Food Premix Market Promising Growth Opportunities over 2017 to 2027

Posted on 2021-03-23 by Future Market Insights in Industrial // 0 Comments

Dubai, United Arab Emirates, 2021-Mar-23 — /EPR Network/ —

In this report, Future Market Insights (FMI) offers a 10-year forecast of the global food premix market between 2017 and 2027. In terms of value, the market is expected to expand at a CAGR of 5.4% over the forecast period. The current study reveals the market trends and market dynamics in all seven regions that are expected to positively affect the current market environment and future scenario of the Food Premix market over the forecast period.

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Report Description

This Future Market Insights’ report inspects the food premix market for the period 2017–2027. The prime objective of this report is to offer insights into developments in the food premix market that are gradually helping transform global businesses associated with the same. The global food premix market report begins by the executive summary and defining various categories and their share in the Food Premix market. It is followed by market dynamics, overview of the Global Food premix market, which includes FMI analysis of market drivers, restraints, opportunities and trends that are affecting growth of the food premix market. Furthermore, to understand the popularity of the market segment and regions, the attractiveness index with elaborated insights on the same is provided, which shows the market’s attractiveness based on the factors such as CAGR and incremental opportunity.

The increasing demand for food fortification backed by growing demand for fortified custom premixes across the regions by various manufacturers, are expected to be the key factors driving market growth for food premixes. The demand for food fortification has increased significantly in the recent past due to the high rate of micronutrient deficiency disorders among the global population, and the lack of micronutrients in food could lead to severe forms of malnutrition. Thus, foods such as wheat, maize, flour, sugar, and vegetable oils are fortified with vitamins and minerals to ensure better health of the consumers.

The use of nutrient premixes in infant nutrition is increasing globally due to the rising consumer preference for nutritional fortification of infant formula and baby food products. Infant formulas are mainly blended with iron and vitamin D for babies that are not being breastfed, and also ingredients such as DHA (docosahexaenoic acid) and ARA (arachidonic acid) are added with iron and vitamins. The use of various customised premixes is increasing currently, primarily in developed countries, due to the unique formulation of premixes, coupled with growing consumer awareness regarding the benefits of consuming fortified food products. Customised vitamin and amino acid premixes are mostly used in various applications such as dietary supplements, bakery products, sports nutrition, infant formula, and clinical nutrition. Changing consumer behaviour along with increasing awareness of fortification in foods, especially with regard to vegetable oils, are factors driving the demand for fortified foods, globally. Due to the impact of vitamin A and D deficiency on health, the demand for fortified vegetable oils has been increasing rapidly in developing countries in the recent past.

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The food premix market is segmented based on form, ingredient type, application type, function type and region. Based on form the segmentation includes, powder and liquid food premixes. Powdered segment is expected to grow at a CAGR of 5.6% over the forecast period. By Ingredient type global food premix market is segmented into vitamins, minerals, amino acids, nucleotides and others (botanicals). Vitamins as a premix in various applications is expected to contribute towards maximum revenue growth in the overall food premix market by form. The segment is being expected to be valued at US$ 802.6 Mn by 2027.

By function type global food premix market is segmented into bone health, immunity, digestion, weight management, vision health, heart health, energy, brain health & memory and others. Premixes for weight management are expected to contribute towards maximum revenue growth in the overall food premix market by function type. The segment is being expected to be valued at US$ 515.5 Mn by 2027. By application type, the market for food premix is segmented into, Early life nutrition/ baby food, food & beverages, dietary supplements, Pharma OTC drugs and nutritional improvement programmes. Food & Beverage segment is further sub-segmented into medical nutrition, sports nutrition, fortified dairy & beverages and bakery products. Food & Beverage segment is expected to contribute towards maximum revenue growth of food premix market over the forecast period.

The next section of the report highlights the food premix market, by region, and provides the market outlook for 2017–2027. The study investigates the market attractiveness regionally, as well as analyses the limit to which the trends are influencing the food premix market in each region. Main regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding China (APEC), China and the Middle East & Africa (MEA). North America market has been estimated to dominate the Food Premix market, accounting for maximum revenue share of the market by 2017 end. Collectively, North America, Western Europe & APEC and China are expected to account for 78.9% revenue share of the global food Premix market by 2017 end. However, China is estimated to exhibit a significant CAGR of 7.2% over the forecast period.

To ascertain the food premix market size, we have also taken into account the revenue generated by the various manufacturers. The forecast presented here assesses the total revenue generated by value, across the food premix market. In order to provide an accurate forecast, we initiated by sizing up the current market, which forms the basis on how the food premix market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of analysis; based on supply side, downstream industry demand and the economic envelope. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the food premix market and identify the right opportunities across the market.

The food premix segments based on form, ingredient type, application type, function type and region, have been analysed in terms of basis point share (BPS) to understand the individual segment’s relative contributions to market growth. This detailed level of information is important for identifying various key trends in the food premix market. To understand key growth segments in terms of growth and adoption for food premix globally, Future Market Insights developed the food premix market ‘Attractiveness Index.’ The resulting index should help providers identify real market opportunities.

In the final section of the report on food premix, the ‘dashboard view’ of the companies is provided to compare the current industrial scenario and their contribution in total food premix market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the food premix marketplace.

Detailed profiles of food premix production companies are also included in the report to evaluate their long– and short–term strategies, key product offerings and recent developments in the Food premix market. Key market competitors covered in the report include, Glanbia plc, Archer Daniels Midland Company, Koninklijke DSM N.V., BASF SE, Jubilant Life Sciences, Fenchem Biotek Ltd., Prinova Group LLC, Watson Inc., Barentz International B.V., LycoRed Limited, SternVitamin GmbH & Co. KG, Farbest Brands and Hexagon Nutrition Pvt. Ltd.

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