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VIEW MORE+How is the mineral supplement market?
As patients with chronic diseases such as cancer, osteoporosis, anemia, and osteoporosis constitute a large proportion of the population, increasing adoption of mineral supplements to manage chronic diseases is expected to drive the market . The growing trend of adopting preventive health management practices due to the increasing prevalence of lifestyle diseases is driving the market growth. According to data released by the World Health Organization, diabetes caused 1.5 million deaths in 2019, 48% of which occurred before the age of 70. The rise in the number of fitness clubs and rising awareness about healthy lifestyles is further driving the market growth. Therefore, the mineral supplement market is very potential.
Current demand for mineral supplements for people’s health
1. More and more people are adopting a sedentary lifestyle, coupled with increased intake of unhealthy diets, leading to an increase in the number of people suffering from nutritional deficiencies. The human body requires different proportions of minerals to function properly. Deficiency of these minerals can lead to different types of health problems such as fatigue, weak bones, and a weakened immune system. Iron deficiency is the most common problem among the U.S. population, according to Nutrition Facts.
2. People’s health awareness increases; in addition to more and more people becoming aware of the benefits of mineral supplements, major market players are also focusing on innovative product development and research on exotic ingredients. The growing trend of plant-based products further brings growth opportunities to the market. Additionally, to manage metabolic disorders, consumers are opting for personalized preventive products and services.
3. The driving role of external factors; such as the outbreak of the COVID-19 pandemic, which has led to an increase in demand for mineral supplements, and this infection has a negative impact on people who are mineral deficient. Recent research shows that giving mineral supplements at higher than recommended doses can help COVID-19 patients reduce viral loads and hospitalizations. As a result, it has resulted in a massive launch of new products to meet the growing demands of consumers. However, sales of counterfeit products are expected to hinder the growth of this market. The economic crisis and political conflict have disrupted supply chains, leading to an increase in production of cheap, locally made products. The growing demand and easy availability of mineral supplements has further led to an increase in counterfeit products.
So we need real mineral supplement manufacturing, and when real mineral supplements are put into people's hands, they realize how mineral deficient we are.
How much do mineral supplements cost to manufacture?
Mineral supplements are a general concept. There are 7 types of minerals that are necessary for the human body. Therefore, if we simply talk about the manufacturing price of mineral supplements, we will not display it. Instead, we will talk about the manufacturing price of calcium supplements or the manufacturing price of iron-containing supplements. Some supplements are not manufactured separately and may be mixed with other dietary supplements. Therefore, it is difficult to simply define the price of a certain mineral supplement. It also depends on the extraction technology, purchased raw materials, research and development costs of scientific researchers, packaging and design. Costs, personnel salary costs, logistics and transportation costs, these costs combined together are probably the basic price of minerals. Of course, every mineral supplement manufacturer needs to make money, so the price will increase by 50%-200% on the basic price. This is a very real problem. Of course, each mineral supplement manufacturer will also set its price based on its own actual situation. It is difficult for us to uniformly say how much it costs to manufacture mineral supplements. You have to consult your mineral supplement manufacturer for details, but choosing the right price will help us entrepreneurs or distributors better carry out marketing activities.
What mineral supplement manufacturers do we choose?
Based on the above analysis, you can start from the following points
1. Price. The mineral manufacturing price set by each manufacturer reflects the comprehensive strength of the manufacturer. For example, the price of mineral supplements produced using expensive raw materials is relatively reasonable, so this supplement manufacturer The business strength is relatively strong because they have rationally planned and utilized the raw materials to produce the maximum value.
2. Qualifications. Manufacturers with complete qualifications are often more reliable, such as EU GDP, HACCP, FDA, and the qualifications of third-party certification agencies. These qualifications reflect the ability of mineral supplement manufacturers to produce.
3. In addition, we also need to inspect the factory environment and equipment, staffing, company services, logistics and transportation, etc. The more detailed we understand, the closer we can get to our ideal mineral supplement manufacturer.
4. On-site inspections or exhibition visits; this kind of information is more reliable, after all, it is real. When we still have doubts about mineral supplement manufacturers, we might as well go on-site inspections. After all, the Internet’s knowledge is limited. .
It can be seen from this that when we are thinking about the manufacturing price of mineral supplements, we might as well contact more mineral manufacturers so that we can make a decision which manufacturer to cooperate with. For example, Pesicon is an old supplement manufacturer with rich experience. The strength is also strong, let's learn more about it to achieve a win-win situation.
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