Nutritional Premixes Market (2024-2031)
The Nutritional Premixes Market is expected to reach $17.75 billion by 2031, at a CAGR of 5% from 2024 to 2031.
- Published
- Jul 2024
- Pages
- 260
- Format
- PDF + Excel
- Report ID
- MRFB - 10452
- Base year
- 2023
- 2031 · FORECAST
- $17.75B
- 2031
- $17.75B
- CAGR 2024–2031
- 5%
2023 baseline · 2024–2031 forecast at 5% CAGR · hover a bar for the value
Key highlights
By Type: The Combined Nutritional Premixes Segment to Dominate the Nutritional Premixes Market in 2024
By Form: The Powder Segment to Dominate the Nutritional Premixes Market in 2024
By Application: The Animal Feed Segment to Dominate the Nutritional Premixes Market in 2024
Report summary
| Particulars | Details |
|---|---|
| Number of Pages | 260 |
| Format | |
| Forecast Period | 2024–2031 |
| Base Year | 2023 |
| CAGR (Value) | 5% |
| Market Size (Value) | $17.75 Billion by 2031 |
| Segments Covered | By Type · Combined Nutritional Premixes · Vitamin Premixes · Mineral Premixes · Amino Acid Premixes · Nucleotide Premixes · Fiber Premixes · Other Nutritional Premixes · By Form · Powder Form · Liquid Form · By Application · Animal Feed · Poultry Feed · Ruminant Feed · Swine Feed · Aqua Feed · Other Animal Feeds · Food & Beverages · Beverages · Dairy Products · Bakery & Confectionary · Cereals & Snacks · Infant Foods · Other Food & Beverage Products · Nutrition & Health Supplements · Other Applications |
| Countries Covered | North America (U.S. and Canada), Europe (Spain, Germany, Russia, U.K., France, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa |
| Key Companies Profiled | 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) |
Report overview
Segments covered: type, form, application. Regions: North America, Europe, Asia-Pacific, Latin America.
The growth of the nutritional premixes market is driven by 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 & intervention and technical problems faced during the storage and handling of nutritional premixes restrain the market’s growth.
Furthermore, the growing demand for nutrition from the expanding middle-class populations in emerging economies is expected to generate growth opportunities for the stakeholders in this market.
Report infographic
Market dynamics
3 factors across 2 forcesGrowing Health & Wellness Trends
In recent years, wellness has become a global movement, as consumers are keen on living healthy lives for as long as possible—particularly as average lifespans continue to increase. Over the last decade, there have been drastic changes in diets and lifestyles due to industrialization, urbanization, economic development, and globalization, significantly impacting the health and nutritional status of populations, especially in developing countries.
Living standards have improved, and food availability has expanded and diversified. Consumers’ access to services has increased, with negative consequences such as inappropriate dietary patterns, decreased physical activity, and a corresponding increase in diet-related chronic diseases, especially among low-income groups. These factors have increased consumers’ preference for healthy diets and the demand for innovative health & wellness products and services. According to the Global Wellness Institute, the global wellness industry is projected to reach $6,992.0 billion in 2025 from $4,909.9 billion in 2019 at an annual growth rate of 9.9%, making it one of the world’s fastest-growing industries. Four major macroenvironmental trends contribute to consumers’ increased focus on health and wellness—growth in the global aging population, the rising incidence of chronic diseases, consumers’ increased focus on self-care and the treatment & prevention of diseases, and increasingly educated & connected consumers. Moreover, the healthy eating, nutrition, and weight loss market is projected to register an average annual growth rate of 5.1% from 2020–2025.
Thus, growing health & wellness trends are increasing the adoption of nutritional premixes, driving the growth of this market.
Changing Food Landscape
Food habits and preferences have changed drastically over the last decade. Changing demographics, health concerns, the increasing population of working women, growing disposable incomes, and food customization have driven numerous changes in the food industry. Also, factors such as increasing competition, new opportunities, and the expanding global market have accelerated the development of nutritional and healthy food products. Innovation in processing has increased consumers’ expectations in terms of food quality and drawn their attention to the nutritional components of food products. This has also increased the demand for food & beverage products, dietary supplements, and pharmaceuticals made from natural ingredients.
