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

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

• U.S.
• Canada

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