Food Premix Market

Food premix is blended with minerals, vitamins, and other functional ingredients and they are used in fortification for food & beverages. Premix is the food product that helps to manage the weight and provide essential nutrition required by the body. These food premixes are used to enhance the content of vitamin D to improve calcium absorption and metabolism.

Market Dynamics

The global food premix market has witnessed significant growth in recent past years, owing to the growing demand for convenient food products and increasing demand for food fortification among consumers. Based on the application, the global food premix market is bifurcated into the early life nutrition/baby food, food & beverages, dietary supplement, pharma OTC, and nutritional improvement program. Among these segments, the food & beverage segment is dominating the global food premix market, owing to the increasing use of food premix in medical nutrition, sport supplements, bakery products and in the fortified dairy & beverages. This factor is estimated to drive growth of the global food premix market during the forecast period.

Moreover, the early life nutrition/baby food application is estimated to grow in the coming years, owing to the consumer preference for healthy and nutritional food premixes that are used in baby food. This is in turn is fueling the demand for the food premix during the forecast period.

In May 2021, Food Information Council Foundation of Food and Health globally revealed that 47% of consumers prefer food with additional nutrients. For instance, in December 2020, Prinova, a food premix company, announced the launch of its plant-based premixes for alternative dairy products. This factor will allow the organization to fulfill the increasing demand for functional foods for its vegan consumer base.

Key features of the study:

• This report provides an in-depth analysis of the global food premix market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global food premix market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Archer Daniels Midland Company, Koninklijke DSM N.V., Glanbia plc, Jubilant Life Sciences, Hexagon Nutrition Pvt. Ltd., Fenchem, SternVitamin, Lycored, Barentz, WATSON-INC, Prinova Group LLC, Farbest Brands, and B & H Biotechnology Co. Ltd.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics.
• The global food premix market report caters to various stakeholders in this industry including investors, suppliers, Food Premix manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global food premix market

Detailed Segmentation:

• Global Food Premix Market, By Ingredients:
  • Vitamins
  • Minerals
  • Nucleotides
  • Amino Acids
  • Botanicals
• Global Food Premix Market, By Form :
  • Powder
  • Liquid
• Global Food Premix Market, By Functions:
  • Bone Health
  • Immunity
  • Digestion
  • Energy
  • Heart Health
  • Weight Management
  • Vision Health
  • Brain Health & Memory
  • Others
• Global Food Premix Market, By Application:
  • Early Life Nutrition/Baby Food
  • Food & Beverages
    • Medical Nutrition
    • Sports Nutrition
    • Fortified Dairy & Beverages
    • Bakery Products
  • Dietary Supplement
  • Pharma OTC
  • Nutritional Improvement Program
•  Global Food Premix Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Rest of Latin America
  • Europe
    • By Country:
      • France
      • Germany
      • Italy
      • Spain
      • U.K.
      • Nordic
      • Benelux
      • Russia
      • Poland
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • ASEAN
      • South Korea
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Country:
      • GCC
      • South Africa
      • Rest of Middle East & Africa
• Company Profiles
  • Archer Daniels Midland Company*
    • Company Overview
    • Product Portfolio
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Koninklijke DSM N.V.
  • Glanbia plc
  • Jubilant Life Sciences
  • Hexagon Nutrition Pvt. Ltd.
  • Fenchem
  • SternVitamin
  • Lycored
  • Barentz
  • WATSON-INC
  • Prinova Group LLC
  • Farbest Brands
  • B & H Biotechnology Co. Ltd.

“*” marked represents similar segmentation in other categories in the respective section