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Market InsightAs the name suggests, Vitamins and Mineral Premixes are custom blends of different minerals, vitamins, or both that are used to improve the nutritional content of feed additives, pharmaceuticals, food products, health supplements, and others. They are available in two forms, powder and liquid, and are used across various industries like animal feed, personal care, food & beverage, and healthcare. The use of these premixes simplifies the process of production with the addition of a single premix instead of adding multiple individual ingredients. Owing to the high level of processing in the food industry the nutrients from the food items or ingredients suffer from a loss of nutrients. This is compensated with the addition of vitamin and mineral premixes. The global Vitamin and Mineral Premixes market is slated to achieve an impressive CAGR% during the forecast period.
As per the latest in-depth market research conducted by the Market Research Future (MRFR), the fortification of food in the F&B industry is stimulating the positive growth of the global vitamin and mineral premixes market. Additionally, the rising demand for dietary supplements is also fueling the demand for vitamin and mineral premixes. The growing awareness in the animal feed industry concerning the health of animals is also driving the demand of the product.
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Major Key Players Trend
The report identifies some Prominent Market Players from the world, which includes
• Chemische Fabrik Budenheim KG (Germany),
• SternVitamin GmbH & Co. KG (Germany),
• Vitablend Nederland BV (Netherlands),
• Koninklijke DSM NV (Netherlands)
• Wright Enrichment Inc. (US),
• Corbion NV (Netherlands),
• Nutreco NV (Netherlands),
• Glanbia PLC (Ireland),
• Farbest Brands (US)
• Watson Inc. (US),
The market players are consistently contributing to the market with continuous innovation and research.
Industry News
On February 2019, Archer Daniels Midland Company concluded its buyout of Neovia to help the company proliferate its market standing in the animal feed industry on a global scale. The acquisition promises to aid the industry by offering value-added products and by bringing forward complete solutions for production and companion animals.
On February 2019, UPL Limited completed its purchase of Arysta LifeScience. The deal aims to completely transform the agriculture sector by creating an open agriculture network. The firm also plans to bring in new premixes of herbicides to help farmers battle herbicide-resistant weeds.
Market Segmentation
The global Vitamin and Mineral Premixes market is segmented on the basis of type, application, and form.
Based on type, the market for these premixes is divided into mineral, vitamin, and vitamin and mineral blends.
Based on application, the segmentation of the market has been classified into animal feed, personal care products, food & beverage, and healthcare. The food & beverage market is further segmented into beverages, bakery products, dairy products, and others. The healthcare market is segmented further into dietary supplements and nutritional products.
Based on form, the vitamin and mineral premixes market is divided into liquid and powder form.
Regional Analysis
The regional segmentation of the global Vitamin and Mineral Premixes Market comprises of North America, Asia-Pacific, Europe and the Rest of the World.
Asia-Pacific is estimated to dominate the market during the forecast period by being the fastest-growing regional market. These premixes are most commonly used in the animal feed industry, thereby being a major driving factor to the market growth of this region. Globally, China is the largest market holder for animal feed in the world, which is projected to help the APAC region spearhead the regional market for vitamin and mineral premixes. Add to this, increasing health-consciousness among the population is slated to contribute to the region’s growth during the forecast period.
With increasing demand in the US and Canada for fortified food products, North America is also expected to hold a major market share. The presence of prominent market players in Europe is also deemed to contribute to the growth of vitamin and mineral premixes in the European region. The market for Rest of the World, comprising of Latin America and Middle Eastern regions, will be boosted by the increasing awareness of health and wellness and rising applications of the product.
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Website: https://www.marketresearchfuture.com/reports/vitamin-and-mineral-premixes-market-6643
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