Mineral Ingredients Market
By Type;
Macro Minerals and Micro MineralsBy Form;
Powder, Liquid and OthersBy Application;
Pharmaceutical, Functional Food & Beverage, Supplements, Animal & Pet Food, Personal Care and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Mineral Ingredients Market Overview
Mineral Ingredients Market (USD Million)
Mineral Ingredients Market was valued at USD 6,516.32 million in the year 2024. The size of this market is expected to increase to USD 9,701.49 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.9%.
Mineral Ingredients Market
*Market size in USD million
CAGR 5.9 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 5.9 % |
Market Size (2024) | USD 6,516.32 Million |
Market Size (2031) | USD 9,701.49 Million |
Market Concentration | Medium |
Report Pages | 345 |
Major Players
- Cargill, Incorporated
- Archer Daniels Midland Company (ADM)
- BASF SE
- DuPont de Nemours, Inc.
- Kerry Group plc
- Koninklijke DSM N.V. (DSM)
- Corbion N.V.
- Glanbia plc
- Tate & Lyle PLC
- Ingredion Incorporated
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Mineral Ingredients Market
Fragmented - Highly competitive market without dominant players
The Mineral Ingredients Market is witnessing robust expansion, primarily driven by the growing demand for nutritional supplements and functional foods. With minerals playing a vital role in supporting bone health, metabolism, and immune function, the adoption of fortified products has significantly increased. Nearly 55% of consumers actively seek products enriched with essential minerals, reflecting a shift toward healthier lifestyle choices and preventive healthcare solutions.
Rising Demand for Functional Nutrition
The market is strongly influenced by the rising awareness of dietary deficiencies and their long-term health impact. Consumers are increasingly incorporating functional nutrition into their daily routines, with around 50% of fortified food products now including added mineral content. This growing trend demonstrates how mineral ingredients have become a key differentiator for brands aiming to deliver targeted health benefits.
Role in Preventive Healthcare
The emphasis on preventive healthcare is fueling demand for mineral-based formulations. Studies indicate that more than 45% of healthcare professionals recommend mineral supplements to address common deficiencies such as iron, zinc, and calcium. This proactive approach highlights how mineral ingredients are not only essential for general well-being but also critical in reducing the risk of chronic health conditions.
Innovation in Product Formulations
Technological advancements in food science and pharmaceuticals are shaping the development of mineral-enriched solutions. Innovations such as nano-encapsulation and bioavailability-enhanced formulations are improving absorption rates, making products more effective. Nearly 40% of new product launches in this space focus on enhanced delivery methods, underlining the importance of innovation in driving consumer adoption.
Future Growth Outlook
The mineral ingredients market is poised for sustained growth as consumer preferences continue to align with health-conscious living and functional wellness. With increasing investment in research and development, along with strong collaboration between nutraceutical and food industries, the market is expected to deliver advanced solutions that cater to evolving dietary needs. As a result, more than 50% of new product innovations emphasize minerals as a core component of health-focused offerings.
Mineral Ingredients Market Recent Developments
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In August 2022, ADM revealed a partnership with Benson Hill, a leading food technology firm, aimed at scaling innovative soy ingredients to meet the escalating demand for plant-based proteins. This collaboration will cater to various plant-based food and beverage markets. Under an exclusive North American licensing agreement, ADM will process and commercialize a range of proprietary ingredients sourced from Benson Hill's Ultra-High Protein (UHP) soybeans. This strategic alliance is poised to broaden the brand's product portfolio significantly.
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In July 2022, BASF SE announced a significant expansion of its vitamin A formulation capacities at its Verbund site in Ludwigshafen. The augmentation of capacities for vitamin A powder aligns with the increased production capacity for vitamin A acetate. This expansion strategy is expected to bolster the company's revenue and market share in the animal nutrition segment.
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In February 2022, International Flavors & Fragrances Inc. (IFF) unveiled its agreement to acquire Health Wright Products, LLC, a renowned manufacturer of custom formulations, encapsulation, and packaging solutions for probiotic products. This strategic acquisition will enhance IFF's capabilities in formulating probiotics, natural extracts, and botanicals within its Health & Biosciences division.
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In November 2021, Kerry announced the introduction of Emulgold Fibre, a naturally sourced, soluble dietary fiber targeted at the white bread manufacturing market. Derived from a natural resin sourced from the acacia tree, this product offers a high concentration of soluble dietary fiber, with a minimum content of 85%. The launch of Emulgold Fibre represents a significant expansion of Kerry's product portfolio, catering to the growing demand for functional ingredients in the food industry.
