Redding, California, March 08, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled, ‘Food Premix Market by Type (Multiple Micronutrient Premixes, Vitamin Premixes, Mineral Premixes, Amino Acid Premixes), Form (Powder, Liquid), Application (Health Supplements, Food & Beverages, Pharmaceutical) - Global Forecast to 2030,’ the food premix market is expected to reach $2.93 billion by 2030, at a CAGR of 6.9% from 2023 to 2030.
Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=4236
The growth of the food premix market is driven by the growing health and wellness trend and changing dietary patterns globally. Food consumption habits and preferences have changed considerably in the last few years. Factors such as changing demographics, increasing health concerns, growing disposable incomes, rising adoption of vegetarianism, and food customization have brought numerous changes to the food industry. Further, convenience in usage as a single ingredient over multiple ingredients increases the demand for food premixes from foods, beverages, supplements, and pharmaceutical industries.
Moreover, the demand for nutrition from emerging economies, particularly Southeast Asia, Latin America, and Africa, drive the growth of the food premix market. Over the recent years, many emerging economies in Southeast Asia, the Middle East & Africa, and Latin America have seen fast and significant changes in food consumption levels and patterns. The increasing urbanization and population growth in Asia and Africa contribute significantly to the demand for food premixes in these emerging markets. However, regulatory structure & intervention and technical problems during storage and handling restrain the growth of this market.
The food premix market is segmented based on type, form, application, and geography. The study also evaluates industry competitors and analyses the market at the regional and country levels.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=4236
Key Findings in the Food Premix Market Study:
Based on type, the food premix market is segmented into multiple micronutrients premixes, vitamin premixes, mineral premixes, amino acid premixes, nucleotide premixes, fiber premixes, nutraceutical premixes, and other food premixes. In 2023, the multiple micronutrients premixes segment is expected to account for the largest share of the food premix market. The large market share of this segment is attributed to factors such as the increasing demand for processed food and health supplements to reduce nutritional deficiencies and the rising number of people with nutritional deficiencies. This segment is also slated to register the highest CAGR during the forecast period.
Based on form, the food premix market is segmented into powder and liquid. In 2023, the powder segment is expected to account for the largest share of the food premix market. However, the liquid segment is expected to register the highest CAGR during the forecast period due to the increasing demand from beverage manufacturers. Liquid premix blends help to create new products with greater ease. In product manufacturing, liquid food premixes help to improve viscosity, mouthfeel, product stability, texture, shelf life, taste, and visual aspect.
Quick Buy – Food Premix Market Research Report: https://www.meticulousresearch.com/Checkout/88934192
Based on application, the food premix market is segmented into nutrition and health supplements, food & beverages, pharmaceuticals, and other applications. In 2023, the nutrition and health supplements segment is expected to account for the largest share of the food premix market. The large market share of this segment is attributed to the increasing demand for food premixes in nutrition and health supplements driven by the aging population, health & wellness trend, and high prevalence of diseases. However, the food & beverages segment is projected to register the highest CAGR during the forecast period.
Based on geography, in 2023, North America is expected to account for the largest share of the food premix market. North America’s major market share is attributed to the well-established food & beverages sector, increasing focus on food safety, rising prevalence of chronic diseases, increasing consumer expectations for innovation and healthy food products, strong economic growth, and the presence of major market players in the region. However, Asia-Pacific is projected to register the highest CAGR during the forecast period.
Some of the key players operating in the food premix market are Koninklijke DSM N.V. (The Netherlands), Glanbia Plc (Ireland), BASF SE (Germany), Corbion N.V. (The Netherlands), Watson Foods Co., Inc. (U.S.), SternVitamin GmbH & Co. KG (Germany), Vitablend Nederland B.V. (The Netherlands), Hellay Australia Pty. Ltd (Australia), Farbest-Tallman Foods Corporation (U.S.), Jubilant Life Sciences Ltd. (India), and Wright Enrichment Inc. (U.S.).
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/food-premix-market-4236
Scope of the report
Food Premix Market, by Type
- Multiple Micronutrients Premixes
- Vitamin Premixes
- Mineral Premixes
- Amino Acid Premixes
- Nucleotide Premixes
- Fiber Premixes
- Nutraceutical Premixes
- Other Food Premixes
Food Premix Market, by Form
- Powder
- Liquid
Food Premix Market, by Application
- Nutrition and Health Supplements
- Dietary Supplements
- Infant Nutrition
- Sports Nutrition
- Clinical Nutrition
- Food & Beverages
- Beverages
- Milk and Milk Products
- Bakery & Confectionary
- Cereals & Snacks
- Other Food & Beverages
- Pharmaceuticals
- Other Applications
Food Premix Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=4236
Related Reports
Vitamin D Market by Analog (Vitamin D3, Vitamin D2), Source (Plant-sourced, Animal-sourced), Form (Dry, Liquid), Application (Pharmaceuticals, Food & Beverages, Feed & Pet Food, Personal Care) — Global Forecast to 2030
https://www.meticulousresearch.com/product/vitamin-d-market-5441
Feed Additives Market by Type (Acidifiers, Probiotics, Enzyme, Antioxidants, Antibiotics, Amino Acids, Vitamins, Minerals), Animal Type (Poultry, Aquatic Animals), Source (Synthetic), and Geography- Global Forecast to 2027
https://www.meticulousresearch.com/product/feed-additives-market-5082
Nutraceutical Ingredients Market by Product Type (Vitamins, Amino Acids, Probiotic, Minerals), Derivation Method (Natural, Synthetic), Form, Application (Dietary Supplements, Infant and Maternal Nutrition), End User, and Geography - Global Forecast to 2025
https://www.meticulousresearch.com/product/nutraceutical-ingredients-market-5044
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Content Source: https://www.meticulousresearch.com/pressrelease/306/food-premix-market-2030
