The Business Research Company’s report on the Vitamin And Mineral Premixes Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the vitamin and mineral premixes market further?
Increasing health awareness will propel the growth of the vitamin and mineral premixes market going forward. Health awareness refers to an individual’s knowledge, understanding, and consciousness regarding health-related topics, issues, and practices. Vitamin and mineral premixes are used to provide highly personalized products efficiently and cost-effectively. Vitamin premixes can contribute to raising health awareness by addressing nutrient gaps and providing targeted nutrient support. For instance, in 2022, according to the Office for National Statistics, a UK-based national statistics organization, UK healthcare expenditure reached approximately $354.88 billion (£283 billion) in 2022, reflecting a nominal increase of 0.7% compared to spending in 2021. Therefore, increasing health awareness is driving the growth of the vitamin and mineral premixes market.
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What are the key factors influencing the forecasted market size of the vitamin and mineral premixes industry?
The vitamin and mineral premixes market size has grown strongly in recent years. It will grow from $8.92 billion in 2024 to $9.5 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to nutritional deficiency awareness, rise in functional foods, global population growth, expansion of the food and beverage industry, and government initiatives for fortification
The vitamin and mineral premixes market size is expected to see strong growth in the next few years. It will grow to $12.71 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to rising demand for personalized nutrition, elderly population growth, expansion of the nutraceutical industry, increased fortification of plant-based products, and focus on immune health. Major trends in the forecast period include advancements in food processing technologies, clean labels and natural ingredients, innovation in delivery formats, collaborations and partnerships, technology integration in manufacturing, and focus on mental health ingredients.
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Who are the leading competitors in the vitamin and mineral premixes market?
Major companies operating in the vitamin and mineral premixes market include Cargill Incorporated, The Archer-Daniels-Midland Company, BASF SE, Koninklijke DSM NV, Glanbia plc, Alltech Inc, Nutreco NV, Barentz International BV, Corbion NV, Kemin Industries Inc., Innovd SA, Hexagon Nutrition Limited, Jubilant Ingrevia Limited, Wright Enrichment Inc., NutraBlend Foods LLC, Pharmline Inc, Burkmann Industries Inc., Promois International, Pristine Organics Private Limited, Bar – Magen Ltd., Nutrilo GmbH, Idena, Simfa Labs Private Limited, Vitablend Nederland BV, SternVitamin GmbH & Co KG, Prinova Group LLC, Zagro Asia Ltd., Farbest-Tallman Foods Corporation, Nutrasun Lifecare, Preconex N.V.
Which emerging trends are set to transform the vitamin and mineral premixes market landscape?
Product innovation is a key trend gaining popularity in the vitamin and mineral premixes market. Companies operating in the vitamin and mineral premixes market are working on new product innovations to sustain their position in the market. For instance, in March 2022, SternVitamin, a Germany-based developer of vitamin and mineral premixes introduced the SternFocus micronutrient premix. It is uniquely designed to support mental and cognitive performance with the help of selected micronutrients, including L-tyrosine and Bacopa monnieri. It helps to strengthen stress resistance and support the nervous system with the help of B vitamins and the adaptogen Rhodiola rosea.
How do different geographies compare in terms of market share and growth potential in the vitamin and mineral premixes market?
North America was the largest region in the vitamin and mineral premixes market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vitamin and mineral premixes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Which major segments of the vitamin and mineral premixes market are experiencing the fastest growth?
The vitamin and mineral premixes market covered in this report is segmented –
1) By Type: Vitamin And Mineral Combination, Vitamin, Mineral
2) By Form: Dry, Liquid
3) By Application: Feed, Healthcare, Food And Beverages, Personal Care
Subsegments:
1) By Vitamin And Mineral Combination: Multi-Vitamins And Minerals, Specialized Combinations
2) By Vitamin: Water-Soluble Vitamins, Fat-Soluble Vitamins
3) By Mineral: Macro Minerals, Trace Minerals
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How is the vitamin and mineral premixes market defined, and what are its core characteristics?
Vitamin and mineral premixes refer to blends of vitamins and minerals that are formulated to meet specific nutritional requirements. They are commonly used in the food and beverage industry to strengthen products with these essential nutrients.
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