#Vitamin Premix

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The global vitamin and 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, between 2022 and 2027.

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Vitamin and Mineral Premixes Market Set to Soar to $12.13 Billion by 2029

Meticulous Research®—a leading global market research company, published a research report titled, ‘Vitamin & Mineral Premixes Market by Type (Vitamin, Mineral), Form (Liquid), Application (Nutritional & Health Supplements {Clinical Nutrition}, Food & Beverages {Beverages, Dairy Products}, Pharmaceuticals) and Geography - Forecast to 2029.’

According to the latest publication from Meticulous Research®, the vitamin & mineral premixes market is expected to reach $12.13 billion by 2029, growing at a CAGR of 4.8% from 2022 to 2029. This market is driven by the increasing focus on health and wellness, rising demand for fortified food and beverages, and the growing adoption of dietary supplements.

1.1                  Market Drivers

1.1.1        Health and Wellness Awareness

The global emphasis on health and wellness is a significant driver for the vitamin & mineral premixes market. Consumers are increasingly aware of the benefits of vitamins and minerals in promoting overall health and preventing deficiencies. This awareness is driving the demand for fortified foods and beverages.

1.1.2        Fortified Foods and Beverages Demand

Manufacturers are increasingly fortifying their products with vitamins and minerals to cater to health-conscious consumers. This trend is particularly strong in regions with high incidences of nutritional deficiencies, where fortified foods can help address public health issues.

1.1.3        Dietary Supplements Adoption

The adoption of dietary supplements is on the rise, driven by consumers' desire to fill nutritional gaps in their diets. The increasing prevalence of lifestyle-related health issues and growing awareness of the benefits of vitamins and minerals are boosting the demand for these supplements.

1.1.4        Compound Animal Feed Demand

The animal feed industry is experiencing growth due to the rising demand for meat and poultry products. Fortified feed products enhance the nutritional value of animal diets, promoting better health and productivity in livestock, particularly in developing regions.

1.2                  Market Challenges

1.2.1        Regulatory Complexity

Regulations regarding the fortification of food and feed products vary by region and can be complex. These regulatory requirements pose challenges for manufacturers in terms of compliance and product development.

1.2.2        High Production Costs

Producing vitamin and mineral-enriched products can be costly, limiting their affordability and accessibility, particularly in price-sensitive markets. This can be a significant barrier to market growth.

1.3                  Growth Opportunities

1.3.1        Consumer Awareness in Developing Regions

Developing countries present significant growth opportunities for the vitamin & mineral premixes market. Rising disposable incomes and increasing consumer awareness of health and nutrition are driving the demand for fortified foods and dietary supplements.

1.3.2        Animal Feed Industry Expansion

The demand for fortified animal feed is growing in developing regions, driven by the expanding livestock industry. Nutrient-rich feed products are essential for maintaining animal health and productivity, making this a key area of growth for the market.

1.4                  Market Segmentation

1.4.1        By Type

The market is segmented into vitamins, minerals, and vitamin & mineral blends. The vitamin & mineral blend segment is expected to register the highest CAGR, driven by consumer preferences for comprehensive nutritional solutions.

1.4.2        By Form

The market is divided into liquid and dry forms. The liquid form segment is projected to grow at the highest CAGR due to its ease of absorption and digestibility, making it a popular choice for functional beverages and geriatric nutrition.

1.4.3        By Application

Applications include animal feed, nutritional health supplements, food & beverages, pharmaceuticals, and other applications. The animal feed segment accounted for the largest market share in 2022, driven by the demand for nutritionally enhanced poultry feed.

1.5                  Regional Analysis

1.5.1        North America

North America is a significant market for vitamin & mineral premixes, supported by high consumer awareness and the presence of major industry players.

1.5.2        Europe

Europe is another key market, with a strong emphasis on health and wellness driving the demand for fortified foods and dietary supplements.

1.5.3        Asia-Pacific

The Asia-Pacific region is expected to register the fastest growth rate. Economic growth, increasing consumer awareness, and rising investments from major players are driving market expansion.

1.5.4        Latin America and the Middle East & Africa

These regions are witnessing growing demand for fortified food and animal feed, supported by improving economic conditions and increasing investments in the food and agriculture sectors.

1.6                  Key Market Players

Prominent players in the global vitamin & mineral premixes market include:

Koninklijke DSM N.V. (Netherlands)

Glanbia, Plc (Ireland)

Corbion N.V. (Netherlands)

Wright Enrichment Inc. (U.S.)

