Vitamins and Minerals Market Detailed Study Analysis with Forecast by 2028

Posted by Industry Probe on December 10th, 2020

Vitamins and minerals are the most essential nutrients as they play a major role in a living body. Every day, human bodies produce muscle, bone, and skin. But to do this, a body needs various raw materials which comprise at least 30 vitamins, minerals, and dietary ingredients that a body needs but is unable to manufacture on its own in adequate amounts. They are essential to shore up bones, heal injuries, and support the immune system. Due to increased awareness of the importance of nutrients in the body, the vitamins, and minerals market is expected to boost in the upcoming period. Vitamins are mostly gained by plants or animals, and minerals from the soil and water and are consumed by plants or eaten by animals. The increase in health consciousness among people is driving the global vitamins and minerals market.

Like everything, the nutrients have a limit of consumption which if consumed in a higher amount can be harmful to the body. There are 13 essential vitamins, viz, vitamins A, B, C, D, E, and K, wherein vitamin B can be classified into niacin, pantothenic acid, riboflavin, biotin, B6, B12, thiamine, and folate. These vitamins can be vitally needed for health with several minerals like calcium, phosphorus, potassium, iodine, sodium, sulfur, chloride, magnesium, iron, zinc, copper, cobalt, fluoride, manganese, and selenium. Vitamins help the body resist infections, nerves strong, and gain enough energy from food. Whereas, minerals help the body function, for example, iodine and fluoride are only required in petite quantities. Others, such as calcium, magnesium, and potassium, are required in higher amounts. As with vitamins, with a mixed or diverse diet, the body can seemingly get plenty of most minerals.

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The report states that the factors such as a rise in disposable income, advancement in lifestyle patterns of selves, and assorted corporate culture are anticipated to drive the demand for vitamins and minerals during the forecast period. The market has beheld a trend in vitamins and minerals due to the rise of e-commerce platforms across the world. e-Commerce has raised tremendous popularity in the rural as well as urban areas, empowering consumers to order online and receive products at their doorstep. This progress in the sales field has improved the reach towards the customers and is anticipated to boost the market with sales. Moreover, the report also highlights copious factors responsible for the growth of the market such as development constituents, statistical growth, business strategies, financial loss or gain to assist readers, as well as clients, comprehend the vitamins and minerals market from a global perspective.

The global vitamins and minerals market has been segregated in the report based on the application, type of source, distribution channel, and region. To categorize by application, the vitamins and minerals market can be divided into food & beverages, healthcare, feed, and personal care. Moreover, the food & beverages segment is sub-segmented into beverages, bakery products, dairy products, cereals, and others. The healthcare segment is sub-divided into dietary supplements and nutritional products. Based on the type of source, the vitamins and minerals market can be divided into vitamins, minerals, the combination of both vitamins and minerals, and others. Based on the functionality process, the global vitamins and minerals market can be segregated into skin health, bone health, immunity, digestion, energy, and others. Based on the distribution channel, the global vitamins and minerals market can be bifurcated into offline and online. The offline segment can be sub-divided into specialty stores, hypermarkets, supermarkets, and departmental stores. The online segment is sub-segmented into company-owned websites and e-commerce portals.

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