Food Premix Market Size, Share, Revenue, Segmentation, Development Insights & Forecast by 2029

The global food premix market size was USD 6.31 billion in 2021. The market is projected to grow from USD 6.69 billion in 2022 to USD 10.70 billion by 2029, exhibiting a CAGR of 6.93% during the 2022-2029 period.

This information is stated by Fortune Business Insights, in its report titled, “Food Premix Market, 2022-2029.”

List of Key Players Mentioned in the Report:

  • SternVitamin GmbH (Germany)
  • Koninklijke DSM N.V. (Netherlands)
  • Barentz International B.V. (Netherlands)
  • Hexagon Nutrition Pvt. Ltd. (India)
  • Farbest-Tallman Foods Corporation (U.S.)
  • Archer Daniels Midland Company (U.S.)
  • Cargill, Incorporated (U.S.)
  • BASF SE (Germany)
  • Glanbia Plc (Ireland)
  • Corbion NV (Netherlands)

Browse In-depth Summary of This Research Insight: 



Hydrocolloids Segment to Lead Market Owing to High Ingestion than Other Forms

Based on type, the market is segmented into vitamins, minerals, and hydrocolloids. Out of all, the hydrocolloids segment observed a sharp growth, attributed to the mounting demand for clean-label foods or natural ingredients such as thickeners or stabilizers.

Dietary Supplements to Display Solid Growth Due to Amplified Demand for Natural Food Additives & Nutritious Food Products

On the basis of application, the market is segmented into dietary supplements, beverages, dairy products, bakery products, and others. The others segment comprises fortified cereal & grains, functional RTE, RTC food, meat alternatives/substitutes, and vegan products. The dietary supplements segment held the largest revenue share in 2021 as consumers are more aware of the type of food to be consumed.

Geographically, the market is segregated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

The report presents a holistic study of the market for food premix along with current trends and future anticipations to establish proximate investment gains. An in-depth analysis of any upcoming opportunities, threats, competitions or driving factors is also mentioned in the report.

Drivers and Restraints:

Increasing Demand for Tailored Premixes to Help Market Growth Performance

In today’s world, where the clients and companies have become more conscious of the nutritional data of numerous products, the demand for altered products to address their particular necessities is increasing. Consumer selections and demands are paving a path for the producers to develop nutrient-boosted products. Over the past few years, micronutrient premixes have attained extreme popularity owing to the increasing demand for vitamin or mineral-based fortified products and rising requirement for convenience products among individuals.

Regional Insights:

Asia Pacific to Lead Stoked by Augmented Demand for Herbal Supplements

Asia Pacific holds the maximum food premix market share owing to the growing trends of healthy lifestyle among the population. Owing to the history of traditional medicine, an increase has been observed in demand for herbal supplements or nutritionally-rich products in countries such as Japan and China.

In North America, the growth of plant-based products has augmented notably. The hike in the ever-rising health-mindful population as well as the amplified flexible income is predicted to contribute to the sales of the products over the forecast period.

In Europe, the market growth has been attributed to the developing trend for a healthy lifetime and increasing knowledge for micronutrient-based supplements that assist with the digestive health and the aging procedure. Therefore, these aspects propel the food premix market growth.

Competitive Landscape:

Innovative Product Launch Announcement by Key Players to Bolster Market Growth

The prominent food premix companies adopt several strategies to bolster their position in the market as leading companies. One such key strategy is acquiring companies to bolster the brand value among users. Another essential strategy is periodically launching innovative products with a detailed study of the market and its target audience.

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