New York, US, March 28, 2023 (GLOBE NEWSWIRE) -- Vitamin and Mineral Premixes Market Overview:
According to a Comprehensive Research Report by Market Research Future (MRFR), Vitamin and Mineral Premixes Market Information by Type, Form, Application, and Region - Forecast till 2030”, Vitamin and Mineral Premixes Market could thrive at a rate of 5.20% between 2023 and 2030. The market size will be reaching around USD 1.5 Billion by the end of the year 2030.
Market Synopsis
The vitamin and mineral premixes are made to meet the livestock's dietary needs. These premixes' preparation requires particular attention to animal needs, the numerous alterations brought on by genetic lines, and adaptation to market demands. Most vitamins and minerals aren't generally consumed in amounts sufficient for most people to meet their needs. Vitamin, calcium, potassium, and other nutrients are among those that are deemed to be nutrients of public health concern because low intakes are linked to certain health concerns. Vit and mineral premixes are mainly used in fortified and functional foods. When ingested at adequate levels as a standard component of a varied diet, this food can be regarded as a whole, fortified, or enriched food that offers health advantages beyond basic nutrients like vitamins and minerals.
Due to growing health consciousness, the demand for fortified food and beverages is expanding from the middle-class working population. As a result, producers use vitamin and mineral premixes more frequently to create fortified, healthful products that are low in calories and cholesterol.
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Report Scope:
| Report Attribute | Details |
| Market Size in 2030 | USD 1.5 billion |
| CAGR | 5.2% |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2021 |
| Forecast Units | Value (USD billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | by Type, Form, Application, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Adoption of more dietary supplements |
| demand for the rise of food and beverage |
Market Competitive Landscape:
The affluent companies in the Vitamin and Mineral Premixes industry include
- Koninklijke DSM of the Netherland
- Corbion NV of the Netherlands
- Glanbia PLC of Ireland
- Chemische Fabrik Budenheim KG of some of the German region
- Farbest Brands of the United States
- Watson Inc. of the United States
- SternVitamin GmbH and Co. KG of Germany
- Wright Enrichment Inc. of the United States
- Vitablend Nederland BV of Netherlands
- Nutreco NV of Netherlands
June 2022
The first bio-based Vitamin A was introduced by DSM (Netherlands) and had a wide range of uses in cosmetics and personal care items. This aligns with DSM's goal of having carbon-neutral products by 2050.
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Market USP Covered:
Market Drivers:
During the vitamin and mineral premixes market lifetime period, the rise in food demand in the food and beverage industry has aided in boosting the market growth for vitamins and minerals. More people using nutritional supplements has accelerated the market's growth. The demand for products across the board in the animal feed business is being boosted by growing awareness of issues related to animal health.
Market Restraints:
The high costs of the vitamin and mineral mixture and the adoption of certain regulatory actions constrain the market growth of vitamin and mineral premixes. Some health problems, including infertility and live-weight gain, may be brought on by milk with low nutritional value. Malnutrition results from a rise in anaemic circumstances caused by a decline in specific nutritional elements.
COVID 19 Analysis
The COVID- 19 pandemic negatively impacted numerous economies. For further information, see the website. In the first quarter of 2020, sales of vitamin and mineral premixes decreased due to delays in logistics and transportation. Supply chain disruptions in all areas, including raw materials, production, packaging, and distribution, impacted the market for vitamin and mineral premixes.
It is a fact that there is no such thing as a free lunch, that the world has become a very small place, and that the world is a very small place. Lockdowns impeded the transport of cattle, feed, and feed materials. Farmers were also concerned about the reduced availability of animal feed, which prompted livestock farms to store feed supplies in bulk rather than the usual one or two days' worth that they usually do.
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Market Segmentation
By Type
The types in the market include Vitamins, Minerals, and Vitamin and Mineral Blends.
By Form
Powder and liquid have been the top industry Forms in the study.
By Application
Food & beverage, animal feed, healthcare, are the major applications available in the worldwide market.
Regional Insights
Asia Pacific is a major producer and consumer of feed, and the rise in demand for fortified feed additives and components drives the industry. The demand for vitamin and mineral premixes in Asia-Pacific is also anticipated to increase as a result of the region's expanding compound animal feed industry, expanding economy, rising demand for fortified food products in emerging and developing nations like Indonesia, India, and Thailand, as well as rising investments from significant regional players.
The North America market is growing because of the rising consumption of processed and convenience foods, which is a result of consumers' busy lifestyles, there is a greater demand for nutritious foods and functional meals and beverages.
Europe market is growing for vitamin and mineral premixes due to the growing demand for high-nutrition nutritional products has increased due to the prevalence of obesity, heart disease, and other health problems. Premixes of vitamins and minerals are increasingly used in new product categories, including cereal-based goods, dairy goods, nourishing foods, drinks, infant formula, and dietary supplements.
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