According to this latest publication from Meticulous Research®, the food premix marketis expected to grow at a CAGR of 6.9% from2023 to2030 to reach$2.93 billionby 2030.The growth of thismarket is attributed to the rising health & wellness trend, the increasing demand for fortified food products, the convenience in usage offered by food premixes as a single ingredient over multiple ingredients, and the increasing number of individuals with micronutrientdeficiencies. Additionally, the growing demand for nutrition from the expanding middle-class population in emerging economies offers significant growth opportunities for food premixmanufacturers. However, regulatory structure & intervention and technical problems during storage and handling restrain the market’sgrowth.
The food premixmarket is segmented based on type, form, application, and geography. The study alsoevaluates industry competitors and analyses the market at the regional and country levels.
Basedontype, the food premix marketis segmented into multiple micronutrients premixes, vitamin premixes, mineral premixes, aminoacid premixes, nucleotide premixes, fiber premixes, nutraceutical premixes, and other food premixes. In 2023, the multiple micronutrients segment is expected toaccount for the largest share of the food premix market. The large market share of this segment is attributed to factors such as the increasing demand for processed food and health supplements to reduce nutritional deficiencies and the rising number of people with nutritionaldeficiencies. This segmentis also slated to register the highest CAGR during the forecast period. The rapid growth of this segment isattributed to the increasing demand from the infant food productsand dietary supplement industries.
Basedonform, the food premix marketis segmented into powderand liquid. In2023, the powder segment is expected toaccount for the largest share of the overall food premix market. The large market share of this segment is attributed to the benefits offered by powdered premixes over liquid premixes, such as better homogeneity, ease of use & transportation,and better stability. However, the liquid segment isexpected to register the highest CAGR during the forecast period due to the increasing demand from beverage manufacturers. Liquid premixblends help to create newproducts with greater ease. In productmanufacturing, liquid food premixeshelp to improve viscosity, mouthfeel,product stability, texture, shelf life, taste,and visualaspect.
Basedonapplication, the food premixmarketis segmented into nutrition and health supplements, food & beverages, pharmaceuticals, and otherapplications. In 2023, the nutrition and health supplement segment isexpected toaccount for the largest share of the food premixmarket. The large market share of this segment isattributed to the increasing demand for food premixes in nutrition and health supplements driven by the aging population, health & wellness trend, and high prevalence ofdiseases. However, the food & beverages segment isprojected to register the highest CAGR during the forecastperiod due
© Meticulous Research| sales@meticulousresearch.com
to the functionalbenefits offered by food premixesand the rising demand for fortified food and beverage products.
Basedongeography, in 2023, North America is expected to accountfor the largest share of the overall food premixmarket. North America’s majormarket share is attributed to the wellestablished food &beverages sector, increasing focus on food safety, rising prevalence of chronic diseases, increasing consumerexpectations for innovation and healthy food products, strong economicgrowth,and the presence ofmajormarket players in the region. However, Asia-Pacific is projected to register the highest CAGR during the forecast period. The growth of this regionalmarket isattributed to the growth in the food &t beverages industry, rapid economic growth, rising healthawarenessamong consumers, and the increasing demand for fortified food products fromemerging and developing countries, such as India, China, Indonesia, and Thailand.
KeyPlayers
The key players operating in the food premixmarket are Koninklijke DSMN.V. (The Netherlands), Glanbia Plc (Ireland), BASF SE (Germany), Corbion N.V. (The Netherlands), Watson Foods Co., Inc. (U.S.), SternVitaminGmbH & Co. KG (Germany), Vitablend Nederland B.V. (The Netherlands), Hellay Australia Pty. Ltd (Australia), Farbest-Tallman Foods Corporation (U.S.), Jubilant Life Sciences Ltd. (India),and Wright Enrichment Inc. (U.S.).
DownloadFreeSampleReport
Here:https://www.meticulousresearch.com/download-samplereport/cp_id=4236
Keyquestionsansweredinthereport-
• Which are the high-growth market segments in terms of type, form, application, and country/region?
• What is the historicalmarket for food premix across the globe?
• What are the market forecasts and estimatesfor the period of 2023 to 2030?
• What are the major drivers, restraints, challenges, opportunities, and trendsin the food premixmarket?
• Who are the major players in the global market, and what are their market shares?
• Who are the major players in various countries, and whatare theirmarket shares?
• How is the competitive landscape?
• What are the recentdevelopments in the food premixmarket?
• What are the differentgrowth strategiesadopted by the majorplayersin the market?
• What are the key geographic trends,and which are the high-growth countries?
• Who are the local emerging players in the food premix market,and how do they compete with other players?
ContactUs: Meticulous Research®
Email- sales@meticulousresearch.com
ContactSales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulousresearch
© Meticulous Research| sales@meticulousresearch.com