The "Vitamin & Mineral Premixes Market by Type (Vitamins, Minerals, Vitamin & Mineral Combinations), Application (Food & Beverages, Feed, Healthcare, and Personal Care), Form (Powder and Liquid), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The vitamin & mineral premixes market is estimated at USD 6.93 Billion in 2017 and is projected to reach USD 8.93 Billion by 2022, at a CAGR of 5.2% from 2017.

In terms of volume, the market is projected to reach 1,615.76 KT by 2022. The growth of this market is attributed to the growing demand for fortified food & beverage products, the rise in consumption of compound feed, the growing need for food enrichment due to high processing levels of food products, and customized nature & specificity to individual customer requirements.

Due to the high consumption of fortified food products in the US and Canada, the North American region accounted for the largest share in the vitamin & mineral combination premixes market in 2016.

The Asia Pacific region dominated the vitamin & mineral premixes market and is projected to grow at a significant rate from 2017 to 2022, in terms of both value and volume. China is projected to be the fastest-growing market in the region. China is one of the largest producers and consumers of feed in the world, thus increasing the demand for different fortified feed additives and ingredients, which, in turn, drives the vitamin & mineral premixes market.

Key players such DSM (Netherlands), Corbion (Netherlands), Glanbia (Ireland), Vitablend Nederland (Netherlands), Watson (US), SternVitamin (Germany), The Wright Group (US), Zagro Asia (Singapore), Nutreco (Netherlands), Farbest-Tallman Foods Corporation (US), Burkmann Industries (US), and Bar-Magen (Israel) have been profiled in the report.

Market Dynamics

Drivers

  • Growth in Demand for Functional And Fortified Foods
  • Growth in Need for Food Enrichment Due to High Processing Levels of Food Products
  • Growth in Compound Feed Consumption
  • Customizability And Specificity to Individual Customer Requirements
  • Convenience in Usage As a Single Ingredient Instead of Multiple Ingredients

Restraints

  • High Costs Involved in R&D Activities
  • Higher Costs of Fortified And Enriched Products
  • Stringent & Time-Consuming Regulatory Policies for Fortification of Feed

Opportunities

  • Growing Consumer Inclination Toward Health Foods
  • Developing Countries Emerge As Strong Consumers in the Feed Application

Challenges

  • Inaccurate Labeling of Food Products

Companies Mentioned

  • Bar-Magen Ltd.
  • Burkmann Industries, Inc.
  • Corbion
  • DSM
  • Farbest-Tallman Foods Corporation
  • Glanbia
  • Nutreco
  • Sternvitamin
  • The Wright Group
  • Vitablend Nederland
  • Watson Inc.
  • Zagro Asia Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/2dr32g/vitamin_and?w=4