; single vitamin; multi mineral; single mineral. It is also segmented by application into energy & weight management; general health; bone & joint health; gastrointestinal health; immunity; cardiac health; diabetes; anti-cancer; others, by distribution channel into pharmacies & drug stores; supermarkets & hypermarkets; online channels, and by end-user into adults; geriatric; pregnant women; children; infants.

By Region:

By geography, North America was the largest region in the vitamins and minerals supplements market in 2019. Asia Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in the global vitamins and mineral supplement market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the global vitamins and mineral supplement market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

In April 2020, American Regent Inc, a US manufacturer of pharmaceuticals for human and veterinary use with manufacturing sites in New York and Ohio, acquired Daiichi Sankyo for an undisclosed amount. This acquisition increases American Regent’s production and provides the opportunity to explore other products to manufacture, allowing the company to continue to find innovative ways of responding to customer needs. Daiichi Sankyo is a pharmaceutical company with its corporate origin in Japan.

Top Major Players
The major players covered of the Vitamins and Mineral Market are SALUS Haus, Pfizer, Daiichi Sankyo, AMWAY, Eisai, Sanofi, GNC, CSPC Pharmaceutical Group, DSM, Otsuka Holdings Co. Ltd, Puritan’s Pride, Pharmavite, Jamieson, Webber Naturals, Hainan Yangshengtang, Nature’s Bounty, CCMP Capital, Pharmavite, Suntory Holdings Ltd, Glanbia PLC, GlaxoSmithKline PLC, Abbott Laboratories, Bayer AG, Puritan`s Pride, General Nutrition CentersInc., Webber Naturals, CSPC Pharmaceutical Group, Hainan Yangshengtang.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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