Vitamin and Mineral Market Definition
The vitamin and mineral market is a crucial branch of the nutraceutical industry. This industry deals in the manufacturing and distribution of essential vitamins and minerals around the world. There are several types of products manufactured by this industry, including vitamin A, vitamin B, vitamin C, and vitamin D. They are found in several forms, such as capsules, tablets, powders, and liquids. These substances are available in supermarkets, convenience stores, pharmacies, online platforms, and other places. The rising demand for herbal supplements in different parts of the world has boosted the market growth. This market is expected to rise significantly with the growth of the healthcare industry across the world.
The growing demand for multivitamins, calcium supplements, iron supplements, magnesium supplements, and some others in different parts of the world has boosted the market growth. Also, the rising adoption of wellness products, along with rapid innovations in the nutraceutical sector, has played a crucial role in shaping the industrial landscape. Moreover, the increasing application of these substances for treating several diseases such as cancer, CVD, arthritis, obesity and some others is expected to boost the growth of the vitamin and mineral market. The advancements in microencapsulation technology along with increased prevalence of micronutrient deficiencies is expected to create opportunities for the market players in the upcoming years.
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