USD 6.31 billion
Food Premixes Market Size, Share, Growth Analysis, By Form(Powder and Liquid), By Ingredients(Vitamins, Minerals, Amino Acids, Nucleotides and others), By Functions(Bone Health, Immunity, Digestion, Vision Health), By Application(Early Life Nutrition/ Baby Food, Food & Beverages Pharma OTC Drugs, Dietary Supplements and Nutritional Improvement Programmes), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2137 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|Tables:
121
|Figures:
77
Food Premixes Market Insights
Food Premixes Market size was valued at USD 6.31 billion in 2019 and is poised to grow from USD 6.69 billion in 2023 to USD 10.7 billion by 2031, growing at a CAGR of 6.93% in the forecast period (2024-2031).
Premixes are prepared commercial formulae that contain each nutrient—such as amino acids, antibiotics, vitamins, minerals, proteins, nucleotides, and others—carefully balanced into and mixed into one another. Food premix is used to fortify foods and beverages by blending it with minerals, vitamins, and other useful substances. Some of the most common premixes are vitamin premixes, mineral premixes, nucleotide premixes, amino acid premixes, and botanical premixes. Premixes have gained popularity in the nutritional supplement and food products sectors due to their proven advantages, such as reduced component inventories and quality expenditures without adding ingredients that might impair the final product's flavour or texture. Due to an increase in cases of appetite loss, aging people are spending more on enriched and functional food. Due to the increased demand for nutrient-rich foods from consumers who are worried about their health, manufacturers now include beneficial additives such as vitamin premixes. To enhance the flavour and appearance of food, companies utilize a number of chemicals.
The emergence of fortified/functional goods has been impacted by consumer desire for items that are convenient, have a consistent composition, taste good, and offer health advantages. The growth of food premixes in the food and beverage sector is expected to be fueled by customised micronutrient blends, which provide affordable solutions while taking high quality raw materials into account.
US Food Premixes Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Vitamins
Fastest Growth
Vitamins
Growth Rate
6.93% CAGR
Global Food Premixes Market ($ Bn)
Country Share for North America Region (%)
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Food Premixes Market Segmental Analysis
The Global Food Premixes Market is segmented on the basis of form, ingredients, functions, application and region. According to the form the Market is bifurcated into Powdered food premixes and Liquid food premixes. On the basis of ingredients, it is sub segmented into Vitamins, Minerals, Amino Acids, Nucleotides and others. Based on the function the market is sub segmented into Bone Health, Immunity, Digestion, Vision Health, Energy, Weight Management, Heart Health, Brain Health & Memory and others. According to application the market is sub segmented into Early Life Nutrition/ Baby Food, Food & Beverages Pharma OTC Drugs, Dietary Supplements and Nutritional Improvement Programmes. Based on the region the Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Food Premixes Market Analysis by Ingredients
The Vitamin premixes segment occupied the highest market share in 2021. The practice of adding vitamin premixes to processed meals to prevent nutritional deficiencies in the populace has arisen as a result of the rising consumption of processed foods and the loss of naturally occurring vitamins in these foods during processing and storage. This market's expansion is primarily attributed to consumers' growing preferences for combinations of various functional ingredients, the fact that humans can benefit from a variety of nutrients, the rising prevalence of vitamin deficiency cases, and the rising demand for food products fortified with vitamins.
The nucleotide food premix segment is expected to grow significantly during the forecast period. This can be attributed to its increasing demand to fortify infant food products.
Food Premixes Market Analysis by Function
The energy segment registered the highest market share in 2021. Energy from the consumption of fortified food and beverage items is used for both physical activity and the maintenance of bodily processes like breathing, blood transport, and cell development and repair. To increase and maintain energy levels in the body, dietary supplements containing vitamin B12, iron, calcium, chromium, and magnesium are commonly eaten.
Bone health management segment is expected to show substantial growth during the forecast period. Widespread consumption of functional foods supplemented with minerals and vitamins has been shown to improve bone and joint health. The demand for the product is projected to increase due to a growing customer preference for using bone health supplements from a young age in order to avoid and/or lessen issues in the future. The addition of vital components including amino acids, minerals, vitamins, and nucleotides is responsible for the rise in customer preference for fortified meals.
Global Food Premixes Market By Type
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Food Premixes Market Regional Insights
North America had the highest share in the Global Food Premixes Market in 2021.Due to the high incidence of chronic illnesses including diabetes, cancer, and osteoporosis, there is a high demand for food items enhanced with micronutrients, which is the main driver of regional market growth. The need for customized premixes in the dietary supplement application is projected to increase as the ageing population in North America consumes more nutritional supplements. The demand for novel and cutting-edge functional items has also greatly grown due to the nation's expanding elderly population, which is expected to have a beneficial impact on the market growth in North America.
