Press release
Global Demand for Vitamin & Mineral Premixes Market is Expected to Progress to Reach US$ 2.4 Bn by 2031
Market Size and Growth
The Vitamin & Mineral Premixes Market is expected to grow at a CAGR of 7.7% during the forecast period 2023-2031, reaching a market value of US$ 2.4 Bn by 2031. The market growth can be attributed to the increasing adoption of fortified food and beverages by the food industry to cater to the rising demand for nutritional products.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ (๐๐ฌ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐ข๐ฅ ๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐๐ค ๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐) -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=41042&utm_source=OpenPR_Sudha&utm_campaign=OpenPR
Market Segmentation
By Service Type: The market can be segmented into dry and liquid premixes. Dry premixes are more commonly used due to their ease of handling and longer shelf life.
By Sourcing Type: Sourcing type includes in-house and outsourced premixes. In-house sourcing provides more control over the quality of premixes, while outsourced premixes offer cost-effectiveness.
By Application: Vitamin & mineral premixes find application in various industries such as food & beverages, pharmaceuticals, and animal feed.
By Industry Vertical: The market caters to industries such as healthcare, food & beverages, and animal nutrition.
By Region: The market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Analysis
North America: The region is expected to dominate the market, driven by the high adoption of fortified food and beverages and the presence of key market players.
Europe: The European market is also expected to witness significant growth, fueled by the increasing demand for healthy food options and stringent regulations regarding food fortification.
Asia Pacific: The APAC region is anticipated to be the fastest-growing market, attributed to the rising population, increasing disposable income, and growing health awareness among consumers.
Market Drivers and Challenges
Drivers: The increasing prevalence of vitamin and mineral deficiencies, growing consumer awareness about the importance of nutrition, and the rising demand for functional and fortified food products are driving the market growth.
Challenges: However, factors such as the high cost of fortified products, stringent regulations regarding food fortification, and the availability of natural sources of vitamins and minerals are hindering the market growth.
Market Trends
The growing trend of personalized nutrition and the use of advanced technologies in premix formulations are expected to drive market growth.
The increasing demand for organic and clean label products is also a significant trend in the market.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.transparencymarketresearch.com/checkout.php?rep_id=41042<ype=S&utm_source=OpenPR_Sudha&utm_campaign=OpenPR
Competitive Landscape
The Vitamin & Mineral Premixes Market is highly competitive, with several key players dominating the market. Some of the prominent players in the market include DSM, Glanbia Nutritionals, BASF SE, and Corbion.
Future Outlook
The Vitamin & Mineral Premixes Market is expected to witness steady growth in the coming years, driven by the increasing demand for fortified food and beverages and the growing awareness about the importance of nutrition in maintaining overall health.
Key Market Study Points
The market size and growth potential of the Vitamin & Mineral Premixes Market from 2023 to 2031.
The key drivers, challenges, and trends shaping the market.
The competitive landscape and market share analysis of the key players in the market.
The regional analysis of the market, including the market size and growth potential of each region.
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก -
๐๐๐ฅ๐ง๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ - https://www.prnewswire.com/news-releases/walnut-market-size-is-projected-to-reach-usd-11-1-billion-at-a-4-3-cagr-by-2031---transparency-market-research-inc-302032434.html
๐ ๐ฎ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐ ๐ฅ๐จ๐ฎ๐ซ ๐๐๐ซ๐ค๐๐ญ - https://www.prnewswire.com/news-releases/functional-flour-market-worth-usd-147-3-billion-by-2031--at-7-6-cagr---report-by-transparency-market-research-inc-302024373.html
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
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