[191 Pages Report] The Vitamin & Mineral Premixes Market size was estimated at USD 12.85 billion in 2023 and expected to reach USD 14.49 billion in 2024, at a CAGR 13.00% to reach USD 30.25 billion by 2030.
Premixes are a complex blend of vitamins, minerals, trace elements, and other nutritious additions to food and feed. Vitamins are essential for biological function and are enzyme cofactors in energy metabolism. Surging demand for livestock products worldwide requires increasing feed supplies, sources, and alternatives. According to the Global Feed Survey, 2021, world compound feed production was 1,187 billion tons in 2020 from 1,176 billion in 2019, valued at around USD 400 billion. As per the United Nations Food and Agriculture Organization, by 2050, the demand for food is estimated to increase by 60%, and production of meat is estimated to rise by nearly 70%, aquaculture by 90%, and dairy by 55% by 2050, creating a demand for animal feed. Moreover, using vitamin & mineral premixes for nitrification of food & beverages and their adoption in nutraceuticals have surged with changing consumer preferences. On the other hand, a stringent regulatory framework established for quality control and the risk of side effects and health concerns due to excess consumption of premixes impedes market growth. However, consumer demand for food and feed products with added value is proliferating the use of vitamin & mineral premixes.
Americas represents a highly developing landscape for the global vitamin & mineral premixes market characterized by rising demand for functional and processed food & beverages owing to the rise in obesity, heart diseases, and other health problems. Awareness initiatives launched by the government regarding the importance of healthy diets make people more aware of manufacturing and using vitamin and mineral premixes. In March 2022, the U.S. Department of Health and Human Services (HHS) and the U.S. Department of Agriculture (USDA) published the Dietary Guidelines for Americans, the nation’s go-to source for nutrition advice. The manufacturers in the region are making continuous efforts to innovate new vitamin and mineral premixes across wide applications such as cereal-based products, nutritional foods, and infant formulas. The growing consumer inclination toward healthy food and the emergence of developing countries as strong feed application consumers are expected to offer significant growth opportunities for players operating in the Asia-Pacific vitamin & mineral premixes market.
The FPNV Positioning Matrix is pivotal in evaluating the Vitamin & Mineral Premixes Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Vitamin & Mineral Premixes Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
The Wright Group Unveils TWG Health & Nutrition
The Wright Group proudly unveils TWG Health & Nutrition, a cutting-edge collection of vitamin and mineral premixes. TWG Health & Nutrition offers thoughtfully developed nutrition solutions with carefully selected ingredients to meet market demands for fortification blends tailored to specific demographics and lifestyles. They seek to provide solutions that are advanced nutritionally, have simple applications, and are highly cost effective. As they continue to grow their portfolio of offerings, The Wright Group will be among the forefront of innovators in the industry offering high quality nutrition premixes that address a wide range of dietary needs. [Published On: 2022-11-04]
Barrington Nutritionals to partner with WIN America
Barrington Nutritionals recently announced a new partnership with WIN America, a leading name in the vitamin and mineral premixes industry. This collaboration promises to provide customers with an improved selection of products that have been expertly formulated using the highest quality ingredients. The two companies are committed to their customers’ success by leveraging their combined knowledge and extensive experience in this market. Consumers can now benefit from increased availability and access to better nutrition. With both Barrington Nutritionals and WIN America offering top-of-the-line products, people can ensure that they are receiving a high-quality product at an optimal price point. Together, the two companies are committed to delivering industry-leading solutions backed by reliable service. [Published On: 2022-10-24]
ADM unveils new premix line in France
ADM, a world leader in nutrition solutions and premixes, has unveiled its new line of vitamin and mineral premixes in France. Designed for use in the food, beverage and dietary supplement sectors, this production line offers solutions that are tailor-made to meet customers’ specialized needs. For example, it can be used to add specialty micronutrients such as minerals or vitamins to products at low levels without affecting texture or taste. With its reliable process times and quality control system, ADM is confident that this line will help businesses increase their output in a safe and efficient manner. This groundbreaking achievement is sure to make an impact on trending food and beverage industry practices seeking to boost consumer health benefits. [Published On: 2022-10-20]
The report delves into recent significant developments in the Vitamin & Mineral Premixes Market, highlighting leading vendors and their innovative profiles. These include Archer Daniels Midland Company, Bar-Magen Ltd., Barentz International BV, BASF SE, BRF S.A., Calico by Vivify Company, Cargill, Incorporated, Chemische Fabrik Budenheim KG, Corbion N.V., Dansk Landbrugs Grovvareselskab A.M.B.A., DuPont de Nemours, Inc., Farbest-Tallman Foods Corporation, Fenchem, Glanbia PLC, H Plus Limited, Hellay Australia Pty. Ltd, Hexagon Nutrition Pvt. Ltd., HRS Kimya, Incoltec, Ingredion Incorporated, Innov Ad NV/SA, Jubilant Life Sciences Limited, Kaesler Nutrition GmbH, Koninklijke DSM N.V., Lek Veterina d.o.o., LycoRed Ltd., MILLBÄKER SAS, Nutreco N.V., Nutri-Link Ltd., Piramal Group, Prinova Group LLC, Prosol S.p.A., RITS Lifesciences Private Limited, Roquette Frères S.A., S.I.N. HELLAS, Spansules Pharmatech Pvt Ltd., SternVitamin GmbH & Co. KG, Sweesy Animal Nutrition Co. Ltd., Vetlife Licking Block and Feed Additives LTD, Vitablend Nederland B.V., VITALAC, Wright Enrichment Inc., Zagro, and Zhejiang Weishi Biotechnology Co.,Ltd..
