Meticulous Research®—a leading global market research company, published a research report titled, ‘Nutritional Premixes Market by Type (Combined Premixes, Vitamin Premixes, Mineral Premixes, Amino Acid Premixes, Nucleotide Premixes, Nutraceutical Premixes), Form (Powder, Liquid), Application (Animal Feed, Health Supplements, Food and Beverages)—Global Forecast to 2030.’
According to this latest publication from Meticulous Research®, the nutritional premixes market is expected to reach $16.76 billion by 2030, at a CAGR of 4.7% from 2023 to 2030. The growth of this market is driven by growing health & wellness trend, changing food landscape, increasing demand for fortified food products, convenience in usage offered by nutritional premixes as a single ingredient over multiple ingredients, and increasing demand for compound animal feed.
In addition, the growing demand for nutrition from the expanding middle-class population in emerging economies and the rising demand for nutritional premixes from developing countries for feed applications are expected to offer significant growth opportunities for manufacturers in the nutritional premixes market. However, regulatory structure & intervention and technical problems during storage and handling restrain the market’s growth.
The nutritional premixes market is segmented based on type, form, application, and geography. The study also evaluates industry competitors and analyses the market at the regional and country levels.
Based on type, the nutritional premixes market is segmented into combined nutritional premixes, vitamin premixes, mineral premixes, amino acid premixes, nucleotide premixes, fiber premixes, nutraceutical premixes, and other nutritional premixes. In 2023, the combined premixes segment is expected to account for the largest share of the nutritional premixes market. The large market share of this segment is attributed to consumers’ increasing preference for blends of different functional ingredients, multiple nutritional benefits offered by custom premix blends to humans & animals, and increasing demand for fortified feed and food products. The combined premixes segment is also projected to register the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing demand from the infant nutrition and nutraceutical industries.
Based on form, the nutritional premixes market is segmented into powder and liquid. In 2023, the powder segment is expected to account for the largest share of the nutritional premixes market. The large market share of this segment is attributed to the advantages of powdered nutritional premixes over liquid nutritional premixes, such as better homogeneity, ease of handling & transport, and better stability. However, the liquid segment is expected to register the highest CAGR during the forecast period due to the increasing demand for liquid nutritional premixes from beverage manufacturers.
Based on application, the nutritional premixes market is segmented into animal feed, nutrition and health supplements, food & beverages, pharmaceuticals, and other applications. In 2023, the animal feed segment is expected to account for the largest share of the nutritional premixes market. The high demand for nutritional premixes in the animal feed industry is attributed to the growing livestock industry due to increasing meat consumption, the ban on the use of antibiotic growth promoters in animal feed, and the rising awareness about animal welfare. However, the food & beverages segment is expected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the large number of functional benefits offered by nutritional premixes and the rising demand for fortified food & beverages. Nutritional premixes are increasingly used to enhance flavor & texture, boost nutrient content, improve appearance, and add nutritional stability to finished products.
Based on geography, in 2023, Asia-Pacific is expected to account for the largest share of the nutritional premixes market. Asia-Pacific’s major market share is attributed to the growing compound animal feed industry, rapid economic growth in the region, increasing demand for fortified food products in emerging and developing countries such as India, China, Indonesia, and Thailand, and rising investments from major players in the region. This regional market is also slated to register the fastest growth rate during the forecast period.
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The key players operating in the nutritional premixes market are Koninklijke DSM N.V. (Netherlands), Glanbia Plc (Ireland), BASF SE (Germany), Corbion N.V. (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. (Netherlands), Hellay Australia Pty. Ltd. (Australia), Nutreco N.V. (Netherlands), InVivo Agrosciences (France), Farbest-Tallman Foods Corporation (U.S.), Jubilant Life Sciences Ltd. (India), and Koninklijke Coöperatie Agrifirm U.A. (Netherlands).
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