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Growth Of The Mineral Ingredients Market Is Projected To Touch US$ 935 Million By The End Of 2027

Mineral Ingredients

Mineral Ingredients

The concept of functional foods is providing a paradigm shift to the mineral ingredients market. The demand for functional foods has increased by leaps and bounds in the past half-decade, which in turn has been creating lucrative avenues for the mineral ingredients manufacturers. The growth of other industries where mineral ingredients are finding extensive application such as dairy products and infant formula, have created a conducive environment for growth of mineral ingredients market. Amid safety concerns, companies are channelizing research and development initiatives to scour novel sources of mineral ingredients from seeds and barks of plants, vis-a-vis mineral ingredients traditionally obtained from mining salts. On this backdrop, the global market for mineral ingredients is expected to reach ~ US$ 935 Mn by the end of 2027, growing at a moderate CAGR of about 5.5%.

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Key Takeaways from Mineral Ingredients Market

“Per capita ready to drink beverage consumption, including bottled mineral water and fortified fruit juices has increased rampantly over the past five years. This has swelled revenue margins of raw material suppliers, including those supplying mineral ingredients. While on-the-go beverage consumption is expected to maintain a steady growth trajectory, it is providing a strong foundation for the growth of mineral ingredients demand in the next decade.” states a Fact.MR analyst.

Segmentation

Region
  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • Middle East and Africa
Type
  • Micro Nutrients
  • Macro Nutrients
Form
  • Powder
  • Liquid
  • Other Forms
Application
  • Dairy Products
  • Infant Formula
  • Bakery & Confectionery
  • Functional Food
  • Food Supplements
  • Beverages
  • Other Applications

 

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