In this report, Future Market Insights (FMI) delivers key insights on the global food premix market in its recently published report, titled “Global Food Premix Market: Industry Analysis and Opportunity Assessment, 2017–2027.” In terms of revenue, the global food premix market is estimated to expand at a CAGR of 5.4% over the forecast period, owing to numerous factors, about which FMI offers thorough insights and forecasts in this report.
The increasing demand for food fortification backed by growing demand for fortified custom premixes across the regions by various manufacturers, are expected to be the key factors driving market growth for food premixes. The demand for food fortification has increased significantly in the recent past due to the high rate of micronutrient deficiency disorders among the global population, and the lack of micronutrients in food could lead to severe forms of malnutrition. Thus, foods such as wheat, maize, flour, sugar, and vegetable oils are fortified with vitamins and minerals to ensure better health of the consumers.
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Powdered Food Premix to Stay in Demand Against Liquid Form
Although liquid form of food premix has long been the product of choice, it comes as concentrates and still requires some degree of preparation. Therefore, it lacks a strong competitive advantage over powdered food premix on the grounds of convenience.
As a variety of powdered products and those targeted for consumers with specific special dietary needs are on the rise, manufacturers are specifically focused on this category.
Vitamins as a food premix continue to account relatively high revenue share. With a wealth of information than before, modern-day consumers are increasingly relying on different channels to self-diagnose and target specific health needs. This has been compelling manufacturers to add newer specialty food ingredients to their products that can be used for health promotion in various applications.
Competitive Landscape
Some of the key players in the global food premix market include, Glanbia plc, Archer Daniels Midland Company, Koninklijke DSM N.V., BASF SE, Jubilant Life Sciences, Fenchem Biotek Ltd., Prinova Group LLC, Watson Inc., Barentz International B.V., LycoRed Limited, SternVitamin GmbH & Co. KG, Farbest Brands and Hexagon Nutrition Pvt. Ltd., and others. The report discusses individual strategies of companies adopted for enhancing their product portfolio, creating new marketing techniques, product offerings, mergers, and acquisitions. The ‘competitive landscape’ is included to provide report audiences with a dashboard view and company share collectively.
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Key Segments Covered
By Form
- Powder
- Liquid
By Ingredient Type
- Vitamins
- Minerals
- Amino Acids
- Nucleotides
- Others (botanicals)
By Application Type
- Early Life Nutrition/ Baby Food
- Food & Beverages
- Medical Nutrition
- Sports Nutrition
- Fortified Dairy & Beverages
- Bakery Products
- Pharma OTC Drugs
- Dietary Supplements
- Nutritional Improvement Programmes
By Function Type
- Bone Health
- Immunity
- Digestion
- Vision Health
- Energy
- Weight Management
- Heart Health
- Brain Health & Memory
- Others
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Table Of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
2.3. Analyst Credentials
2.4. About FMI
3. Food Premix Market Background
3.1. Macro-Economic Factors
3.2. Macro-Economic Indicators
3.3. Global Food & Beverage Industry Overview
3.4. Market Dynamics
4. Global Food Premix Market Analysis 2012–2016 and Forecast 2017–2027
4.1. Market Volume Projections
4.2. Market Value Projections
5. Global Food Premix Market Analysis and Forecast, By Region
6. Global Food Premix Market Analysis 2012–2016 and Forecast 2017–2027, by Form