Food premix is blended with minerals vitamins, and other functional ingredients and they are used in fortification for food & beverages. Vitamin premixes, mineral premixes, nucleotides premixes, amino acids premixes, and botanicals premixes are some of the major premixes. Premix composed of excipients (carriers, fillers), fortificants (powdered vitamins and minerals), and free-flow agents. They are gaining traction in the nutritional supplements and other food products as they improve the overall quality and texture of the food products. These ingredients can be classified into vitamins, minerals, nucleotides, amino acids, and botanicals. Food premix is available in two different forms i.e. liquid and powder. Food premix helps to improve bone health, immunity, digestion, heart health, and assist in weight management.
Global food premix market was valued at US$ 1.6 Billion in 2021 in terms of revenue, exhibiting a CAGR of 4.6% during the forecast period (2022 to 2030).
Drivers
Growing demand for fortified food is predominantly fueling the market growth of premix. Rising demand for food fortification due to increasing cases of micronutrient deficiency disorders among the global population and lack of micronutrients in food is augmenting the market growth of food premix. Among all the premix vitamins and minerals are the most commonly used premix in fortified foods and are usually added to wheat flour during milling processes to produce fortified rice kernels.
Growing application of nutrient premixes in the production of infant nutrition owing to increasing consumer preference for the nutritional fortification of infant formula is propelling the market growth. Iron and vitamin D along with the DHA (Docosahexaenoic acid) and ARA (arachidonic acid) are the two most premix use during the production of infant formulas. Hence, growing demand for premix from infant nutrition formula is expected to accelerate the market growth of premix.
During the COVID-19 pandemic, large-scale food fortification was done to ensure people consumed enough nutrients for growth, development, and proper health. It aims to support the availability of premix through hubs to stabilize supply and keep fortification program operational, ensure fortified foods reach the most vulnerable through social safety net programs, and adjust advocacy efforts to match the demands of the new COVID-19 context. The premix market also benefits from the sports nutrition sector, due to the expanding consumer health awareness and a growing number of South Africans suffering from hypertension and type-2 diabetes. Moreover, obesity and micronutrient shortages are rising in the country which is further aiding the food premix business growth.
Figure 1. Global Food Premix Market Value Share (%), By Region, 2021
Market Restraints
High costs involved in food fortification processes for large-scale food production is projected to hinder the market growth of food premix. Food fortification requires advanced technologies for which many manufacturers are outsourcing production of premix which increases the cost of production. Hence, the high cost associated with the food fortification is expected to hamper market growth.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2021 | Market Size in 2021: | US$ 1.6 Bn |
| Historical Data for: | 2017-2020 | Estimated Year: | 2022 |
| Forecast Period 2022 to 2030 CAGR: | 4.6% | Forecast Period: | 2022-2030 |
| Geographies covered: |
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| Companies covered: |
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. |
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Market Trends
Rising popularity powder form premixes across both developed and emerging countries is projected to augment the market growth of food premix. Powders premix have excellent properties such as easy solubility in water. Premix powder forms are mostly used in infant nutrition, which enhances the nutritional value of products. These include infant formulas, clinical nutrition, and dietary supplement, confectionery, and bakery products.
Figure 2. Global Food Premix Market Value Share (%), By Application, 2021
The growing trend of a customized blend of desired ingredients especially homogeneous premix, vitamin-mineral which are broadly used across the beverage, bakery, dairy, sports nutrition and food supplements industry is projected to propel the market growth. Some of the major vitamins used are A, E, D, and K and important minerals used in the calcium and magnesium as they are beneficial for enhancing the nutritional value of food products.
Recent Developments
Competitive Section
Key players operating in global food premix market 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.
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:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section
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