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Detailed Study of the Vitamin and Mineral Premixes Market 2028

(Food-Beverage-News.Com, October 19, 2021 )

Market Overview:
Vitamin and mineral premixes are intended to provide essential nutritional needs which contain a mix of vitamins, trace elements, minerals, and other nutritional additives. The demand for fortified food and beverages is increasing from the middle-class working population because of the growing health consciousness.

This has encouraged manufacturers to increasingly use vitamin and mineral premixes to make healthy and fortified products that are low in calories and cholesterol. Increasing demand for fortified & functional food products, growing need for food enrichment due to high processing levels of food products, and growth in compound feed consumption have led to an increased demand for vitamin & mineral premixes.

View full report: https://www.datamintelligence.com/research-report/vitamin-and-mineral-premixes-market

Market Dynamics:
Rising demand from poultry farming as a feed additive

Balance of minerals and vitamins in poultry intakes is frequently grown to optimize diet compositions and satisfy the needs of modern poultry production. While vitamin and mineral nutrition plays a small part incomplete nutrition, they are vital in poultry well-being and support essential body functions such as fertility, performance, growth, and immunity.

The continual increase in production and performance levels, husbandry challenges, environmental requirements, feedstuffs, and animal welfare means that vitamin and mineral nutrition is adequate and needs a regular and accurate assessment in all animal production systems.

Vitamins are active, organic compounds crucial for body functions and significantly impact only small amounts in the feed to maintain physiological functions. Poultry premixes may give more than nutrition through the inclusion of feed premixes. Feed premixes are added on top of a finished feed diet or provided within the mineral feed or premix.

In modern poultry husbandry, difficulties usually occur; by feeding vitamin and mineral premixes, farmers can protect, support, and rehabilitate their poultry flocks. The use of vitamins in cattle feed ensures normal growth, reproduction. Vitamin also promotes the normal functioning of the neurological system. Rising demand for meat and dairy products which also act as a source of vitamins and minerals is increasing the demand for global cattle feed. The growth in the global cattle feed market size that was evaluated to be $17 - $19 billion in 2019 is one of the drivers for the increase in the vitamin and mineral premixes market.

Market Segmentation:
By Type
• Vitamins
• Minerals
• Vitamin & Minerals
By Form
• Powder
• Liquid
By Function
• Bone Health
• Skin Health
• Energy
• Immunity
By Application
• Food and Beverages
• Animal Feed
• Healthcare
• Others

Download free sample: https://www.datamintelligence.com/download-sample/vitamin-and-mineral-premixes-market

Geographical Penetration:
Asia Pacific is expected to grow with the highest CAGR in the global vitamin & mineral premixes market during the forecast period

Asia-Pacific is expected to dominate the market for vitamin and mineral premixes and is expected to be the fastest-growing regional market during the forecast period. Vitamin and mineral premixes are broadly used in the animal feed industry, which is a significant factor pushing the market's growth in Asia-Pacific. China is the largest market for animal feed globally, which is expected to grow the regional vitamin and mineral premixes market. Further, increasing health awareness amongst populations is expected to grow in Asia-Pacific during the forecast period.

Growing demand for healthy foods and beverages is increased, owing to the low level of exposure to primary nutrients caused by the high consumption of prepared & convenience foods, with the reason being consumers' busy lifestyles. Asia Pacific market is expected to register the highest CAGR in terms of revenue over the forecast period 2021-2028, owing to the changing lifestyles of customers, growing population in countries such as India and Japan, and rising income level

Competitive Landscape:
The global vitamin & mineral premixes market is fragmented. Some of the key players contributing to the market's growth include DSM, Glanbia plc, Vitablend, SternVitamin GmbH & Co, Watson Inc., Wright Enrichment Inc., Zagro, Trouw Nutrition, Burkmann Industries, Inc., Bar - Magen LTD companies, among others. The significant players embrace various growth strategies such as acquisitions, product launches, collaborations, and contributing to the growth of the vitamin and mineral premixes market globally.

In February 2020, DSM has acquired a Denmark-based Biotechnology company named Glycom for about $ 836 Million. The motive of this acquisition was to add Human Milk Oligosaccharides (HMO) to its portfolio of nutritional lipids, vitamins, and nutrient premixes for the early life nutrition industry. In February 2019, Glanbia a custom nutrition premix industry has agreed to acquire Watson Inc for $ 89 Million to provide a highly complementary addition to the Nutritional Solutions Business and will help broaden capabilities in the ingredients sector.

Topic's you may be interested, Low Calorie Sweeteners Market, Stevia Market, Frozen Seafood Market, Organic Juices Market, Energy Bars Market

DataM Intelligence

Sai Kiran

+1 877 441 4866

pr@datamintelligence.com

Source: EmailWire.Com
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