Food Premix Market - Forecast(2023 - 2028)

Report Code: FBR 32664 Report Format: PDF + Excel

Food Premix Market Overview

The Food Premix Market is estimated to reach $1,952.8 million by 2027 growing at a CAGR of 6.3% over the forecast period 2022-2027. Premixes are commercial formulas that have been specially created in which each nutritious component like amino Acids, antibiotics, vitamins, minerals, proteins, nucleotides and others has been carefully blended and balanced. Owing to their demonstrated benefits, such as decreased component inventories and quality expenses without introducing elements that could affect the final product's taste or texture, premixes have gained favor in the nutritional supplement and food products industries. Aging populations are spending more on fortified and functional food as a result of an increasing number of cases of appetite loss. Manufacturers now include healthy additives like vitamin premixes owing to the rising demand for nutrient-rich food from consumers who are concerned about their health. Food producers use a variety of substances to improve the look, taste and usefulness of their goods.

Food Premix Market Report Coverage

The report: “Food Premix Market – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Global Food Premix Market.

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

Key Takeaways

  • The rising expense of healthcare, the consistent rise in life expectancy and the desire of older people for a better quality of life in their later years are the key drivers of this demand among health-conscious consumers. Therefore, food and beverage producers are increasingly incorporating food premixes into their products as customer demand for functional and nutrient-rich foods develops, fueling the expansion of this market.
  • Owing to factors like the aging population's rising malnutrition rates and consumers' growing need for nutrient-dense foods, the global food premix market size is anticipated to grow over the forecasted period.
  • Growing food fortification and newborn feeding products are two other significant factors increasing demand for the food premix market. Furthermore, an increase in the number of new products launched accelerates the Global Food Premix market size.
  • A detailed analysis of strengths, weaknesses, opportunities and threats will be provided in the Global Food Premix Market Report.

Food Premix: Market Share (%) by region, 2021

Food Premix Market

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Food Premix Market Segment Analysis – by Ingredients:

Food Premix Market based on the ingredients can be further segmented into Amino Acids, Antibiotics, Vitamins, Minerals, Nucleotide Premix and Others. The Vitamin segment accounted for the largest Global Food Premix market share in 2021. This is mainly owing to the growing vitamin deficiencies all around the world. Most health authorities have cited vitamin insufficiency as their top health concern. For instance, the Bio station study in 2020 states that approximately 80% of Americans are vitamin E deficient and 90% of Americans of color are vitamin D deficient. Similar to this, 76% of Indians in 2019 have vitamin D deficiency. The most support is given to items that are fortified with premixes of the required vitamins. However, the Antibiotics segment is poised to grow with the fastest CAGR of 9.3% in the forecast period 2022-2027. Premixed antibiotics have shown wide-spectrum benefits in the management of human disease, which is primarily responsible for the Global Food Premix market size. First off, the medicine falls under the ready-to-use category, removing the possibility of mixing at the pharmacy level as well as the time and potential errors associated with compounding. Additionally, items are produced using FDA cGMP procedures, reducing the potential of mistakes and contamination.

Food Premix Market Segment Analysis – by Form:

Food Premix Market based on the form can be further segmented into Powder and Liquid. The powder segment held a dominant Global Food Premix market share in the year 2021 and is poised to grow with the fastest CAGR of 6.9% in the forecast period 2022-2027, which is majorly owing to its ease of use. In food products like flour, dietary supplements and other widely consumed food items proteins, nucleotide, vitamin and mineral premixes provide consistency. Additionally, the increased demand for these food items especially with ingredients such as nucleotide and amino acids supports the growth of the market for powdered food premixes. Infant formula, clinical nutrition, fortification of nutritional drinks and other goods including sports nutrition and nutritional drinks for athletes all use nucleotide premixes and protein-based premixes. Additionally, dairy products like yogurt, fortified milk, powdered milk and other dairy products employ nucleotides as well as amino acids and minerals in the premix. Owing to its greater advantages over its liquid version, such as affordability, efficient packing, stability and flexibility, food premixes are frequently used in powdered form. 

Food Premix Market Segment Analysis – by Geography:

Food Premix Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America and the Rest of the World. North America Food Premix Market accounted for 36% revenue share in 2021. The well-established food and beverage industry, increased emphasis on food safety, rising incidence of chronic diseases, rising consumer demand for innovative and healthful food items, strong economic growth and the presence of certain big businesses are the main reasons for this region's dominance. However, Asia-Pacific is poised to grow with the fastest CAGR in the forecast period 2022-2027 owing to the region's expanding food and beverage sector, advancing healthy lifestyles and rising demand for fortified food items in developing Asian nations. Additionally, rising per capita disposable income, along with expanding health awareness and rising consumption of nutritious foods and dietary supplements is fueling Global Food Premix market share expansion.