Segment Analysis
This report extensively covers different segments of Global Mineral Ingredients Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).
The segmentation by type encompasses a wide range of minerals crucial for human nutrition and health, including calcium, magnesium, iron, zinc, potassium, and others. This segmentation allows stakeholders to analyze specific mineral categories individually, understanding their respective market trends, demands, and growth prospects.
The segmentation by application reflects the diverse uses of mineral ingredients across various industries. These applications span across food and beverage, pharmaceuticals, dietary supplements, cosmetics, and animal nutrition sectors, among others. By categorizing the market based on application, businesses can tailor their strategies to target specific industries and capitalize on emerging opportunities within each segment.
The geographical segmentation provides insights into regional dynamics and market trends. The global mineral ingredients market exhibits varying growth patterns across different regions, influenced by factors such as dietary habits, regulatory frameworks, economic development, and consumer preferences. By analyzing regional nuances, market players can devise region-specific strategies to maximize their market penetration and profitability.
Global Mineral Ingredients Segment Analysis
In this report, the Global Mineral Ingredients Market has been segmented by Type, Form, Application and Geography.
Global Mineral Ingredients Market, Segmentation by Type
The Global Mineral Ingredients Market has been segmented by Type into Macro Minerals and Micro Minerals.
Macro minerals, also known as major minerals, constitute an essential component of the human diet, required in relatively large amounts for optimal health and physiological functioning. These include minerals such as calcium, magnesium, phosphorus, sodium, potassium, and chloride. Macro minerals play critical roles in bone health, nerve function, muscle contraction, fluid balance, and various metabolic processes within the body. Given their significance in maintaining overall well-being, macro minerals command substantial attention from both consumers and manufacturers in the food, beverage, and dietary supplement industries.
On the other hand, micro minerals, commonly referred to as trace minerals or micronutrients, are required in smaller quantities but are equally vital for sustaining health and vitality. Micro minerals encompass essential elements such as iron, zinc, copper, selenium, iodine, chromium, and manganese, among others. Despite being present in minute amounts, these minerals serve essential functions, acting as cofactors for enzymes, participating in immune function, supporting antioxidant defense mechanisms, and contributing to various physiological processes. Their role in promoting health and preventing deficiencies underscores their significance in both human and animal nutrition.
Global Mineral Ingredients Market, Segmentation by Form
The Global Mineral Ingredients Market has been segmented by Form into Powder, Liquid, and Othe
The Global Manganese Mining Market has been segmented by technique into Beneficiation, Sintering, and Agglomeration, each playing a crucial role in the extraction, processing, and utilization of manganese ore. Beneficiation is a vital technique in manganese mining, involving the process of improving the ore by removing impurities and enhancing its quality. This process includes various methods such as gravity separation, magnetic separation, and flotation, all aimed at increasing the manganese content in the ore to make it suitable for industrial use. Beneficiation is particularly important because manganese ore often exists in combination with other minerals, and its economic viability depends on the concentration of manganese within the ore. By upgrading the ore, beneficiation ensures that manganese extracted is of high quality, which is essential for its use in steel production, batteries, and other industrial applications. Sintering, another key technique, involves heating the manganese ore without melting it to create a solid mass of material. This process is crucial for preparing fine manganese ore for the blast furnace in steel production, as it enhances the physical and chemical properties of the ore. Sintering reduces waste, improves efficiency, and ensures that the ore can withstand high temperatures during the smelting process.
