Global Vitamin and Mineral Premixes Market 2019-2023

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Global Vitamin and Mineral Premixes Industry Overview

The demand for fortified food and beverages is increasing from the middle-class working population because of growing health consciousness. This has encouraged manufacturers to increasingly use vitamin and mineral premixes to make healthy and fortified products which are low in calories and cholesterol. Vitamin and mineral premixes are also used in the pharmaceutical industry to produce veterinary drugs which are used for developing products such as liver tonics, disinfectants, CRT treatment medications, and antibiotic feed supplements. Similarly, vitamins and mineral premixes are widely used in the animal feed and personal care industry. Thus, the increasing use of vitamins and mineral premixes in different sectors is driving the growth of the overall market.

The shift in consumer preference from available premixes to formulated premixes is also encouraging manufacturers to offer customized premix solutions for use in a variety of food applications. Customized Solutions by Glanbia, Customized Services by Koninklijke DSM, and Customized premixes & Pre-blending by Archer Daniels Midland Company are some of the well-known customized premixes solutions offered by companies within the industry. This shifting preference for customized premixes is identified as a key trend that will drive vitamin and mineral premixes market growth at a CAGR of almost 5% during the forecast period.

Top vitamin and mineral premixes companies covered in this market research report

The vitamin and mineral premixes market is moderately fragmented and market players are trying to increase their market shares and presence by merging and acquiring several small and regional vendors. By offering a complete analysis of the market’s competitive landscape and information on the products offered by the companies, this vitamin and mineral premixes industry analysis report allows clients to identify new growth opportunities and design innovative strategies to optimize their market position.

The report offers a complete analysis of various companies including:

• Barentz
• Cargill
• Glanbia
• Koninklijke DSM
• Union InVivo - Union de Coopératives Agricoles

Vitamin and mineral premixes market segmentation based on geographic regions

• Americas
• APAC
• EMEA

The Americas will account for the highest market share of the vitamins and mineral premixes market throughout the forecast period. The growing demand for compound feed in countries including the US, Canada, Brazil, Argentina, Columbia, Chile, and Mexico is one of the major reasons for high growth of the vitamin and mineral premixes market in this region.

Vitamin and mineral premixes market segmentation based on end-users

• Animal
• Human

This market is witnessing the emergence of several regional and global vendors that provide animal feed to improve the immune system and metabolism of animals. Vendors prepare feed-enriching vitamin and mineral premixes using predominant ingredient minerals such as phosphorus, iron, magnesium, and zinc and vitamins such as vitamin D, vitamin B3, and niacin. The animal segment will account for the highest market share in the vitamin and mineral premixes market.

Key highlights of the global vitamin and mineral premixes market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the vitamin and mineral premixes market during the next five years
• Precise estimation of the global vitamin and mineral premixes market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the vitamin and mineral premixes industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of multivariable transmitters companies

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