openPR Logo
Press release

Global Demand for Vitamin & Mineral Premixes Market is Expected to Progress to Reach US$ 2.4 Bn by 2031

03-07-2024 07:14 AM CET | Food & Beverage

Press release from: Transparency Market Research

Global Demand for Vitamin & Mineral Premixes Market is Expected

The global Vitamin & Mineral Premixes Market is anticipated to witness significant growth from 2023 to 2031, driven by the increasing demand for fortified food and beverages, rising health consciousness among consumers, and growing awareness about the benefits of vitamins and minerals in preventing various diseases. Vitamin & mineral premixes are blends of essential vitamins, minerals, and other nutritional elements that are added to food and beverages to enhance their nutritional value.

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.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ญ (๐”๐ฌ๐ž ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ž ๐Œ๐š๐ข๐ฅ ๐ˆ๐ ๐Ÿ๐จ๐ซ ๐๐ฎ๐ข๐œ๐ค ๐‘๐ž๐ฌ๐ฉ๐จ๐ง๐ฌ๐ž) -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.

๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: 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.

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก -

๐–๐š๐ฅ๐ง๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ - 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…๐ฎ๐ง๐œ๐ญ๐ข๐จ๐ง๐š๐ฅ ๐…๐ฅ๐จ๐ฎ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ - 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

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

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.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Demand for Vitamin & Mineral Premixes Market is Expected to Progress to Reach US$ 2.4 Bn by 2031 here

News-ID: 3416210 • Views: โ€ฆ

More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 - Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 โ€ฆ
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth. Uncover essential discoveries and trends fromโ€ฆ
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Radiopharmaceuticals to Propel Market Expansion | Transparency Market Research, Inc
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra โ€ฆ
The global Technetiumโ€99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth. Discover essential conclusions and data from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100 Analysts' Viewpoint The Technetiumโ€99mโ€ฆ
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to US$ 280 Million by 2030, Driven by Rising Equine Diseases and Diagnostic Advancements
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to โ€ฆ
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equineโ€ฆ
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of 6.1%
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of โ€ฆ
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,โ€ฆ

All 5 Releases


More Releases for Vitamin

Vitamin Test Market: Global Vitamin Test Analysis and Forecast (2023-2029)Vitami โ€ฆ
12.04.2024: Vitamin Test Market Overview The development of companion diagnostic tools and advances in personalised treatment are driving considerable growth and revolution in the oncology Vitamin Test market. In the era of precision medicine, where healthcare is increasingly customised for individual individuals based on their own genetic and molecular profiles, this market segment is essential. Ongoing innovation and development define the oncology Vitamin Test market. To find particular biomarkers, genetic mutations,โ€ฆ
Ellips Hair Vitamin - The No.1 Hair Vitamin in Asia
Ellips hair vitamin is a well-known hair care brand that provides a variety of products for hair nourishment and protection. The brand has gained immense popularity globally, owing to its exceptional quality, and high efficacy of its products. Ellips hair vitamin is a perfect solution for people who want to maintain healthy and strong hair, while also enhancing its natural shine and volume. The Ellips hair vitamin range includes hair masks,โ€ฆ
Global Vitamins Market Key Players, Demands, Trends, Size and Types: Vitamin A, โ€ฆ
The vitamins market refers to the global industry that produces and sells vitamin supplements, fortified foods, and beverages. Vitamins are organic compounds that are essential for the proper functioning of the human body. They play a vital role in maintaining good health, supporting the immune system, and preventing various diseases. Get a Free Sample Copy of the Global Vitamins Market Research Report at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1732640 The vitamins market size is estimated toโ€ฆ
Letter Vitamins Market 2023 - New Technology, Industry Growth, Size, Share, Tren โ€ฆ
Letter Vitamins Market is segmented by Type, by region, by profile, and by Application. This Report holds market analysis, growth, slopes, forecast, and complete strategies in the future. It also guides with planned and organized choices that include the necessary information to perform PEST, SWOT, and STEER analysis. Moreover, the Letter Vitamins Market report analyses the vital performance and operational metrics so that you can plan robust business strategies. Alongโ€ฆ
Global Vitamins Market, By Source (Plant, Animal), Product Type (Vitamin A, Vita โ€ฆ
Vitamins are organic compounds that are essential for every organism in a small amount for proper growth and development of the body. Lack of these vitamins may led to various vitamins deficiency diseases and disorders such as night blindness, xerophthalmia and keratomalacia. Growing consumer awareness for various vitamins deficiency diseases across the world in turn is expected to boost growth of the global market for vitamins. These vitamins can beโ€ฆ
Global Vitamin Market 2019- By Product Type (Vitamin A,Vitamin B3,Vitamin B5,Vit โ€ฆ
"Global Vitamin Market - Volume and Value Analysis By Product Type (Vitamin A,Vitamin B3,Vitamin B5,Vitamin D3,Vitamin E,Vitamin C), By End User, By Region, By Country: Opportunities and Forecast (2019-2025) - By Region (N. America, ROW,Europe, APAC ), By Country (USA, Canada, Mexico, Rest of Europe, China, India, Japan,Rest of North America, Germany, France, Italy, Spain,ย  South Korea, Rest of Asia)" Key Players Dominating the Global Vitamin Marketย  DSM, Lonza, CSPC Pharmaceutical Group,โ€ฆ