Demand for Food Premix Is Anticipated To Be A Value CAGR of 5.6% Over 2032

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 Takeaways from the Market Study

• Global market to surpass US$ 1.58 Bn by 2022.
• U.S to be a highly lucrative market, registering a CAGR of 6% through 2032
• 3/5th of global food premix revenue to be generated by Germany
• India to register a CAGR of 5.5% with respect to food premix sales until 2032
• Revenues from sales of powdered food premixes will remain considerably larger.
• Amino acids will endure as the preferred ingredient type, with an envisaged market revenue share of over 33%.
• Weight management and energy will remain preferred functions among consumers.

"Increasing demand for nutritional supplements, owing to insufficient food intake, especially among children, is supplementing demand for food premixes, with increased emphasis on point-of-use food fortification with micronutrient powders," says a Fact.MR analyst.

Competitive Landscape

Major players in the global market of food premix are Hexagon Nutrition Pvt. Ltd., SternVitamin GmbH & Co. KG, Lycored Ltd., Barentz International, WATSON-INC, Prinova Group LLC, Fenchem Biotek Ltd., Farbest Brands, BASF SE, Jubilant Life Sciences, Koninklijke DSM N.V., Archer Daniels Midland Company, and Glanbia plc. Frontrunners 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.

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Prominent Key Players:

• Glanbia Plc
• Archer Daniels Midland Company
• Koninklijke DSM N.V.
• Jubilant Life Sciences
• BASF SE
• Farbest Brands
• Fenchem Biotek Ltd.
• Prinova Group LLC
• Watson Inc.
• Barentz International
• LycoRed Ltd.
• SternVitamin GmbH
• Hexagon Nutrition Pvt. Ltd.

The report covers following Food Premix Market insights and assessment that are helpful for all participants involved in the Food Premix market:

• Data on recently introduced regulations and their impact on key industries and on demand in Food Premix
• Latest industry Analysis on Food Premix Market, with key analysis of market drivers, trends, and influencing factors
• Key trends Analysis of Food Premix Market and changing consumer preferences in major industries.
• Changing Food Premix demand and consumption of diverse products
• Major trends underlining funding by key investors in numerous countries
• New investment opportunities in diverse technology and product or service types
• Comprehensive data and Competitive analysis of Food Premix major players
• Food Premix Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
• Food Premix demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth

Questionnaire answered in the Food Premix Market report include:

• How the market for Food Premix has grown?
• What is the present and future outlook of the global Food Premix on the basis of region?
• What are the challenges and opportunities for the Food Premix?
• Why the consumption of Food Premix highest in region?
• In which year segment is expected to overtake segment?

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What makes Fact.MR report stand out from others?

• MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Food Premix market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Food Premix market, thus, making it different and special from other reports.
• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Food Premix market and assists to create strategies to overcome the obstacles that may hinder the growth of the Food Premix market.
• Leverage: The Food Premix market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Food Premix market.

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Key Segments Covered in Food Premix Market Study

• Form Type

o Powdered Food Premix
o Liquid Food Premix

• Ingredient Type

o Vitamin Food Premix
o Mineral Food Premix
o Nucleotides Food Premix
o Amino Acids Food Premix
o Botanical Food Premix

• Function Type

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

• Application

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

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