In a recent research report by Maximize Market Research, the India Mineral Supplements Market is expected to surpass US $ XX Bn by the year 2027, from US $ 1.04 Bn in 2020.
The India mineral supplements market size was valued at USD 1.04 Bn in 2020 & is expected to expand at a CAGR of 18% during the forecast period. Growing occurrence of mineral insufficiency, mostly calcium, zinc, & iron, & rising awareness regarding health & fitness are the key factors driving the development of Mineral Supplements market. High occurrence of diseases, like osteoporosis, anemia, cancer, & diabetes, is also powering the market growth as these supplements are normally used in the managing of these conditions.
According to MMR study report, more than 200 Mn people were suffering from osteoporosis through the globe. The prevalence of diabetes in India has continued at 11.83 percent in the past 4 years, MMR study also presented that the prevalence of recognized diabetes cases was 8.0 percent & new diabetes cases was 3.8 percent. Males indicated a similar prevalence of diabetes (12 percent) as females (11.7 percent). Known diabetics comprised 67.3 percent members, while 32.7 percent were new diabetics.
Maximum prevalence of diabetes was detected in 70-79 years age group at 13.2 percent. Nearly 40 percent of recognized diabetes were identified 1-4 years back while 5.3 percent of known diabetes cases reported diagnosis within last 1-year. In the study, prevalence of diabetes among sixty three thousand counted population aged up to 50 years in 21 localities, 56,771 or 90.1 percent were assessed for diabetes.
Furthermore, rising consumer inclination to spend more on mineral supplement foodstuffs also donates to market development. According to a customer survey by MMR in 2019, over 30 percent of the India populace was willing to pay more for useful foods fortified with calcium.
India’s move towards Veganism
India has long been pushed as the vegetarian center of the world. And now, like the rest of the world, it is get up to the physical, ethical & economic welfares of plant-based, meat-&-dairy-free food. For numerous decades, India has been the dairy-loving nation. Milk is a significant & exceptional component of nearly all Indian families. But the image is changing now & veganism is gradually being embraced.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Substation Maintenance in the region, the Value – Chain analysis, and the PORTER’s analysis for the Substation Maintenance market at an India level.
The study is consolidated on the basis of segments and further into sub-segments, by Product by End-Users.
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key Players- Glanbia Plc., Nu Skin Enterprises, Inc., E. I. du Pont de Nemours and Company. NBTY, Inc., Koninklijke DSM N.V., BASF SE, Amway and Herbalife, Ltd., Abbott, Nestle, Biovea, Amway, Bayer AG, Atrium Innovations Inc.
Bayer AG, Others
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “India Mineral Supplements Market.”
https://www.maximizemarketresearch.com/market-report/india-mineral-supplements-market/119205/
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