Food Premix Market will Register a Steady 5.6% Value CAGR During Forecast Period 2021-2031

250 Pages Food Premix Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

The report offers actionable and valuable market insights of Food Premix. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Food Premix Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Food Premix market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Food Premix

This newly published and insightful report sheds light on Market Insights of Food Premix, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Food Premix Market.

Market Snapshot
The global food premix market will likely reach a value of US$ 2.73 Bn by the end of the 2022-2032 forecast period.

The demand for food premix is anticipated to be a value CAGR of 5.6% for the aforementioned assessment period and is anticipated to reach US$ 1.58 Bn in 2022. Amino acid based food premixes will likely capture 33% of total market revenue.

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Key Segments Covered in Food Premix Market Study

Form Type
Powdered Food Premix
Liquid Food Premix

Ingredient Type
Vitamin Food Premix
Mineral Food Premix
Nucleotides Food Premix
Amino Acids Food Premix
Botanical Food Premix

Function Type
Food Premix for Bone Health
Food Premix for Immunity
Food Premix for Digestion
Food Premix for Energy
Food Premix for Heart Health
Food Premix for Weight Management
Food Premix for Vision Health
Food Premix for Brain Health & Memory
Food Premix for Other Function Types

Application
Food Premix for Early Life Nutrition/Baby Food
Food Premix for Food & Beverages
Food Premix for Dietary Supplements
Food Premix for Pharma OTC
Food Premix for Nutritional Improvement Program

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Competitive Landscape
The competitive landscape of the food premix market is shaped by product innovation and strategic mergers & acquisitions. Front Runners are emphasizing capacity enhancements and global footprint expansion to leverage lucrative prospects in developing economies. Some notable developments are as follows:

In July 2021, Corbion closed an agreement to acquire full ownership of Granolife. With the addition of the footprint, expertise, blending capabilities, and application labs of Granolife, the company expects the capability to make a step-change in the Mexican market. 

In December 2020, Prinova launched a range of premixes for dairy replacement products to help manufacturers respond to the plant-based revolution. In a new white paper, the company highlights the growing prevalence of vegan and other non-dairy diets and their impact on plant-based markets. In line with Innova Market Insights’ “Plant-Forward” trend, the ever-evolving plant-based definition expands vegetarian and vegan NPD into the mainstream. 

7 Key Takeaways from Fact.MR’s Report on Food Premix Market for the Forecast Period 2017-2026
North America is expected to prevail as the largest market for food premix, trailed by Europe, in terms of both value and volume. Aging population across the Western economies that include the U.S., Germany, Italy, and the U.K., coupled with their focus on leading active & healthy lifestyles, regular exercising, and maintaining a nutrition-rich diet will sustain demand for food premix in these nations.

Revenues from sales of food premix in North America and Europe will collectively account for over three-fifth market share over the period of forecast. In addition, the market in APEJ is set to register a relatively faster expansion than that in Europe, although accounting for a comparatively lower market revenue share.

Rapid urbanization, rise in middle-class population with higher GHDI, soaring focus on fitness & health, and western influence on diets of people in APEJ countries, such as India and China, will continue to impact growth of food premix market in the region.

Powder form of food premix are expected to be sought-after among consumers worldwide in the upcoming years, on account of their ease-of-use and storage convenience. Revenues from sales of powdered food premixes will remain considerably larger than those procured from liquid food premixes.

Amino acids will endure as preferred ingredient type in food premix, with an envisaged market revenue share of over 33% during 2017 to 2026. Revenue shares of vitamins and minerals in the market will also remain significant. Sales of nucleotides will record the fastest sales expansion in the market, in terms of value, through 2026.

Food & beverages are likely to remain dominant applications of food premix. Sales of food premix in nutritional improvement programs will record a similar CAGR as that in food & beverage application, although estimated to account for the least market revenue share during the forecast period.

Weight management and energy will continue to be preferred functions in food premix among consumers, so as to curtail challenges related to obesity and overweight, highly prevalent pandemic ailments.

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More Valuable Insights on Food Premix Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Food Premix, Sales and Demand of Food Premix, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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