Food Grade Vitamin and Mineral Premixes Market 2020 Will Emerge Globally And Grow With High CAGR by 2026 | 12.2% CAGR | Coronavirus-COVID19 Impact Analysis

Food Grade Vitamin and Mineral Premixes Market: Segmentation

Following Top Players are covered in this Exclusive Report: Glanbia Plc, BASF SE, Corbion N. V, Jubilant Life Sciences Limited, Jubilant Life Sciences Limited
By Product Type: Multi Vitamin & Mineral Premixes , Compound Vitamin & Mineral Premixes

By Application: Clinical Nutrition, Infant Formulae, Sport Nutrition, Others

The global market for food grade vitamin & mineral premixes market was valued at US$ 5,263. 0 Mn in 2018 and is expected to reach US$ XX Mn by the end of the forecast period, expanding at a CAGR of 5. 1% during the forecast period. Increasing number of population suffering from vitamin D deficiency is on of the major factor driving the growth of market in recent years. There is rising number of people who are suffering from vitamin deficiency over the years. Vitamins are essential for normal molecular and cellular functions, growth and maintenance of body tissues. Vitamin D deficiency is high among the population across the globe, as dietary sources of this vitamin D are limited. The main natural source of vitamin D is the exposure of skin to sunlight. However, pollution, sunscreen usage, an indoor lifestyle, and wearing full body clothing have resulted in limited exposure to sunlight leading to vitamin D deficiency.

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According to AllTheResearch analysis, 42% of the U. S population suffered from the deficiency of vitamin D in 2018. In addition to this, people with darker skin are also at a risk of having lower vitamin D levels, as high melanin present in their skin prevents the body from producing vitamin D from sunlight. Several countries adopted policies to increase their population’s intake of vitamin D. For instance, in the U. K, multivitamin supplements having vitamin D are recommended for all children aged up to four years and breastfeeding mothers. Further, spreadable fats and infant formulae are also fortified with vitamin D.

North America dominated the market in 2018 and is expected to show similar trends in coming years. As people are becoming more conscious about health and wellness and are, therefore, buying products having high vitamin and mineral content. This in turn, is triggering the overall market demand for food-grade vitamin and mineral premixes in North America.