The global vitamins and minerals market is expected to grow from US$20.16 billion in 2021 to US$21.37 billion in 2022 at a compound annual growth rate (CAGR) of 6.0%. The market is expected to reach US$24.69 billion in 2026 with a CAGR of 3.7%.
North America was the largest region in the vitamin and mineral supplements market in 2021. The Middle East is expected to be the fastest growing region in the forecast period.
The increasing use of dietary supplements in the modern lifestyle is a key factor Driving the growth of the vitamin and mineral supplements market. Nutrition plays an important role in maintaining the balance of the immune system. In addition, supplementation with micronutrients such as vitamins C and D, zinc, and omega fatty acids within recommended safe upper limits is a safe, effective, and low-cost strategy to help support optimal immune function in patients struggling against COVID-19 and other respiratory tract diseases.
For COVID-19 patients, the Indian Research Institute has developed a variety of high-protein and high-fiber foods, including biscuits, bread and rolls. For example, to improve children’s immunity, dietary supplement company Avida Health has launched a chocolate ball functional food in Singapore.
Likewise, a nutritional focus on the immune system could help minimize the impact of the current COVID-19 pandemic and other infections. Therefore, the implementation of dietary supplements in lifestyle is expected to drive the growth of the vitamin and mineral supplements market.
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Furthermore, consumer preference for organic supplements is a key trend in the vitamin and mineral supplement market. There was a suggested transition to vegan and organic eating in 2020, and this trend will soon become a lifestyle for many as COVID-19 continues to impact the world.
North America was the largest region in the vitamin and mineral supplements market in 2021
In this sense, as many people around the world understand that the COVID crisis is associated with the consumption of animal meat, it is estimated that people will become more cautious about the food they eat and this may result in a significant increase in the demand for organic and vegan food products. Indeed, many small and medium-sized companies have started promoting plant-based products and diets in the product space.
For all this, it can be concluded that the coronavirus pandemic is accelerating the trend of organic food supplements.
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