DUBAI, UAE. 13th September
2019: Food Premix Market is anticipated
to witness an exponential growth in the forecast period. Food premix implies a
substance that is mixed during the initial phase of the manufacturing and
distribution procedure. Factors such as growing demand for food fortification,
rising demand for fortified custom premixes across numerous regions,
utilization of nutrient premixes by infant nutrition manufactures continuously
on the rise, developing economies, mainly Latin America, Southeast Asia, and
Africa are driving the food premix market.
In addition, growing wellness and demand for food premixes
from pharmaceutical industries, beverage & food and health trend, and
changing food landscape are likely to drive the market in forthcoming period.
On the other hand, intervention and regulatory structure and mechanical
problems during handling and storage procedures and accepting conventional
nutrient systems by global food manufacturers are anticipated to hamper market
growth in the forecast period.
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However, rising consumers’ awareness concerning the benefits
of consuming fortified food products is likely to create lucrative
opportunities for the market. Food premix market is anticipated to expand at a
significant CAGR in the upcoming period as the scope, product types, and its
applications are increasing across the globe. Market could be explored by
ingredients, function, form, application and geography.
Food premix market could be explored by ingredients as
Botanicals, Nucleotides, Vitamins, Minerals and Amino Acids. The “Vitamins”
segment accounted for a prominent share in the market owing to increasing
health concern among consumers and increasing demand. Based on function, the
market could span Immunity, Bone Health, Energy, Digestion, Weight Management,
Heart Health, Brain Health & Memory, Vision Health and Others. The “Weight
Management” segment accounted for a prominent share in the market.
The market could be explored based on form as Powder Premix
and Liquid Premix. The “Powered form” segment accounted for a prominent share
in the market. The key applications that could be explored in the market
include Food & Beverages, Early Life Nutrition/Baby Food, Pharma OTC,
Dietary Supplement and Nutritional Improvement Program. The “Food &
Beverages” segment accounted for a prominent share in the market. It is likely
to emerge highly lucrative in forecast period.
Asia-Pacific is a leading region in the food premix
industry. It is likely to maintain its dominance in the forecast period owing
to factors, such as increasing disposable income, growing population, growing
food and beverages industry, improving healthy lifestyle, and growing demand
for fortified food products in developing and developed Asian countries.
Asia-Pacific is followed by North American region due to rising focus on food
safety, increasing occurrence of chronic diseases, rising consumer expectations
for innovation and healthy food products, strong economic growth, and
occurrence of some foremost players.
Key players operating in the food premix market include
Archer Daniels Midland Company, Glanbia plc, BASF SE, Koninklijke DSM N.V.,
Fenchem Biotek Ltd., Jubilant Life Sciences, Prinova Group LLC, Barentz
International B.V., Watson Inc., Stern Vitamin GmbH & Co. KG, LycoRed
Limited, Hexagon Nutrition Pvt. Ltd. and Far best Brands. The leading companies
are taking up partnerships, mergers and acquisitions, and joint ventures in
order to boost the inorganic growth of the industry.
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On the basis of
product, this report displays the production, revenue, price, market share and
growth rate of each type, primarily split into
• Powder
• Liquid
On the basis on the
end users/applications, this report focuses on the status and outlook for major
applications/end users, consumption (sales), market share and growth rate of
Food Premix for each application, including
• Food & Beverages
• Pharmaceutical
• Others
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