Meticulous Research®—a leading global market research company, published a research report titled, ‘ Vitamin & Mineral Premixes Market by Type (Vitamin, Mineral), Form (Liquid), Application (Nutritional & Health Supplements {Clinical Nutrition}, Food & Beverages {Beverages, Dairy Products}, Pharmaceuticals) and Geography - Forecast to 2029.’
In the most recent report by Meticulous Research®, the vitamin and mineral premixes market is anticipated to achieve a value of $12.13 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 4.8% from 2022 to 2029. The market's expansion is propelled by several factors, including the increasing focus on health and wellness, rising demand for compound animal feed, and the growing need for enriching food, beverages, animal feed, healthcare, and personal care products with vitamins and minerals. Additionally, the uptake of dietary supplements is contributing to market growth. However, challenges such as intricate regulations regarding food and feed fortification and the high cost of vitamin and mineral-enriched products may somewhat impede market growth. Nonetheless, the market presents opportunities driven by consumer preferences for healthy diets and the rising demand for feed applications in developing nations.
The global vitamin and mineral premixes market is categorized by type (vitamin, mineral, and vitamin and mineral blends), form (liquid and dry), and application (animal feed, nutritional health supplements, food and beverages, pharmaceuticals, and others). The report also assesses industry competitors and examines regional and country-level markets.
Among the market segments, the vitamin and mineral blend segment is forecasted to experience the highest CAGR during the forecast period. This growth is attributed to consumer preference for blends offering various functional benefits, increased consumption of supplements due to rising deficiency cases, and the demand for fortified feed and food products.
In terms of form, the liquid segment is expected to register the highest CAGR, driven by its easy absorption and digestibility, particularly in products like sports drinks and functional beverages.
The animal feed segment is anticipated to dominate the market, mainly due to the escalating demand for poultry feed driven by increased poultry meat consumption, especially in regions like Asia-Pacific and South America.
Geographically, Asia-Pacific is projected to witness the fastest growth, fueled by factors such as the expanding compound animal feed industry, economic growth, and rising demand for fortified food products in countries like India, China, Indonesia, and Thailand.
Key players in the global market include Koninklijke DSM N.V., Glanbia Plc, Corbion N.V., Wright Enrichment Inc., Vitablend Nederland B.V., Nutreco N.V., SternVitamin GmbH & Co. KG, Watson Inc., Cargill Incorporated, Archer-Daniels-Midland Company, and Jubilant Life Sciences Limited.
Download Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5369
It answers key questions about market segments, historical data, forecasts, major players, competitive landscape, recent developments, geographical trends, and emerging local players.
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