The sintered manganese is highly sought after in the steel industry due to its improved strength and durability, making it an indispensable part of steel manufacturing. Agglomeration, the third technique, involves the process of particle size enlargement, where fine manganese particles are agglomerated into larger, more manageable lumps or pellets. This technique is essential for handling and transporting manganese ore, as it reduces dust generation, minimizes material losses, and enhances the overall efficiency of the mining and smelting processes. Agglomeration techniques such as pelletizing and briquetting are commonly used in the manganese mining industry to ensure that the ore is in an optimal form for further processing and use. Each of these techniques contributes significantly to the efficiency, sustainability, and economic viability of manganese mining. Beneficiation ensures the extraction of high-quality manganese, sintering prepares the ore for high-temperature applications, and agglomeration facilitates easier handling and transport. Together, these techniques enable the manganese mining industry to meet the growing global demand for manganese, particularly in the steel industry, where manganese is an essential component due to its strength, durability, and resistance to wear. Additionally, with the increasing use of manganese in batteries, especially in the production of lithium-ion batteries for electric vehicles, the importance of efficient and sustainable manganese mining techniques cannot be overstated. The segmentation of the Global Manganese Mining Market by technique highlights the industry's commitment to innovation, efficiency, and environmental sustainability, ensuring that manganese remains a vital resource for various industrial applications worldwide. As the demand for high-quality manganese continues to rise, the adoption of advanced beneficiation, sintering, and agglomeration techniques will play a pivotal role in shaping the future of the manganese mining industry, driving growth, and ensuring that the industry meets the evolving needs of the global market.
Global Mineral Ingredients Market, Segmentation by Application
The Global Mineral Ingredients Market has been segmented by Application into Pharmaceutical, Functional Food and Beverage, Supplements , Animal and Pet food, Personal Care and Others.
The pharmaceutical sector, mineral ingredients find application in the formulation of various medications, supplements, and health products aimed at addressing specific nutritional deficiencies, supporting overall wellness, and managing chronic health conditions. These minerals play a crucial role in promoting bone health, cardiovascular function, and immune system support, among other therapeutic benefits.
The functional food and beverage industry represents a significant application area for mineral ingredients, with fortified products catering to consumers' growing demand for health-conscious options. Minerals such as calcium, magnesium, iron, and zinc are commonly incorporated into functional foods and beverages to enhance their nutritional profile and confer specific health benefits. From fortified juices and dairy products to protein bars and cereals, mineral-fortified offerings appeal to health-conscious consumers seeking convenient and nutritious dietary options.
Moreover, the supplements market represents another key application segment for mineral ingredients, with dietary supplements offering a convenient and targeted approach to meeting daily nutritional requirements. Mineral supplements come in various forms, including tablets, capsules, powders, and liquids, providing consumers with a convenient way to address specific nutritional needs or deficiencies. These supplements play a vital role in supporting overall health and well-being, particularly in populations with limited access to nutrient-rich foods or those with increased nutritional requirements.
Furthermore, mineral ingredients find extensive use in animal and pet food formulations, where they contribute to the nutritional balance and health of companion animals and livestock. Minerals such as calcium, phosphorus, potassium, and trace minerals play essential roles in supporting bone health, muscle function, energy metabolism, and overall growth and development in animals. With pet owners increasingly prioritizing the health and well-being of their furry companions, mineral-fortified pet foods and supplements have witnessed growing demand in recent years.
Additionally, mineral ingredients are utilized in personal care products, including skincare, hair care, and oral care formulations, where they offer various benefits such as moisturization, anti-aging properties, and scalp health. Minerals like zinc oxide and titanium dioxide are commonly used in sunscreens for their UV-blocking properties, while others such as magnesium and calcium are incorporated into bath salts and skincare products for their soothing and revitalizing effects.
Global Mineral Ingredients Market, Segmentation by Geography
In this report, the Global Mineral Ingredients Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Mineral Ingredients Market Share (%), by Geographical Region, 2023
North America emerged as a prominent player in the market, commanding a significant share owing to the region's robust demand for fortified foods, dietary supplements, and functional beverages. The prevalence of health-conscious consumers, coupled with a well-established food and beverage industry, contributed to North America's dominance in the global mineral ingredients market.
Europe represented another key geographical region, accounting for a considerable share of the market. The region's strong emphasis on health and wellness, coupled with stringent regulatory standards governing food and nutritional products, drove the demand for mineral ingredients in functional foods, pharmaceuticals, and dietary supplements. Moreover, the presence of leading manufacturers and innovators in the region further bolstered Europe's position in the global market landscape.
Asia Pacific emerged as a rapidly growing market for mineral ingredients, fueled by changing dietary preferences, rising disposable incomes, and increasing awareness about the importance of nutrition and wellness. Countries such as China, India, Japan, and South Korea witnessed significant demand for mineral-fortified products, driven by urbanization, lifestyle changes, and a growing focus on preventive healthcare. The burgeoning food and beverage industry in the region, coupled with expanding distribution networks and marketing efforts, contributed to the accelerated growth of the mineral ingredients market in Asia Pacific.
