The vitamins and mineral premixes are an excellent amalgamation of all essential nutrients. They possess vitamins and minerals in unique proportions. These premixes include vitamins, minerals, and essential nutrients. The consumption of these premixes in suitable quantities aids to the development and growth of the body.
Based on product type, the food grade vitamins and mineral premixes market is bifurcated into multi vitamin & mineral premixes and compound vitamin & mineral premixes. The market is further bifurcated on the basis of form as powder and liquid. The liquid form is easily digested and absorbed by the body whereas, powdered form accounts for having the highest share due to convenience of storing and packaging.
North America accounts for having the highest market share across the globe due to growing demand of functional food in countries like U.S., Canada, and Mexico. The food grade vitamin and mineral premixes market has witnessed remarkable growth due to growing awareness of people about health and demand for fortified food. The geriatrics across the globe is recommending these products. The food grade vitamins and mineral premixes market is expected to grow at a substantial rate during the forecast period.
Covid-19 Scenario Analysis
- As per as the prevailing conditions are concerned, there has been a significant demand of immunity boosting products.
- The closure of industries due to lockdown has affected both the scale of production and the growth rate of market.
- Export-import is at halt.
- Meeting consumers demand is a challenging issue for the manufacturers.
- The market will witness an upward surge due to high demand of immunity boosting supplements.
- The companies will opt for E-commerce channels to recover the loss caused by the outbreak.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Increase in the purchasing power, surge in awareness towards fortified food, inclination towards emerging trends, celebrity endorsements, rapid urbanization, change in the mindset of people, and easy availability of E-commerce websites is fuelling the growth of global food grade vitamins and mineral premixes market.
The intense research and development and consistent improvisation in the benefits that is yielded by product are creating a large customer base, thereby generating revenue.
Vitamins and mineral premixes are blends of essential nutrients, vitamins and minerals needed for proper functioning and growth of the body. They help to repair cellular damage, heal wounds, make bones strong and boost the immunity system and are essential in the diet as they reduce the risk of certain diseases. Also, they also help in providing a rich glow and healthier look to the skin. Owing to its various health benefits, these premixes are widely used in the sports nutrition, food and beverages industry and infant formula in the form of liquid and powder premixes.
The Global Food Grade Vitamins and Mineral Premixes Market Trends
Introduction of Customized Products
- The companies are launching customized and new product and bringing consistent modifications in the products to meet the demands of the consumers, thereby generating revenue. Food applications like low fat beverages in sports nutrition segment are escalating the demand of these premixes.
Strategies Adopted by Key Players to Enhance their Market Position
- The key players are expanding their business through mergers & acquisitions, joint ventures, partnerships, collaborations etc to extend their global footprint. For example, Sternvitamin to strengthen its market position has launched individualised micronutrient premixes for different age groups to cater to the needs of people. In addition, there are some companies that are presenting nutrient premixes for newfangled lifestyle drinks.
Diversification of Distribution Channels
- The distribution channels are also getting diversified and expanded. The online platform is increasing the reachability, accessibility and viability of the business. The major industries are tying up with brick and mortar stores so that the local market can be tapped and products can be acquired easily.
Key Benefits of the Report
- This study presents the analytical depiction of the global food grade vitamins and mineral premixes market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global food grade vitamins and mineral premixes market share.
- The current market is quantitatively analyzed to highlight the global food grade vitamins and mineral premixes market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global food grade vitamins and mineral premixes market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Food Grade Vitamins and Mineral Premixes Market Research Report
- Which are the leading players active in the food grade vitamins and mineral premixes market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Key Market Segments
- By Product Type
- Multi Vitamin & Mineral Premixes
- Compound Vitamin & Mineral Premixes
- By Form
- By Functionality
- Skin Health
- Bone Health
- Immunity
- Others
- By Application
- Clinical Nutrition
- Infant Formulae
- Sport Nutrition
- Nutritional Drinks
- Dairy
- By Region
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Malaysia
- Thailand
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Middle East
- Brazil
- Rest of LAMEA
Key Market Players
- Vitablend
- DSM
- SternVitamin
- DuPont
- Watson Inc
- BASF SE
- Hexagon Nutrition
- Jubilant Life Sciences Limited
- Glanbia Nutritionals
- Corbion N.V