Mineral Premixes Market Outlook

Mineral premixes are nutritional products that are used to fortify food products and fodder products. Mineral premixes can also be used by supplementing with various additives such as growth promoters, enzymes, and amino acid combination to have a positive effect. Mineral premixes used in animal feed sectors are mostly used to balance the farm diets with correct levels of vitamin and minerals. Animals such as poultry, fish, sheep, pigs, goats, ruminants and other animals are supplemented with mineral premixes to achieve desired effects. These mineral premixes are gaining traction in the food and feed industry due to the ease of handling and convenient usage since the steps such as weighing and dosing are reduced. Moreover, minimized risk of overdose is leading to increased demand from small scale industrial users. The mineral premixes are available in dry powder and liquid form in the global market. The market of mineral premixes is steadily penetrating in the developing and underdeveloped regions, for example; in African countries, food fortification is being implemented by the Governments to fight off the malnourishment with a cost-effective solution. This is increasing demand for the mineral premixes in the global market.

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Expanding and Flourishing Food and Food Processing Industry is increasing the Demand of the Mineral Premixes in the Global Market

The global mineral premixes market is majorly driven by the flourishing and evolving animal feed industry. The increasing adoption of the feed and fodder products by farmers and the pet owners is leading to the increased demand for the feed ingredients. The supplementation of mineral premixes in the animal feed creates a positive impacts on the overall health of the farm animals and pets. Therefore, the demand for mineral premixes by the animal feed industry is creating a positive outlook in the global market. Apart from animal feed, food and beverage industry is also driving the global mineral premixes industry. Various products such as bakery and confectionery, dairy, infant formulation, sports nutrition products are incorporated with mineral premixes to get fortified final food products. The increasing popularity of fortified food products and their health benefits is increasing the demand for mineral premixes.

With the increased expenditure on the research and development activities, manufacturers of mineral premixes are producing premixes with the inclusion of some functional ingredients such as gum, amino acids, fibers, proteins, herbs, and botanicals. These fortified premixes have additional health benefits and aid in the overall performance of the premixes. These mineral premixes are beneficial for healthier hearts and bones as well as for immune and digestive health systems. Since the health consciousness in the urban areas is increasing around the globe and most of the population is concentrated in the urban areas, fortified food products, and fortified food ingredients demand is skyrocketing. Therefore the demand for mineral premixes is likely to increase in the global market.

Mineral Premixes Market Segmentation

The mineral premixes market can be segmented on the basis of form, product type, end use, and distribution channel.

On the basis of form, the mineral premixes market can be segmented as:

Dry

Liquid

On the basis of end use, the mineral premixes market can be segmented as:

Food and Beverage

Bakery and Confectionery

Dairy Products

Infant Formulations

Sports Nutrition

Clinical Nutrition

Animal Feed

Dietary Supplement

On the basis of distribution channel, the mineral premixes market can be segmented as:

Direct Sales Channel/ B2B

Indirect Sales Channel/B2C

Specialty Stores

Online Retail

Hypermarket/Supermarket

Other Retail Format

Mineral Premixes Market: Regional Analysis

The global market of mineral premixes is majorly occupied by the North American and European region. Well established food and beverage industry and the dietary supplements industry are leading to the major share. However, Asian and Middle Eastern and African markets are anticipated to show promising opportunity in the global mineral premixes market. Asia is likely to witness the highest growth rate over the forecast period. Increasing consumer awareness, the maximum share of the global population, increasing purchasing power, and increasing income of the middle-class population is driving the consumption of consumer goods in the region. This is creating a positive outlook in the global mineral premixes market.

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Mineral Premixes Market: Key Participants

Some of the market participants in the mineral premixes market are:

Bar-Magen Ltd.

Nutreco N.V.

Barentz Europe B.V.

Neovia Group

Provimi Animal Nutrition India Pvt. Ltd.

Burkmann Industries, Inc.

Correctores Vitaminicos, SA

Vitalac

Amesi Group

Avitech Nutrition Pvt. Ltd.

Koninklije DSM N.V.

Corbion N.V.

Glanbia, Plc

Watson Inc.