Latin America and the Middle East & Africa regions also contributed to the global market share, albeit to a lesser extent compared to other regions. These regions experienced steady growth in demand for mineral ingredients, propelled by improving healthcare infrastructure, rising consumer spending on wellness products, and increasing urbanization. Despite facing challenges such as economic volatility and infrastructure constraints, Latin America and the Middle East & Africa demonstrated untapped potential for market expansion, offering opportunities for manufacturers and suppliers to capitalize on emerging consumer trends and preferences.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Mineral Ingredients Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Increasing Consumer Awareness about Health and Nutrition
- Technological Advancements
- Growing Demand for Functional and Fortified Foods
- Rising Prevalence of Lifestyle-related Health Issues- The rising prevalence of lifestyle-related health issues represents a significant concern worldwide, exerting a profound impact on public health systems and individual well-being. Sedentary lifestyles, poor dietary habits, and increasing stress levels have contributed to a surge in conditions such as obesity, diabetes, cardiovascular diseases, and metabolic disorders. These health issues not only diminish quality of life but also impose a substantial economic burden on healthcare systems globally. With lifestyle-related illnesses becoming increasingly prevalent across all age groups, there is a growing urgency to address the root causes through proactive measures such as promoting healthy eating habits, encouraging regular physical activity, and raising awareness about the importance of preventive healthcare.
The rising prevalence of lifestyle-related health issues underscores the critical role of nutrition in disease prevention and management. Mineral ingredients play a pivotal role in supporting overall health and well-being, with specific minerals offering targeted benefits for mitigating the risk of chronic diseases. For instance, calcium and vitamin D are essential for bone health and can help reduce the risk of osteoporosis, while magnesium and potassium contribute to cardiovascular health by regulating blood pressure and supporting heart function. As consumers become increasingly conscious of the link between diet and health outcomes, there is a growing demand for functional foods, dietary supplements, and fortified beverages enriched with essential minerals to address specific health concerns and optimize overall wellness. By leveraging the nutritional properties of mineral ingredients, stakeholders can play a vital role in combating the rising tide of lifestyle-related health issues and promoting healthier lifestyles on a global scale.
Restraints:
- Intense Competition in the Market
- Stringent Regulatory Guidelines and Standards
- Challenges in Product Innovation and Formulation- Challenges in product innovation and formulation present significant hurdles for companies operating in the global mineral ingredients market. One primary obstacle is the complexity of formulating products that effectively deliver mineral nutrients while also meeting consumer preferences for taste, texture, and convenience. Achieving optimal mineral bioavailability and stability in various food and beverage matrices can be particularly challenging, requiring extensive research and development efforts to overcome formulation barriers and ensure product efficacy. Additionally, regulatory considerations regarding permissible mineral levels, health claims, and labeling requirements add another layer of complexity, necessitating thorough compliance measures to navigate the evolving regulatory landscape effectively.
Sourcing high-quality mineral ingredients poses a challenge for manufacturers, particularly concerning trace minerals and specialty formulations. Ensuring the purity, potency, and safety of mineral ingredients sourced from diverse suppliers worldwide requires robust quality control measures and supply chain transparency. Additionally, fluctuations in raw material availability and pricing can impact product formulations and profitability, necessitating strategic partnerships and risk mitigation strategies to ensure a reliable supply of mineral ingredients. Despite these challenges, companies that can effectively innovate and navigate the complexities of product formulation stand to capitalize on the growing demand for mineral-fortified products and address evolving consumer preferences for health and wellness offerings in the global marketplace.
Opportunities
- Expansion of Application Possibilities
- Strategic Partnerships, Mergers, and Acquisitions
- Growing Aging Population and Demand- The growing aging population worldwide presents both opportunities and challenges for the global mineral ingredients market. As individuals age, there is an increased awareness of the importance of nutrition in maintaining health and vitality, leading to a heightened demand for mineral-rich supplements and functional foods. Minerals such as calcium, magnesium, and vitamin D are particularly sought after for their role in supporting bone health and preventing age-related conditions such as osteoporosis. Moreover, minerals such as iron and zinc play crucial roles in immune function and cognitive health, further driving demand among aging populations seeking to maintain optimal well-being.
