Vitamin & Mineral Premixes Market worth $8.93 Billion by 2022

16/apr/2019 14:57:40 MarketsandMarkets Contatta l'autore

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The report  " Vitamin & Mineral Premixes Market report categorizes the global market by Application (Feed, Healthcare, Food & Beverages, and Personal Care), Type (Minerals, Vitamins, Vitamin & Mineral Combinations), Form (Powder and Liquid), and Region  - Global Forecast to 2022 " . The vitamin and mineral market was valued at USD 6.59 Billion in 2016 and projected to reach USD 8.93 Billion by 2022, growing at a CAGR of 5.2% from 2017, in terms of value. In terms of volume, the market is projected to reach 1,615.76 KT by 2022.

The years considered for the study are:

  • Base year - 2016
  • Estimated year– 2017
  • Forecast period - 2017 to 2022

The objectives of this study are:

  • To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To analyze the competitive environment of the market
  • To provide the analysis of the research & development spending and funding activities in the market
  • To project the size of the market, in terms of value (USD billion) in the key regions, namely, North America, Europe, Asia Pacific, South America, and the Rest of the World (RoW)
  • To strategically profile the key players and comprehensively analyze their core competencies
  • To analyze competitive developments, mergers, acquisitions, expansions, agreements / joint ventures, collaborations, and new product launches — in the market

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Increased demand for food products, growth in food products, and growth in compound feeds Also, if you are not familiar with the two issues, you are focusing on comparing different brands. Such consumers' inclination provides an opportunity for the growth of the vitamin and mineral premixes market.

T he vitamin & mineral combinations segment accounted for the largest share during the forecast period.

In 2016, on the basis of type, the vitamin and mineral combinations segment accounted for the largest share, in terms of both value and volume. The large market share of vitamin and mineral combinations in food products is a cost-effective solution to customers and supplying multiple nutrients to humans and animals. Also, one of the main factors of fueling the growth of this market is the occurrence / prevalence of vitamin & mineral deficiencies and anemia in developing countries. Leading manufacturers are tapping this opportunity and addressing malnutrition concerns by introducing blends of vitamin and mineral premixes for a wide range of applications.

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Healthcare: The fastest growing application in the vitamin and mineral premixes market.

In 2016, the healthcare segment accounted for the largest share of the vitamin and mineral market in terms of value, and was projected to grow at the highest CAGR from 2017 to 2022. With the increased occurrence of health problems such as obesity, malnutrition , and weak immune systems and laughed in geriatric population, the demand for dietary supplements and products which are high in nutrition has increased. Significant growth in the demand for infant formula products is one of the major driving factors of growth in the healthcare segment.

Asia  Pacific is projected to be the fastest-growing market for vitamin & mineral premixes.

The demand for food and feed products with specific health. The major drivers for vitamin and mineral premixes in this region are the growing regional population; laughed in disposable incomes; rapid urbanization, especially in China, India, and Japan; and continuous modernization in the food & feed industry. Rising population and changing consumer tastes and preferences for healthy and sustainable lifestyles drive growth of the vitamin and mineral premixes market.

This report studies marketing and development strategies, such as DSM (Netherlands), Corbion (Netherlands), Glanbia (Ireland), Vitablend Nederland (Netherlands), Watson (US), SternVitamin (Germany), The Wright Group (US), Zagro Asia (Singapore), Nutreco (Netherlands), Farbest-Tallman Foods Corporation (US), Burkmann Industries (US), and Bar-Magen (Israel).

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