In the United States the vitamin premix market is expected to grow at a CAGR of 7.3%, reaching USD 647 million by 2034. This growth is driven by rising demand for sports nutrition products and high per capita spending on premium, customized nutrition products.
NEWARK, DE / ACCESSWIRE / August 19, 2024 / The vitamin premixes market size is projected to surpass USD 1,389.9 million in 2024 and to reach USD 2,971.0 million by 2034. Demand for Vitamin Premixes have a CAGR of 7.9% throughout the forecast period (2024-2034).
The impact of premix on food perception has been a critical factor for various industries. The skyrocketing sales of vitamin premixes have shown significant growth over the past few years driven by rising awareness about food consumption and potential applications of vitamin premixes. A noteworthy shifting trend toward food and feed products that are blended with various vitamins, nucleotides, minerals, etc is encouraging the key market players to enhance their production volume. Key manufacturers in the market are actively looking to fortify their products with various micronutrients, which are tailored to consumers' product preferences.
Key players in the market are cautiously keeping an eye on accurate production processes and fortifications of vitamins, minerals, and functional ingredients to match their products with consumer trends and expanding manufacturing plants to maintain the global supply chain of products
In recent years, digitization has fueled rapid expansion across industries globally. The widespread adoption of digitization in the global economy has led to significant growth.
Key Takeaways from the Vitamin Premixes Market Study
The trend towards customized vitamin premixes is driven by the evolving needs of consumers and the dietary supplement industry. These specialized nutrient blends offer a range of benefits, including enhanced nutritional profiles, improved manufacturing efficiency, and cost-effectiveness.
Rising consumption of sleep-related supplements due to rapid urbanization, long working hours in developed countries, and shorter periods of deep sleep owing to an increase in the usage of vitamins in sleep-related supplements.
Surge in production and a significant number of consumers of ready-to-eat food products because of urbanization and frantic routines are anticipated to lift the application of vitamin premixes. Convenient and packed food foodstuffs are normally nutrition deficient and high in trans fats and carbs, which has transformed the arcade for food fortification.
"It is anticipated that the growing amount of consumer trend about nutritional value food can increase the sales of vitamin premixes which can be used by the food and beverages industry." says Nandini Roy Choudhury, Client Partner at Future Market Insights.
Who is winning?
Due to the rising end user industry demand for Vitamin Premixes, several leading manufacturers are focusing on offering it at the best possible pricing. To increase their market share and manufacturing capacity while expanding their industrial footprints, some businesses have used integrated production methods. Leading producers of Vitamin Premixes are investing in employing multiple raw materials so that they can enhance their production.
Leading Vitamin Premixes Brands
DSM
Glanbia plc
Vitablend
SternVitamin GmbH & Co
Watson Inc.
Wright Enrichment Inc.
Zagro
Trouw Nutrition
Burkmann Industries, Inc.
Bar-Magen LTD companies
Get Valuable Insights into Vitamin Premixes Market
Future Market Insights, in its new offering, provides an unbiased analysis of the Vitamin Premixes Market, presenting historical demand data (2019-2023) and forecast statistics for the period from 2024-2034. The study divulges compelling insights on the Vitamin Premixes market based on Form (Powder and Liquid), by Function (Bone Health, Immunity, Digestion, Energy, Heart Health, Weight Management, Vision Health, Brain Health & Memory, Resistance), by Application (Food Sector, Dietary Supplements, Pharma OTC Drugs, Pet Food) across seven major regions.
Access the Full Report on Vitamin Premix Market Trends and Projections Now! https://www.futuremarketinsights.com/reports/vitamin-premix-market
Authored by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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The global feed premix market size is expected to reach USD 8.8 billion by 2024, growing at a CAGR of 3.3%, with a projected industry value of USD 12 billion by 2034.
The demand for food premix market is expected to reach USD 1.9 billion in 2024 and grow at a CAGR of 5.2% over the next decade, reaching USD 3.3 billion by 2034.
The global plant-based premix market size is expected to reach USD 345.4 million by 2024, growing at a CAGR of 8.5%, with a projected size of USD 784.5 million by 2034.
The customized premix market size is projected to reach USD 9.74 billion in 2024 and grow at a steady CAGR of 6.1%, potentially reaching USD 17.65 billion by 2034.
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