Vitamin and Mineral Premixes Market Overview with Regional Growth, Price, and Forecast 2030
Vitamin and Mineral Premixes Market Overview
The Vitamin and Mineral Premixes Market was valued at USD
6.59 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030. The
market will be growing at a CAGR of 5.2% in terms of value. The market will
reach 1,615.76 KT in terms of volume by 2030.
Vitamin and mineral premixes are considered
dry or liquid custom blends of a wide range of vitamins, minerals, or
combinations of vitamins and minerals that are used in food and beverage,
animal feed, healthcare, and personal care applications for enrichment or
fortification purposes to enhance the nutritional value of the products. The
growth of the Vitamin and Mineral Premixes Market overview is attributed to the growing demand for
fortified food & beverage products, the rise in consumption of compound
feed, the growing need for food enrichment due to high processing levels of
food products and customized nature and specificity of individual customer
requirements.
Based on type, the vitamin & mineral combinations
segment of the market dominated the global market in 2022, globally, followed
by vitamin premixes. The food and feed manufacturers’ inclination toward
premixes inclusive of all the essential vitamins and minerals, as opposed to
opting for various vitamin & mineral premix products, drive the market for
vitamin & mineral combinations. The segment will emerge as the
fastest-growing during the forecast period.
Key players
The vitamin and mineral premixes market is reportedly highly
fragmented, with leading companies accounting for only 15%–20% of the market
growth. The global market report qualitatively analyzes the prominent market
players and their preferred development strategies. Key players in the market
are mentioned as follows:
● DSM
(Netherlands)
● Bar-Magen
(Israel)
● Corbion
(Netherlands)
● Nutreco
(Netherlands)
● Burkmann
Industries (US)
● The Wright
Group (US)
● Farbest-Tallman
Foods Corporation (US)
● Zagro Asia
(Singapore)
Market Segmentation
The global vitamin and mineral premixes market overview have
the following functional segments:
By Vitamins:
● Vitamins
● Minerals
● Mineral
blends
By Application:
● Food and
Beverage industry
● Animal
feed industry
● Healthcare
industry
By Region:
● North
America
● APAC
● Europe
● RoW
Regional Analysis
The Asia Pacific region has dominated the vitamin and
mineral premixes market and is projected to grow significantly from 2021 to
2030 in both value and volume. The Chinese region is projected to be the
fastest-growing market in the region. China is emerging as one of the largest
producers and consumers of feed globally, thus increasing the demand for
different fortified feed additives and ingredients, which, in turn, drives the
global expansion of the vitamin
and mineral premixes market size.
Industry News
Vitamins and mineral premixes in the global vitamin and
mineral premixes market are used as ingredients that combine micronutrients for
food fortification. They contain vitamins or minerals or a precise blend of
these two in a wide range of combinations to address the symptoms of
micronutrient deficiencies in humans. Various populations in low- and
middle-income countries tend to suffer from the hidden symptom of micronutrient
deficiencies and inadequacies. The prevalence of these has also been found in
developing nations due to a lack of awareness and prevalent eating habits.
These are likely to have acted as a firm ground for promoting vitamin and
mineral premixes.
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