Vietnam Vitamin & Mineral Premixes Market to Grow with a CAGR of 6.35% through 2029
Rapid Urbanization and Changing Lifestyles and Growing Demand for
Fortified Foods and Beverages are expected to drive the Vietnam Vitamin &
Mineral Premixes Market growth in the forecast period, 2025-2029
According to TechSci Research report, “Vietnam Vitamin
& Mineral Premixes Market – By Region, Competition Forecast &
Opportunities, 2029F”, Vietnam Vitamin & Mineral Premixes Market stood
at USD 18.30 million in 2023 and is anticipated to grow with a CAGR of 6.35% through 2029.
A discernible trend towards fortified foods and
beverages is observable in Vietnam, propelled by shifting consumer preferences
and lifestyle choices. Consumers increasingly favor products offering
supplementary nutritional advantages, such as bolstered immunity, enhanced bone
health, and augmented energy levels. This burgeoning preference drives a surge
in demand for vitamin and mineral premixes.
Urbanization catalyzes alterations in dietary habits,
with a notable transition towards convenience-oriented food and beverage
options. As urban populations burgeon and lifestyles adopt a more frenetic
pace, there arises an augmented demand for fortified products delivering
essential nutrients in a convenient and accessible manner. Vitamin and mineral
premixes facilitate manufacturers in catering to this demand by fortifying an
extensive array of food and beverage products.
Governmental initiatives aimed at ameliorating public
health and nutrition significantly contribute to market expansion. Regulatory
mandates necessitating the fortification of staple foods with critical
nutrients like iron, folic acid, and vitamin A foster heightened adoption of
vitamin and mineral premixes among food manufacturers. Additionally, government
backing for programs addressing malnutrition and micronutrient deficiencies
serves to amplify market demand.
The burgeoning food and beverage industry in Vietnam
provides fertile ground for the growth of the premix market. As the economy
burgeons and disposable incomes escalate, consumers exhibit a heightened
willingness to allocate funds towards premium and functional food products.
This presents an opportune landscape for manufacturers to innovate and
introduce novel fortified products, thereby propelling the demand for vitamin
and mineral premixes.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Vietnam Vitamin & Mineral Premixes Market”
The Vietnam Vitamin & Mineral Premixes Market is
segmented into type, application, form, functionality, regional distribution,
and company.
Based on functionality, In Vietnam, there's a
noticeable uptick in consumer awareness regarding the significance of bone
health, particularly with the aging population. As osteoporosis and other
bone-related issues become more prevalent, there's a corresponding surge in
demand for fortified foods and beverages rich in essential vitamins and
minerals vital for bone strength and density. Government initiatives targeting
public health, including bone health, significantly contribute to the surge in
demand for Bone Health premixes. Through public health campaigns and
educational programs, awareness is raised about the necessity of consuming
calcium, vitamin D, and other key nutrients crucial for bone health. Moreover,
regulatory measures may mandate the fortification of specific foods with
calcium and vitamin D to tackle deficiencies prevalent in the population.
Vietnam's demographic landscape is witnessing shifts,
characterized by a growing proportion of elderly individuals who are
particularly susceptible to bone-related ailments. This demographic trend
underscores the importance of bone health, prompting manufacturers to develop
fortified products tailored to the specific needs of aging consumers. Continual
innovation is pivotal for manufacturers to meet the evolving demands of
consumers seeking products that bolster bone health. Accordingly, fortified
foods and beverages are enriched with calcium, vitamin D, magnesium, and other
nutrients known to fortify bone strength. These innovative products span across
dairy items, fortified juices, cereals, and targeted nutritional supplements,
all meticulously designed to enhance bone health.
Major companies operating in Vietnam Vitamin
& Mineral Premixes Market are:
- Stern Ingredients Asia-Pacific Pte Ltd
- Corbion NV
- Watsons (Vietnam) Limited
- Vitablend Nederland BV
- Nutreco N.V.
- Zagro Vietnam Company Ltd
Download Free Sample Report
Customers can also request for 10% free customization
on this report
“Vietnam Vitamin & Mineral Premixes Market
demonstrates promising growth prospects driven by evolving consumer
preferences, increasing health awareness, and the expansion of the food and
beverage industry. With a growing emphasis on fortified products, driven by
factors such as urbanization, government initiatives, and demographic shifts,
the market is poised for continued expansion. As manufacturers innovate to meet
the demand for functional and fortified foods, the Vietnam Vitamin &
Mineral Premixes Market is expected to witness sustained growth, offering
lucrative opportunities for stakeholders across the supply chain”, said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“Vietnam Vitamin & Mineral Premixes Market, By Type (Vitamins, Minerals and Vitamin & Mineral Combinations), By Application (Feed, Food & Beverages, Healthcare and Personal Care), By Form (Powder Form and Liquid Form), By Functionality (Bone Health, Immunity, Energy, Skin Health and Others), By Region, Competition, Forecast & Opportunities, 2019-2029F”, has evaluated the future growth potential of Vietnam
Vitamin & Mineral Premixes Market and provides statistics & information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in Vietnam
Vitamin & Mineral Premixes Market.
Contact
TechSci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com