The global vitamins and minerals premix market was valued at USD 2,752.61 million in 2024. It is projected to reach USD 2,940.98 million by 2025 and is anticipated to grow further to USD 4,961.14 million by 2032, reflecting a compound annual growth rate (CAGR) of 7.76% over the forecast period. In 2024, the Asia Pacific region accounted for the largest market share at 37.09%, making it the dominant regional player.
Vitamins and minerals premixes are customized blends containing essential micronutrients—including vitamins, minerals, and trace elements—designed for use in food and animal feed products. The increasing global demand for these blends is driven by a rising consumer focus on health and wellness, the growing adoption of protein-rich diets, higher disposable incomes, and continued innovation in the nutrition and food sectors. Prominent companies in this market include Koninklijke DSM N.V., Corbion N.V., Vitablend Nederland BV, Hexagon Nutrition Ltd., and Barentz International BV.
Information Source: https://www.fortunebusinessinsights.com/vitamin-and-mineral-premixes-market-112592
Market Trends
Rising Demand for Functional Foods Boosts Premix Usage
As consumers increasingly prioritize nutritional value in their food and beverages, the integration of vitamin and mineral premixes into functional foods is expanding. This trend is gaining momentum with the growth of niche nutrition categories, such as sports nutrition and specialized wellness products.
Market Dynamics
The increasing use of vitamins and minerals premixes in animal nutrition is a major driver for market growth. As the livestock industry shifts toward functional feed ingredients to enhance animal health and boost productivity, the demand for these premixes in animal feed formulations continues to rise.
However, the market also faces restraints due to strict regulatory standards related to product quality, safety, and compliance with Good Manufacturing Practices (GMP). These regulations can slow the introduction of new products and restrict market expansion. On the other hand, the growing popularity of plant-based and vegan diets presents a significant opportunity for manufacturers to develop and promote plant-derived premix solutions tailored to this rapidly growing consumer segment.
Segmentation Insights
The market is segmented by type, form, and application. The vitamins segment leads the market, driven by growing consumption of fortified foods and nutritional supplements. Dry premixes dominate the form segment due to their long shelf life, easy storage, and convenient handling. In terms of application, the food and beverage industry holds the largest share, supported by increasing health awareness and consumer preference for nutrient-enriched products.
Regional Insights
The global market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Among these, Asia Pacific emerged as the top contributor in 2024, supported by a growing population focused on health and well-being, along with strong manufacturing infrastructure.
Competitive Landscape
Strategic Developments:
Leading companies are actively expanding their production capacities, forging partnerships, and entering new geographic markets to enhance their competitive edge.
Key Players:
- Koninklijke DSM N.V. (Netherlands)
- Corbion N.V. (Netherlands)
- Vitablend Nederland BV (Netherlands)
- Hexagon Nutrition Ltd. (India)
- Barentz International BV (Netherlands)
- SternVitamin GmbH & Co. KG (Germany)
- Nutreco N.V. (Netherlands)
- Farbest-Tallman Foods Corporation (U.S.)
- Zagro Singapore Pte Ltd (Singapore)
- Wright Enrichment Inc. (U.S.)
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Recent Industry Development:
In December 2024, Germany-based MIAVIT announced the launch of a new production facility in Kemalpaşa, İzmir, Türkiye. This expansion aims to enhance the company's footprint in the animal nutrition segment of the premix market.
