Product Code: ETC4549945 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India vitamin & mineral premixes market import shipments showed a steady growth trend with a CAGR of 3.9% from 2020 to 2024. Notably, there was a significant surge in growth rate between 2023 and 2024, indicating an expanding market momentum during this period.
The India Vitamin Mineral Premixes Market has witnessed growth in recent years as consumers become increasingly conscious of their nutritional intake. Vitamin and mineral premixes are customized blends of essential micronutrients used in various food and beverage products to fortify them and address nutritional deficiencies. The market is driven by the growing interest in functional and fortified foods, particularly as consumers look for convenient ways to meet their dietary requirements. Vitamin and mineral premixes are used in a range of products, from breakfast cereals to infant formula, targeting specific health concerns and dietary needs. The market is expected to continue its growth trajectory as consumers prioritize health and wellness, seeking products that offer added nutritional value.
The vitamin mineral premixes market in India is witnessing growth driven by the need to address nutritional deficiencies and the demand for fortified foods. Malnutrition and dietary gaps are prevalent in various demographics, leading to increased interest in premixes that can enhance the nutritional content of food products. Government-led initiatives to combat malnutrition and fortify staple foods are further supporting the market`s expansion.
Challenges include the need for standardized regulations, quality control, and ensuring proper labeling of products to prevent misinformation and maintain consumer trust.
The India market for vitamin mineral premixes experienced increased demand during the pandemic, primarily driven by the rising awareness of the importance of vitamins and minerals for immunity and overall health. Producers adapted to meet this heightened demand by expanding production capacities and enhancing online distribution.
The India Vitamin Mineral Premixes market is influenced by players like Glanbia Nutritionals, Hexagon Nutrition Pvt. Ltd., and SternVitamin GmbH & Co. KG. These companies offer premix solutions for fortifying various food and beverage products with essential vitamins and minerals.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Vitamin & Mineral Premixes Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Vitamin & Mineral Premixes Market Revenues & Volume, 2021 & 2031F |
3.3 India Vitamin & Mineral Premixes Market - Industry Life Cycle |
3.4 India Vitamin & Mineral Premixes Market - Porter's Five Forces |
3.5 India Vitamin & Mineral Premixes Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Vitamin & Mineral Premixes Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Vitamin & Mineral Premixes Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 India Vitamin & Mineral Premixes Market Revenues & Volume Share, By Functionality, 2021 & 2031F |
4 India Vitamin & Mineral Premixes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about health and wellness among Indian consumers |
4.2.2 Growing prevalence of lifestyle diseases and nutritional deficiencies |
4.2.3 Rise in disposable incomes leading to higher spending on fortified food products |
4.3 Market Restraints |
4.3.1 Lack of awareness about the benefits of vitamin and mineral premixes |
4.3.2 Price sensitivity among price-conscious consumers |
4.3.3 Regulatory challenges related to the fortification of food products in India |
5 India Vitamin & Mineral Premixes Market Trends |
6 India Vitamin & Mineral Premixes Market, By Types |
6.1 India Vitamin & Mineral Premixes Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Vitamin & Mineral Premixes Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Vitamin & Mineral Premixes Market Revenues & Volume, By Vitamins, 2021-2031F |
6.1.4 India Vitamin & Mineral Premixes Market Revenues & Volume, By Minerals, 2021-2031F |
6.1.5 India Vitamin & Mineral Premixes Market Revenues & Volume, By Vitamin & Mineral Combinations, 2021-2031F |
6.2 India Vitamin & Mineral Premixes Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Vitamin & Mineral Premixes Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.2.3 India Vitamin & Mineral Premixes Market Revenues & Volume, By Feed, 2021-2031F |
6.2.4 India Vitamin & Mineral Premixes Market Revenues & Volume, By Healthcare, 2021-2031F |
6.2.5 India Vitamin & Mineral Premixes Market Revenues & Volume, By Cosmetics & Personal Care, 2021-2031F |
6.3 India Vitamin & Mineral Premixes Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 India Vitamin & Mineral Premixes Market Revenues & Volume, By Dry , 2021-2031F |
6.3.3 India Vitamin & Mineral Premixes Market Revenues & Volume, By Liquid, 2021-2031F |
6.4 India Vitamin & Mineral Premixes Market, By Functionality |
6.4.1 Overview and Analysis |
6.4.2 India Vitamin & Mineral Premixes Market Revenues & Volume, By Bone health, 2021-2031F |
6.4.3 India Vitamin & Mineral Premixes Market Revenues & Volume, By Skin health, 2021-2031F |
6.4.4 India Vitamin & Mineral Premixes Market Revenues & Volume, By Energy, 2021-2031F |
6.4.5 India Vitamin & Mineral Premixes Market Revenues & Volume, By Immunity, 2021-2031F |
6.4.6 India Vitamin & Mineral Premixes Market Revenues & Volume, By Digestion, 2021-2031F |
6.4.7 India Vitamin & Mineral Premixes Market Revenues & Volume, By Other functionalities, 2021-2031F |
7 India Vitamin & Mineral Premixes Market Import-Export Trade Statistics |
7.1 India Vitamin & Mineral Premixes Market Export to Major Countries |
7.2 India Vitamin & Mineral Premixes Market Imports from Major Countries |
8 India Vitamin & Mineral Premixes Market Key Performance Indicators |
8.1 Consumer perception and understanding of the importance of vitamins and minerals in their diet |
8.2 Adoption rate of fortified food products in the Indian market |
8.3 Number of new product launches incorporating vitamin and mineral premixes |
8.4 Investment in research and development for innovative premix formulations |
8.5 Growth in partnerships and collaborations between food manufacturers and premix suppliers. |
9 India Vitamin & Mineral Premixes Market - Opportunity Assessment |
9.1 India Vitamin & Mineral Premixes Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Vitamin & Mineral Premixes Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Vitamin & Mineral Premixes Market Opportunity Assessment, By Form, 2021 & 2031F |
9.4 India Vitamin & Mineral Premixes Market Opportunity Assessment, By Functionality, 2021 & 2031F |
10 India Vitamin & Mineral Premixes Market - Competitive Landscape |
10.1 India Vitamin & Mineral Premixes Market Revenue Share, By Companies, 2024 |
10.2 India Vitamin & Mineral Premixes Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |