According to a research report “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″ published by MarketsandMarkets, the global 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, between 2022 and 2027. With the growing demand for nutritious pet food packed with all the micro-nutrients, the demand for vitamin & mineral premixes is witnessing significant growth. Furthermore, it has also been seen that the ownership of pets across the globe is significantly increasing, which is promoting the demand for healthy and nutritional pets, which, in turn, is fueling the demand for vitamin & mineral premixes across the globe.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=78349714
Vitamins segment to account for largest market share in vitamin & mineral premixes market
The vitamins segment accounts for a significant market share in the vitamin & mineral premixes market. Awareness, wide acceptance, and easy availability of different types of vitamins have accelerated the growth of the vitamin premixes market. The most commonly available and preferred vitamin premix blends include vitamins A, C, and E. They have a wide range of applications in the food industry. Also, multivitamin premixes support the growth of the vitamins segment, as consumers prefer a single source for multiple essential nutrients, as against too many individual sources.
Liquid segment projected to grow at a higher CAGR during the forecasted period
Liquid vitamin & mineral premixes are widely used in beverages, healthcare products, and personal care products. These premixes, in water-miscible form, include vitamin A, vitamin AD2, and vitamin AD3. They are used to fortify food products, such as skimmed liquid milk, diet dairy products with low fat content, flavored milk, ice creams, juices, custards, jams, and soft drinks. Oil-soluble liquid premixes are usually preferred for vitamins A, D3, E, and K1.
Feed segment is expected to account for largest market share in vitamin & mineral premixes market
Based on application, the feed segment is likely to dominate the market during the forecast period. Animal feed manufacturers are inclined to attain more animal output because various nutritious ingredients are used in animal feed, including vitamin & mineral premixes. An increase in consumer awareness regarding required pet nutrition has led to the demand for specialty nutrition and condition-specific pet health formulas, such as vitamin & minerals premixes for feed applications. Vitamin & mineral premixes help regulate the biological process of growth and reproduction in the animal body and help in bodybuilding.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.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).
Functional Food Ingredients Market by Type (Probiotics, Prebiotics, Proteins & Amino Acids, Phytochemicals & Plant Extracts, Omega-3 Fatty Acids, Carotenoids, and Fibers & Specialty Carbohydrates), Source, Application, and Region – Global Forecast to 2026
Vitamin D Market by Analog (Vitamin D2, Vitamin D3), Form (Dry, Liquid), Application (Feed & Pet Food, Pharma, Functional Food, and Personal Care), End Users (Adults, Pregnant Women, and Children), IU Strength and Region – Global Forecast to 2027
Customized Premixes Market by Type (Vitamins, Minerals, Amino Acids, Nucleotides, Antibiotics, Fibers), Application (Beverages, Dairy Products, Bakery & Confectionery Products, Nutraceuticals), Form, Function and Region – Global Forecast to 2027
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.
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.
Company Name: MarketsandMarkets Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Address:630 Dundee Road Suite 430
State: IL 60062
Country: United States