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The Vitamin & Mineral Premixes Market size was estimated at USD 12.85 billion in 2023, USD 14.49 billion in 2024, and is expected to grow at a CAGR of 13.00% to reach USD 30.25 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Premixes are a complex blend of vitamins, minerals, trace elements, and other nutritious additions to food and feed. Vitamins are essential for biological function and are enzyme cofactors in energy metabolism. Surging demand for livestock products worldwide requires increasing feed supplies, sources, and alternatives. According to the Global Feed Survey, 2021, world compound feed production was 1,187 billion tons in 2020 from 1,176 billion in 2019, valued at around USD 400 billion. As per the United Nations Food and Agriculture Organization, by 2050, the demand for food is estimated to increase by 60%, and production of meat is estimated to rise by nearly 70%, aquaculture by 90%, and dairy by 55% by 2050, creating a demand for animal feed. Moreover, using vitamin & mineral premixes for nitrification of food & beverages and their adoption in nutraceuticals have surged with changing consumer preferences. On the other hand, a stringent regulatory framework established for quality control and the risk of side effects and health concerns due to excess consumption of premixes impedes market growth. However, consumer demand for food and feed products with added value is proliferating the use of vitamin & mineral premixes.
Regional Insights
Americas represents a highly developing landscape for the global vitamin & mineral premixes market characterized by rising demand for functional and processed food & beverages owing to the rise in obesity, heart diseases, and other health problems. Awareness initiatives launched by the government regarding the importance of healthy diets make people more aware of manufacturing and using vitamin and mineral premixes. In March 2022, the U.S. Department of Health and Human Services (HHS) and the U.S. Department of Agriculture (USDA) published the Dietary Guidelines for Americans, the nation’s go-to source for nutrition advice. The manufacturers in the region are making continuous efforts to innovate new vitamin and mineral premixes across wide applications such as cereal-based products, nutritional foods, and infant formulas. The growing consumer inclination toward healthy food and the emergence of developing countries as strong feed application consumers are expected to offer significant growth opportunities for players operating in the Asia-Pacific vitamin & mineral premixes market.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Vitamin & Mineral Premixes Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Vitamin & Mineral Premixes Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Vitamin & Mineral Premixes Market, highlighting leading vendors and their innovative profiles. These include Archer Daniels Midland Company, Bar-Magen Ltd., Barentz International BV, BASF SE, BRF S.A., Calico by Vivify Company, Cargill, Incorporated, Chemische Fabrik Budenheim KG, Corbion N.V., Dansk Landbrugs Grovvareselskab A.M.B.A., DuPont de Nemours, Inc., Farbest-Tallman Foods Corporation, Fenchem, Glanbia PLC, H Plus Limited, Hellay Australia Pty. Ltd, Hexagon Nutrition Pvt. Ltd., HRS Kimya, Incoltec, Ingredion Incorporated, Innov Ad NV/SA, Jubilant Life Sciences Limited, Kaesler Nutrition GmbH, Koninklijke DSM N.V., Lek Veterina d.o.o., LycoRed Ltd., MILLBÄKER SAS, Nutreco N.V., Nutri-Link Ltd., Piramal Group, Prinova Group LLC, Prosol S.p.A., RITS Lifesciences Private Limited, Roquette Frères S.A., S.I.N. HELLAS, Spansules Pharmatech Pvt Ltd., SternVitamin GmbH & Co. KG, Sweesy Animal Nutrition Co. Ltd., Vetlife Licking Block and Feed Additives LTD, Vitablend Nederland B.V., VITALAC, Wright Enrichment Inc., Zagro, and Zhejiang Weishi Biotechnology Co.,Ltd.Market Segmentation & Coverage
This research report categorizes the Vitamin & Mineral Premixes Market to forecast the revenues and analyze trends in each of the following sub-markets:- Form
- Liquid
- Powder
- Function
- Bone Health
- Digestion
- Energy
- Immunity
- Skin Health
- Type
- Minerals
- Vitamin & Mineral Combinations
- Vitamins
- Application
- Bakery Products
- Beverages
- Cereals
- Dairy Products
- Dietary Supplements
- Feed
- Personal Care
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Vitamin & Mineral Premixes Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Vitamin & Mineral Premixes Market?
- What are the technology trends and regulatory frameworks in the Vitamin & Mineral Premixes Market?
- What is the market share of the leading vendors in the Vitamin & Mineral Premixes Market?
- Which modes and strategic moves are suitable for entering the Vitamin & Mineral Premixes Market?
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Vitamin & Mineral Premixes Market, by Form
7. Vitamin & Mineral Premixes Market, by Function
8. Vitamin & Mineral Premixes Market, by Type
9. Vitamin & Mineral Premixes Market, by Application
10. Americas Vitamin & Mineral Premixes Market
11. Asia-Pacific Vitamin & Mineral Premixes Market
12. Europe, Middle East & Africa Vitamin & Mineral Premixes Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix
List of Figures
List of Tables
Companies Mentioned
- Archer Daniels Midland Company
- Bar-Magen Ltd.
- Barentz International BV
- BASF SE
- BRF S.A.
- Calico by Vivify Company
- Cargill, Incorporated
- Chemische Fabrik Budenheim KG
- Corbion N.V.
- Dansk Landbrugs Grovvareselskab A.M.B.A.
- DuPont de Nemours, Inc.
- Farbest-Tallman Foods Corporation
- Fenchem
- Glanbia PLC
- H Plus Limited
- Hellay Australia Pty. Ltd
- Hexagon Nutrition Pvt. Ltd.
- HRS Kimya
- Incoltec
- Ingredion Incorporated
- Innov Ad NV/SA
- Jubilant Life Sciences Limited
- Kaesler Nutrition GmbH
- Koninklijke DSM N.V.
- Lek Veterina d.o.o.
- LycoRed Ltd.
- MILLBÄKER SAS
- Nutreco N.V.
- Nutri-Link Ltd.
- Piramal Group
- Prinova Group LLC
- Prosol S.p.A.
- RITS Lifesciences Private Limited
- Roquette Frères S.A.
- S.I.N. HELLAS
- Spansules Pharmatech Pvt Ltd.
- SternVitamin GmbH & Co. KG
- Sweesy Animal Nutrition Co. Ltd.
- Vetlife Licking Block and Feed Additives LTD
- Vitablend Nederland B.V.
- VITALAC
- Wright Enrichment Inc.
- Zagro
- Zhejiang Weishi Biotechnology Co.,Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 184 |
| Published | March 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 14.49 Billion |
| Forecasted Market Value ( USD | $ 30.25 Billion |
| Compound Annual Growth Rate | 13.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 44 |
