According to this latest publication from Meticulous Research®, the vitamin & mineral premixes market is projected to reach $12.13 billion by 2029, at a CAGR of 4.8% from 2022–2029. The growth of this market is driven by the growing health and wellness trend; the rising demand for compound animal feed; the growing demand for vitamins and minerals for enrichment or fortification of food & beverages, animal feed, healthcare, and personal care products; and the increasing adoption of the dietary supplements. However, complex regulations related to the fortification of food and feed products and the high cost of vitamin and mineral-enriched products are expected to hinder the growth of this market to a certain extent. Moreover, growing consumer inclination towards healthy diets and the growing demand for feed application in developing countries are expected to offer significant growth opportunities for players operating in the vitamin & mineral premixes market.
Download Research PDF: https://www.meticulousresearch.com/download-sample-report/cp_id=5369
The global vitamin & mineral premixes market is segmented based on type (vitamin, mineral, and vitamin & mineral blend), form (liquid and dry), and application (animal feed, nutritional health supplements, food & beverages, pharmaceuticals, and other applications). The study also evaluates industry competitors and analyzes the regional and country-level markets.
Based on type, the vitamin & mineral blend segment is projected to register the highest CAGR in the global vitamin & mineral premixes market during the forecast period. The fast growth rate of this market is mainly attributed to the increasing consumer preferences for blends of different functional ingredients, multiple nutritional benefits to humans and animals, growing consumption of vitamin and mineral supplements due to the rising number of vitamin & mineral deficiency cases, and increasing demand for fortified feed and food products.
Based on form, the liquid form is projected to register the highest CAGR in the global vitamin & mineral premixes market during the forecast period. The growth of this segment is attributed to the increasing application of several final products, including sports drinks and functional beverages, due to their easy absorption as a final product. Additionally, liquid products are easily digestible and can be absorbed by the bloodstream immediately, which is why geriatric populations worldwide prefer them.
Based on the application, in 2022, the animal feed segment is expected to account for the largest share of the vitamin & mineral premixes market. The large market share of this segment is mainly attributed to the growing demand for poultry feed due to rising poultry meat consumption and poultry farming, especially in developing regions such as the Asia-Pacific and South America. Furthermore, in the animal feed industry, demand for vitamin and mineral premixes is expected to rise due to the nutritional benefits vitamin & mineral premixes provide for maintaining animal well-being and the increasing consumer awareness regarding pet nutrition.
This research report also analyzes major geographies and provides a comprehensive analysis of North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is slated to record the fastest growth rate during the forecast period of 2022—2029. The fast growth of this market is mainly attributed to factors such as the growing compound animal feed industry, growing economy, increasing demand for fortified food products in emerging and developing countries, including India, China, Indonesia, and Thailand, and rising investments from major players in the region.
Get Customized Report: https://www.meticulousresearch.com/request-customization/cp_id=5369
Key Players
The key players operating in the global vitamin & mineral premixes market are Koninklijke DSM N.V. (Netherlands), Glanbia, Plc (Ireland), Corbion N.V. (Netherlands), Wright Enrichment Inc. (U.S.), Vitablend Nederland B.V. (Netherlands), Nutreco N.V. (Netherlands), SternVitamin GmbH & Co. KG (Germany), Watson Inc. (U.S.), Cargill, Incorporated (U.S.), Archer-Daniels-Midland Company (U.S.), and Jubilant Life Sciences Limited (India).
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
