USD 9.37 billion
Report ID:
SQSG30B2015 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
97
|Figures:
76
Nutritional Premixes Market size was valued at USD 12.02 Billion in 2023 and is poised to grow from USD 12.62 Billion in 2024 to USD 16.55 Billion by 2032, growing at a CAGR of 5.0% during the forecast period (2025-2032).
The substances that are added to food during food processing are known as nutritional premixes. A nutritional premix is a mixture that is added to food during production or distribution. Enhancing the nutritional value of finished products is the main goal of nutritional premixes. Nutrient premixes have been widely employed in a variety of other applications besides food and drink, such as animal feed, nutraceuticals, pharmaceuticals, and others. Additionally, nutritional premixes have a number of positive effects on nutrition and health and lower the risk of a number of illnesses. Nutritional premixes are quickly becoming one of the most important ingredients in the food and beverage sector. The additional benefit of nutritional ingredients is that they contain all the necessary nutrients in a single component, saving food producers from having to include a range of food ingredients to accommodate various nutrients in their goods. Additionally, nutritious premixes have the ability to support bone health, strengthen the immune system, and give the body more energy, among other things. Examples of nutritional mixtures include infant premixes, vitamin premixes, mineral premixes, and others. Premixes are outlined as custom-made dry or liquid mixtures containing a variety of nutrients, including vitamins, minerals, amino acids, nutraceuticals, fibres, and nucleotides. Due to the expanding consumption of fortified beverages, particularly sports drinks and energy drinks, among athletes and sports enthusiasts worldwide, the demand for premixes has expanded significantly.
US Nutritional Premixes Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 9.37 billion
Largest Segment
Powdered
Fastest Growth
Powdered
Growth Rate
4.7% CAGR
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Global Nutritional Premixes Market is segmented based on the type, form, application and region. Based on type, Global Nutritional Premixes Market is segmented into Vitamin Premixes, Mineral Premixes, Amino Acid Premixes, Fiber Premixes, Nutraceutical Premixes, Nucleotide Premixes and others. Based on form, the market is bifurcated into powder and liquid. According to application, the market is sub segmented into Animal Feed, Nutrition and Health Supplements, Food and Beverages, Pharmaceuticals, and others. Based on Region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Nutritional Premixes Market Analysis by Type
The nutrients based premixes segment held largest market share and revenue share of Global Nutritional Premixes Market in 2021. In the coming years, the segment growth is projected to be aided by the extensive usage of vitamin premixes in a variety of products, including infant formula, dairy products, cereals, nutritional supplements, and drinks. Additionally, growing consumer preferences for combinations of various functional ingredients, the numerous nutritional advantages of vitamins for both humans and animals, rising consumption of vitamin supplements as a result of an increase in cases of vitamin deficiency, and rising demand for vitamin-fortified feed and food products are all contributing to the market's demand growth.
Mineral based premixes segment is expected to register a high growth rate during the forecast period. This can be attributed to their increasing use in the production of dairy and cereal goods such milk, yoghurt, cream cheese, and oats. With regard to bone health, neuron transmission, muscular contraction, blood pressure regulation, and immune system health, minerals offer greater health advantages.
Nutritional Premixes Market Analysis by Application
Food and Beverages segment dominated the market in terms of both market share and revenue in 2021. Premixes are frequently used to create a variety of beverage products, including fruit juices, isotonic beverages, carbonated water, energy drinks, sports drinks, and nutritional drinks. Additionally, the industry is expected to grow over the coming years due to an increase in the use of customised premixes in the production of food products like dairy, cereals, bakery goods, and confectioneries.
Nutritional & health supplement segment is anticipated to witness substantial growth during the forecast period owing to the ageing populations, shifting lifestyles, and growing consumer health concern. In the coming years, the need for premixes is also likely to be driven by a rise in the number of weight control programmes, which will also likely drive dietary supplement consumption. The segment's expansion is projected to be fueled by the increasing use of vitamins, minerals, and amino acids in the production of nutrition products across a range of industries, including newborn nutrition, clinical nutrition, and sports nutrition. Furthermore, the demand for clinical nutrition products, which is expected to drive the category, will likely increase due to increased worries about the health of mothers and infants.
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North America dominated the Global Nutritional Premixes Market in 2021. The main driver of the regional market growth is the high demand for micronutrient-enriched food products due to the prevalence of chronic disorders including diabetes, cancer, and osteoporosis. Another significant aspect driving the industrial expansion in the area is the presence of important premixes producers. The demand for nutritional premixes in the dietary supplement application is projected to be driven by the increased consumption of nutritional supplements among the ageing population in North America. The need for new and innovative functional items has greatly increased due to the nation's ageing population, which is expected to have a beneficial impact on the market growth in North America.
Asia Pacific nutritional premixes market is expected to grow the fastest during the forecast period. This can be attributed to increasing consumption of nutritional supplements and nutritious foods, along with increased per capita disposable income and improving health awareness. The demand for fortified staple food products grew quickly in this region, notably in Southeast Asian countries. Additionally, reasons including the expanding market for complex animal feed, growing consumer demand for fortified foods, and increased investments from significant companies in the market is expected to boost the premix market in this region.
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Nutritional Premixes Market Driver
Growing Health Awareness to Drive Market Growth
Nutritional Premixes Market Restraint
High Cost to Hamper Market Growth
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Global Nutritional Premixes Market is highly competitive and fragmented due to the presence of several prominent players. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. Major players include Royal DSM N.V., Glanbia Plc, Corbion Purac, Watson Inc. and Jubilant Life Science among others. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Nutritional Premixes Market Top Player's Company Profiles
Nutritional Premixes Market Recent Development
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 Nutritional Premixes Market analysis, 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. Growing customer preference for infant formula that is fortified with nutrients is driving the market growth, which is driving up the use of nutrient premixes in the production of newborn nutrition.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 12.02 Billion |
Market size value in 2032 | USD 16.55 Billion |
Growth Rate | 5.0% |
Base year | 2024 |
Forecast period | 2025-2032 |
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 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Nutritional 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 Nutritional 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.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Nutritional Premixes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Report ID: SQSG30B2015
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