Vitamin & Mineral Premixes Market Industry Analysis, Growth Drivers, Leading Players, and Forecast – 2027

 Breaking News
  • No posts were found

Vitamin & Mineral Premixes Market Industry Analysis, Growth Drivers, Leading Players, and Forecast – 2027

December 05
19:18 2023
Vitamin & Mineral Premixes Market Industry Analysis, Growth Drivers, Leading Players, and Forecast - 2027
MarketsandMarkets™
Vitamin & Mineral Premixes Market by Type (Vitamins, Minerals, Vitamin & Mineral Combinations), Application (Food & Beverages, Feed, Healthcare, and Cosmetics & Personal Care), Form (Dry and Liquid), Functionality and Region – Global Forecast to 2027

The vitamin & mineral premixes market is estimated to be valued at USD 7.2 billion in 2022. It is projected to reach USD 9.8 billion by 2027 at a CAGR of 6.4%, in terms of value, during the forecast period. The growth of this market 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 & specificity to individual customer requirements.

Vitamin & Mineral Premixes Market

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=78349714

what is vitamin & mineral premixes?

Vitamin and mineral premixes are blends of essential vitamins, minerals, and sometimes other nutrients. These premixes are created in specific ratios and concentrations to be added to food, beverages, animal feed, or supplements. They ensure that the final product contains accurate and consistent amounts of these nutrients, promoting health and meeting nutritional requirements. Premixes are used in various industries to fortify and enrich products, contributing to overall health and well-being.

Vitamin & Mineral Premixes Market Growth Drivers:

Rising Consumer Awareness: Growing awareness among consumers regarding the importance of a balanced and nutritious diet is a significant driver. As people become more conscious of their health and well-being, there is an increased demand for food and beverage products enriched with essential vitamins and minerals.Prevalence of Micronutrient Deficiencies: Micronutrient deficiencies are a global health concern, and many regions experience inadequate intake of essential vitamins and minerals. This has led to a surge in the demand for fortified food products and, consequently, vitamin and mineral premixes.Functional Foods and Beverages Trend: The increasing popularity of functional foods and beverages that offer health benefits beyond basic nutrition is fueling the demand for premixes. Consumers are actively seeking products that not only satisfy their hunger but also contribute to their overall health and wellness.Growing Aging Population: The aging population is more prone to nutritional deficiencies and health issues, driving the demand for dietary supplements and fortified foods. Vitamin and mineral premixes play a crucial role in formulating products targeted at this demographic to address specific health needs.Expansion in Food and Beverage Industry: The overall growth of the food and beverage industry, including sectors like bakery, dairy, and beverages, contributes to the increased adoption of premixes. Food manufacturers are incorporating these premixes to enhance the nutritional value of their products and meet consumer demands for healthier options.Government Initiatives and Regulations: Government initiatives promoting food fortification to address public health concerns have propelled the market. Regulatory measures mandating the addition of specific nutrients to staple foods have also played a role in boosting the use of vitamin and mineral premixes.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=78349714

North America expected to be largest market for vitamin & mineral premixes market during forecast period

Based on region, North America is expected to be the largest market for vitamin & mineral premixes during the forecast period. The North American market is largely driven by the increase in demand for healthy foods and functional foods & beverages, owing to the low level of exposure to essential nutrients caused by high consumption of processed & convenience foods due to their busy lifestyles. The rise in the incidences of obesity, heart diseases, and other health issues has led to the demand for high-nutrition dietary products. Vitamin & mineral premixes have been finding their way into new product applications, such as cereal-based products, dairy products, nutritional foods, beverages, infant formulas, and dietary supplements.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as DSM (Netherlands), Corbion (Netherlands), Glanbia plc (Ireland), Vitablend Nederland BV (Netherlands), SternVitamin GmbH & Co. KG (Germany), Wright Enrichment Inc. (US), Zagro (Singapore), Nutreco (Netherlands), Farbest-Tallman Foods Corporation (US), Burkmann Industries, Inc. (US), Bar – Magen LTD (Israel), BASF SE (Germany), ADM (US), Innov Ad NV/SA (Belgium), Jubilant Ingrevia Limited (India), and IDENA (France).

Get 10% free customization on this report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=78349714

About MarketsandMarkets™

MarketsandMarketsTM has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/vitamin-mineral-premixes-market-78349714.html

Related Articles

Categories