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Nutritional Premixes Market size was valued at USD 9.37 billion in 2019 and is poised to grow from USD 9.9 billion in 2023 to USD 16.37 billion by 2031, growing at a CAGR of 4.7% in the forecast period (2024-2031).

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. 'Glanbia plc', 'Koninklijke DSM N.V.', 'BASF SE', 'Archer Daniels Midland Company', 'Kerry Group plc', 'Corbion N.V.', 'SternVitamin GmbH & Co. KG', 'Prinova Group LLC', 'Jubilant Life Sciences Limited', 'Hexagon Nutrition Pvt. Ltd.', 'Watson Inc.', 'Nutreco N.V.', 'Farbest-Tallman Foods Corporation', 'Vitablend Nederland B.V.', 'Lycored Corp.', 'Zagro Asia Limited', 'Barentz International B.V.', 'Chemische Fabrik Budenheim KG', 'Cargill, Inc.', 'Innophos Inc.'

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.

A better diet and a more active lifestyle are becoming more popular worldwide. Sport now serves as the cornerstone for holistic health and is about more than just gaining muscle or decreasing weight. The sports nutrition market now faces new challenges and opportunities as a result. Many Companies are developing different type of premixes to cater to this segment. Some include pre-Workout premixes, while some are after workout regeneration premixes. Pre-workout products are taken before exercise to keep alertness and physical performance high. They make the ideal premix for goods that assist weekend warriors and athletes in getting ready for workouts. Premix provides micronutrients for goods that promote regeneration after exercise. They include electrolytes to make up for mineral losses from perspiration as well as necessary amino acids and creatine to promote the synthesis of muscle protein.

North America dominated the 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.

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Global Nutritional Premixes Market

Product ID: SQSG30B2015