Asia Pacific Vitamin & Mineral Premixes Market Size, Share & Industry Trends Analysis Report By Type (Vitamin, Vitamin & Mineral Combination and Mineral), By Form, By Application (Feed, Healthcare, Food & Beverages), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Vitamin & Mineral Premixes Market would witness market growth of 6.9% CAGR during the forecast period (2022-2028).
The demand for vitamin & mineral premixes is accelerating to be used as functional food ingredients due to the rising demand for multiple functional supplementation from customers. Functional beverages in recent years have become more appealing to consumers to address their specific wants and desires.
As the number of individuals opting for food and beverage products in context with building and supporting a healthy lifestyle increases, they seek nutraceuticals products and brands that enhance their lives. Numerous beverages, which offer several additional nutrient benefits to individuals, such as energy drinks, fortified tea, and coffee, are widely considered beneficial for boosting human performance.
Moreover, the prominent players are also investing in fortifying the existing products as well as innovating novel products that are enriched with custom-compounded nutritional ingredients. The usage of food premix is one of the cost-effective strategies that also saves the time and efforts of consumers. Factors, such as rising demand for medical nutrition and a spike in incidences of malnutrition or other health-related disorders, can significantly augment the market growth.
The APAC region would witness a massive demand for dietary supplements due to the growing demand for the product from the nations like China and India, which would fuel the growth of the regional market. Various companies providing dietary supplements are constantly upgrading their product offerings and rolling out new products. Also, a wide population in the region is living with malnutrition as a problem which rises the need for dietary supplements that cloud help them with the nutrition deficiency. All these aspects are anticipated to create new growth avenues for industry players operating in the regional vitamin & premixes market during the forecasting period.
The China market dominated the Asia Pacific Vitamin & Mineral Premixes Market by Country in 2021; thereby, achieving a market value of $874.5 Million by 2028. The Japan market is registering a CAGR of 6.3% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 7.6% during (2022 - 2028).
Based on Type, the market is segmented into Vitamin, Vitamin & Mineral Combination and Mineral. Based on Form, the market is segmented into Dry and Liquid. Based on Application, the market is segmented into Feed, Healthcare, Food & Beverages and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Vitamin & Mineral Premixes Market is Projected to reach USD 10.4 Billion by 2028, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BASF SE, Glanbia PLC, Archer-Daniels-Midland Company, Koninklijke DSM N.V., Corbion N.V., Nutreco N.V. (SHV Holdings N.V.), SternVitamin GmbH & Co. KG (Stern-Wywiol Gruppe GmbH & Co. KG), Vitablend Nederland B.V., Wright Enrichment, Inc. and Farbest Brands
Scope of the Study
Market Segments Covered in the Report:
- Vitamin & Mineral Combination
- Food & Beverages
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- BASF SE
- Glanbia PLC
- Archer-Daniels-Midland Company
- Koninklijke DSM N.V.
- Corbion N.V.
- Nutreco N.V. (SHV Holdings N.V.)
- SternVitamin GmbH & Co. KG (Stern-Wywiol Gruppe GmbH & Co. KG)
- Vitablend Nederland B.V.
- Wright Enrichment, Inc.
- Farbest Brands
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Global Vitamin & Mineral Premixes Market Report 2022-2028
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