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

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.