According to the report published by Zion Market Research, the global Food Premix Market size was valued at USD 1784.02 Million in 2023 and is predicted to reach USD 3536.65 Million by the end of 2032. The market is expected to grow with a CAGR of 7.9% during the forecast period.
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Food Premix Market: Motives of Growth
A food premix is a component blended in the first phase of manufacturing and distribution. Rising health issues among parents about baby food items are likely to boost the global food premix market expansion over the projection time period. Since most parents want their children to have high nutritional value and healthful diet, food premix has become increasingly in demand globally. Furthermore projected to drive the food premix market expansion in the next years are growing demand for food fortification and global need for fortified bespoke premixes.
Manufacturer of newborn feeding products constantly using nutrient premixes is expected to benefit this market going forward. Additionally anticipated to drive the global food premixes market over the projection period are the presence of many substances like DHA (docosahexaenoic acid) and ARA (arachidonic acid) coupled with vitamins and iron.
Future directions of the global food premix market are expected to include rising health and wellness consciousness among consumers, expanding demand for fortified food items, and the simplicity in food premix use as a single component over many other ingredients. Moreover, the fast expanding middle-class population base in developing nations is driving a great need for wholesome food, which is predicted to present new chances for the manufacturers of food premix. But the intervention of technological problems and regulatory framework during food premix processing and storage could restrict this industry.
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The Global Food Premix Market is segmented based on product, application and region
Global Food Premix Market: Product Segment Analysis
● Vitamins
● Minerals
● Amino Acids
● Nutraceutical
● Others
Global Food Premix Market: Application Segment Analysis
● Food and Beverages
● Dietary Supplements
● Pharma OTC Drugs
● Others
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The Global Food Premix market profiles key players such as:
● Farbest Brands
● BASF
● Barentz International
● Archer Daniels Midland
● Jubilant Life Sciences
● LycoRed Limited
● Glanbia
● Fenchem Biotek
● Koninklijke DSM
● Prinova Group
● Hexagon Nutrition
● Watson
● SternVitamin GmbH
Market for Food Premix: Regional Study
The regional segment covers the historical and projected demand for North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
In 2018 North America led the worldwide food premix market and is expected to remain so for the next years as well. Rising concerns about a healthy lifestyle, technological advancements in food processing methods, more R&D activity, and simple access to food premix for dietary supplements help to explain the regional rise. Given the fast expanding food and beverage sector and increasing consciousness of a healthy lifestyle, the Asia Pacific food premix market is expected to exhibit the highest CAGR throughout the forecast period.
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