It has been predicted that the Asia Pacific food minerals market is set to record phenomenal valuation of USD 530 million over the span of 2020 to 2026.
With deteriorating health and a massive upsurge in population across the Asia Pacific region opting for a sedentary lifestyle, need for consumption of proper vitamins and minerals in food products has to a much larger extent, produced a prolific rise in demand for food minerals in the region. Minerals, since ages, have been deemed to play an essential role in maintenance of good health and wellness. They are also considered to be important for the development and growth of immunity system, while also supporting synthesis of hormones and enzymes in the body.
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This can be ascribed to the rising health awareness amongst consumers pertaining to the nutritional benefits of food minerals like zinc, calcium, magnesium, iron, and others. Mentioned below are 3 main product trends that are poised to offer a lucrative growth curve to the overall APAC food minerals in the years ahead:
Prominence of zinc food minerals for overall synthesis and development
One of the main minerals found in food products that support overall development of human body is zinc. Various reports suggest that the zinc food minerals market had acquired a business share of $38.5 million in 2019 and is poised to grow at a CAGR of 4.5 per cent through 2026. This can be attributed to the mineral’s vital role in regulating metabolic activities of DNA and RNA synthesis. Moreover, it is also important for synthesis of protein and genetic material, wound healing, fetal development, sperm production, sexual maturation, and normal growth.
Proliferating need for calcium to strengthen bone health
With an anticipated CAGR of 7.5 per cent over 2020 to 2026, calcium food minerals market are set to register prolific gains in the overall APAC food minerals industry, mainly due to its ability to support the growth and maintenance of bone health, teeth health, blood, and muscle mass. Found in abundance in various natural food sources like cheese, green leafy vegetables, and milk, calcium has been well-acclaimed to help in releasing hormones and other chemicals in the body while maintaining normal heartbeat. In addition to this, the food mineral also reduced risks of hypertension, complementing the expanding business landscape.
Increased demand for magnesium for generating high level energy
Inclusion of magnesium minerals in food products has been doing wonders for people across the region who have been experiencing low energy levels all throughout the day. Touted to be an essential mineral for energy production, oxidative phosphorylation, and glycolysis processes in the body, magnesium is estimated to generate revenue of USD 110 million by the end of 2026.
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Let alone the gush of energy, magnesium also helps in regulating about more than 300 enzyme systems which can perform diverse biochemical reactions in the body, including muscle and nerve function, protein synthesis, blood glucose control, and blood pressure regulation. More so, the mineral is also helpful in monitoring sodium and potassium levels in the body.
All in all, in light of the above mentioned trends and humongous applications in food and beverages and pharmaceuticals industry, the Asia Pacific food minerals market is also likely to grow at a rate of 6 per cent through 2026.
Table of Contents (ToC) of the report:
Chapter 3.Asia Pacific Food Minerals Market Insights
3.1. Industry segmentation
3.2. Industry outlook, 2015 – 2026
3.3. Value Chain
3.4. Regulatory overview
3.5. Market factor analysis
3.5.1. Growth drivers
3.5.2. Growth restraints
3.6. Competition review
3.7. Porter’s analysis
3.8. Raw material analysis
3.9. PESTEL analysis
3.10. COVID-19 Impact of food minerals market, by application
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