Food Grade Vitamin and Mineral Premixes Market Trends [2031]

Report Description

Food Grade Vitamin and Mineral Premixes Market Outlook

The Global Food Grade Vitamin and Mineral Premixes Market was estimated at USD 8,731.2 Million in 2022 and is anticipated to reach USD 15,519.8 Million by 2031, expanding at a CAGR of 6.6% during the forecast period.

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.

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Vitamin premixes include water soluble vitamins such as B1, B2, B3, B6, B12 and C as well as fat soluble vitamins such as A, D, E and K. Conversely, mineral premixes include calcium, magnesium, phosphorus, zinc, iron, and others. Animal feed premix is a blend of nutritional ingredients designed to provide a balanced diet to livestock. A premix is added to animal diets in order to achieve the sufficient level of vitamins and minerals. In birds, premix prevents them from becoming malnourished.

Macro-economic Factors

Government Regulation & Taxes

Political factors and regulatory frameworks have an indirect impact on the market. Various governments and agencies have imposed regulations requiring the use of food-grade vitamin and mineral premixes, due to adverse effects of micronutrient malnutrition, changes in food systems, and successful fortification experiences in the US and Mexico as well as an increase in fortification programs.

Some of the manufacturing schemes recognized by the Global Food Safety Initiative (GFSI) and applicable to premix production are the UK-based Retail Consortium (BRC) Global Standard, the Netherlands Hazard Analysis of Critical Control Point (HACCP), Food Safety System Certification (FSSC 22000), and the International Food Standard (IFS) or Safe Quality Food (SQF).

However, access to adequate structures for verifying premix supplier adherence to international standards, such as Food and Agriculture Organization (FAO) and World Health Organization (WHO) guidelines, is limited.

Rising Economy & Disposable Income

Rising disposable income levels impact consumer spending habits. High disposable income leads to high purchasing power, which positively influences the market. Economic growth is a crucial factor for any market. Increasing income along with demographic changes related to family size, population aging, urbanization, and consumer trends such as concerns for healthy eating and sustainable production lead to a shift in the demand and food supply.

In 2021, with a total population of 331.8 million, the United States has the highest disposable income per capita at $62,334.17. Key sectors in the US include manufacturing, healthcare, financial services, and professional & business services. The rising disposable incomes, particularly in developed nations, create new opportunities for the vitamin premixes market. Hence, disposable income has a positive impact on the food-grade Food Grade Vitamin and Mineral Premixes market.

Food Grade Vitamin and Mineral Premixes Market Dynamics

Market Driver- Growing Demand for Food Grade Vitamin and Mineral Premixes in the Feed Industry

A premix is essential in meeting the nutritional demands of animals to improve performance and maintain health. Premixes include vitamin, mineral, medications, and feed supplements that are added to animal feed for long-term safety and to deliver essential micronutrients to the animals. Increasing use of Food Grade Vitamin and Mineral Premixes in animal feed products is expected to boost feed consumption in developed countries.

Additionally, rapid expansion of the livestock sector and the growing demand for animal-based products boosts the demand for vitamin premixes in animal feed. For example, to prevent vitamin A deficiency and promote farm animal growth, vitamin A is typically added to a complete diet in animal production.

According to the United Nations Food and Agriculture Organization (FAO), in the US, there are more than 5,800 factories that make animal feed, and they produce over 284 million tons of finished feed and pet food annually. The mills come in a variety of sizes, from a tiny on-farm mixer to a cutting-edge, computerized system with only a few human operators that produces more than 1 million tons of feed for swine or poultry operations every year.

According to the American Feed Industry Association, a recent report found that America’s domestic livestock and pets consumed nearly 284 million tons of safe, high-quality, and nutritious food in 2019, helping keep its food supply chain stable.

Market Driver- Rising Prevalence of Vitamin and Mineral Deficiencies

Vitamin and mineral deficiencies are a global problem. It affects a third of the world’s population, over 2 billion people of all ages and socioeconomic groups, and accounts for an estimated 7.3% of the total global burden of disease. Severe vitamin and mineral deficiencies during pregnancy and early childhood have long-term health consequences, thereby increasing the risk of morbidity and mortality and impairing cognitive development and economic productivity.

According to CDC, anemia during pregnancy increases the danger of both the mother dying and the baby having a low birth weight. Each year, between 2.5 million and 3.4 million women and newborns die worldwide. According to the WHO, iron deficiency is a foremost cause of anemia, which is defined as low hemoglobin concentration. Anemia affects 40% of children younger than 5 years of age and 30% of pregnant women worldwide in 2021.

The most common vitamin deficiency was vitamin D deficiency (64.3%), followed by vitamin B2 (44.9%) and vitamin A (9.6%) deficiencies. The most frequent mineral deficiency was iron (23.2%), followed by zinc (15.3%) and copper (8.7%). Despite the fact that most of people are aware of the benefits of eating a well-balanced diet, many in the US suffer from nutrient deficiencies.

Over 40% of people in the US are deficient in Vitamin D, nearly 13% are deficient in vitamin B6, and 7% are deficient in Vitamin C. For example, 12% of Mexican-Americans are likely to have vitamin D deficiency. Population-wide fortification programs were associated with a 34% reduction in anemia due to improved iron stores, with great benefits resulting to those most at risk of deficiency; a 74% reduction in the odds of goiter; and a 41% reduction in the odds of NTDs.

