Global Food Premix Market

Global Food Premix market size is forecast to reach $2.4 billion by 2026, growing at a CAGR of 6.1% during the forecast period 2021-2026. Food premix is a combination of minerals, vitamins, amino acids, and antibiotics among others. It is used as a supplement product and in food fortification. Malnutrition and severe health issues are caused owing to the absence of micronutrients in the diet. It enhances the nutritional value in the food and beverages and provides essential nutrition to the body. It also helps to manage weight. Metabolism and calcium absorption is improved in the body using the vitamin D that is present in the food premix. Increasing demands for convenient food products and increasing demand of food premix in the medical nutrition are the major factors driving the growth of the market. Rising incidences of malnutrition and increasing usage of fortified food products is set to further enhance the overall market developments of the Global Food Premix Market for the period 2021-2026.

Report Coverage

The report: “Global Food Premix Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Food Premix Market.

• By Ingredients: Amino Acids, Antibiotics, Vitamins, Minerals, Nucleotide Premix, and Others
• By Form: Liquid, and Powder
• By Function: Digestion, Immunity, Bone Health, Vision Health, Brain Health, Heart Health, and Weight Management
• By Application: Dairy Products, Bakery & Confectionery, Dietary Supplements, Beverage, Animal Nutrition, Infant Nutrition, and Pharmaceutical Drugs
• By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa)

Key Takeaways

• North America dominated the Global Food Premix Market in 2020 owing to the increasing awareness regarding food premix and increasing demand of food premix in the food & beverage industry. The Global Food Premix market scope for different regions will be provided in the final report.
• Increasing health issues and increasing consumer inclination towards healthcare are likely to aid the market growth of the Global Food Premix Market report.
• Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be Global Food Premix Market report.
• Lack of awareness regarding the food premix and insufficient storage facilities is poised to create the hurdles for the Global Food Premix Market.

Global Food Premix Market Segment Analysis - By Ingredients

Vitamins held the largest share in the Global Food Premix Market in 2020 and is estimated to grow at a CAGR 6.8% during the forecast period 2021-2026. This is owing to the fact that it includes fat-soluble vitamins and water-soluble vitamins that are rich source of calcium & enhances the metabolism and absorption. Main components of mineral premix are iron, phosphorus, and calcium among others. These are in dry blended form. It helps to prevent iron deficiency in the body. Amino acids are used to replace protein. Vitamins are estimated to register the higher CAGR over the period 2021-2026.

Global Food Premix Market Segment Analysis - By Application

Bakery & Confectionery held the largest share in the Global Food Premix Market in 2020 and is estimated to grow at a CAGR 6.5% during the forecast period 2021-2026. This is owing to the presence of various nutritions in the food premix. It provides unique nutritional value and various health benefits that improve the growth of the segment. Increasing shift in the preferences of the consumers and increasing micronutrient intake is increasing the growth of the market. Bakery & Confectionery are estimated to register the higher CAGR over the period 2021-2026.

Global Food Premix Market Segment Analysis - By Geography

North America dominated the Global Food Premix Market with a major share of 36.3% in 2020. This is attributed to the increasing government initiatives to enhance consumer knowledge towards new innovations in the field of food premix, and increasing focus on the research & development to adopt food premix in medicinal formulations that offers health benefits. Increasing inclination of the consumers towards the food premix, and increasing number of applications in the food & beverage industry is also increasing the growth of the market in this region.

However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the increasing health issues and increasing infection such as amoebic dysentery. Increasing demand for fortified food products is also increasing the growth of the market in this region.

Global Food Premix Market Drivers

Increasing Demand of Fortified Food Products

Increasing demand of fortified food products is increasing the growth of the Global Food Premix Market. This is owing to the increasing preferences of the consumer for fortified foods. It contains essential ingredients such as minerals, vitamins, amino acids, and nucleotides among others. Key players in the market are manufacturing their own fortified food products that have additional nutritional features. Fortified food products are used in various applications such as beverages, and infant nutrition products among others. Consumers are inclining towards the fortification. Thus, increasing the growth of the market during the forecast period 2021-2026.

Increasing Prevalence of Food Borne Diseases

Increasing prevalence of food borne diseases are increasing the growth of the Global Food Premix Market. Food contamination leads to food borne diseases. It occurs at any stage of production and consumption chain of food delivery process. Environment contamination such as pollution and unsafe food storage & processing are some of the factors that can cause food borne diseases. Thus, increasing the growth of the Global Food Premix Market during the forecast period 2021-2026.

Global Food Premix Market Challenges

Lack of Awareness Regarding the Food Premix and Insufficient Storage Facilities

Some of the factors that are set to impede the growth of the Global Food Premix Market are lack of awareness about food premix and insufficient storage facilities. Inadequate labelling of food products and lack of transportation is also set to hinder the growth of the market.

Global Food Premix Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Global Food Premix Market. In 2020, the Global Food Premix Market share is consolidated by the top ten players present in the market. The Global Food Premix Market, top 10 companies are Barentz International, Daniels Midland Company, Glanbia PLC, Koninklijke DSM N.V., Prinova Group LLC, BASF SE, and Fenchem Biotek Ltd. among others.

Acquisitions/Product Launches

• In March 2020, Daniels Midland Company acquired Ziegler Group to accelerate the growth opportunities by creating benefits for the customers.

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