What is the global market size of Food Premixes Market?

Food Premixes Market size was valued at USD 6.31 billion in 2021 and is poised to grow from USD 6.69 billion in 2022 to USD 10.7 billion by 2030, growing at a CAGR of 6.93% in the forecast period (2023-2030).

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

Q: Who are the key vendors in the Global Food Premixes Market?

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. '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.'

Q: Which region accounted for the largest share in Global Food Premixes Market?

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.

Report ID: SQMIG15A2137 | Region: Global | Published Date: July, 2024
Pages: 157 | Tables: 121 | Figures: 77

Food Premixes Market News

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 Market Report Snapshots

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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).

The 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. '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.'

The market expansion for premix is primarily being driven by rising demand for fortified foods. Growing cases of micronutrient deficiency disorders among the 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.

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.

North America had the highest share in the 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.

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What is the market size of Food Premixes Market?

Who are the key vendors in the Food Premixes Market?

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