The Europe Mineral Supplements Market would witness market growth of 4.7% CAGR during the forecast period (2023-2030).
The mineral supplements market refers to the industry producing, distributing, and selling dietary supplements containing essential minerals. These supplements are formulated to provide individuals with additional amounts of specific minerals that may be lacking in their regular diet.
Moreover, calcium and vitamin D supplements are commonly used to support bone health. They are crucial in maintaining bone density and preventing osteoporosis, especially in aging populations. Iron supplements are prescribed to individuals with iron deficiency anaemia.
Eurostat reported that in 2022, the European Union's gross household-adjusted disposable income reached €11,586 billion, constituting approximately 73.3% of the gross domestic product (GDP). Among the EU member states France contributed the largest share to the gross household-adjusted disposable income, accounting for 18.3%, followed by Italy with 13.0%. Rising disposable income in Europe positively impacts the mineral supplements market by fostering increased consumer spending on health and wellness products.
The Calcium market dominated the Europe Mineral Supplements Market by Product in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,347.3 million by 2030. The Zinc market is experiencing a CAGR of 5.9% during (2023 - 2030). Additionally, The Chromium market would exhibit a CAGR of 8.2% during (2023 - 2030).
Free Valuable Insights: The Global Mineral Supplements Market will Hit USD 23.7 billion by 2030, at a CAGR of 5.4%
Based on Sales Channel, the market is segmented into Pharmacies & Drug Stores, Supermarkets & Hypermarkets, and Online Channels. Based on Formulation, the market is segmented into Tablet, Capsule, Powder, Liquid/Gel & Others. Based on Application, the market is segmented into General Health, Bone & Joint health, Gastrointestinal Health, Immunity, and Others. Based on End-use, the market is segmented into Adults, Geriatric, Pregnant Women, Children, and Infants. Based on Product, the market is segmented into Calcium, Zinc, Chromium, Magnesium, Selenium, Iron, Potassium, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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