The global vitamin and mineral premixes market has been segregated, by form, into powder and liquid. The powder segment is expected to be the largest and fastest-growing vitamin and mineral premixes market during the assessment period. The stable nature of the powder form and convenience in packaging powdered vitamin and mineral premixes is expected to drive the growth of the segment.
The global market for vitamin and mineral premixes has also been classified, by application, as food & beverage, animal feed, healthcare, and personal care products. The food & beverage segment has further been divided into bakery products, beverages, dairy products, and others. Moreover, the healthcare segment has been further classified as nutritional products and dietary supplements. The animal feed segment is expected to dominate the market due to the widespread use of vitamin and mineral premixes in the fortification of feed. However, the healthcare segment is expected to register the highest CAGR during the forecast period owing to the increasing demand for dietary supplements.
Regional Analysis
On the basis of region, the global vitamin and mineral premixes market has been segmented by North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to be the largest and fastest-growing vitamin and mineral premixes market due to the presence of key animal feed manufacturers in the region. Moreover, the prevalence of malnutrition has led a demand for fortified food products, offering opportunities to players in the global vitamin and mineral premixes market. Emerging markets such as China and India are projected to contribute to the growth of the regional vitamin and mineral premixes market.
Key Players
Some of the key players in the global vitamin and mineral premixes market are Koninklijke DSM NV (Netherlands), Corbion NV (Netherlands), Glanbia PLC (Ireland), Wright Enrichment Inc. (US), Vitablend Nederland BV (Netherlands), Nutreco NV (Netherlands), SternVitamin GmbH & Co. KG (Germany), Watson Inc. (US), Chemische Fabrik Budenheim KG (Germany), and Farbest Brands (US).
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