The vitamin and mineral premixes market size has grown strongly in recent years. It will grow from $8.36 billion in 2023 to $8.92 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The expansion observed in the historical period can be attributed to several factors, including increased awareness of nutritional deficiencies, the rise in demand for functional foods, global population growth, the expansion of the food and beverage industry, and government initiatives promoting fortification of products with essential vitamins and minerals. These factors collectively contributed to the growth of the vitamin and mineral premixes market during the historic period.
The vitamin and mineral premixes market size is expected to see strong growth in the next few years. It will grow to $11.7 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The anticipated growth in the forecast period for vitamin and mineral premixes can be attributed to various factors, including the rising demand for personalized nutrition, growth in the elderly population, expansion of the nutraceutical industry, increased fortification of plant-based products, and a heightened focus on immune health. Notable trends expected during the forecast period include advancements in food processing technologies, a preference for clean label and natural ingredients, innovation in delivery formats, increased collaborations and partnerships, the integration of technology in manufacturing processes, and a growing focus on ingredients promoting mental health.
The vitamin and mineral premixes market is poised for growth, driven by the increasing awareness of health. Health awareness, denoting an individual's knowledge and understanding of health-related matters, is a crucial factor. Vitamin and mineral premixes play a key role in offering personalized and cost-effective nutritional solutions, addressing nutrient gaps, and promoting targeted nutrient support. For example, a global survey by DSM, a Netherlands-based multinational corporation, revealed that 60% of consumers acknowledged an increased awareness of maintaining a healthy lifestyle due to the pandemic. Such awareness is reflected in the intention of 73% of respondents to make significant dietary changes. This emphasizes the role of vitamin and mineral premixes in meeting health-conscious consumer demands, driving market growth.
The expansion of the food service industry is anticipated to be a significant factor propelling the growth of the vitamin and mineral premixes market. The food service industry, encompassing businesses involved in food and beverage preparation, distribution, and sale, relies on vitamin and mineral premixes to enhance the nutritional value of diverse food offerings. An article by USA Today reported a notable increase in the U.S. restaurant industry's sales, reaching $898 billion in 2022 - an additional $166.5 billion compared to 2021. This growth in the food service industry contributes to the increased demand for vitamin and mineral premixes, highlighting their importance in fortifying menu items.
A noteworthy trend in the vitamin and mineral premixes market is the emphasis on product innovation by companies to maintain their competitive edge. SternVitamin, a Germany-based developer of premixes, introduced the SternFocus micronutrient premix in March 2022. Uniquely designed to support mental and cognitive performance, it includes selected micronutrients such as L-tyrosine and Bacopa monnieri, strengthening stress resistance with the help of B vitamins and the adaptogen Rhodiola rosea.
Major companies in the market are adopting a strategic partnership approach to leverage specific expertise, resulting in a comprehensive offering for customers. A notable partnership is observed between BASF SE, a Germany-based chemicals company, and EDCEL Limited, a Nigeria-based food technology company. Their collaboration aims to launch a vitamin A premix for fortifying edible oils, addressing vitamin A and D deficiencies through oil fortification - a primary source of fat in many diets.
In March 2023, Vilomix, a Denmark-based animal feed manufacturing company, acquired Vitamix, a Brazil-based manufacturing company specializing in animal nutrition and premixes. This acquisition is expected to strengthen Vilomix's position in developing feed additives and customized premix solutions.
Major companies operating in the vitamin and mineral premixes market report are 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.
North America was the largest region in the vitamin and mineral premixes market in 2023. 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. The countries covered in the vitamin and mineral premixes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of vitamin and mineral premixes include vitamin and mineral combinations, as well as individual vitamin and mineral formulations. Vitamin and mineral combinations are products designed to support specific health needs or address nutrient deficiencies. These premixes are available in various forms, including dry and liquid formulations, and find applications in feed, healthcare, food and beverages, and personal care industries.
The vitamin and mineral premixes market research report is one of a series of new reports that provides vitamin and mineral premixes market statistics, including vitamin and mineral premixes industry global market size, regional shares, competitors with a vitamin and mineral premixes market share, detailed vitamin and mineral premixes market segments, market trends and opportunities, and any further data you may need to thrive in the vitamin and mineral premixes industry. This vitamin and mineral premixes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The vitamin and mineral premixes market consists of sales of premix powder, nutritional products, and capsules. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The vitamin and mineral premixes market size is expected to see strong growth in the next few years. It will grow to $11.7 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The anticipated growth in the forecast period for vitamin and mineral premixes can be attributed to various factors, including the rising demand for personalized nutrition, growth in the elderly population, expansion of the nutraceutical industry, increased fortification of plant-based products, and a heightened focus on immune health. Notable trends expected during the forecast period include advancements in food processing technologies, a preference for clean label and natural ingredients, innovation in delivery formats, increased collaborations and partnerships, the integration of technology in manufacturing processes, and a growing focus on ingredients promoting mental health.
The vitamin and mineral premixes market is poised for growth, driven by the increasing awareness of health. Health awareness, denoting an individual's knowledge and understanding of health-related matters, is a crucial factor. Vitamin and mineral premixes play a key role in offering personalized and cost-effective nutritional solutions, addressing nutrient gaps, and promoting targeted nutrient support. For example, a global survey by DSM, a Netherlands-based multinational corporation, revealed that 60% of consumers acknowledged an increased awareness of maintaining a healthy lifestyle due to the pandemic. Such awareness is reflected in the intention of 73% of respondents to make significant dietary changes. This emphasizes the role of vitamin and mineral premixes in meeting health-conscious consumer demands, driving market growth.
