Global Food Premix Market Is Likely To Reach $3536.65 Million By 2032

Zion Market Research has published a new report titled “Food Premix Market by Product Type (Vitamins, Minerals, Amino Acids, Nutraceutical, and Others), by Form (Powder and Liquid), and by Application (Food & Beverages, Dietary Supplements, Pharma OTC Drugs, and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032”. According to the report, the global food premix market was approximately USD 1784.02 Million in 2023 and is predicted to reach USD 3536.65 Million by the end of 2032. The market is expected to grow with a CAGR of 7.9% during the forecast period.

Rising health and wellness awareness levels among consumers, growing demand for fortified food products, and the ease in food premix use as a single ingredient over various other ingredients are predicted to drive the global food premix market in the future. Furthermore, the rapidly growing middle-class population base in developing countries is generating a high demand for nutritious food, which is expected to create further growth opportunities for the food premix manufacturers.

However, the intervention of regulatory structure and technical issues during the handling and storage of food premixes may hamper this market. Moreover, the rising demand for food fortification and increasing global need for fortified custom premixes are expected to further drive the food premix market growth in the upcoming years. The use of nutrient premixes by manufacturers of infant nutrition products incessantly is predicted to positively impact this market in the future.

Browse the full “Food Premix Market by Product Type (Vitamins, Minerals, Amino Acids, Nutraceutical, and Others), by Form (Powder and Liquid), and by Application (Food & Beverages, Dietary Supplements, Pharma OTC Drugs, and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032” Report at https://www.zionmarketresearch.com/report/food-premix-market

Based on product type, the food premix market includes vitamins, minerals, amino acids, nutraceutical, and others. The vitamins segment held a substantial share in 2018, due to the frequent innovations in the development of customized premixes by the manufacturers.

The form segment of the market is bifurcated into powder and liquid. The liquid segment is predicted to register the highest CAGR over the forecast timeline, owing to the increasing demand for liquid premixes by various beverage manufacturers, as they enhance product’s viscosity, stability taste, texture, and shelf life.

By application, the market includes dietary supplements, food and beverages, pharma OTC drugs, and others. The food and beverage segment is further divided into bakery products, sports nutrition, fortified dairy and beverages, and medical nutrition. Dietary supplements held a significant market share in 2018, due to the increasing use of food premix in food and dietary supplements.

North America dominated the global food premix market in 2018 and is predicted to continue with its supremacy over the forecast time period as well. The regional growth is attributed to the rising concerns related to a healthy lifestyle, technological developments in food processing techniques, increasing R&D activities, and easy availability of food premix for dietary supplements. The Asia Pacific food premix market is predicted to register the highest CAGR over the forecast timeline, owing to the rapidly growing food and beverages industry and raising awareness regarding healthy lifestyle.

Food Premix Market: Competitive Analysis

The global food premix market is dominated by players like:

• Farbest Brands
• BASF
• Barentz International
• Archer Daniels Midland
• Jubilant Life Sciences
• LycoRed Limited
• Glanbia
• Fenchem Biotek
• Koninklijke DSM
• Prinova Group
• Hexagon Nutrition
• Watson
• SternVitamin GmbH

This report segments the global food premix market into:

Global Food Premix Market: Product Type Analysis

• Vitamins
• Minerals
• Amino Acids
• Nutraceutical
• Others

Global Food Premix Market: Form Analysis

• Powder
• Liquid

Global Food Premix Market: Application Analysis

• Food and Beverages
  • Medical Nutrition
  • Sports Nutrition
  • Fortified Dairy and Beverages
  • Bakery Products
• Dietary Supplements
• Pharma OTC Drugs
• Others

Global Food Premix Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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