Vitamin & Mineral Premixes Market 2022-2028 – Increasing Consumer Awareness Regarding Nutrition
According to the current analysis of Reports and Data, The Vitamin & Mineral Premixes Market were valued at USD 8,004.8 Million in 2020 and are expected to reach USD 11.64 Billion by the year 2028, at a CAGR of 4.7%
The vitamin & mineral premixes are formulated to deliver nutritional needs to the livestock. Premixes are mix of minerals, trace elements, vitamins, and other nutritional additives (about of 25 raw ingredients) to include in feed between 0,2 and 2% (micro premix) or between 2% to 8% (macro premix, including proteins, salts, amino acids). The vitamin and mineral premixes have a main application in functional and fortified foods. These foods can be measured to be whole, fortified, supplemented foods which offer nutritious assistances. The growth of this market is accredited to the rising demand for fortified food products, the growth in consumption of compound feed, the increasing need for food enrichment due to high processing levels of food products, and modified nature & specificity to distinct customer requirements. Customers are driven to devote more on nutritious food on account of snowballing disposable income and rising per capita income. This is expected to boost the vitamin & mineral premixes market growth over the analysis period. Vitamin fortified and supplemented mineral foods have medicinal properties which offer healing benefits apart from daily required nutrients. They benefit human body in building a strong immune system against common diseases. However, higher costs of fortified and enriched products and stringent & time-consuming regulatory policies for fortification of feed are expected to hinder the vitamin & mineral premixes market growth in the analysis period.
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The research report offers details about leading companies in the global Vitamin & Mineral Premixes market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.
Some of the Leading Market Players Are Listed Below:
- DSM (Netherlands),
- Corbion (Netherlands),
- Glanbia (Ireland),
- Vitablend Nederland (Netherlands),
- SternVitamin (Germany),
- The Wright Group (US),
- Zagro Asia (Singapore),
- Nutreco (Netherlands),
- Farbest-Tallman Foods Corporation (US),
- Burkmann Industries (US),
- Bar-Magen (Israel)
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Vitamin & Mineral Premixes Market Segmentation based on Types:
- Vitamin & mineral combinations
Vitamin & Mineral Premixes Market Segmentation based on Application:
- Food & beverages
- Dairy products
- Bakery products
- Others (Confectionery products, soups, snacks, and convenience foods)
- Nutritional products
- Dietary supplements
- Personal care
Vitamin & Mineral Premixes Market Segmentation based on Regions:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa)
Key Features of the global Vitamin & Mineral Premixes Market:
- The report offers detailed estimations at the regional level with manufacturers, consumption, sales and import/export dynamics.
- The report provides accurate details related of the manufacturers/vendors in the market, company overview, pricing analysis, financial standing, product portfolio, and gross profit of leading companies.
- Company profiling with prevalent expansion strategies, revenue generation, and recent developments.
- Optimum strategic initiatives for new players in the market.
- Manufacturing processes, suppliers, cost, rates of production and consumption, transport mode and cost structuring, and value chain analysis.
- The study also includes supply chain trends, including elaborate descriptions of the latest technological development
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