New York, NY, June 14, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Food Premix Market by Product Type (Vitamins, Minerals, Amino Acids, Nutraceutical, and Others), by Form (Powder and Liquid), and by Application (Food & Beverages, Dietary Supplements, Pharma OTC Drugs, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global food premix market was approximately USD 1.15 billion in 2018 and is expected to generate around USD 1.66 billion by 2025, at a CAGR of around 5.2% between 2019 and 2025.
Rising health and wellness awareness levels among consumers, growing demand for fortified food products, and the ease in food premix use as a single ingredient over various other ingredients are predicted to drive the global food premix market in the future. Furthermore, the rapidly growing middle-class population base in developing countries is generating a high demand for nutritious food, which is expected to create further growth opportunities for the food premix manufacturers. However, the intervention of regulatory structure and technical issues during the handling and storage of food premixes may hamper this market. Moreover, the rising demand for food fortification and increasing global need for fortified custom premixes are expected to further drive the food premix market growth in the upcoming years. The use of nutrient premixes by manufacturers of infant nutrition products incessantly is predicted to positively impact this market in the future.
Browse through 54 Tables & 27 Figures spread over 110 Pages and in-depth TOC on “Global Food Premix Market Size 2018: By Type, Industry Share, Segments, Trends, Analysis and Forecast to 2025”.
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Based on product type, the food premix market includes vitamins, minerals, amino acids, nutraceutical, and others. The vitamins segment held a substantial share in 2018, due to the frequent innovations in the development of customized premixes by the manufacturers.
The form segment of the market is bifurcated into powder and liquid. The liquid segment is predicted to register the highest CAGR over the forecast timeline, owing to the increasing demand for liquid premixes by various beverage manufacturers, as they enhance product’s viscosity, stability taste, texture, and shelf life.
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By application, the market includes dietary supplements, food and beverages, pharma OTC drugs, and others. The food and beverage segment is further divided into bakery products, sports nutrition, fortified dairy and beverages, and medical nutrition. Dietary supplements held a significant market share in 2018, due to the increasing use of food premix in food and dietary supplements.
North America dominated the global food premix market in 2018 and is predicted to continue with its supremacy over the forecast time period as well. The regional growth is attributed to the rising concerns related to a healthy lifestyle, technological developments in food processing techniques, increasing R&D activities, and easy availability of food premix for dietary supplements.
Browse the full “Food Premix Market by Product Type (Vitamins, Minerals, Amino Acids, Nutraceutical, and Others), by Form (Powder and Liquid), and by Application (Food & Beverages, Dietary Supplements, Pharma OTC Drugs, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/food-premix-market
Europe held a considerable market share of the global food premix market in 2018, due to the rising number of health-conscious population base coupled with a high prevalence of chronic diseases that is increasing demand for nutritious food items. Moreover, the rising consumer preferences for innovative and healthy food products in Europe is also expected to drive the food premix market over the forecast time period.
The Asia Pacific food premix market is predicted to register the highest CAGR over the forecast timeline, owing to the rapidly growing food and beverages industry, increasing technological advancements in the food processing industry, growing regional need for food premixes, and rising awareness regarding healthy lifestyle. This regional growth will mostly be observed in China, Japan, and India, owing to the rising number of government initiatives to increase food premixes’ productivity.
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The Latin American food premix market is likely to grow notably over the forecast time period, owing to the rising demand for food premixes and growing investments by government organizations and private companies in the food industry.
The Middle Eastern and African food premix market is expected to experience significant growth in the future, owing to the rising health-conscious consumers and the increasing demand for food premix.
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Some key industry participants of the global food premix market include Farbest Brands, BASF, Barentz International, Archer Daniels Midland, Jubilant Life Sciences, LycoRed Limited, Glanbia, Fenchem Biotek, Koninklijke DSM, Prinova Group, Hexagon Nutrition, Watson, and SternVitamin GmbH.
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This report segments the global food premix market into:
Global Food Premix Market: Product Type Analysis
- Vitamins
- Minerals
- Amino Acids
- Nutraceutical
- Others
Global Food Premix Market: Form Analysis
- Powder
- Liquid
Global Food Premix Market: Application Analysis
- Food and Beverages
- Medical Nutrition
- Sports Nutrition
- Fortified Dairy and Beverages
- Bakery Products
- Dietary Supplements
- Pharma OTC Drugs
- Others
Global Food Premix Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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