The Latin America, Middle East and Africa Vitamin & Mineral Premixes Market would witness market growth of 8.8% CAGR during the forecast period (2022-2028).
The future of vitamin & mineral premixes and food fortification in general is exciting and dynamic. The demand for functional foods and beverages continues to grow, with the nations such as Brazil, Russia, India and China offering major growth opportunities. Consumers are constantly dealing with overindulgences that contribute to specific health problems such as obesity, high cholesterol and high blood pressure. This means there’s a wealth of opportunity for manufacturers to create multiple-nutrient products that address these problems.
Vitamin premixes include two major types of vitamins such as water-soluble vitamins (B1, B2, B3, B6, B12, and C) and fat-soluble vitamins (A, D, E, and K). For instance, dairy products are fortified with Vitamin D to enhance calcium absorption and metabolism. In addition, mineral ready-mixes are also available in the market, consisting of iron, phosphorus, magnesium, and others in dry blended form.
For instance, infant milk formulas are fortified with iron as it results in the augmentation of iron stores, which further helps to prevent iron deficiency. The products to be used should be incorporated in the right quantity, further achieving the desired quality of the final product. The ready-mix market has attained large popularity due to its proven health benefits across the globe.
The government of the United Arab Emirates started the growth of the hospitality industry a few decades ago by building a number of modern and opulent hotel complexes. Today, the nation can take pride in having one of the best hospitality industries in the entire world. As the hospitality sector is rising as a result of the demand for premium food options. With the expanding hospitality sector, the demand for cuisines containing multi-nutrition are gaining attraction, especially from the health-conscious tourists. All this has resulted in market growth for vitamin & mineral premixes in LAMEA region.
The Brazil market dominated the LAMEA Vitamin & Mineral Premixes Market by Country in 2021; thereby, achieving a market value of $209.3 Million by 2028. The Argentina market is showcasing a CAGR of 9.3% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 8.4% during (2022 - 2028).
Based on Type, the market is segmented into Vitamin, Vitamin & Mineral Combination and Mineral. Based on Form, the market is segmented into Dry and Liquid. Based on Application, the market is segmented into Feed, Healthcare, Food & Beverages and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Vitamin & Mineral Premixes Market is Projected to reach USD 10.4 Billion by 2028, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BASF SE, Glanbia PLC, Archer-Daniels-Midland Company, Koninklijke DSM N.V., Corbion N.V., Nutreco N.V. (SHV Holdings N.V.), SternVitamin GmbH & Co. KG (Stern-Wywiol Gruppe GmbH & Co. KG), Vitablend Nederland B.V., Wright Enrichment, Inc. and Farbest Brands
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