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Vitamin & Mineral Premixes Market by Type, Application, Form And Region - Global Forecast to 2022

Vitamin & Mineral Premixes Market: Global Forecast until 2022

  • January 2018
  • 161 pages
  • ID: 5292514
In this report:
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The population of developing countries in the Asia Pacific region-such as India, China, Indonesia, Vietnam, and Thailand-are expected to consume meat at an annual rate of ##.##% till 2030, according to FAO report on "World Agriculture: Towards 2015/2030".

Summary

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The vitamin & mineral premixes market is estimated to rise at a compound annual growth rate of 5.20 percent.

The vitamin & mineral premixes market is projected at ~$6.9B in 2017 and is projected to extend ~$8.9B by 2022, at a compound annual growth rate of 5.20 percent from 2017, in terms of value concern. The rise of this market is assigned to the increasing demand for fortified food & beverage products, the increase in consumption of compound feed, the increasing need for food enrichment due to high processing levels of food products, and customized nature & specificity to individual customer requirements.

High costs of fortified and enriched products, strict regulatory policies for feed fortification, and involvement of high costs for Research&development activities are some of the restraining factors affecting the increase of this market.

The feed segment to lead the vitamin & mineral premixes market through 2022.

In 2017, the feed segment recorded for the biggest share of the vitamin & mineral premixes market, in terms of value significance. Insufficient nutrition is a main cause of low live-weight gains, infertility, low milk yields, and other health issues in animals.

Premixing ensures the right blend of all micro-ingredients-in the right proportion, purity, form, distribution, and potency-required in the complete animal feed. Rise in consumer awareness concerning required pet nutrition has led to the demand for specialty nutrition and condition-specific pet health formulas including vitamin & minerals premixes for feed applications.

The vitamin & mineral combinations segment is expected to dominate and grow at the maximal rate in the vitamin & mineral premixes market in 2017.

The big market share of vitamin & mineral combinations in different food & feed applications can be accredited to these products being a cost-effective solution to customers and availability of multiple nutrients to humans and animals.

The sector for vitamin & mineral combinations segment is forecasted to grow at a significant rate due to the prevalence of vitamin and mineral deficiencies, anemia in developing countries and rised consumer preferences for blends of various functional ingredients. Leading manufacturers are tapping this opportunity and addressing the malnutrition by introducing blends of vitamin & mineral premixes for a wide range of applications.

North America continent is forecasted to be the biggest market for vitamin & mineral premixes in 2017.

North America (NA) recorded for the biggest share in 2017, in terms of value importance. The market demand for healthy foods and functional foods & beverages has rised, due to the low level of exposure to essential nutrients caused by the high consumption of processed & convenience foods due to the consumers' busy lifestyles.

Therefrom, the industry demand for vitamin & mineral premixes is anticipated to rise in the outlook with the increased feed production. Vitamin & mineral premixes are increasingly used in new product applications including cereal-based products, dairy products, nutritional foods, beverages, infant formulas, and dietary supplements.

Break-up of Primaries:

• By Company category: Tier 1 - 45.0 percent, Tier 2 - 33.0 percent, and Tier 3 - 22.0 percent

• By Description: C - level - 45.0 percent, D - Level -33.0 percent, and Others* - 22.0 percent

• By Area: North America continent - 11.0 percent, EU - 11.0 percent, Asia-Pac - 45.0 percent, and RoW** - 33.0 percent

*Others contain sales managers, marketing managers, and product managers.

**RoW includes the Middle East (ME) and African continent.

The key players in the vitamin & mineral premixes market are DSM, Corbion, Glanbia, Vitablend Nederland, Watson, SternVitamin, The Wright Group, Zagro Asia, Nutreco, Farbest-Tallman Foods Corporation, Burkmann Sectors, and Bar-Magen.

Segment Research

The vitamin & mineral premixes market is divided on the basis of type, application, form, and area. The type market is divided into vitamins, minerals, and vitamin & mineral combinations.

The application segment is detached into food & beverages, feed, healthcare, and personal care. The source segment is detached into powder and liquid. On the basis of area, the sector is divided into North America, Europe (EU), Asia Pacific (APAC), and the Rest of the globe. The market research also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, competitive leadership mapping, recent evolutions, and key industries strategies.

Main highlights

• To get a comprehensive overview of the vitamin & mineral premixes market with specific reference to distinct application sectors

• To benefit a wide range of information about the top actors in this market, their products portfolios, and top strategies approved by them

• To benefit insights of the main regions/territories in which the vitamin & mineral premixes sector is prospering

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