Vitamin & Mineral Premixes Market Insight | Key Players Include - DSM, Watson, Nutreco, SternVitamin


Posted December 17, 2018 by supriya1234

The Asia Pacific region dominated the vitamin & mineral premixes market and is projected to grow at a significant rate from 2017 to 2022, in terms of both value and volume.

 
The vitamin & mineral premixes market is estimated at USD 6.93 Billion in 2017 and is projected to reach USD 8.93 Billion by 2022, at a CAGR of 5.2% from 2017. In terms of volume, the market is projected to reach 1,615.76 KT by 2022. Vitamin & mineral premixes are dry or liquid custom blends of a wide range of vitamins, minerals, or combinations of vitamins & minerals, which are used in food & beverages, animal feed, healthcare, and personal care applications for enrichment or fortification purposes with an objective of enhancing the nutritional value of the products. The growth of this market is attributed to the growing demand for fortified food & beverage products, the rise in consumption of compound feed, the growing need for food enrichment due to high processing levels of food products, and customized nature & specificity to individual customer requirements.



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The increasing demand for fortified & functional food products, growing need for food enrichment due to high processing levels of food products, and growth in compound feed consumption have led to an increased demand for vitamin & mineral premixes. Also, with the growing level of consumer understanding of nutrition intake and health issues due to deficiencies, consumers are now focusing on comparing different brands by reading through product labels for information on the nutritional content. Such consumers’ inclination provides an opportunity for the growth of the vitamin & mineral premixes market.



The feed segment is estimated to dominate the vitamin & mineral premixes market on the basis of application through the forecast period. Nutritional benefits provided by vitamin and mineral premixes for the maintenance of animal well-being and increase in consumer awareness regarding required pet nutrition globally has resulted in the significant market share of feed applications in the market.

On the basis of form, the powder segment accounted for the largest share of this market in 2016. Convenience in the packaging of powdered premixes and their comparatively stable nature to liquid form are some of the main factors responsible for the growth of the powder segment in the market.

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Due to the high consumption of fortified food products in the US and Canada, the North American region accounted for the largest share in the vitamin & mineral combination premixes market in 2016.

The demand for food and feed products with specific health benefits is experiencing growth in the Asia Pacific region owing to the changing lifestyles of customers. The major drivers for vitamin & mineral premixes in this region are the growing regional population; rise in disposable incomes; rapid urbanization, especially in China, India, and Japan; and continuous modernization in the food & feed industry. Rising population and changing consumer tastes & preferences for healthy and sustainable lifestyles drive the growth of the vitamin & mineral premixes market.

This report studies marketing and development strategies, along with the product portfolios of leading companies such as DSM (Netherlands), Corbion (Netherlands), Glanbia (Ireland), Vitablend Nederland (Netherlands), Watson (US), SternVitamin (Germany), The Wright Group (US), Zagro Asia (Singapore), Nutreco (Netherlands), Farbest-Tallman Foods Corporation (US), Burkmann Industries (US), and Bar-Magen (Israel).

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Issued By MarketsandMarkets
Phone 1-888-600-6441
Business Address Mr. Shelly Singh, MarketsandMarkets™ INC.,
630 Dundee Road, Suite 430, Northbrook, IL 60062
Country United States
Categories Business , Food , News
Tags vitamin mineral premixes , vitamin mineral premixes market , vitamin mineral premixes market research report
Last Updated December 17, 2018