The Asia Pacific region is expected to register a substantially high growth rate during the forecast period. The market is flourishing due to rising per capita disposable income, rising health awareness, and rising usage of nutritional supplements and nutritious foods. Numerous premixes are in demand in Asian nations including India, Australia, China, and others because to the strong food fortification activities and increased exports of animal-based food products. The premix market in Asia is expanding as a result of the compound feed industry's explosive growth, which uses premixes as a crucial element. Large poultry integrators are looking for dependable, high-quality premixes more and more.
Global Food Premixes Market By Region
- Largest
- Fastest
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Food Premixes Market Dynamics
Food Premixes Market Drivers
Demand for Micronutrients to Bolster Market Demand
- The market expansion for premix is primarily being driven by rising demand for fortified foods. Growing cases of micronutrient deficiency disorders among the global population and a shortage of micronutrients in food are driving up demand for food fortification, which is boosting the market growth for food premix. The majority of premixes used in fortified meals are vitamins and minerals, which are often added to wheat flour during milling procedures to create fortified rice kernels.
- Premixes that are new and developed are utilised in the food industry for a variety of applications, including nutritional supplements, clinical nutrition, and newborn nutrition products. The producers are developing fortified premixes with extra nutritious properties. The global market for food premixes is projected to grow as a result of the fortification of dairy and bread products.
- Due to growing consumer demand for numerous functional supplements, the market for functional food components has prospered. As more people choose foods and beverages as part of creating and maintaining a healthy lifestyle, they look for nutraceutical brands and products that improve their lives. Therefore, factors like a rise in the need for medical nutrition and an increase in cases of malnutrition or other health conditions can greatly boost market development.
Food Premixes Market Restraints
Stringent Regulations to Hinder Market Growth
- Regarding various product kinds, the worldwide premixes market is gradually changing. Regulatory authorities in industrialised nations, such those in Europe and the United States, have stringent regulations concentrating on the veracity of label claims and overall product efficacy. Additionally, it is anticipated that a large expenditure in the fortification process will impede market expansion. Large-scale fortified goods' raw materials are also to blame for impeding the expansion of the market as a whole. These constraints thus severely limit the market's potential for expansion.
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Food Premixes Market Competitive Landscape
The global food premixes market is competitive with increasing regional players and shifting consumer preferences for fortified food and beverages. These players are involved in strategies like mergers and acquisition to maintain their market share. Key players include Koninklijke DSM N.V., Cargill Incorporated, Archer Daniel Midlands Company, BASF SE and Corbion N.V. Companies are emphasizing on new product developments using natural ingredients.
Food Premixes Market Key players company profiles
- DSM
- Archer Daniels Midland Company (ADM)
- Glanbia plc
- Ingredion Incorporated
- BASF SE
- Koninklijke FrieslandCampina N.V.
- Barentz International B.V.
- Stern-Wywiol Gruppe GmbH & Co. KG
- Jubilant Life Sciences Limited
- Corbion N.V.
- Watson Inc.
- Vitablend Nederland B.V.
- Prinova Group LLC
- Farbest Brands
- Nutreco N.V.
- Cargill, Inc.
- Blattmann Schweiz AG
- Lycored Ltd.
- AGRANA Beteiligungs-AG
- Glanvill Enthoven Ingredients Pvt. Ltd.
Food Premixes Market Recent Developments
- In September 2022, a premix for plant-based burgers and meatballs as well as savoury bakery and snack fillings was introduced by GoodMills Innovation called Vitatex Vegan-Snack-Mix.
- In March 2022, Datacor, a corporation with extensive experience in supplying software and services to the process manufacturing sectors, and Cargill signed a contract to transfer ownership of the Format Solutions business from Cargill to Datacor. With the acquisition, Datacor will diversify its software offerings and services to include the pet food and animal nutrition sectors.
Food Premixes Key Market Trends
- Innate, or generic, and adaptive, or specialised, immune systems make up the immune system. While carrying out various tasks, they collaborate closely. In the event that viruses infiltrate the body, the innate immune system serves as the initial line of defence. After around four to seven days, the adaptive immune response takes hold if the innate immune system is unable to eliminate the invading microorganisms. A healthy immune system is significantly influenced by micronutrients. The essential vitamins are selenium, zinc, iron, folic acid, vitamins A, C, D, and E, as well as vitamins B2, B6, and B12. Increased risk and severity of an infection are brought on by a lack in one of these micronutrients.
Food Premixes Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Food Premixes Market analysis, because of the rising expense of healthcare, the steadily rising life expectancy, and the desire of older people for a better quality of life in their later years, the demand for fortified foods is rising significantly among health-conscious consumers. Therefore, as customer demand for goods that are functional and nutrient-rich develops, food and beverage producers are increasingly adding food premixes into their products, which is fueling the expansion of this market. Due to growing consumer awareness of health issues, the premix market also benefits from the sports nutrition industry.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 6.31 billion |
| Market size value in 2031 | USD 10.7 billion |
| Growth Rate | 6.93% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Food Premixes Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Food Premixes Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Food Premixes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Food Premixes Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Food Premixes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Food Premixes Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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