However, catering to the needs of the aging population also poses challenges for manufacturers, including addressing specific nutritional requirements, taste preferences, and dietary restrictions common among older adults. Formulating products that are not only nutritionally balanced but also appealing and convenient for this demographic segment requires innovative approaches and tailored solutions. Additionally, ensuring product safety and efficacy, particularly for vulnerable populations such as the elderly, necessitates rigorous quality control measures and adherence to regulatory standards. Despite these challenges, the growing aging population represents a significant market opportunity for companies in the mineral ingredients industry, incentivizing investment in research and development to meet the evolving needs of this demographic segment.
Mineral Ingredients Market Competitive Landscape Analysis
Mineral Ingredients Market has witnessed significant growth driven by strategies adopted through collaboration and partnerships among key players. Mergers and strategic alliances are fueling market expansion, while companies emphasize innovation to maintain a competitive edge. The market shows increasing adoption rates and a strong future outlook in multiple sectors.
Market Structure and Concentration
The market is characterized by a blend of established leaders and emerging players, with a moderate concentration of brands holding dominant positions. Strategic collaboration and mergers are shaping market shares, while the rest of the market sees fragmented growth. The distribution of players ensures competitive dynamics and fosters technological advancements.
Brand and Channel Strategies
Leading companies leverage robust brand positioning through strategic partnerships and multi-channel expansion. Distribution networks are optimized for growth, integrating both traditional and digital channels. Collaborative marketing and innovative promotional strategies enhance future outlook while strengthening brand visibility and consumer reach across key regions.
Innovation Drivers and Technological Advancements
Continuous investment in innovation and research drives product differentiation and process efficiency. Technological advancements in extraction, formulation, and delivery methods improve performance and quality. Collaborative projects and partnerships accelerate growth while enhancing market strategies, ensuring players remain competitive and adaptable to evolving industry demands.
Regional Momentum and Expansion
Market expansion is strongest in regions showing high consumption and industrial integration. Companies adopt localized strategies and partnerships to optimize market penetration and growth. Regional technological advancements support efficient supply chains, while collaborative initiatives enhance production and distribution, shaping a positive future outlook across diverse markets.
Future Outlook
The market’s future outlook remains robust, fueled by continuous innovation, strategic collaboration, and mergers enhancing competitive positioning. Expansion into emerging regions and adoption of technological advancements are expected to drive sustainable growth. Companies are increasingly focusing on integrated strategies to maintain leadership and ensure long-term market resilience.
Key players in Global Mineral Ingredients Market include:
- Imerys
- BASF SE
- LKAB Minerals
- Solvay S.A.
- Honeywell International Inc.
- Tronox Limited
- Minerals Technologies Inc.
- EMD Performance Materials
- Sibelco Group
- Omya AG
- Clariant AG
- The Quartz Corp
- FLSmidth & Co. A/S
- Rio Tinto Group
- Ashland Global Holdings Inc.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Form
- Market Snapshot, By Application
- Market Snapshot, By Region
- Mineral Ingredients Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Consumer Awareness about Health and Nutrition
- Technological Advancements
- Growing Demand for Functional and Fortified Foods
- Rising Prevalence of Lifestyle-related Health Issues
- Restraints
- Intense Competition in the Market
- Stringent Regulatory Guidelines and Standards
- Challenges in Product Innovation and Formulation
- Opportunities
- Expansion of Application Possibilities
- Strategic Partnerships, Mergers, and Acquisitions
- Growing Aging Population and Demand
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Mineral Ingredients Market, By Type, 2021 - 2031 (USD Million)
- Macro Minerals
- Micro Minerals
- Mineral Ingredients Market, By Form, 2021 - 2031 (USD Million)
- Powde
- Liquid
- Others
- Mineral Ingredients Market, By Application, 2021 - 2031 (USD Million)
- Pharmaceutical
- Functional Food & Beverage
- Supplements
- Animal & Pet food
- Personal Care
- Others
- Mineral Ingredients Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Mineral Ingredients Market, By Type, 2021 - 2031 (USD Million)
- Competitive LandscapeFuture Outlook of the Market
- Company Profiles
- Imerys
- BASF SE
- LKAB Minerals
- Solvay S.A.
- Honeywell International Inc.
- Tronox Limited
- Minerals Technologies Inc.
- EMD Performance Materials
- Sibelco Group
- Omya AG
- Clariant AG
- The Quartz Corp
- FLSmidth & Co. A/S
- Rio Tinto Group
- Ashland Global Holdings Inc.
- Company Profiles