Food Premix Market by Type (Vitamin Premix, Mineral Premix, Amino Acid Premix, Nucleotide Premix, Fiber Premix), Application (Health Supplements, Food and Beverage, Pharmaceutical) – Global Opportunity Analysis and Industry Forecast (2018–2023)
Food Premix Market by Type (Vitamin Premix, Mineral Premix, Amino Acid Premix, Nucleotide Premix, Fiber Premix) and by Application (Health Supplements, Food and Beverage, Pharmaceutical)- Global Opportunity Analysis and Industry Forecast (2018–2023)
The research report titled “Food Premix Market by Type (Vitamin Premix, Mineral Premix, Amino Acid Premix, Nucleotide Premix, Fiber Premix) and by Application (Health Supplements, Food and Beverage, Pharmaceutical) - Global Opportunity Analysis and Industry Forecast (2018–2023)” provides in-depth analysis of food premixes market in five major geographies and emphasizes on the current market trends, market size, market share, recent developments, and forecast till 2023. Global food premix market is expected to reach USD 1,906.5 million by 2023, at a CAGR of 6.5% during the forecast period of 2018 to 2023.
The growth of this market is mainly attributed to growing health and wellness trend, increasing demand for fortified food products, and food premixes’ convenience in usage as a single ingredient over multiple ingredients. In addition, expanding middle class in emerging economies with demand for nutrition provides significant opportunity for the manufacturers in the global food premix market. However, regulatory structure and intervention and technical problems during storage and handling procedures hinder the growth of this market to some extent.
The study offers a comprehensive analysis of food premix market with respect to various product types and applications. The global food premix market is segmented on the basis of type (vitamin premix, mineral premix, amino acid premix, nucleotide premix, fiber premix, nutraceutical premix, and others), form (powder and liquid), and application (nutrition and health supplements, food and beverages, pharmaceuticals, and others).
Vitamin premixes dominated the global food premixes market in 2017. The growth of this segmentis mainly attributed to increasing consumer preferences for blends of different functional ingredients, growing consumption of vitamin supplements due to rising number of vitamin deficiency cases, and increasing demand for vitamin fortified food products.
Nutrition and health supplements segment captured a major share of global food premix market in 2017. However, food and beverages segment anticipated to grow at a lucrative rate due to large number of functional benefits offered by food premixes to food product and rising demand of fortified food and beverages products.
Geographically, the market is segmented into five major geographies, namely North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Asia-Pacific (APAC) is estimated to be the fastest growing region due to growing food and beverages industry, growing economy, improving healthy lifestyle, and increasing demand for fortified food products in emerging and developing Asian countries.
The key players operating in the global food premix market are Koninklijke DSM N.V. (The Netherlands), Glanbia Plc (Ireland), BASF SE (Germany), Corbion N.V. (The Netherlands), Watson Foods Co., Inc. (U.S.), SternVitamin GmbH & 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.).
Scope of the Study
This industry study presents in-depth qualitative analysis and historical value market data (2016 and 2017), estimated current year data (2018), and forecasts for 2023 for the following segments.
Amino Acid Premix
Market, by Form
Market, By Application
Nutrition and Health Supplements
Food and Beverages
Milk and Milk Products
Bakery & Confectionary
Cereals & Snacks
Market, by Geography
Rest of Europe (RoE)
Rest of APAC (RoAPAC)
Rest of World
Rest of Latin America (RoLATAM)
Middle East & Africa