Meticulous Research®—a leading global market research company, published a research report titled ‘Nutritional Premixes Market by Type (Combined Nutritional Premixes, Vitamin Premixes); by Form (Powder, Liquid); by Application (Animal Feed [Poultry Feed, Aqua Feed], Food & Beverages [Beverages, Dairy Products]); and by Geography - Global Forecasts to 2030.’
According to this latest publication from Meticulous Research®, in terms of value, the nutritional premixes market is projected to reach $16.8 billion by 2030, at a CAGR of 4.7% from 2023–2030. In terms of volume, the nutritional premixes market is projected to reach 3,806,106.0 tons by 2030, at a CAGR of 1.4% from 2023–2030. The growth of the nutritional premixes market is driven by the growing health & wellness trends, the changing food landscape, the increasing demand for fortified food products, the convenience of nutritional premixes, and the rising demand for compound animal feed. However, regulatory structure and intervention and technical problems faced during the storage and handling of nutritional premixes restrain the growth of this market. Additionally, the growing demand for nutrition from the expanding middle-class populations in emerging economies is expected to create growth opportunities for the players operating in the nutritional premixes market.
The key players operating in the global nutritional premixes market are Koninklijke DSM N.V. (Netherlands), Glanbia Plc (Ireland), BASF SE (Germany), Corbion N.V. (Netherlands), 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), Farbest-Tallman Foods Corporation (U.S.), Jubilant Ingrevia Limited (India), and Cooperative Royal Agrifirm U.A. (Netherlands).
The global nutritional premixes market is segmented by type, form, application, and geography.
Based on type, the global nutritional premixes market is segmented into combined nutritional premixes, vitamin premixes, mineral premixes, amino acid premixes, nucleotide premixes, fiber premixes, and other nutritional premixes. In 2023, the combined nutritional premixes segment is expected to account for the largest share of the global nutritional premixes market. The segment’s large share is attributed to consumers’ increasing preference for blends of different functional ingredients, multiple nutritional benefits offered by custom premix blends for humans & animals, and the increasing demand for fortified feed and food products. Moreover, the combined nutritional premixes segment is also expected to register the highest CAGR during the forecast period of 2023–2030.
Based on form, the global nutritional premixes market is segmented into powder form and liquid form. The liquid segment is expected to register a higher CAGR during the forecast period. The growth of the liquid nutritional premixes segment is driven by factors such as increased application areas, constant and specification-oriented quality, no investment in equipment for dissolving, filtering, and pasteurization, shorter lead times, and increased product shelf life, homogeneous blends with virtually no segregation, and high microbiological stability.
Based on application, the global nutritional premixes market is segmented into animal feed, nutrition & health supplements, food & beverages, and other applications. In 2023, the animal feed segment is expected to account for the largest share of the global nutritional premixes market. The segment’s large market share is mainly attributed to the rapidly growing livestock industry, the increasing adoption of nutritional premixes due to the ban on the use of antibiotic growth promoters in animal feed, increasing global meat consumption, and rising awareness regarding animal welfare. However, the food & beverages segment is expected to register the highest CAGR during the forecast period of 2023–2030.
Based on geography, the global nutritional premixes market is segmented into five major regions, namely North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global nutritional premixes market. Asia-Pacific’s major market share is attributed to the region’s growing compound animal feed industry, increasing demand for fortified food products, rising investments from major players, and growing health & wellness trends. Moreover, rapid urbanization and economic growth in countries including China, Japan, and India are further expected to support the growth of this market during the forecast period.
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