Vitablend Nederland B.V. (Netherlands)

Nutreco N.V. (Netherlands)

SternVitamin GmbH & Co. KG (Germany)

Watson Inc. (U.S.)

Cargill, Incorporated (U.S.)

Archer-Daniels-Midland Company (U.S.)

Jubilant Life Sciences Limited (India)

These companies are focusing on product innovation, strategic collaborations, and expansions to strengthen their market positions and meet the growing demand.

1.7                  Conclusion

The vitamin & mineral premixes market is poised for significant growth, driven by health and wellness trends, rising demand for fortified foods, and increasing adoption of dietary supplements. While regulatory complexities and high costs present challenges, opportunities in developing regions and innovative product offerings are set to propel the market forward.

Download Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5369

Key Questions Answered in the Report-

Which are the high-growth market segments in terms of type, form, application, and region/country?

What was the historical market size for vitamin and mineral premixes across the globe?

What are the market forecasts and estimates for 2022–2029?

What are the major drivers, restraints, opportunities, and trends for the global vitamin & mineral premixes market?

Who are the major players in the global vitamin & mineral premixes market?

How is the competitive landscape, and who are the market leaders in the global vitamin & mineral premixes market?

What are the recent developments in the global vitamin & mineral premixes market?

What are the geographical trends and high-growth regions/countries?

Who are the local emerging players in the global vitamin & mineral premixes market, and how do they compete with the global players?

Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research 

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Vitamin and Mineral Premixes Market Growth, Trends, Report 2022-2029

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global vitamin and mineral premixes market size at USD 7.5 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global vitamin and mineral premixes market size to grow at a significant CAGR of 6.6% reaching a value of USD 11.77 billion by 2029. Major growth factors of global vitamin and mineral premixes market include an increasing focus on healthy eating and the growing popularity of functional foods and beverages. The rising demand for fortified foods and beverages among the aging population is further driving the growth of the market. Also, there is an increasing need for compound animal feed, growing demand for the enrichment or fortification of various products, including food and beverages, animal feed, healthcare, and personal care products with vitamins and minerals and rising acceptance of dietary supplements are expected to boost the expansion of global vitamin and mineral premixes market during the forecast period. However, stringent regulatory frameworks and labeling requirements for vitamin and mineral premixes and excessive costs associated with research and development, as well as sourcing high-quality ingredients are anticipated to restrain the growth of the market.

Global Vitamin and Mineral Premixes Market – Overview

The use of vitamin and mineral premixes has become increasingly popular in a variety of industries, such as personal care, food and beverages, animal food, healthcare, and cosmetics. These premixes are utilized to enhance the nutritional value of food, feed additives, health supplements, and medical products. In the pet food industry, vitamin and mineral premixes are essential ingredients for improving nutritional content and meeting the nutritional requirements of animals. With the outbreak of the pandemic, consumers worldwide have become more health conscious and are increasingly taking nutritional supplements. This trend is expected to continue, driving demand for vitamin and mineral premixes. Advancements in technology have made it easier to formulate and manufacture the premixes, resulting in a variety of innovative products that cater to the changing nutritional needs of both consumers and animals. However, the production of high quality vitamin and mineral premixes requires modern techniques and high quality ingredients, leading to high production costs that may limit their use among small and medium-sized businesses. Despite this, the increasing demand for these premixes is expected to result in further innovations in the industry.

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Impact of COVID-19 on Global Vitamin and Mineral Premixes Market

COVID-19 had a detrimental impact on the global economy, affecting industries such as animal feed, nutrition and health supplements, and food and beverages. The lockdowns and restrictions on movement caused disruptions in logistics and transportation, leading to a slowdown in the sales of vitamin and mineral premixes in the first quarter of 2020. The animal feed industry also faced supply shortages due to restrictions on transportation and concerns over reduced feed supplies, resulting in bulk storage of feed by livestock farms. Despite these challenges, the increased demand for animal feed in 2020 led to an increase in demand for vitamin and mineral premixes. However, supply shortages created barriers to the market's growth. Meanwhile, the food and beverages industry globally continued to feel the impact of the pandemic due to social distancing, self-isolation, and nationwide lockdowns, leading to closures of many establishments. These factors, along with reduced consumption and supply chain disruptions, resulted in a slight decline in the market demand for vitamin and mineral premixes. Nonetheless, online sales played a critical role in sustaining the current market demand.