Market Restraint- High Cost of Fortified Products & Adverse Health Effects

Increased vitamin and mineral premix prices are hindering the expansion of the Food Grade Vitamin and Mineral Premixes market. Similarly, declining specific nutritional values result in anemia. High production costs of premixes limit their use by small- and medium-sized businesses. Additionally, volatility in packaging material prices is likely to stymie the growth of the market, during the forecast period. The overconsumption of vitamins and minerals can have adverse health effects.

Non-nutritive fortifiers in foods and risk factors such as anti-nutritional effects, drug interactions, genotoxicity, and potential developmental effects, imped the market. However, the primary concern with the manufacture of premixes is safety, which must be addressed before efficacy. As a result, regulatory authorities and consumers have increased their scrutiny of vitamin and mineral premixes.

Market Opportunity- Food Industry Innovation

High demand for food in the food and beverage industry has aided in the development of vitamin and mineral premixes, during the forecast period. Middle-aged people are increasingly interested in food and beverages, due to the high concern about health. Manufacturers are encouraged to use Food Grade Vitamin and Mineral Premixes in their products, resulting in low calorie and cholesterol levels.

Additionally, the adoption of dietary supplements is driving the market. Premixes are becoming increasingly popular to improve the nutritional profile of pastries, bread, and other baked goods. The need to balance isolated vitamins, minerals, and other nutrients some of which impart off-flavors when mixed with leavening, conditioning, or other structural ingredients, which have created a trend for whole-food premixes.

One prominent example is the use of berries (dried or powdered) for their bright colors and anthocyanin antioxidant capacity. Tortilla manufacturers are another example of nutritional, structural, and flavorful ingredient combinations, which use premixes of mold inhibitors, dough conditioners, and softeners combined with additions such as dried tomatoes or herbs for flavor, visual appeal, and premium positioning.

Recent Development:

June 2022: Royal DSM, a global purpose-led science-based company, announced customer sampling of the world’s first totally bio-based Vitamin A. DSM is producing vitamin A from a renewable carbon source using a yeast strain. Six DSM facilities in Lexington and Columbia, the United States; Delft, the Netherlands; Grenzach, Germany; and Kaiseraugst and Sisseln, Switzerland—have worked together to improve the technique and demonstrate its scalability. Application testing is currently being carried out with the company's initial set of chosen clients for the market of bio-based vitamin A for the personal care sector.
September 2021: SternVitamin released new micronutrient premixes to fortify oat beverages, vegan burgers, and alternative seafood. The new additions to the product line are SternVitalityV and SternDefenceV. A coffee and oat beverage called SternVitality contains crucial micronutrients to support mental performance. SternDefenceV, which has vitamins, minerals, and botanicals, was created for a fruity oat beverage.
January 2021: Corbion increased its capacity for lactic acid production in North America by around 40% to meet the rising demand for natural ingredients across a range of industries. The company's global leadership position as a supplier of lactic acid and its derivatives is strengthened by the investment in capacity expansion at Corbion's Blair, Nebraska, plant. Corbion also has lactic acid production facilities in the Netherlands, Brazil, Spain, and Thailand. In order to help meet global demand, the company also recently announced plans to add a new lactic acid plant to its current location in Rayong Province, Thailand.

Scope of Food Grade Vitamin and Mineral Premixes Market Report             

The report on the global Food Grade Vitamin and Mineral Premixes market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Food Grade Vitamin and Mineral Premixes Market Segmental Outlook

Based on form, the food grade vitamin and mineral premixes market is segmented into liquid and powder. The powder segment is expected to register a significant share of XX% 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. The liquid segment is projected to expand at a rapid pace during the forecast period, as it simplifies the production process and maintains nutritional content in various food products. It is used in the food industry to simplify the production process and maintain consistent flavor, texture, and nutritional content in various food products.

Based on functionality, the global food grade vitamin and mineral premixes market is segmented into skin health, bone health, immunity, and others. The bone health segment is expected to hold a substantial share of XX% during the forecast period, as premixes facilitate in building and maintaining strong bones.

Premixes help in promoting bone health by proving a comprehensive blend of essential nutrients. These premixes are formulated to support bone strength density and overall skeletal integrity. Calcium is an essential mineral for building and maintaining strong bones and teeth.

The immunity segment is projected to hold a significate of CAGR XX% in the coming years, as premixes enhance the defense 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.

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Based on application, the global food grade vitamin and mineral premixes market is segregated into clinical nutrition, infant formula, sports nutrition, and others. The healthcare segment is expected to hold a significant share of XX% 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. Premixes are used to tackle micronutrient deficiencies such as vitamin A, iron, iodine, zinc, and folic acid. These provide improved health in vulnerable population, such as pregnant women and children.

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Regional Outlook

On the basis of regions, the global food grade vitamin and mineral premixes market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The market in North America is projected to expand at a significant CAGR during the forecast period. North America is estimated to maintain its dominance in the market during the forecast period, due to advancements in healthcare infrastructure, increased healthcare spending, and high demand for nutritional products.

The US food-grade food grade vitamin and mineral premixes market is large in terms of revenue share, due to the increasing demand for fortified and functional foods, strong economy, and growing health consciousness across the country.

The market in Europe is expected to expand at a significant rate, due to rising adoption of efficient vitamin and mineral premixes. Latin America and the Middle East & Africa (MEA) are anticipated to hold a considerable share of the global Food Grade Vitamin and Mineral Premixes market.

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