Saudi Arabia Vitamin & Mineral Premixes Market to grow with a CAGR of 5.34% through 2029
Increasing
healthcare infrastructure and a supportive regulatory environment are the major
drivers for the Saudi Arabia Vitamin & Mineral Premixes Market.
According
to TechSci Research report, “Saudi Arabia Vitamin & Mineral Premixes
Market Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2019-2029”, Saudi Arabia Vitamin &
Mineral Premixes Market was valued at USD 0.12 billion in 2023 and is
anticipated to witness an impressive growth in the forecast period with a CAGR
of 5.34% through 2029. This can be due
to collaborations and partnerships among leading companies with a diverse
approach to merge the expertise of individual companies and to strengthen their
position in the market. An increased focus on fitness and wellness plays a
significant role in driving the demand for Vitamin & Mineral Premixes.
Individuals engaged in fitness and wellness activities have specific
nutritional needs. They often require additional vitamins and minerals to
support their active lifestyles, promote muscle recovery, and sustain energy
levels. Vitamin and mineral premixes provide a convenient way to ensure they
receive the necessary nutrients. After intense workouts, the body needs
specific nutrients, including vitamins and minerals, to aid in muscle recovery
and repair. Athletes and fitness enthusiasts turn to supplements to expedite
the recovery process, making vitamin and mineral premixes popular in this
segment. Vitamins and minerals, such as B-vitamins and iron, are essential for
energy production and endurance. Fitness enthusiasts seek products that can
enhance their energy levels and overall performance, making premixes an
attractive option. Maintaining a strong immune system is crucial for individuals
involved in fitness activities. Vitamin and mineral premixes often include
ingredients that support immune health, which is especially important for those
with rigorous training routines. Fitness routines can lead to wear and tear on
the body. Nutrients in vitamin and mineral premixes help with tissue repair,
muscle growth, and overall recovery post-exercise.
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In October 2017, The Saudi Food and Drugs
Authority (SFDA) has initiated a strategic plan for promoting healthy food
within the nation. This plan entails establishing specific permissible limits
for sugar, salt, and saturated fat content in processed food. The strategy
focuses on critical elements that scientific research has demonstrated to have
a substantial impact on public health. The measures will encompass the
reduction of sugar and salt in food products, the inclusion of sugar content
information on nutritional labels, a decrease in the use of hydrogenated fats
in the food industry, the enrichment of food items with essential vitamins and
minerals, and the requirement for restaurants and cafes to disclose the calorie
content of their meals and beverages. Sustainability concerns present
challenges in the Saudi Arabia Vitamin & Mineral Premixes Market, as they
do in many sectors. Ensuring that the ingredients used in vitamin and mineral
premixes are sourced sustainably is a growing concern. This includes
responsibly sourcing vitamins and minerals and considering the environmental
and social impacts of the supply chain. Minimizing waste in the production
process, packaging, and distribution of premixes is a key sustainability goal.
Reducing packaging waste and optimizing production processes can be challenging
yet necessary. Using environmentally friendly packaging materials and reducing
the use of single-use plastics is a sustainability challenge. Finding
alternatives to traditional packaging while maintaining product integrity is
important. Reducing energy consumption and implementing energy-efficient
practices in manufacturing and distribution processes is important for
sustainability. This may require investments in new technologies and
infrastructure. Companies may face pressure to reduce their carbon footprint
through various means, such as optimizing transportation and logistics, using
renewable energy sources, and minimizing emissions.
Saudi Arabia Vitamin & Mineral Premixes Market
is segmented based on Type, Application, Form, Functionality, and by Region.
Based on the Functionality, Saudi Arabia Vitamin
& Mineral Premixes Market is segmented into Bone Health, Immunity, Energy,
Skin Health, and Others. Skin health is an important aspect of the Saudi Arabia
Vitamin & Mineral Premixes Market, as well as the broader dietary
supplements and cosmetics industries. Vitamin and mineral premixes can play a
significant role in supporting and promoting skin health. The cosmetic and
beauty industry in Saudi Arabia is growing, with a strong emphasis on skincare.
Vitamin and mineral premixes are often used in cosmetic formulations, such as
skin creams, serums, and lotions, to provide essential nutrients that promote
healthy and radiant skin. These premixes may contain vitamins like vitamin C
and vitamin E, as well as minerals like zinc, which are known for their skin
benefits. Saudi
Arabia has a substantial demand for anti-aging products. Many vitamins and
minerals are believed to have anti-aging properties, and their inclusion in
skincare products can help address concerns such as fine lines, wrinkles, and
skin firmness. For instance, vitamins A, C, and E, as well as minerals like
selenium and copper, are often used in anti-aging formulations.
Based on Region, Northern &
Central region held the largest share
in the Saudi Arabia Vitamin & Mineral Premixes Market. These regions
host a substantial number of healthcare facilities, research institutions, and
educational centers. The medical and research communities often advocate for
the use of vitamin and mineral premixes to address specific health concerns and
nutritional deficiencies. The well-established distribution and supply chain
networks in these regions make it easier for manufacturers to reach a wider
audience with their vitamin and mineral premix products. Government and
regulatory support for fortification and nutrition initiatives can further
encourage the use of vitamin and mineral premixes in food products, and these
initiatives are often more prevalent in the more densely populated and
economically active regions. Consumer awareness about the benefits of fortified
foods and dietary supplements is higher in these regions due to more extensive
marketing and educational efforts by companies and health organizations.
Some of the major companies
operating in the Saudi Arabia Vitamin
& Mineral Premixes Market include:
- Nutreco NV (Saudi Arabia)
- Corbion (Saudi Arabia)
- Watson
Inc. (Saudi Arabai)
- Farbest-Tallman
Foods Corporation (Saudi Arabia)
- Bar-Magen
Ltd. (Saudi Arabia)
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“The Saudi Arabia Vitamin & Mineral Premixes
Market is experiencing steady growth, driven by rising health consciousness and
demand for fortified food products. As a pivotal hub in the Middle East, Saudi
Arabia's market reflects a shift towards preventive healthcare, propelling the
use of premixes in various industries like food and beverages, healthcare, and
cosmetics. With a focus on combating malnutrition and lifestyle-related
diseases, the market witnesses increased adoption of custom nutrient blends in
food processing. Key players are innovating with tailored formulations to meet
diverse consumer needs, promoting overall wellness. This dynamic landscape
indicates a promising trajectory for the Saudi Arabia Vitamin & Mineral Premixes
Market, poised for continued expansion.," said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based Global
management consulting firm.
Saudi Arabia 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, By Competition
Forecast & Opportunities, 2019-2029F has evaluated the future growth
potential of Saudi Arabia Vitamin & Mineral Premixes Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide innovative 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 Saudi Arabia Vitamin & Mineral Premixes
Market.
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