PUBLISHER: The Business Research Company | PRODUCT CODE: 1671021
PUBLISHER: The Business Research Company | PRODUCT CODE: 1671021
Vitamin and mineral premixes are blends of essential vitamins and minerals formulated to meet specific nutritional requirements. These premixes are widely used in the food and beverage industry to enhance products with vital nutrients.
The primary types of vitamin and mineral premixes include vitamin and mineral combinations, as well as individual vitamin and mineral formulations. Vitamin and mineral combinations are products designed to support specific health needs or address nutrient deficiencies. These premixes are available in various forms, including dry and liquid formulations, and find applications in feed, healthcare, food and beverages, and personal care industries.
The vitamin and mineral premixes market research report is one of a series of new reports from The Business Research Company that provides vitamin and mineral premixes market statistics, including vitamin and mineral premixes industry global market size, regional shares, competitors with a vitamin and mineral premixes market share, detailed vitamin and mineral premixes market segments, market trends and opportunities, and any further data you may need to thrive in the vitamin and mineral premixes industry. This vitamin and mineral premixes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The vitamin and mineral premixes market size has grown strongly in recent years. It will grow from $8.92 billion in 2024 to $9.5 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to nutritional deficiency awareness, rise in functional foods, global population growth, expansion of the food and beverage industry, and government initiatives for fortification
The vitamin and mineral premixes market size is expected to see strong growth in the next few years. It will grow to $12.71 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to rising demand for personalized nutrition, elderly population growth, expansion of the nutraceutical industry, increased fortification of plant-based products, and focus on immune health. Major trends in the forecast period include advancements in food processing technologies, clean labels and natural ingredients, innovation in delivery formats, collaborations and partnerships, technology integration in manufacturing, and focus on mental health ingredients.
The rising awareness of health is expected to drive the growth of the vitamin and mineral premixes market in the future. Health awareness encompasses an individual's knowledge, understanding, and consciousness about health-related topics, issues, and practices. Vitamin and mineral premixes are utilized to efficiently and cost-effectively provide highly personalized products. These premixes can help raise health awareness by addressing nutrient deficiencies and offering targeted nutrient support. For example, in 2022, the Office for National Statistics, a UK-based national statistics organization, reported that healthcare expenditure in the UK reached approximately $354.88 billion (£283 billion), showing a nominal increase of 0.7% compared to 2021 spending. Thus, the increasing awareness of health is fueling the growth of the vitamin and mineral premixes market.
The expansion of the food service industry is anticipated to be a significant factor propelling the growth of the vitamin and mineral premixes market. The food service industry, encompassing businesses involved in food and beverage preparation, distribution, and sale, relies on vitamin and mineral premixes to enhance the nutritional value of diverse food offerings. An article by USA Today reported a notable increase in the U.S. restaurant industry's sales, reaching $898 billion in 2022-an additional $166.5 billion compared to 2021. This growth in the food service industry contributes to the increased demand for vitamin and mineral premixes, highlighting their importance in fortifying menu items.
A noteworthy trend in the vitamin and mineral premixes market is the emphasis on product innovation by companies to maintain their competitive edge. SternVitamin, a Germany-based developer of premixes, introduced the SternFocus micronutrient premix in March 2022. Uniquely designed to support mental and cognitive performance, it includes selected micronutrients such as L-tyrosine and Bacopa monnieri, strengthening stress resistance with the help of B vitamins and the adaptogen Rhodiola rosea.
Major companies in the market are adopting a strategic partnership approach to leverage specific expertise, resulting in a comprehensive offering for customers. A notable partnership is observed between BASF SE, a Germany-based chemicals company, and EDCEL Limited, a Nigeria-based food technology company. Their collaboration aims to launch a vitamin A premix for fortifying edible oils, addressing vitamin A and D deficiencies through oil fortification-a primary source of fat in many diets.
In March 2023, Vilomix, a Denmark-based animal feed manufacturing company, acquired Vitamix, a Brazil-based manufacturing company specializing in animal nutrition and premixes. This acquisition is expected to strengthen Vilomix's position in developing feed additives and customized premix solutions.
Major companies operating in the vitamin and mineral premixes market include Cargill Incorporated, The Archer-Daniels-Midland Company, BASF SE, Koninklijke DSM NV, Glanbia plc, Alltech Inc, Nutreco NV, Barentz International BV, Corbion NV, Kemin Industries Inc., Innovd SA, Hexagon Nutrition Limited, Jubilant Ingrevia Limited, Wright Enrichment Inc., NutraBlend Foods LLC, Pharmline Inc, Burkmann Industries Inc., Promois International, Pristine Organics Private Limited, Bar - Magen Ltd., Nutrilo GmbH, Idena, Simfa Labs Private Limited, Vitablend Nederland BV, SternVitamin GmbH & Co KG, Prinova Group LLC, Zagro Asia Ltd., Farbest-Tallman Foods Corporation, Nutrasun Lifecare, Preconex N.V.
North America was the largest region in the vitamin and mineral premixes market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vitamin and mineral premixes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the vitamin and mineral premixes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The vitamin and mineral premixes market consists of sales of premix powder, nutritional products, and capsules. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Vitamin And Mineral Premixes Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on vitamin and mineral premixes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for vitamin and mineral premixes ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The vitamin and mineral premixes market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.