The global vitamin and minerals market is predicted to rise at a (CAGR) of 6.46 % from 2022 to 2030

HONGO BUNKYO-KU, Japan - Oct. 3, 2022 - PRLog -- The global vitamin and minerals market was valued at USD 24.54 billion in 2021 and it is predicted to rise at a compound annual growth rate (CAGR) of 6.46 % from 2022 to 2030. The market for vitamins and mineral supplements is expanding as a result of the rising use of dietary supplements in contemporary living. Supplementing with micronutrients like vitamins C and D, zinc, and omega fatty acids within recommended upper safety limits is a safe, efficient, and affordable way to support optimal immune function in patients battling COVID-19 and other respiratory tract diseases.

"Increasing usage of Dietary Supplements Globally Fuels the Market"

Multivitamins, single vitamins, multi-minerals, and single minerals are the four primary categories of vitamin and mineral supplements. A multivitamin is a nutritional supplement that includes all or the majority of the vitamins that the body cannot make on its own. Pharmacies and drug stores, supermarkets and hypermarkets, as well as online channels, are some of the different distribution channels involved. These channels are used for managing one's energy and weight, general health, bone and joint health, gastrointestinal health, immunity, cardiac health, diabetes, anti-cancer, and other conditions.

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Based on geography, the vitamin and minerals market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Recent Developments:

o   January 2020 - Franchise Group, Inc. launched its new product viz. Vthrive to expand the brand line of vitamins, protein, and supplements.

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The following are some of the major market players operating across the globe:

o   Bayer AG (Leverkusen, Germany)

o   Koninklijke DSM N.V. (Heerlen, Netherlands)

o   Archer Daniels Midland Company (Illinois, United States)

o BASF SE (Ludwigshafen, Germany) Glanbia, Plc (Kilkenny, Ireland)

o   Nuleaf Naturals LLC. (Colorado, United States)

o   Herbalife Nutrition (California, United States)

o   Reckitt Benckiser Group plc (Slough, U.K.)

o   NutraMarks Inc. (California, United States)

o   Otsuka Pharmaceutical (Tokyo, Japan)