The expansion of the food service industry is anticipated to be a significant factor propelling the growth of the vitamin and mineral premixes market. The food service industry, encompassing businesses involved in food and beverage preparation, distribution, and sale, relies on vitamin and mineral premixes to enhance the nutritional value of diverse food offerings. An article by USA Today reported a notable increase in the U.S. restaurant industry's sales, reaching $898 billion in 2022 - an additional $166.5 billion compared to 2021. This growth in the food service industry contributes to the increased demand for vitamin and mineral premixes, highlighting their importance in fortifying menu items.
A noteworthy trend in the vitamin and mineral premixes market is the emphasis on product innovation by companies to maintain their competitive edge. SternVitamin, a Germany-based developer of premixes, introduced the SternFocus micronutrient premix in March 2022. Uniquely designed to support mental and cognitive performance, it includes selected micronutrients such as L-tyrosine and Bacopa monnieri, strengthening stress resistance with the help of B vitamins and the adaptogen Rhodiola rosea.
Major companies in the market are adopting a strategic partnership approach to leverage specific expertise, resulting in a comprehensive offering for customers. A notable partnership is observed between BASF SE, a Germany-based chemicals company, and EDCEL Limited, a Nigeria-based food technology company. Their collaboration aims to launch a vitamin A premix for fortifying edible oils, addressing vitamin A and D deficiencies through oil fortification - a primary source of fat in many diets.
In March 2023, Vilomix, a Denmark-based animal feed manufacturing company, acquired Vitamix, a Brazil-based manufacturing company specializing in animal nutrition and premixes. This acquisition is expected to strengthen Vilomix's position in developing feed additives and customized premix solutions.
Major companies operating in the vitamin and mineral premixes market report are 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.
North America was the largest region in the vitamin and mineral premixes market in 2023. 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. The countries covered in the vitamin and mineral premixes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of vitamin and mineral premixes include vitamin and mineral combinations, as well as individual vitamin and mineral formulations. Vitamin and mineral combinations are products designed to support specific health needs or address nutrient deficiencies. These premixes are available in various forms, including dry and liquid formulations, and find applications in feed, healthcare, food and beverages, and personal care industries.
The vitamin and mineral premixes market research report is one of a series of new reports that provides vitamin and mineral premixes market statistics, including vitamin and mineral premixes industry global market size, regional shares, competitors with a vitamin and mineral premixes market share, detailed vitamin and mineral premixes market segments, market trends and opportunities, and any further data you may need to thrive in the vitamin and mineral premixes industry. This vitamin and mineral premixes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The vitamin and mineral premixes market consists of sales of premix powder, nutritional products, and capsules. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Vitamin and Mineral Premixes Market Characteristics3. Vitamin and Mineral Premixes Market Trends and Strategies32. Global Vitamin and Mineral Premixes Market Competitive Benchmarking33. Global Vitamin and Mineral Premixes Market Competitive Dashboard34. Key Mergers and Acquisitions in the Vitamin and Mineral Premixes Market
4. Vitamin and Mineral Premixes Market - Macro Economic Scenario
5. Global Vitamin and Mineral Premixes Market Size and Growth
6. Vitamin and Mineral Premixes Market Segmentation
7. Vitamin and Mineral Premixes Market Regional and Country Analysis
8. Asia-Pacific Vitamin and Mineral Premixes Market
9. China Vitamin and Mineral Premixes Market
10. India Vitamin and Mineral Premixes Market
11. Japan Vitamin and Mineral Premixes Market
12. Australia Vitamin and Mineral Premixes Market
13. Indonesia Vitamin and Mineral Premixes Market
14. South Korea Vitamin and Mineral Premixes Market
15. Western Europe Vitamin and Mineral Premixes Market
16. UK Vitamin and Mineral Premixes Market
17. Germany Vitamin and Mineral Premixes Market
18. France Vitamin and Mineral Premixes Market
19. Italy Vitamin and Mineral Premixes Market
20. Spain Vitamin and Mineral Premixes Market
21. Eastern Europe Vitamin and Mineral Premixes Market
22. Russia Vitamin and Mineral Premixes Market
23. North America Vitamin and Mineral Premixes Market
24. USA Vitamin and Mineral Premixes Market
25. Canada Vitamin and Mineral Premixes Market
26. South America Vitamin and Mineral Premixes Market
27. Brazil Vitamin and Mineral Premixes Market
28. Middle East Vitamin and Mineral Premixes Market
29. Africa Vitamin and Mineral Premixes Market
30. Vitamin and Mineral Premixes Market Competitive Landscape and Company Profiles
31. Vitamin and Mineral Premixes Market Other Major and Innovative Companies
35. Vitamin and Mineral Premixes Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Vitamin and Mineral Premixes Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on vitamin and mineral premixes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for vitamin and mineral premixes? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Vitamin and Mineral Combination; Vitamin; Mineral
2) By Form: Dry; Liquid
3) By Application: Feed; Healthcare; Food and Beverages; Personal Care
Key Companies Mentioned: Cargill Incorporated; The Archer-Daniels-Midland Company; BASF SE; Koninklijke DSM NV; Glanbia plc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- 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.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 8.92 Billion |
Forecasted Market Value ( USD | $ 11.7 Billion |
Compound Annual Growth Rate | 7.0% |
Regions Covered | Global |
No. of Companies Mentioned | 30 |