USD 9.37 billion
Report ID: SQSG30B2015 | Region: Global | Published Date: December, 2022 | Pages: 157 | Tables: 97 | Figures: 76
Global Nutritional Premixes Market size was valued at USD 9.37 billion in 2021 and is poised to grow from USD 9.9 billion in 2022 to USD 16.37 billion by 2030, growing at a CAGR of 4.7% in the forecast period (2023-2030).
The substances that are added to food during food processing are known as nutritional premixes. A nutritional premix is a mixture that is added to food during production or distribution. Enhancing the nutritional value of finished products is the main goal of nutritional premixes. Nutrient premixes have been widely employed in a variety of other applications besides food and drink, such as animal feed, nutraceuticals, pharmaceuticals, and others. Additionally, nutritional premixes have a number of positive effects on nutrition and health and lower the risk of a number of illnesses. Nutritional premixes are quickly becoming one of the most important ingredients in the food and beverage sector. The additional benefit of nutritional ingredients is that they contain all the necessary nutrients in a single component, saving food producers from having to include a range of food ingredients to accommodate various nutrients in their goods. Additionally, nutritious premixes have the ability to support bone health, strengthen the immune system, and give the body more energy, among other things. Examples of nutritional mixtures include infant premixes, vitamin premixes, mineral premixes, and others. Premixes are outlined as custom-made dry or liquid mixtures containing a variety of nutrients, including vitamins, minerals, amino acids, nutraceuticals, fibres, and nucleotides. Due to the expanding consumption of fortified beverages, particularly sports drinks and energy drinks, among athletes and sports enthusiasts worldwide, the demand for premixes has expanded significantly.
US Nutritional Premixes Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 9.37 billion
To get more reports on the above market click here to Buy The Report
Global Nutritional Premixes Market is segmented based on the type, form, application and region. Based on type, Global Nutritional Premixes Market is segmented into Vitamin Premixes, Mineral Premixes, Amino Acid Premixes, Fiber Premixes, Nutraceutical Premixes, Nucleotide Premixes and others. Based on form, the market is bifurcated into powder and liquid. According to application, the market is sub segmented into Animal Feed, Nutrition and Health Supplements, Food and Beverages, Pharmaceuticals, and others. Based on Region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Nutritional Premixes Market Analysis by Type
The nutrients based premixes segment held largest market share and revenue share of Global Nutritional Premixes Market in 2021. In the coming years, the segment growth is projected to be aided by the extensive usage of vitamin premixes in a variety of products, including infant formula, dairy products, cereals, nutritional supplements, and drinks. Additionally, growing consumer preferences for combinations of various functional ingredients, the numerous nutritional advantages of vitamins for both humans and animals, rising consumption of vitamin supplements as a result of an increase in cases of vitamin deficiency, and rising demand for vitamin-fortified feed and food products are all contributing to the market's demand growth.
Mineral based premixes segment is expected to register a high growth rate during the forecast period. This can be attributed to their increasing use in the production of dairy and cereal goods such milk, yoghurt, cream cheese, and oats. With regard to bone health, neuron transmission, muscular contraction, blood pressure regulation, and immune system health, minerals offer greater health advantages.
Nutritional Premixes Market Analysis by Application
Food and Beverages segment dominated the market in terms of both market share and revenue in 2021. Premixes are frequently used to create a variety of beverage products, including fruit juices, isotonic beverages, carbonated water, energy drinks, sports drinks, and nutritional drinks. Additionally, the industry is expected to grow over the coming years due to an increase in the use of customised premixes in the production of food products like dairy, cereals, bakery goods, and confectioneries.
Nutritional & health supplement segment is anticipated to witness substantial growth during the forecast period owing to the ageing populations, shifting lifestyles, and growing consumer health concern. In the coming years, the need for premixes is also likely to be driven by a rise in the number of weight control programmes, which will also likely drive dietary supplement consumption. The segment's expansion is projected to be fueled by the increasing use of vitamins, minerals, and amino acids in the production of nutrition products across a range of industries, including newborn nutrition, clinical nutrition, and sports nutrition. Furthermore, the demand for clinical nutrition products, which is expected to drive the category, will likely increase due to increased worries about the health of mothers and infants.
To get detailed analysis on other segments, Request For Sample Report
North America dominated the Global Nutritional Premixes Market in 2021. The main driver of the regional market growth is the high demand for micronutrient-enriched food products due to the prevalence of chronic disorders including diabetes, cancer, and osteoporosis. Another significant aspect driving the industrial expansion in the area is the presence of important premixes producers. The demand for nutritional premixes in the dietary supplement application is projected to be driven by the increased consumption of nutritional supplements among the ageing population in North America. The need for new and innovative functional items has greatly increased due to the nation's ageing population, which is expected to have a beneficial impact on the market growth in North America.
Asia Pacific nutritional premixes market is expected to grow the fastest during the forecast period. This can be attributed to increasing consumption of nutritional supplements and nutritious foods, along with increased per capita disposable income and improving health awareness. The demand for fortified staple food products grew quickly in this region, notably in Southeast Asian countries. Additionally, reasons including the expanding market for complex animal feed, growing consumer demand for fortified foods, and increased investments from significant companies in the market is expected to boost the premix market in this region.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Nutritional Premixes Market Driver
One of the key market drivers for nutritional premixes is consumer awareness of the benefits of eating a healthy diet. The demand for food items with added nutrition benefits is at its pinnacle and will likely dominate the food and beverage industry in the future.
Additionally, nutritional premixes have the ability to lessen the risk of a variety of health problems, such as protein, vitamin, and mineral deficiencies. The increased consumption of foods strong in protein and vitamins is also a major driver of nutritious premixes.
Consuming foods high in protein and vitamins has emerged as the go-to remedy for health problems since consumers are seeking a balance in their health. These aforementioned factors are responsible for flourishing the market.
Also, the global market for nutritional premixes is expanding due to factors including the expanding health and wellness trend, the evolving food landscape, rising demand for fortified food products, the convenience of using a single ingredient rather than multiple ingredients, and rising demand for compound animal feed.
Nutritional Premixes Market Restraint
The market for nutritional premixes is constrained by the fact that nutritional mixes have health-beneficial characteristics but that they are expensive. Both fortified and enriched foods contain various nutritious premixes, and because they are more expensive than regular foods, they have a negative impact on the market for nutritional mixes, particularly in developing nations.
Additionally, the development of the global market for nutritious premixes may be limited to some extent by regulatory framework, intervention, and technological issues during storage and handling operations.
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
Global Nutritional Premixes Market is highly competitive and fragmented due to the presence of several prominent players. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. Major players include Royal DSM N.V., Glanbia Plc, Corbion Purac, Watson Inc. and Jubilant Life Science among others. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Nutritional Premixes Market Top Player's Company Profiles
Nutritional Premixes Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Nutritional Premixes Market analysis, Growing cases of micronutrient deficiency disorders among the global population and a shortage of micronutrients in food are driving up demand for food fortification, which is boosting the market growth for food premix. The majority of premixes used in fortified meals are vitamins and minerals, which are often added to wheat flour during milling procedures to create fortified rice kernels. Growing customer preference for infant formula that is fortified with nutrients is driving the market growth, which is driving up the use of nutrient premixes in the production of newborn nutrition.
|Market size value in 2021||USD 9.37 billion|
|Market size value in 2030||USD 9.9 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Nutritional Premixes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Nutritional Premixes Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Nutritional Premixes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Nutritional Premixes Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.