Increasing
instances of loss of appetite has led individuals to spend on functional and
fortified food products. With the growing need for nutrition-rich food
products, manufacturers are focusing on developing functional food products
blended with health benefiting ingredients such as vitamin and mineral
premixes. In addition, food manufacturers are utilizing vitamins and minerals
as an important ingredient as it enhances the flavor, functionality, and appeal
of the food products.
Transparency
Market Research (TMR) states that the global vitamin & mineral premixes
market is expected to record a steady CAGR during the forecast period. Vitamin
& mineral premixes worth more than US$ 1,000 Mn is expected to be sold by
the end of 2026. Shift in preferences of health-conscious customers towards
nutrition-dense food products has led to a surge in demand for vitamin and
mineral premixes globally. While the outlook on vitamin and mineral premixes
looks positive, growing concerns regarding side-effects such as allergic
reactions can stymie market growth over the forecast period.
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Bound to
fast-paced lifestyle, consumers end up spending on food products that contain
high level of calories. Due to increasing consumption of high cholesterol food
products, consumers are prone to various diseases such as cardiac issues,
diabetes, and obesity. Banking on the growing health requirements of
individuals, leading manufacturers are focusing on developing innovative and
healthy snacks. To supplement the health requirements of the customers,
manufacturers are utilizing an appropriate amount of vitamin and mineral
premixes in the food products.
Demand for the
vitamin and mineral premixes is also likely to remain high in the animal feed
industry. With the increasing adoption of pets among individuals, demand for
animal feed products such as composite feed will continue to remain high
globally. Surge in production of composite feed for pets, farm animals, and
marine animals has led manufacturers to utilize nutritional premixes as an
important ingredient. On the account of these factors, growth of the global
market is likely to remain positive.
Besides food
industry, leading manufacturers in the pharmaceutical industry are increasingly
utilizing vitamin and
mineral premixes. Pharmaceutical manufacturers are increasingly
utilizing vitamin and mineral premixes in a range of medications. As vitamin
and mineral premixes help in repairing cellular damages, heal wounds, and boost
immune system, pharmaceutical manufacturers are utilizing these nutritional
premixes in production of medications for organ transplant, heart diseases,
birth control pills, and depression.
Also, increasing
production of veterinary drugs in the pharmaceutical industry has fuelled
demand for nutritional premixes. Veterinary medicines manufacturers are
utilizing vitamin and mineral premixes for developing products such as CRD
treatment medicines, disinfectants, anti-biotic feed supplements and liver
tonic. Also, demand for vitamin and mineral premixes is likely to increase in
the production of performance microbials to improve the efficiency of
livestock.
Major market
players are focusing on investing in market strategies such as product
launches, collaborations, and strategic acquisitions. Leading firms such as
Cargill has recently announced acquisition of Integral Animal Nutrition, which
is a feed additive company. In addition, major chemical companies such as BASF
SE has partnered with Vital Therapeutics Pvt. Ltd. to develop a new product for
feed industry. Other key companies operating in the global vitamin &
mineral premixes market include Archer Daniels Mildland Company, Koninklijke
DSM N.V., Glanbia Plc, Jubilant Life Sciences, and Hexagon Nutrition Pvt. Ltd.
Get more Information: https://www.prnewswire.com/news-releases/vitamin--mineral-premixes-worth-more-than-us-1000-million-is-expected-to-be-sold-by-the-end-of-2026-677501323.html
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