Vitamin & Mineral Premixes Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025

Vitamin & Mineral Premixes Market is forecast to reach revenue of $12.02 Billion by 2025, growing at a CAGR of 5.2% during the forecast period 2020-2025. Vitamin and Mineral Premixes are intended to provide essential nutritional needs which contains a mix of vitamins, trace elements, minerals, and other nutritional additives. The demand for fortified food and beverages is increasing from the middle-class working population because of growing health consciousness. This has encouraged manufacturers to increasingly use vitamin and mineral premixes to make healthy and fortified products that are low in calories and cholesterol.


Key Takeaways:

  • In 2019, North America dominates the Vitamin & Mineral Premixes Market owing to an increase in the consumption of fortified food products. The Vitamin & Mineral Premixes Market scope for different regions will be provided in the final report.

  • Increasing demand for dairy products, rapid urbanization, growth in the global cattle feed market are the important drivers for Vitamin & Mineral Premixes Market.

  • Increasing demand for fortified & functional food products, growing need for food enrichment due to high processing levels of food products, and growth in compound feed consumption have led to an increased demand for vitamin & mineral premixes.

  • Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Vitamin & Mineral Premixes Market report.


By Type – Segment Analysis 

 Based on the types, the Vitamin & Mineral Premixes Market is segmented into Vitamins, Minerals and the combination of both Vitamins and Minerals. In 2019, Vitamins & Mineral combinations type held the largest share in terms of both value and volume for the global Vitamin & Mineral Premixes Market and is estimated to dominate the forecast period in 2020-2025. The large market share of vitamin & mineral combinations in various food & feed applications is attributed to these products for being a cost-effective solution to customers and supplying multiple nutrients to humans and animals.

By Application – Segment Analysis

Based on the applications, Vitamin & Mineral Premixes Market is segmented into Food and Beverages, Feed industry, Health care, and Personal Care. Feed premixes segment lead the application segment and tend to grow during the forecast period 2020-2025 with CAGR of 4.4%. Feed premixes Segment includes major applications in Animal feed such as poultry, goat feed, Ruminants, Aquatic Animals, Equine and Pets. Humongous demand for animal-based food products is pushing the output of the animal farming sector, eventually nominating the application of vitamin and mineral premixes.


By Geography – Segment Analysis

Based on the geography the Vitamin & Mineral Premixes Market is covered globally viz North America, South America, Europe, Asia Pacific (APAC) and Rest of World (ROW). Market in North America accounts for major share of 40% in terms of revenue in 2019 and is projected to maintain its position over the forecast period 2020-2025. 

The demand for healthy foods and functional foods & beverages has increased, owing to the low level of exposure to essential nutrients caused by the high consumption of processed & convenience foods with reason being consumers’ busy lifestyles. Asia Pacific market is estimated to register highest CAGR in terms of revenue over the forecast period 2020-2025, owing to the changing lifestyles of customers, a growing population in countries such as China, India, and Japan, and rising disposable income level, are some major contributing factors of increasing demand for vitamin and mineral premixes in the Asia Pacific region.

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Location: United States

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