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What key factors are powering the surge in the vitamin and mineral premixes market right now?
There has been a significant increase in the market size of vitamin and mineral premixes in past years. The market is forecasted to expand from a value of $8.92 billion in 2024 to $9.5 billion in 2025 with a compound annual growth rate (CAGR) of 6.5%. Factors accounting for the growth during the historical phase include increased awareness of nutritional deficiencies, a surge in the consumption of functional foods, the worldwide population increase, the expansion of the food and beverage sector, and governmental fortification initiatives.
How fast Is the vitamin and mineral premixes market expected to grow, and what’s its future value?
The market for vitamin and mineral premixes is predicted to experience substantial growth in the forthcoming years, increasing to $12.71 billion by 2029 at a compounded annual growth rate of 7.6%. Factors contributing to this growth during the projection period include the escalating demand for custom nutrition, ageing population, expansion of the nutraceutical sector, higher fortification of plant-derived products, and emphasis on immune health. Key trends during this period comprise advancements in food processing technologies, adoption of clean labels and natural ingredients, delivery format innovation, strategic collaborations and partnerships, the inclusion of technology in manufacturing, and a focus on ingredients relating to mental health.
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What are the leading drivers of growth in the vitamin and mineral premixes market?
The vitamin and mineral premixes market is set to flourish due to the rise in health consciousness. This refers to an individual’s comprehension, awareness, and insight about health-related topics and habits. Vitamin and mineral premixes allow for the efficient and cost-effective production of highly customized products. Vitamin premixes have the potential to boost health consciousness through addressing nutritional deficiencies and offering niche nutrient support. For example, UK healthcare spending was around $354.88 billion (£283 billion) in 2022, a slight increase of 0.7% from 2021, according to the Office for National Statistics in the UK. Consequently, the uptick in health consciousness is fueling the expansion of the vitamin and mineral premixes market.
What are the key segments defining the vitamin and mineral premixes market?
The vitamin and mineral premixes market covered in this report is segmented –
1) By Type: Vitamin And Mineral Combination, Vitamin, Mineral
2) By Form: Dry, Liquid
3) By Application: Feed, Healthcare, Food And Beverages, Personal Care
Subsegments:
1) By Vitamin And Mineral Combination: Multi-Vitamins And Minerals, Specialized Combinations
2) By Vitamin: Water-Soluble Vitamins, Fat-Soluble Vitamins
3) By Mineral: Macro Minerals, Trace Minerals
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Who are the key players steering the development of the vitamin and mineral premixes market?
Major companies operating in the vitamin and mineral premixes market include Cargill Incorporated, The Archer-Daniels-Midland Company, BASF SE, Koninklijke DSM NV, Glanbia plc, Alltech Inc, Nutreco NV, Barentz International BV, Corbion NV, Kemin Industries Inc., Innovd SA, Hexagon Nutrition Limited, Jubilant Ingrevia Limited, Wright Enrichment Inc., NutraBlend Foods LLC, Pharmline Inc, Burkmann Industries Inc., Promois International, Pristine Organics Private Limited, Bar – Magen Ltd., Nutrilo GmbH, Idena, Simfa Labs Private Limited, Vitablend Nederland BV, SternVitamin GmbH & Co KG, Prinova Group LLC, Zagro Asia Ltd., Farbest-Tallman Foods Corporation, Nutrasun Lifecare, Preconex N.V.
What emerging trends are influencing the growth of the vitamin and mineral premixes market?
The rising trend of product innovation is being noted in the vitamin and mineral premixes market. To remain competitive in the market, businesses in the vitamin and mineral premixes sector are focusing on introducing innovative products. For example, SternVitamin, a firm based in Germany that produces vitamin and mineral premixes, launched its SternFocus micronutrient premix in March 2022. The mix has been uniquely formulated to enhance cognitive and mental functioning with a selection of micronutrients that includes L-tyrosine and Bacopa monnieri. It encourages stress resilience and fortifies the nervous system with the aid of B vitamins and the adaptogen Rhodiola rosea.
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Which regions are most influential in expanding the vitamin and mineral premixes market?
North America was the largest region in the vitamin and mineral premixes market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vitamin and mineral premixes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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