What is the Historical Analysis of the Vitamin And Mineral Premixes Market Size?
The vitamin and mineral premixes market has seen considerable growth due to a variety of factors.
•The market size for vitamin and mineral premixes has witnessed significant growth in the past years. The predicted growth is from $8.92 billion in 2024 to $9.5 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%.
This growth in the preceding period can be credited to factors including awareness of nutritional deficiencies, increase in consumption of functional foods, rise in global population, the spread of the food and beverage industry, and government-initiated fortification drives.
What is the Forecasted Growth of the Vitamin And Mineral Premixes Market Size?
The vitamin and mineral premixes market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations are high for substantial expansion in the vitamin and mineral premixes market in the coming years, with market size projected to reach $12.71 billion in 2029, registering a compound annual growth rate of 7.6%.
Factors driving this predicted growth span from increased demand for personalized nutritional plans, alongside rapidly growing elderly population, to the broadening of the nutraceutical industry and enhanced fortification of plant-based products. Furthermore, a heightened focus on immune health is also contributing. Major trends to look forward to in the forecast period will encompass innovations in food processing technologies, a shift towards clean labels and natural ingredients, the rise in innovative delivery formats and collaborations and partnerships within the industry. Simultaneously, technology will become increasingly integrated into the manufacturing process, with a particular spotlight being cast on ingredients promoting mental health.
What Key Factors and Trends are Driving the Growth of the Vitamin And Mineral Premixes Market?
The growth of the vitamin and mineral premixes market is projected to accelerate due to heightened health consciousness. Individuals are becoming more educated and aware about health-related topics and practices, such as the use of vitamin and mineral premixes. These premixes allow for creation of custom products in a cost-effective and efficient manner and can help in promoting health consciousness by addressing nutrient deficiencies and providing targeted nutritional support. As an example, the UK saw healthcare spending rise to approximately $354.88 billion (£283 billion) in 2022, marking a slight increase of 0.7% from the previous year's expenditure, as reported by the Office for National Statistics. Thus, it can be inferred that the amplification of health consciousness is fueling the growth of the vitamin and mineral premixes market.
What are the Market Segments in 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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What Trends are Shaping the Vitamin And Mineral Premixes Market?
The emergence of product innovation is becoming a significant trend in the vitamin and mineral premixes market. Businesses active in this field are focusing on introducing new products to maintain their market stance. For instance, SternVitamin, a firm based in Germany specializing in the production of vitamin and mineral premixes, brought the SternFocus micronutrient premix to market in March 2022. The mix has been meticulously created to enhance cognitive and mental performance using specific micronutrients such as L-tyrosine and Bacopa monnieri. Additionally, it's built to bolster resistance to stress and aid the nervous system through the use of B vitamins and the adaptogen Rhodiola rosea.
Who Are the Key Players in 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 are the Regional Insights into 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.
