Mineral Ingredients Market: Swelling Demand to Influence Revenue Share during 2017-2026
Fact.MRís 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
[UKPRwire, Wed Apr 24 2019] The global†mineral ingredients market†is experiencing a steady growth due to a number of factors. Some of the factors driving the global mineral ingredients market are the various health problems caused due to deficiency, the increased occurrence of chronic diseases, presence of a huge geriatric population and a general rise in awareness amongst the consumers regarding their health and consequently a rise in awareness about taking a nutrient and mineral rich ingredients diet. The recommended levels of mineral ingredients that should be daily taken by the general population have already been earmarked.
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Another factor that is driving the global mineral ingredients market is the presence of a large number of product offerings in the market. However, if there is an accumulation of mineral ingredients in excess to the recommended levels, it may cause health complications amongst the consumers. This factor is the main restraining factor of the global mineral ingredients market.
Fact.MRís 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.
Europe is Set to Dominate the Global Mineral Ingredients Market in Value Terms in 2017
The Europe market was estimated expected to dominate the global mineral ingredients market in terms of revenue in the year 2017, and is forecasted to be replaced by APEJ region from the year 2021. Europe mineral ingredients market is an attractive market, growing at a moderate CAGR during the assessment period. The Europe market is forecasted to be valued at US$ 261 Mn by the end of the year 2026.
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Micro Nutrients Segment to Demonstrate a Sluggish CAGR During the Assessment Period
As per the forecasts of Fact.MR, the micro nutrients segment is poised to touch a value of nearly US$ 209 Mn in 2026. This represents a sluggish CAGR growth during the assessment period 2017-2026. The micro nutrients segment was estimated to account for more than one-fourth of the revenue share of the product type category by 2017. The largest share is contributed by Europe region in the mineral ingredients market.
Dairy Products Segment to Account for Nearly One Fifth of the Revenue Share of the Application Category in 2017
As per the findings of the Fact.MR research report, the dairy products segment is poised to grow at a moderate CAGR and touch a valuation of nearly US$ 129 Mn in 2026. The dairy products segment was estimated to account for nearly one-fifth of the revenue share of the application category by 2017 end and is forecasted to lose market share by the end of the year 2026.
Leading manufacturers of mineral ingredients have been profiled in this report to ascertain the marketís 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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