Food premix market

Food Premix Market, 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 Supplement, Pharma OTC, Nutritional Improvement Program), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Request Free Sample

Oct 2022
CMI3676
120 Pages
Excel & Pdf
Food and Beverages

Summary

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.

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

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.

Table of Content

Table of Contents

* Browse 50 market data tables* and 40 figures* on “Global Food Premix Market” - forecast to 2030.

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What was the global food premix market size in 2021?

Global food premix market was valued at around US$ 1.6 Billion in 2021.

What are the major factors that are expected to drive growth of the market during the forecast period?

Growing demand for fortified food is predominantly fueling the market.

What are the trends in the market?

Rising popularity powder form premixes across both developed and developing countries is projected to augment the market.

What are the key factors hampering growth of the market?

High costs involved in food fortification processes for large-scale food production is projected to hinder the market.

Which are the key players in 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.

What is the estimated CAGR for the market?

The market is estimated to grow at around 4.6% CAGR in the forecast period (2022-2030).