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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Competitive
Landscape:
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:
- Vitamins
- Minerals
- Vitamin &
mineral combinations
Vitamin & Mineral Premixes Market Segmentation
based on Application:
- Food &
beverages
- Beverages
- Dairy
products
- Cereals
- Bakery
products
- Others
(Confectionery products, soups, snacks, and convenience foods)
- Feed
- Healthcare
- 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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