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  • Published On : Oct 2022
  • Code : CMI3676
  • Industry : Food and Beverages
  • Pages : 120
  • Formats :

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

Food Premix  | Coherent Market Insights

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.

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Food Premix Market Report Coverage

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:
  • Region: North America, Latin America, Europe, Asia Pacific, Middle East & Africa
Segments covered:
  • By Ingredients: Vitamins, Minerals, Nucleotides, Amino Acids, Botanicals
  • By Form: Powder, Liquid
  • By Functions: Bone Health, Immunity, Digestion, Energy, Heart Health, Weight Management, Vision Health, Brain Health & Memory, Others
  • By Application: Early Life Nutrition/Baby Food, Food & Beverages (Medical Nutrition, Sports Nutrition, Fortified Dairy & Beverages, Bakery Products), Dietary Supplements, Pharma OTC, Nutritional Improvement Program
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.

Growth Drivers:
  • Increasing growth in the food premix industry
  • Rising demand for food premix in the global market
Restraints & Challenges:
  • High costs involved in food fortification processes for large-scale food production 

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

Food Premix  | Coherent Market Insights

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

  • In September 2022, DSM, a global purpose-led science-based company, announced the completion of its acquisition of Prodap, by harnessing the power of Prodap’s digital solutions, DSM will take another step forward in its precision & personalization journey.
  • In August 2022, DSM, a global purpose-led science-based company, announced that it pledges to purchase all of its electricity worldwide from renewable sources (hydropower, wind energy etc.) as well as further reduce greenhouse gas (GHG) emissions from its own operations (GHG emissions reduction efforts) with stringent new 2030 sustainability targets.
  • In December 2021, DSM, a global purpose-led science-based company, announced the completion of its acquisition of Vestkorn Milling for an enterprise value of US$ 65 Million. Vestkorn Milling supplies the buoyant alternative protein market with proteins, starches and dietary fibres for plant-based foods, pet food and animal feed.

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:

  • 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

Frequently Asked Questions

Global food premix market was valued at around US$ 1.6 Billion in 2021.
Growing demand for fortified food is predominantly fueling the market.
Rising popularity powder form premixes across both developed and developing countries is projected to augment the market.
High costs involved in food fortification processes for large-scale food production is projected to hinder the market.
Major players operating in the 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.
The market is estimated to grow at around 4.6% CAGR in the forecast period (2022-2030).

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