Furthermore, dietary patterns are changing from basic staples to more diversified diets. Globally, these changes have led to considerable health consequences. Also, increasing global food consumption levels, growing incomes, and the increasing sophistication of consumers demanding food products with lifestyle benefits and innovative solutions for different life stages are driving the development of nutritious products, supporting the growth of the nutritional premixes market. The nutrition industry has evolved dramatically from the marketing shift from athletes to general consumers. Consumers’ rising inclination toward fitness has helped the sports & performance drinks industry flourish. Functional sports and performance drinks are designed to help athletes and active individuals improve their physical performance and recovery. These drinks typically contain ingredients such as vitamins, minerals, carbohydrates, electrolytes, and amino acids, which help replenish the body's energy reserves and support muscle recovery. Thus, the increased development of nutritious food & beverage products and changing dietary patterns are driving the growth of the nutritional premixes market.
Table of contents
11 chapters · 112 sections · 260 pages · click to expandSegmental analysis
| Segment | Largest share (2024) | Fastest growth (2024–2031) |
|---|---|---|
| By Type | Combined Nutritional Premixes | Combined nutritional premixes |
| By Form | Powder | — |
| By Application | Animal Feed | Food & beverages |
By Type
- The combined nutritional premixes segment is expected to account for the largest share of 29.0% of the nutritional premixes market.
- The large market share of this segment can be attributed to consumers’ increasing preference for blends of different functional ingredients, the multiple nutritional benefits offered by custom premix blends for humans & animals, and the increasing demand for fortified feed & food products.
- Moreover, the combined nutritional premixes segment is also expected to register the highest CAGR during the forecast period 2024–2031.
By Form
- The Powder Segment to Dominate the Nutritional Premixes Market in 2024
- The powder segment is expected to account for the larger share of 85.9% of the nutritional premixes market.
- The large market share of this segment can be attributed to the benefits of nutritional premixes in powder form, such as better homogeneity, ease of handling & transportation, and lower costs compared to nutritional premixes in liquid form.
- However, the liquid segment is projected to record the higher CAGR during the forecast period 2024–2031.
- The growth of this segment is driven by liquid nutritional premixes’ increasing applications and benefits such as consistent and specification-oriented quality, no investment requirements for dissolving, filtering, and pasteurization equipment, shorter lead times, increased product shelf life, homogeneous blends with virtually no segregation, and high microbiological stability.
By Application
- The Animal Feed Segment to Dominate the Nutritional Premixes Market in 2024
- The animal feed segment is expected to account for the largest share of 85.3% of the nutritional premixes market.
- The large market share of this segment can be 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, the increasing global meat consumption, and rising awareness regarding animal welfare.
- However, the food & beverages segment is expected to register the highest CAGR of 6.9% during the forecast period 2024–2031.
- The rapid growth of this segment is driven by the multitude of functional benefits offered by nutritional premixes, the rising demand for fortified food & beverage products, the increasing adoption of healthy & nutritious diets, and increased investments and expansions in the functional foods & beverages industry.
Geographic analysis
Asia-Pacific
Largest shareIn 2024, Asia-Pacific is expected to account for the largest share of 35.4% of the nutritional premixes market, followed by North America and Europe. The nutritional premixes market in Asia-Pacific is expected to reach $4.46 billion in 2024. 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 such as China, Japan, and India are further expected to support the growth of this market during the forecast period. Asia-Pacific to Dominate the Nutritional Premixes Market in 2024
Competitive landscape
- March 2023
BASF partnered with Provimi, an animal nutrition brand of Cargill, Incorporated (U.S.), to distribute feed enzymes in South Korea and support animal well-being and farmer sustainability.
- November 2022
Nutreco N.V. acquired Mosegården (Denmark), a supplier of minerals and animal health products, to strengthen its Trouw Nutrition brand in Denmark.
- May 2022
ADM acquired a feed mill unit of South Sunrays Milling Corporation (U.S.) in South Cotabato to meet the demand for innovative and high-quality products in Asia’s animal nutrition market.
- 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
- Cooperative Royal Agrifirm U.A · Netherlands
Frequently asked questions
This report focuses on market analysis and opportunity assessment based on the sales of nutritional premixes across various countries, regions, and market segments. The report also includes a competitive analysis based on leading market players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3 to 4 years.
The nutritional premixes market study provides valuable insights, market sizes, and forecasts in terms of value and volume by type and geography. Moreover, the study provides insights, market sizes, and forecasts in terms of value based on form and application.
Cite this report
Meticulous Research. (2024). Nutritional Premixes Market - Global Opportunity Analysis and Industry Forecast (2024-2031) (Report No. MRFB - 10452). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/nutritional-premixes-market-3864