10 December 2019 - Global 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.
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.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Food Premix in these regions, from 2012 to 2023
(forecast), covering
•
North America (United States, Canada and Mexico)
•
Europe (Germany, France, UK, Russia and Italy)
•
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
•
South America (Brazil, Argentina, Columbia)
•
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Food Premix market competition by
top manufacturers, with production, price, revenue (value) and market share for
each manufacturer; the top players including
•
Glanbia
•
Archer Daniels Midland
•
Koninklijke DSM
•
B&H Biotechnology
•
Jubilant Life Sciences
•
Farbest Brands
•
Fenchem
•
Prinova Group
•
Watson Inc
•
Barentz
•
Lycored
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