Global Vitamin and Mineral Premixes Market – By Type

By type, the global vitamin and mineral premixes market is divided into Vitamin Premixes, Mineral Premixes, Vitamin & Mineral Premixes, Amino Acid Premixes, and Nutraceutical Premixes segments. The vitamin and mineral premixes type segment holds the highest share in the global vitamin and mineral premixes market, as premixes are custom blends of a wide range of vitamins, minerals, or combinations thereof, used to enrich or fortify food and beverages, animal feed, personal care, and healthcare products. This customized nature and specificity to individual customer needs have resulted in an increased demand for vitamin and mineral premixes, particularly in the food and beverages industry. The growing consumer awareness about the importance of proper nutrition in maintaining good health and the increasing prevalence of malnutrition and micronutrient deficiencies in developing countries are driving the demand for fortified food and beverage products, which in turn is fueling the growth of the vitamin and mineral premixes market.

Competitive Landscape

Major players operating in global vitamin and mineral premixes market include DSM Nutritional Products, Glanbia plc, Corbion N.V., Archer Daniels Midland Company, SternVitamin GmbH & Co. KG, Watson Inc., Vitablend Netherlands B.V., B&H Biotechnology Co., Ltd., Jubilant Life Sciences Limited, Hexagon Nutrition Pvt. Ltd., The Wright Group, Farbest-Tallman Foods Corporation, Prinova Group LLC, Nutreco N.V., and Preblend Ingredients Inc. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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KOMPOSISI :

ACIDIFER

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LYSINE

NANOMENIRAN

ENZIM FITASE

MAKRO & MIKRO MINERAL

MULTIVITAMIN DOSIS: 3 - 5 Kg/1 Ton Pakan Jadi

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Vitamin and Mineral Premixes Market Dynamics, Growth Factors, and Outlook until 2027

The vitamin and mineral premixes market size 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, between 2022 and 2027. Vitamin & mineral premixes have become crucial ingredients in pet food. They are used to enhance pet food's nutritional content and meet its nutritional requirements. In addition, with the advent of the pandemic, consumers across the globe have become more conscious about their health and have started taking several nutritional supplements. These trends are anticipated to boost the demand for vitamin & mineral premixes over the forecast period.

Vitamin & Mineral Premixes Market Drivers: Growth in compound feed consumption

According to the FAO Food Outlook, global meat production was estimated to be 311.8 million tonnes in 2014, with a year-on-year growth of 1.1%, due to increased meat consumption. To meet the increasing demand for meat products and as a control measure to reduce transportation and management costs, farmers opted to utilize complete feeds to prepare animal feeds. The rise in the prices of feed ingredients, such as wheat, corn, and soybean, has increased the operational costs of farm activities for livestock farmers. Also, the increased consumption of compound feeds for farm animals' growth and development has enabled feed premixes' growth. On-farm feeds using vitamin and mineral premixes are prepared by farmers to provide balanced feed to animals. The usage of feed premixes has also been prompted by the widening quality norms for exported livestock products and increasing awareness among consumers of healthy foods.

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By type, vitamin & mineral combination segment expected to achieve fastest growth during forecast period.

The popularity of vitamin & mineral premixes, compared to individually manufactured vitamin premixes and mineral premixes, can be attributed to the increased consumer preference for blends of different functional ingredients to attain optimum health. Also, one of the factors fueling the growth of this market is the occurrences/prevalence of vitamin & mineral deficiencies and anemia in developing countries. Leading manufacturers are tapping this opportunity and addressing malnutrition by introducing vitamin and mineral premixes blends for various applications.

By form, dry form expected to account for largest share during forecast period.

Vitamin & mineral premixes are widely used in the powdered form, as they are more stable than the liquid form. The convenient packaging of powdered premixes reduces complexities in supply chain processes, resulting in the increased popularity of this form. Powdered premixes are used across an extensive range of feed and food applications, such as low-fat milk powders, bakery products, health drink powders, soup mixes, and dessert mixes. Vitamin & mineral premixes are used by pharmaceutical and personal care companies in their powder form to manufacture tablets, capsules, toothpaste, face powders, lipsticks, and creams.

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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.

Vitamin & Mineral Premixes Market Share:

Key players in this market include 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), IDENA (France), Spansules Pharmatech Pvt. Ltd. (India), Amesi Group (South Africa), SA Premix (South Africa), YesSinergy (Brazil), Phibro Animal Health Corporation (US), DLG (Denmark), Gk Biochemical Corporation (India), Advanced Animal Nutrition Pty Ltd. (Australia), and Credence Remedies Pvt. Ltd. (India).