NEW YORK, April 4, 2022 /PRNewswire/ — The global multivitamin and mineral supplements market size is expected to increase by USD 3.19 billion between 2021 and 2026, expanding at a CAGR of 4.8% during the forecast period. The report offers a comprehensive analysis of the major factors influencing the growth of the market. The report also covers recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.

Technavio has announced its latest market research report titled Multivitamin and Mineral Supplements Market by Application and Geography - Forecast and Analysis 2022-2026

Technavio has announced its latest market research report titled Multivitamin and Mineral Supplements Market by Application and Geography – Forecast and Analysis 2022-2026

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The market is driven by the increasing adoption of multivitamin and mineral supplements by the growing aging population. The rising prevalence of diseases such as Alzheimer’s and Parkinson’s has increased the health consciousness about degenerative functioning among the aging population worldwide. Hence, to prevent the risk of such conditions, baby boomers are engaging in physical activities such as traveling and increasing the intake of multivitamin and mineral supplements. By 2030, nearly 17% of the global population is expected to be aged over 60 years. All these factors will have a positive impact on the growth of the global multivitamin and mineral supplements market.

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Major Five Multivitamin and Mineral Supplements Companies:

Abbott Laboratories: The company offers multivitamin and mineral supplements under the brand name HI-CAL.

Amway Corp.: The company offers multivitamin and mineral supplements under the brand name Nutrilite.

Archer Daniels Midland Co.: The company offers multivitamin and mineral supplements under the brand name Ultralec.

BASF SE: The company offers dietary supplements with high-quality health ingredients. The products are based on solid scientific foundations and contribute to a longer, healthier, and more active life.

Bayer AG: The company offers multivitamin and mineral supplements under the brand name Redoxon.

Multivitamin and Mineral Supplements Companies: Segmentation Analysis

The 120-pages report segments the multivitamin and mineral supplements market by application (eye health supplements, bone and joint supplements, heart health supplements, and other supplements) and geography (North America, Europe, Asia, and the Rest of the World (ROW)).

Multivitamin and Mineral Supplements Market Application Outlook (Revenue, USD bn, 2021-2026)

  • Eye health supplements – size and forecast 2021-2026

  • Bone and joint supplements – size and forecast 2021-2026

  • Heart health supplements – size and forecast 2021-2026

  • Other supplements – size and forecast 2021-2026

By application, the eye health supplements segment generated maximum revenue in the market in 2021. The segment is driven by the increasing prevalence of age-related macular degeneration across the world. The market growth in the segment will be significant over the forecast period.

Multivitamin and Mineral Supplements Market Geography Outlook (Revenue, USD bn, 2021-2026)

  • North America – size and forecast 2021-2026

  • Europe – size and forecast 2021-2026

  • Asia – size and forecast 2021-2026

  • Rest of World (ROW) – size and forecast 2021-2026

North America will have the largest share of the market. The regional market is driven by the rising number of product launches, continuous product innovations, increasing disposable income of consumers, and the growing appeal of leading healthy lifestyles. The US is the key market for multivitamin and mineral supplements in North America. However, the market growth in the region will be slower than the growth of the market in APAC.

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Multivitamin and Mineral Supplements Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.8%

Market growth 2022-2026

USD 3.19 billion

Market structure

Fragmented

YoY growth (%)

3.9

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 41%

Key consumer countries

US, UK, Germany, China, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Abbott Laboratories, Amway Corp., Archer Daniels Midland Co., BASF SE, Bausch Health Companies Inc., Bayer AG, Cargill Inc., Glanbia Plc, Innophos Holdings Inc., International Flavors and Fragrances Inc., Kappa Ingredients GmbH, New Chapter Inc., Otsuka Pharmaceutical Co. Ltd., Pfizer Inc., Pharmavite LLC, Pinnacle Health Nutrition Ltd., Reckitt Benckiser Group PLC, Swisse Wellness Pty Ltd., The Bountiful Co., and ZeaVision LLC.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Application

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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