Vitamin and Mineral Premixes Market to Grow at 4.8% CAGR through 2026, North America to be the Largest Region

ALBANY, USA, 2018-Jun-05 — /EPR Network/ —The vitamin and mineral premixes market is likely to grow at a CAGR of 4.8% through 2026, according to a new research study added to the repository of Market Research Reports Search Engine (MRRSE). According to the report, titled “Vitamin & Mineral Premixes Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026”, the vitamin and premixes market was valued at nearly US$ 700 Mn in 2017, and it is likely to grow at a steady pace during the assessment period.

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The demand for vitamin and mineral premixes is driven by increasing emphasis on health and weight management. Manufacturers are aware of the evolutions in consumer demand, and are including healthy ingredients such as vitamin and mineral premixes to appeal to a wider base of consumers. It is highly likely that demand for vitamin and mineral premixes will gain traction during the assessment period, as an increasing consumer base is looking for healthy products.

The research study has segmented the market on the basis of ingredient type, end use industry, and functionality. On the basis of ingredient type, the key segments include vitamins and minerals. By form, the key segments include powder and liquid. By end-use industry, the key segments include healthcare, food and beverage, personal care, and feed.

According to the report, demand for vitamin and mineral premixes continues to remain high in the food and beverage sector. In terms of revenues, the vitamin and mineral premixes segment is likely to reach a valuation of nearly US$ 400 Mn by the end of the forecast period. There is a marked affinity among end-users towards vitamin and mineral premixes in powdered form. According to the research study, powdered form is likely to rake in revenues to the tune of US$ 800 Mn by the end of the forecast period.

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By region, the report expects North America to be one of the leading markets for vitamin and mineral premixes during the assessment period. The market in North America is concentrated in the US, whereas opportunities are likely to grow at a steady pace in Canada. In addition to North America, Asia Pacific excluding Japan (APEJ) is also likely to provide a steady stream of opportunities to vitamin and mineral manufacturers during the assessment period.

The report also offers insights on the competitive landscape in the market. According to the research study, some of the leading companies in the market include Fenchem Biotek Limited, Watson Inc., Prinova Group LLC, Nutreco, B&H Biotechnology Co. Ltd., Glanbia Plc, Koninklijke DSM N.V., Hexagon Nutrition Pvt. Ltd., Jubilant Life Sciences, and Archer Daniels Mildland Company

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