A vitamin is an essential organic micronutrient and is an entity that is important in limited doses to ensure that metabolism is correctly functioning.
A mineral is a chemical substance that species use to perform life functions like an essential nutrient. Vitamins and minerals are vital foods that our body requires for safe working in limited quantities. Vitamin and Mineral Premixes contain diverse blends of vitamins, minerals or vitamin and mineral combinations. It is used to boost the nutritional content of items in foods and drinks, animal feed, wellbeing and personal care applications.
Market Dynamics
Growing demand for fortified and functional is a key factor expected to drive the revenue growth of the global market. In addition, increasing need for food enrichment, growing food and beverages expenditure, availability of specificity and customized customer requirements, increasing per capita income level, improving living standard, are some of the factors driving growth of the global vitamin and mineral premixes market over the next 10 years. In addition, growing demand organic foods among consumer are major factor expected to hamper growth of the global market to a certain extent.
Segment Analysis by Region
In the forecast period, Asia-Pacific is projected to lead the vitamin and mineral premixes market and is projected to be the fastest developing regional segment. In animal feed industries, vitamin and mineral premixes are commonly used and are a significant driving force for the development of the Asian-Pacific industry. China is the world’s largest animal feed market, with the regional vitamin and mineral premixes projected to expand. In addition, growing public health awareness would contribute to the growth of the Asia-Pacific market during the projected period.
The global vitamin and mineral premixes demand in North America is also projected to have a large share. The demand for fortified foodstuffs in the US and Canada fuels the development of North America market in vitamins and minerals. Near to the rising demand for functional food and drinks within Europe, the involvement of key players leads to the development of the market for vitamin and mineral premixes. Growing understanding of the health and wellbeing of different sectors and the increased use of vitamin and mineral premixes is accepted as a catalyst for consumer development around the world.
Report coverage
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Market
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Global Vitamin & Mineral Premixes Market
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Analysis Period
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2016 – 2027
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Base Year
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2019
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Forecast Data
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2020 – 2027
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Market Stratification
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Form, Type, Application, and Geography
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Report Coverage
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Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
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Key Industry Players
Some of the major players in vitamin & mineral premixes market share include Corbion N.V., Farbest-Tallman Foods Corporation, Glanbia plc, Koninklijke DSM N.V., Nutreco N.V., SternVitamin GmbH & Co. KG, Vitablend Nederland BVWatson Foods Co., Inc., Wright Enrichment Inc., Zagro Asia Ltd., and others.
Market Segmentation
Market By Form
Powder
Liquid
Market By Type
Vitamins
Minerals
Vitamin and mineral combinations
Market By Application
Food & beverages
Beverages
Dairy products
Cereals
Bakery products
Others (Confectionery products, soups, snacks, and convenience foods)
Feed
Healthcare
Nutritional products
Dietary supplements
Personal care
Market By Region
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
