Global Food Grade Vitamin and Mineral Premixes Market Anticipated to Reach US$ 15,519.8 Million by 2031

According to a recent market study published by Growth Market Reports, titled, “Global Food Grade Vitamin and Mineral Premixes Market is segmented into by form, by functionality, by application, and by Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$ 8,731.2 Million in 2022 and is expected to grow at a growth rate of 6.60% by the year 2031.

Premixes are complex mixtures of vitamins, minerals, trace elements, and other nutrients incorporated in the food, beverages, and feed products. Food Grade Vitamin and Mineral Premixes refer to customized blend of essential vitamin and minerals intended for use in the food and beverage industry. These premixes are formulated and added in various food products such as dairy, cereals, bakery, staple foods, and other products to meet required nutritional values in an individual/. Water-soluble vitamins like B1, B2, B3, B6, B12, and C, as well as fat-soluble vitamins like A, D, E, and K, are all included in vitamin premixes. Conversely, mineral premixes include calcium, magnesium, phosphorus, zinc, iron, and others. Fortification is a practice of deliberately increasing the content of one or more micronutrients such as vitamins and minerals in food.

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Based on form, the global food grade vitamin and mineral premixes market is segregated into liquid and powder. The powder segment is expected to register a significant share of the market during the forecast period, as it offers a convenient and efficient way to fortify foods with essential nutrients. It enhances the nutritional value of the final products. A premix powder is a dry substance in the form of fine and dust like particles. Powdered Food Grade Vitamin and Mineral Premixes are finely blended mixtures of essential vitamins and minerals that are suitable for the use in food products.

In terms of functionality, the global food grade vitamin and mineral premixes market is bifurcated into skin health, bone health, immunity, and others. The immunity segment is projected to hold a significate share of the market in the coming years, as premixes enhance the defence mechanism of the body against infections and diseases. Vitamins such as C, D, A, and E are known for immune-boosting properties. For example, vitamin C helps stimulate the production and function of white blood cells, which are key components of the immune system. Vitamin D assists in regulating immune response and helps with the absorption of other nutrients crucial for immunity.

On the bases of by application, the global market is segregated into clinical nutrition, infant formula, sports nutrition, and others. The clinical nutrition segment is expected to hold a significant share of the market during the forecast period, as premixes support the healing process of a body and strengthen the immune system. Premixes are often used in the healthcare industry, especially in addressing nutritional deficiencies and promoting overall health. Premixes enhance supplements and medical nutrition products to meet dietary requirements. The food & beverages segment is projected to expand at a rapid pace during the forecast period, due to premixes ability to reduce various deficiencies and promote overall health.

The outbreak of coronavirus disease in 2019 (COVID-19) had a deep impact on the global Food Grade Vitamin and Mineral Premixes market. The demand declined drastically, due to the closure of malls, restaurants, hotels, and catering services in several countries. The supply chain was disrupted in the initial stage of the lockdown, which declined the demand for Food Grade Vitamin and Mineral Premixes during the pandemic. The decrease in demand consequently led to a decrease in production and a fall in prices. Global production of Food Grade Vitamin and Mineral Premixes stopped, due to the restrictions. The restrictions have had a significant impact on the livestock sector, disrupting the supply chain for animal feed, reducing animal farming services, limiting animal health services, including delays in disease diagnosis & treatment, limiting access to markets & consumers, and reducing labour-force participation.

As per growth market reports by industry analyst Divyanka Sankhe, “Growing demand for Food Grade Vitamin and Mineral Premixes in the feed industry and rising prevalence of vitamin and mineral deficiencies is expected to propel the vitamin and mineral market during the forecast period.”

Supply chain management is an essential part of any business. A supply chain contains a series of steps to get products from their original state to the customers. Raw materials used for manufacturing Food Grade Vitamin and Mineral Premixes are shipped to manufacturers to be processed into final products. Quality checks are performed throughout the production process by manufacturers to ensure the quality of the product. Raw materials vary, depending upon the material.

Recent Development:

February 2019: Glanbia Nutritional acquired a Connecticut-based provider of non-dairy ingredient solutions for USD 89 million. Watson is positioned as a highly complementary addition to Glanbia’s Nutritional Solutions company in order to increase Glanbia's capabilities in the ingredients market. The business produces and distributes premium custom nutrient premix, baking ingredients, edible film, and material conditioning solutions for the dietary supplement, food and beverage, personal care, and personal care markets.
October 2022: Barentz International, a global life science product distributor announced acquisition of Viachem, Ltd., a specialty distributor of life science ingredients and specialty chemicals. Viachem serves as a catalyst for market expansion for Barentz and its major suppliers. Mike Efting, President & Founder of Viachem, continues to lead the group, and the company's Plano, Texas, and Augusta, Georgia, headquarters remain.
November 2022:  Wright Enrichment Inc. has introduced TWG Health & Nutrition, a brand that offers specialized nutrient premixes, direct compression granulations, microencapsulated components, and beverage systems. The Lafayette-based business sells beverage products as well as direct compression granulations, microencapsulated nutrients (under the SuperCoat brand), custom nutrient premixes (under the SuperBlend brand), and microencapsulated nutrients (under the SuperTab brand).

Key Takeaways from the Study:

The players in the global food grade vitamin and mineral premixes market include DSM, Glanbia plc, Barentz, Corbion, Stern-Wywiol Gruppe, HELM AG, Wright Enrichment Inc., Blendhub, and others.

Target Audience:

• Supply-side: Manufacturer and distributors.
• Demand Side: Food & beverages, healthcare industry, feed industry.
• Regulatory Side: Approved regulatory bodies.