Nutritional Premixes Market Worth 12,397.8 Million USD By 2023

Meticulous Research™ – leading global market research company published a research report titled “Nutritional Premixes Market – Global Opportunity Analysis and Industry Forecast (2018-2023)”.

According to this latest publication from Meticulous Research™, the global nutritional premixes market will grow at a CAGR of 4.0% from 2018 to 2023 to reach USD 12,397.8 million by 2023, driven by growing health and wellness trend, changing food landscape, increasing demand for fortified food products, convenience in usage as a single ingredient over multiple ingredients, and increasing demand for compound animal feed. In addition, expanding middle-class population in emerging economies with growing awareness of nutrition and emergence of developing countries as strong consumers for the feed applications provides a significant opportunity for the manufacturers of nutritional premixes globally.

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The global nutritional premixes market is mainly segmented by type (vitamin premixes, mineral premixes, amino acid premixes, nucleotide premixes, fiber premixes, nutraceutical premixes, and others), form (powder and liquid), application (animal feed, nutrition and health supplements, food and beverages, pharmaceuticals, and others), and geography.

On the basis of type, vitamin premixes commanded the largest share of the global nutritional premixes market in 2017 and are expected to dominate the global nutritional premixes market during the forecast period. The large market share of this segment is attributed to increasing consumer preferences for blends of different functional ingredients, multiple nutritional benefits of vitamins to humans and animals, growing consumption of vitamin supplements due to rising number of vitamin deficiency cases, and increasing demand for vitamin fortified feed and food products. However, nucleotide premixes market is expected to witness a rapid growth among all types during the forecast period, primarily due to the increasing demand from infant nutrition and nutraceutical sectors.

On the basis of form, powdered nutritional premixes commanded the largest share of the global nutritional premixes market in 2017 and are expected to dominate the market during the forecast period. The large share of this segment is mainly due to its advantages over a liquid form such as better homogeneity, ease of handling, simple transport economics, and better stability of premixes. However, the liquid form is expected to witness a rapid growth during the forecast period, due to its increasing demand from beverages manufactures.

On the basis of application, animal feed segment accounted for the largest share of the global nutritional premixes market in 2017, primarily due to growing livestock industry with the increasing meat consumption, ban on antibiotics, and increasing importance for animal health and wellness. However, food and beverages segment is expected to witness a rapid growth during the forecast period, mainly attributed to the large number of functional benefits offered by nutritional premixes to food and rising demand of fortified food and beverages products. It is being increasingly used to enhance flavour & texture, boost nutrient content, improve appearance, and add nutritional stability to finished products.

Geographically, the global nutritional premixes market is segmented into North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa. Asia-Pacific commanded the largest share of the global nutritional premixes market in 2017, followed by North America, and Europe. The largest share of this region is due to growing compound animal feed industry, growing economy, increasing demand of fortified food products, and rising investments from major players in the region.

The key players operating in the global nutritional premixes 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.), Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), SternVitamin GmbH & Co. KG (Germany), Vitablend Nederland B.V. (The Netherlands), Hellay Australia Pty. Ltd. (Australia), Nutreco N.V. (The Netherlands), InVivo Agrosciences (France), Farbest-Tallman Foods Corporation (U.S.), Jubilant Life Sciences Ltd. (India), and Koninklijke Coöperatie Agrifirm U.A. (The Netherlands).

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