A systematic survey of 161 known and postulated minerals originating on Mars points to 20 different mineral‐forming processes (paragenetic modes), which are a subset of formation modes observed on Earth. The earliest martian minerals, as on Earth, were primary phases from mafic igneous rocks and their ultramafic cumulates. Subsequent primary igneous minerals were associated with products of limited fractional crystallization, including alkaline and quartz‐normative lithologies. Significant mineral diversification occurred via precipitation of primary phases from aqueous and atmospheric fluids, including authigenesis, hydrothermal and cryogenic precipitation, and evaporites, including freeze drying during eras of low atmospheric pressures. In particular, hydrothermal mineral formation associated with both volcanic fluids and sustained hydrothermal activity in impact fracture zones may have triggered significant mineral diversification, though as yet undocumented. At least 65 such primary minerals have been identified by flown missions to Mars and from martian meteorites. A host of secondary martian minerals were produced by near‐surface processes related to water/rock interactions, including hydration/dehydration, oxidation/reduction, serpentinization, metasomatism, and a variety of diagenetic alterations. Additional mineral diversity resulted from metamorphic events, including thermal and shock metamorphism, lightning, and bolide impacts. However, several dominant sources of mineral diversity on Earth, including: (1) extensive fluid/rock interactions and element concentration associated with plate tectonics; (2) high‐pressure regional metamorphism associated with plate tectonics; and (3) biologically mediated mineralization—are not known to be in play on Mars. Consequently, we estimate the total mineral diversity of Mars to be an order of magnitude smaller than on Earth.