Food Premix Market – Drivers

The increasing popularity of fortified foods has paved the way for advanced nutrient premixes:

Consumers are very willing to pay a price premium for meals that are protein-fortified, according to the most recent poll done by taste and nutrition expert Kerry in November 2021. Around 75% of customers worldwide said they would be willing to pay more for foods and drinks with added protein. More than 50% of consumers worldwide are willing to pay a 10% premium, while an additional 15% are prepared to pay a 25% premium. This poll included more than 6,300 consumers from North American, European, Latin American and Asian-Pacific nations. The market expansion of food premixes is being driven by the increase in demand for fortified meals. The World Health Organization (WHO) has also included the reduction of anemia prevalence in women of reproductive age by 50% as one of the global targets for improving maternal, infant and young child nutrition, to be achieved by 2025 by implementing large-scale fortification along with other interventions that are crucial to achieving this global nutrition target. Thus the market for food premixes is being facilitated by the increasing emphasis on food fortification.

Growing Awareness of the Immunity-Boosting Benefits of a Healthy Diet is Driving the Market Growth:

One of the main drivers propelling the market's expansion is the growing customer interest in the product as well as a better understanding of the immunity-boosting benefits of a healthy diet and eating habits. Consumers are including bioactive food components like omega-3 fatty acids, antioxidants, probiotics, amino acids and others into their meals to maintain optimum health. Urbanization and higher income levels are also linked to a way of life that requires less daily exercise and gives more access to meals with higher caloric content. According to the International Food Information Council's 2020 Food and Health Survey, COVID-19 has led to changes in eating or food preparation habits for 8 out of 10 American consumers. Furthermore, 25–30% of all grocery shoppers in the US and Europe are health-conscious, according to a Moneydasher report from 2021 which is boosting the Global Food Premix industry growth.

Food Premix Market – Challenge

The High Cost of Food Premixes is Hindering the Market Growth in Emerging Economies:

The expense of premix was listed by 75% of respondents as one of the top three challenges to guarantee fortification quality and compliance in the Global Alliance for Improved Nutrition (GAIN) study from 2020. (the highest percentage of all barriers reported). In situations where fortified foods have not yet become commonplace, there is a limited capacity to effectively estimate product demand and premix demands, particularly for small and medium-sized producers. In order to balance the risk of a stock-out with the risk of premix expiration, some producers struggle to finance an upfront premix purchase. In order to meet increased expenses for raw materials, energy and logistics, DSM Nutritional Products is doubling its efforts and raising the pricing of its food- and pharmaceutical-grade vitamins, premixes and citric acid. Additionally, businesses like BASF have raised the cost of their vitamins by 10 to 15 percent. This, when taken together, is hindering the Global Food Premix industry's growth.

Food Premix Industry Outlook:

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Global Food Premix Market. The top 10 companies in the Global Food Premix Market are:

  1. Barentz International
  2. Daniels Midland Company
  3. Glanbia PLC.
  4. Koninklijke DSM N.V.
  5. Prinova Group LLC.
  6. BASF SE.
  7. Fenchem Biotek Ltd. 
  8. Hexagon Nutrition Pvt Ltd.
  9. SternVitamin GmbH & Co. KG.
  10. Farbest-Tallman Foods Corporation

Recent Developments

  • In June 2021, DSM is enhancing the production of its special care premix solutions with the opening of Buk, an extended manufacturing facility in Buk, Poland. The facility will help meet the growing demand for a reliable and even faster supply of premixes, including for the medical, infant and senior nutrition spaces. 
  • In April 2021, SternVitamin has launched micronutrient premixes for immunity. These micronutrients perform many functions that help the immune system, including antioxidative and antimicrobial functions and they help to neutralize viruses and bacteria. The company is aiming to address the growing demand for products that support immune health.
  • In December 2020, Prinova Group LLC has launched a range of premixes for dairy replacement products. The company offers premixes optimized for vegan milk alternatives and for vegan oat-based yogurt. The premixes are made using the company’s Pea Protein 85%, which is high in branched-chain amino acids and allergen-free.

