The North America Vitamin & Mineral Premixes Market would witness market growth of 5.4% CAGR during the forecast period (2022-2028).
Nutrient premixes are used in a variety of applications by food, beverage, nutraceutical and pharmaceutical manufacturers throughout the world. They offer numerous benefits, such as streamlining the production process as the combination provides a single source of multiple nutrients. Additionally, manufacturers will experience savings on labor, inventory and testing.
Premixes also offer greater consistency and address issues surrounding product taste and texture early in the development stage, as well as eliminate any chance of error during the manufacturing process where missing a small amount or incorrectly weighing an ingredient may cause a potential deficit of that nutrient and a possible recall. When more than one nutrient is being used in a fortification blend, the formulator must consider interactions, both positive and negative, that could take place.
Vitamin and mineral premixes can be supplemented by various additives per the customer's needs: enzymes, growth promoters (natural or antibiotic), amino acid combinations and coccidiostats. Adding these ingredients directly into the premixes helps to ensure that they are properly and evenly blended in the feeding mixture. The vitamin premixes are being manufactured by marketers to suit the wide spectrum of needs and requirements of the many different customers and in following with the nutritional recommendations of the accompanying nutritionist.
Broad interest in the some of the that selected foods that might boost health has resulted in the development of the functional food demand in North America. Health care in the United States is responsible for a significant portion of the GNP. Improper dietary habits are viewed by majority as result in a poor health and related health care costs. Dietary aspects are considered as becoming the key reasons of death of Americans, which are majorly the result of malnutrition. The growing popularity of functional foods across the region is resulting in the increased demand for vitamin & mineral premixes as an ingredient for such food & beverages, thereby supporting market growth.
The US market dominated the North America Vitamin & Mineral Premixes Market by Country in 2021; thereby, achieving a market value of $2,624 Million by 2028. The Canada market is experiencing a CAGR of 7.5% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 7.2% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Vitamin & Mineral Premixes Market is Predict to reach $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
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