North America Minerals (Nutraceuticals) Market is Projected to Grow at a CAGR of 7.0% from 2014 to 2019

Date: 2015-07-24

“The North America minerals (nutraceuticals) market is projected to grow at a CAGR of 7.0% from 2014 to 2019. Although, the minerals market in North America is growing at significant rate, some constraints such as quality control issues are acting as major market barriers. These quality control issues are observed in minerals as well as vitamins imported from China, which are especially used in pet food. This acts as a major restricting factor hampering the growth of the minerals market in the North American region.

In this report, the North America minerals (nutraceuticals) market has been broadly classified with respect to application and geography. According to application, the market is categorized into functional food, functional beverages, dietary supplement, animal nutrition, and personal care. Increasing adoption of minerals (nutraceuticals) in supplementary food and personal care has become a major diving factor influencing the growth of the North America minerals market. 

U.S. is considered as the most dominant region in the North American minerals market, accounting for a market share of 55.6%, followed by Canada. Rise in the number of ageing population and increasing healthcare costs are significant factors affecting the growth of the minerals market in this country. 

Major companies contributing to the overall growth of the market are Archer Daniels Midland Co. (U.S.), Cargill Inc., Royal DSM (Netherlands), BASF SE (Germany), DuPont (U.S.), Archer Daniels Midland Co. (U.S.), and Ingredion Inc. among others. 

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