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1. Food Premix Market - Overview
    1.1 Definitions and Scope
2. Food Premix Market - Executive Summary
3. Food Premix Market – Market Landscape
    3.1 Company Benchmarking – Key Companies
    3.2 Global Financial Analysis – Key Companies
    3.3 Market Share Analysis – Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis
4. Food Premix Market – Startup Company Scenario (Premium)
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Food Premix Market – Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Food Premix Market - Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Food Premix Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Food Premix Market – by Ingredients
    8.1 Amino Acids
    8.2 Antibiotics
    8.3 Vitamins
    8.4 Minerals
    8.5 Nucleotide Premix
    8.6 Others
9. Food Premix Market – by Form
    9.1 Powder
    9.2 Liquid
10. Food Premix Market – by Function
    10.1 Digestion
    10.2 Immunity
    10.3 Bone Health
    10.4 Vision Health
    10.5 Brain Health
    10.6 Heart Health
    10.7 Weight Management
    10.8 Others
11. Food Premix Market – by Application
    11.1 Dairy Products
    11.2 Bakery & Confectionery
    11.3 Dietary Supplements
    11.4 Beverage
    11.5 Infant Nutrition
    11.6 Others
12. Food Premix Market - by Geography
    12.1 North America
        12.1.1 the U.S.
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 the UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 India
        12.3.3 Japan
        12.3.4 South Korea
        12.3.5 Australia & New Zealand
        12.3.6 Rest of Asia Pacific
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Chile
        12.4.4 Colombia
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Africa
        12.5.2 the Middle East
13. Food Premix Market - Market Entropy
    13.1 New service launches
    13.2 M&A's, collaborations, JVs and partnerships
14. Food Premix Market – Industry Competition Landscape (Premium)
    14.1 Market Share Analysis
        14.1.1 Market Share by Region – Key Companies
        14.1.2 Market Share by Country – Key Companies
    14.2 Competition Matrix
    14.3 Best Practices for Companies
15. Food Premix Market – Key Company List by Country Premium (Premium)
16. Food Premix Market Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
* "Financials would be provided to private companies on best-efforts basis."
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LIST OF TABLES

1.Global Market Segmentation Market 2019-2024 ($M)
1.1 By Product Type Market 2019-2024 ($M) - Global Industry Research
1.1.1 Vitamins Market 2019-2024 ($M)
1.1.2 Minerals Market 2019-2024 ($M)
1.1.3 Amino acids Market 2019-2024 ($M)
1.2 By Form Market 2019-2024 ($M) - Global Industry Research
1.2.1 Powder Market 2019-2024 ($M)
1.2.2 Liquid Market 2019-2024 ($M)
1.3 By Application Market 2019-2024 ($M) - Global Industry Research
1.3.1 Infant Nutrtion Market 2019-2024 ($M)
1.3.2 Sports Nutrition Market 2019-2024 ($M)
1.3.3 Fortified Dairy Beverages Market 2019-2024 ($M)
1.3.4 Dietary Supplements Market 2019-2024 ($M)
2.Global Market Segmentation Market 2019-2024 (Volume/Units)
2.1 By Product Type Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 Vitamins Market 2019-2024 (Volume/Units)
2.1.2 Minerals Market 2019-2024 (Volume/Units)
2.1.3 Amino acids Market 2019-2024 (Volume/Units)
2.2 By Form Market 2019-2024 (Volume/Units) - Global Industry Research
2.2.1 Powder Market 2019-2024 (Volume/Units)
2.2.2 Liquid Market 2019-2024 (Volume/Units)
2.3 By Application Market 2019-2024 (Volume/Units) - Global Industry Research
2.3.1 Infant Nutrtion Market 2019-2024 (Volume/Units)
2.3.2 Sports Nutrition Market 2019-2024 (Volume/Units)
2.3.3 Fortified Dairy Beverages Market 2019-2024 (Volume/Units)
2.3.4 Dietary Supplements Market 2019-2024 (Volume/Units)
3.North America Market Segmentation Market 2019-2024 ($M)
3.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
3.1.1 Vitamins Market 2019-2024 ($M)
3.1.2 Minerals Market 2019-2024 ($M)
3.1.3 Amino acids Market 2019-2024 ($M)
3.2 By Form Market 2019-2024 ($M) - Regional Industry Research
3.2.1 Powder Market 2019-2024 ($M)
3.2.2 Liquid Market 2019-2024 ($M)
3.3 By Application Market 2019-2024 ($M) - Regional Industry Research
3.3.1 Infant Nutrtion Market 2019-2024 ($M)
3.3.2 Sports Nutrition Market 2019-2024 ($M)
3.3.3 Fortified Dairy Beverages Market 2019-2024 ($M)
3.3.4 Dietary Supplements Market 2019-2024 ($M)
4.South America Market Segmentation Market 2019-2024 ($M)
4.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
4.1.1 Vitamins Market 2019-2024 ($M)
4.1.2 Minerals Market 2019-2024 ($M)
4.1.3 Amino acids Market 2019-2024 ($M)
4.2 By Form Market 2019-2024 ($M) - Regional Industry Research
4.2.1 Powder Market 2019-2024 ($M)
4.2.2 Liquid Market 2019-2024 ($M)
4.3 By Application Market 2019-2024 ($M) - Regional Industry Research
4.3.1 Infant Nutrtion Market 2019-2024 ($M)
4.3.2 Sports Nutrition Market 2019-2024 ($M)
4.3.3 Fortified Dairy Beverages Market 2019-2024 ($M)
4.3.4 Dietary Supplements Market 2019-2024 ($M)
5.Europe Market Segmentation Market 2019-2024 ($M)
5.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Vitamins Market 2019-2024 ($M)
5.1.2 Minerals Market 2019-2024 ($M)
5.1.3 Amino acids Market 2019-2024 ($M)
5.2 By Form Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Powder Market 2019-2024 ($M)
5.2.2 Liquid Market 2019-2024 ($M)
5.3 By Application Market 2019-2024 ($M) - Regional Industry Research
5.3.1 Infant Nutrtion Market 2019-2024 ($M)
5.3.2 Sports Nutrition Market 2019-2024 ($M)
5.3.3 Fortified Dairy Beverages Market 2019-2024 ($M)
5.3.4 Dietary Supplements Market 2019-2024 ($M)
6.APAC Market Segmentation Market 2019-2024 ($M)
6.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Vitamins Market 2019-2024 ($M)
6.1.2 Minerals Market 2019-2024 ($M)
6.1.3 Amino acids Market 2019-2024 ($M)
6.2 By Form Market 2019-2024 ($M) - Regional Industry Research
6.2.1 Powder Market 2019-2024 ($M)
6.2.2 Liquid Market 2019-2024 ($M)
6.3 By Application Market 2019-2024 ($M) - Regional Industry Research
6.3.1 Infant Nutrtion Market 2019-2024 ($M)
6.3.2 Sports Nutrition Market 2019-2024 ($M)
6.3.3 Fortified Dairy Beverages Market 2019-2024 ($M)
6.3.4 Dietary Supplements Market 2019-2024 ($M)
7.MENA Market Segmentation Market 2019-2024 ($M)
7.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Vitamins Market 2019-2024 ($M)
7.1.2 Minerals Market 2019-2024 ($M)
7.1.3 Amino acids Market 2019-2024 ($M)
7.2 By Form Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Powder Market 2019-2024 ($M)
7.2.2 Liquid Market 2019-2024 ($M)
7.3 By Application Market 2019-2024 ($M) - Regional Industry Research
7.3.1 Infant Nutrtion Market 2019-2024 ($M)
7.3.2 Sports Nutrition Market 2019-2024 ($M)
7.3.3 Fortified Dairy Beverages Market 2019-2024 ($M)
7.3.4 Dietary Supplements Market 2019-2024 ($M)

