According to the Graphical Research new growth forecast report titled “Asia Pacific Food Minerals Market Size By Product (Zinc [Zinc Acetate, Zinc Oxide, Zinc Chloride, Zinc Citrate, Zinc Sulfate], Magnesium [Magnesium Sulfate, Magnesium Citrate, Magnesium Chloride, Magnesium Oxide], Calcium [Calcium Carbonate, Calcium Phosphate, Calcium Citrate, Calcium Chloride], Iron [Ferrous Sulphate, Ferrous Gluconate, Ferrous Fumarate, Ferrous Lactate]), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026”, Share to Generate USD 530 Mn by 2026.
Asia Pacific food minerals market size may surpass USD 530 million by 2026. Rising health awareness among consumers regarding the nutritional benefits of food minerals are the key factors for the market growth. Minerals play an essential role in the maintenance of good health and wellness.
Minerals are obtained from the diet consumed by the body such as, fruits, vegetables, milk and other healthy food items. Growing consumer preference for vegan diet, which offers several required nutrients for the body, this will lead the global food minerals market growth.
Minerals like iron, calcium, zinc help build strong bones and teeth. Food products as such milk, cheese, bakery products, green leafy vegetables, and fish are rich source of calcium & iron. Phosphorous and magnesium perform key metabolic activities in the human body and are the main component of bones. Phosphate and iron maintain balance between acid and base, to maintain the metabolic activity within the body. Various minerals such as calcium, magnesium, zinc, and phosphate are used to make hormones and enzymes.
Zinc food minerals market size was valued at over USD 38.5 million in 2019 and is expected to witness gains over 4.5% by 2026. Zinc plays a vital role in regulating metabolic activities of RNA & DNA synthesis. It is essential for the synthesis of protein & genetic material, allows taste perception, wound healing, normal fetal development, production of sperm, normal growth and sexual maturation, and immune system health. The aforementioned factors will foster the growth of zinc minerals market in Asia Pacific.
Rising awareness about mineral deficiencies, and changing lifestyle are the major factors which should drive food minerals market growth. Improving lifestyle, disposable income, increasing awareness about healthy and nutritional diet among consumers will foster product demand. Furthermore, excessive intake of minerals and vitamins has some side effects such as nausea, heartburn, headache, insomnia etc. Also, stringent regulatory policies by governing authorities are key factors expected to restrain food minerals market growth.
Increasing demand nutritional food to maintain a healthy lifestyle, this will boost the market growth in Asia Pacific. The regional food minerals industry was valued over USD 370 million in 2019. Asia Pacific market is expected to grow significantly on account of, growing food & beverage sector in India, China, and Japan owing to population growth, and growing adoption of hectic lifestyles which is the key factor for driving the growth of food minerals market.
The major players include in the Asia Pacific Food Minerals Market are Cargill, Incorporated. Sigma Minerals Ltd.,Eisai Co., Ltd., , Waitaki Bio, ABF Ingredients,SPI Pharma, AB Enzymes, among others.