According to a new report, published by KBV research, The Global Vitamin & Mineral Premixes Market size is expected to reach $10.4 billion by 2028, rising at a market growth of 6.2% CAGR during the forecast period.
The Vitamin & Mineral Combination market is exhibiting a CAGR of 6.6% during (2022 – 2028). The popularity of vitamin & mineral premixes, compared to individually manufactured vitamin premixes and mineral premixes, can be attributed to the increased consumer preference for blends of different functional ingredients to attain optimum health.
The Dry market is leading the segment in the Global Vitamin & Mineral Premixes Market by Form in 2021; thereby, achieving a market value of $7.1 Billion by 2028. Vitamin & mineral premixes are widely used in the powdered form, as they are more stable than the liquid form. The convenient packaging of powdered premixes reduces complexities in supply chain processes, resulting in the increased popularity of this form.
The Food & Beverages market is experiencing a CAGR of 6.4% during (2022 - 2028). In the present scenario, with busy lifestyles and high exposure to processed foods, it is difficult to maintain the ideal levels of vitamin & mineral intake daily. Lower intake of such essential nutrients has negatively impacted the population's health and well-being. In such cases, food & beverage products fortified with essential nutrient premixes, such as vitamins & minerals, play an important role in convenience and exposure to ideal levels of essential nutrients.
The North America market dominated the Global Vitamin & Mineral Premixes Market by Region in 2021; thereby, achieving a market value of $3.6 Billion by 2028. The Asia Pacific market is anticipated to grow at a CAGR of 6.9% during (2022 - 2028). Additionally, The Europe market would witness a CAGR of 5.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/vitamin-mineral-premixes-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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