The global vitamin and mineral premixes market was valued at USD 7.2 billion in 2022 and is projected to reach USD 9.8 billion by 2027, growing at a CAGR of 6.4% during the forecast period. This growth is driven by several key factors, including:
- Rising demand for fortified food and beverages.
- Increasing consumption of compound feed.
- The need for food enrichment due to high processing levels.
- Customization of premixes to meet specific customer requirements.
Vitamin & Mineral Premixes Market Growth Drivers:
- Growing Health Consciousness: Consumers are actively seeking fortified foods and supplements to address nutritional deficiencies and boost overall well-being.
- Rising Demand for Functional & Fortified Foods: The food and beverage industry is incorporating vitamin and mineral premixes to enhance the nutritional profile of products like cereals, dairy, and beverages.
- Expanding Animal Feed Industry: The livestock sector is increasingly using premixes to improve the health and productivity of animals, boosting market demand.
- Regulatory Support & Government Initiatives: Governments and health organizations are encouraging food fortification programs, especially in developing regions, to combat malnutrition.
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Vitamins Segment Dominates Market Share
The vitamins segment holds the largest share in the vitamin & mineral premixes market. Increased awareness, widespread acceptance, and easy availability of vitamins contribute to this dominance. Popular vitamin premixes include vitamins A, C, and E, which are widely used in the food industry.
Additionally, multivitamin premixes are gaining traction as consumers prefer a single-source solution for multiple essential nutrients rather than multiple individual sources.
Liquid Segment to Experience Highest Growth
The liquid vitamin & mineral premixes segment is expected to grow at the highest CAGR during the forecast period. These premixes are widely used in beverages, healthcare, and personal care products.
- Water-miscible liquid premixes include vitamin A, AD2, and AD3, commonly used to fortify products like milk, low-fat dairy, flavored milk, ice creams, juices, jams, and soft drinks.
- Oil-soluble liquid premixes are preferred for vitamins A, D3, E, and K1.
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Feed Segment Leads in Application
By application, the feed segment is expected to hold the largest market share. Animal feed manufacturers prioritize nutrient-rich formulations to enhance animal health and productivity.
- Growing consumer awareness regarding pet nutrition has boosted demand for specialized pet health formulas that include vitamin & mineral premixes.
- These premixes support growth, reproduction, and overall body function in animals.
North America: The Largest Regional Market
North America is anticipated to remain the largest market for vitamin & mineral premixes throughout the forecast period. Factors driving this dominance include:
- Increased demand for functional foods and beverages.
- High consumption of processed & convenience foods leading to nutrient deficiencies.
- Rising health concerns such as obesity, heart disease, and other lifestyle-related issues.
The region has also witnessed expanding applications of vitamin & mineral premixes in cereal-based products, dairy items, nutritional foods, beverages, infant formulas, and dietary supplements.
Leading Vitamin & Mineral Premixes Companies:
This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as DSM (Netherlands), Corbion (Netherlands), Glanbia plc (Ireland), Vitablend Nederland BV (Netherlands), SternVitamin GmbH & Co. KG (Germany), Wright Enrichment Inc. (US), Zagro (Singapore), Nutreco (Netherlands), Farbest-Tallman Foods Corporation (US), Burkmann Industries, Inc. (US), Bar – Magen LTD (Israel), BASF SE (Germany), ADM (US), Innov Ad NV/SA (Belgium), Jubilant Ingrevia Limited (India), and IDENA (France).
DSM is a leading company with a significant geographical presence across North America, Europe, South America, Asia Pacific, and Africa. The company has a comprehensive product portfolio for vitamins and mineral premixes that cater to various applications, such as feed, healthcare, food, and beverages. The company has been expanding in Europe, launching new manufacturing facilities in Poland, and strengthening its regional distribution network. The company has launched the world’s first bio-based vitamin A, which will have extensive applications in cosmetics and personal care. This is expected to enhance the business scope of the company further.
Corbion is one of the leading companies involved in manufacturing lactic acid, lactic acid derivatives, food ingredients, and biochemicals. The company offers high-performance bio-based products made from renewable resources. It caters to the needs of various industries, such as animal health & nutrition, pharmaceuticals, medical biomaterials, adhesives, home and personal care, agriculture, and coatings. The company has a significant market presence across all the major geographical regions: North America, Europe, Asia, South America, and the Middle East and Africa. It has manufacturing facilities across the US, Canada, Spain, the Netherlands, Brazil, and Thailand. Due to its increasing quality and label-conscious customers, the company has been focusing strongly on offering high-quality products and complying with international standards.
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