This research report categorizes the Vitamin & Mineral Premixes Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Form
- Liquid
- Powder
- Function
- Bone Health
- Digestion
- Energy
- Immunity
- Skin Health
- Type
- Minerals
- Vitamin & Mineral Combinations
- Vitamins
- Application
- Bakery Products
- Beverages
- Cereals
- Dairy Products
- Dietary Supplements
- Feed
- Personal Care
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast of the Vitamin & Mineral Premixes Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Vitamin & Mineral Premixes Market?
- What are the technology trends and regulatory frameworks in the Vitamin & Mineral Premixes Market?
- What is the market share of the leading vendors in the Vitamin & Mineral Premixes Market?
- Which modes and strategic moves are suitable for entering the Vitamin & Mineral Premixes Market?
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- Vitamin & Mineral Premixes Market, by Form
- Vitamin & Mineral Premixes Market, by Function
- Vitamin & Mineral Premixes Market, by Type
- Vitamin & Mineral Premixes Market, by Application
- Americas Vitamin & Mineral Premixes Market
- Asia-Pacific Vitamin & Mineral Premixes Market
- Europe, Middle East & Africa Vitamin & Mineral Premixes Market
- Competitive Landscape
- Competitive Portfolio
- List of Figures [Total: 24]
- List of Tables [Total: 386]
- List of Companies Mentioned [Total: 44]
Vitamin and mineral premixes consist of a combination of essential vitamins and minerals that are added to food and beverages. This blend helps increase the nutritional value of your food and, at the same time, ensures that your body gets all the necessary vitamins and minerals. The demand for vitamin and mineral premixes has been increasing steadily due to the growing health concerns among people.
Vitamin and mineral premixes are added to almost all food products, including bread, dairy, beverages, and meat products. They are also used in many supplements. The premixes are designed to provide the exact quantity of vitamins and minerals needed by the human body, which is not always feasible through regular meals.
One of the advantages of adding vitamin and mineral premixes to food products is that the taste, color, and texture of the food remain unchanged. The premixes are usually available in a powdered form and are easily blendable with any food product. As a result, food manufacturers can add premixes to their products without any additional manufacturing time. The cost of adding premixes to food products is also negligible compared to the overall cost of the product.
Vitamin and mineral premixes have gained popularity in recent years, mainly due to their ability to help combat specific health problems. For example, calcium and vitamin D added to food products can prevent osteoporosis, vision supplements can help prevent eye-related diseases, and B vitamins in cereal help boost brain function. Premixes have also helped reduce malnutrition in different parts of the world. Government agencies across the globe have now introduced regulations for the fortification of different food products that contain vitamin and mineral premixes.
Vitamin and mineral premixes are an excellent way to ensure that our daily diet contains all the necessary vitamins and minerals. They have different applications, including being added to fortified products and supplements, and their ability to address specific health issues is something we should all be grateful for. The convenience and benefits of adding premixes to food products have helped mitigate malnutrition amongst other health problems. As the demand for such products continues to increase rapidly, it is essential to regulate their use, and manufacturers, government agencies, and consumers play an integral part in ensuring their benefits are maximized.
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