LIST OF FIGURES

1.US Global Food Premix Market Revenue, 2019-2024 ($M)
2.Canada Global Food Premix Market Revenue, 2019-2024 ($M)
3.Mexico Global Food Premix Market Revenue, 2019-2024 ($M)
4.Brazil Global Food Premix Market Revenue, 2019-2024 ($M)
5.Argentina Global Food Premix Market Revenue, 2019-2024 ($M)
6.Peru Global Food Premix Market Revenue, 2019-2024 ($M)
7.Colombia Global Food Premix Market Revenue, 2019-2024 ($M)
8.Chile Global Food Premix Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Food Premix Market Revenue, 2019-2024 ($M)
10.UK Global Food Premix Market Revenue, 2019-2024 ($M)
11.Germany Global Food Premix Market Revenue, 2019-2024 ($M)
12.France Global Food Premix Market Revenue, 2019-2024 ($M)
13.Italy Global Food Premix Market Revenue, 2019-2024 ($M)
14.Spain Global Food Premix Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Food Premix Market Revenue, 2019-2024 ($M)
16.China Global Food Premix Market Revenue, 2019-2024 ($M)
17.India Global Food Premix Market Revenue, 2019-2024 ($M)
18.Japan Global Food Premix Market Revenue, 2019-2024 ($M)
19.South Korea Global Food Premix Market Revenue, 2019-2024 ($M)
20.South Africa Global Food Premix Market Revenue, 2019-2024 ($M)
21.North America Global Food Premix By Application
22.South America Global Food Premix By Application
23.Europe Global Food Premix By Application
24.APAC Global Food Premix By Application
25.MENA Global Food Premix By Application
26.Royal DSM N.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Glanbia, plc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Corbion N.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Chemische Fabrik Budenheim KG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Vitablend BV, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Watson Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Stern Vitamin GmbH Co. KG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.The Wright Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.DPO International Sdn Bhd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Farbest Brands, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.DSM, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Jubilant Life Sciences Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Fenchem, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Hexagon Nutrition Pvt. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.SternVitamin, Sales /Revenue, 2015-2018 ($Mn/$Bn)