Market Snapshot
| Study Period: | 2016 -2027 |
| Base Year: | 2021 |
| Fastest Growing Market: | Asia Pacific |
| Largest Market: | North America |
| CAGR: | 5.6 % |
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Market Overview
The global food premix market is projected to grow at a CAGR of 5.6% during the forecast period (2022 - 2027).
During the COVID pandemic, large-scale food fortification were done to ensure people are consuming enough nutrients for growth, development and proper health. It aim to support the availability of premix through hubs to stabilise supply and keep fortification programmes operational, ensure fortified foods reach the most vulnerable through social safety net programmes, while adjusting advocacy efforts to match the demands of the new COVID-19 context. The premix market also benefits from the sports nutrition sector, thanks to expanding consumer health awareness and a growing number of South Africans suffering from hypertension and type-2 diabetes. Obesity and micronutrient shortages are on the rise in the country, aiding the food premix business.
Consumer demand for convenience products, along with a stable composition that tastes good and with health benefits have influenced the growth of fortified/functional products. Customized micronutrients blend provides cost-effective solutions, while considering the premium quality raw ingredients is likely to drive the evolution of food premixes in the food and beverage industry
The rising exports of animal-based products from Asia-Pacific markets, and consequently the stringent import regulations of the developed markets have led to increased focus on high quality, safety, and tractability of premixes. Growing awareness among farmers about the advantages of feed ingredients is likely to drive the growth of feed premixes market. Feed premixes have been gaining popularity over time, owing to the accelerated demand for animal-based products.
Scope of the Report
There are number of food premixes availble for applicatiions in both human as well as nimal nutrition. The global food premix market is segmented into vitamins, minerals, amino acids, antibiotics, and others. By application, the market has been classified by food, feed, and pharmaceutical industry. Food segment has been further sub-segmented into dairy products, baked goods, dietary supplements, beverages and others. Also the market is studied for different potential markets in each region across the globe which includes North America, Europe, Asia-Pacific, South America, and Middle East& Africa. The report offers market size and forecasts in value (USD million) for all the above segments.
| By Ingredeints | |
| Vitamin | |
| Minerals | |
| Amino Acids | |
| Antibiotics | |
| Others |
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| Animal Nutrition | |||||||
| Pharmaceutical |
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Key Market Trends
Growing Demand For Fortified Food Products
Increasing consumer preference for fortified foods attributed to addition of essential ingredients such as amino acids, minerals, vitamins and nucleotides. Introduction of innovative and developed premix products from food manufacturing companies that are engaged in the production of modified blends of minerals and vitamin premixes used in wide variety of applications such as dietary supplements, clinical nutrition and infant nutrition products. Research conducted by the International Food Information Council Foundation on Food and Health revealed that 47% of the consumers prefer food with additional nutrients. Fortified foods are primarily used for balancing nutrient loss and filling nutritional gaps. Moreover, the manufacturers are coming up with own fortified premixes with additional nutrient features. Fortification of dairy and bakery products is likely to be one of the driving factor for the evolution of food premixes market across the globe.
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Asia-Pacific Emerges As Fastest Growing Region
The robust food fortification initiatives, coupled with rising exports of animal based food products have led to rise in the demand of various premixes in Asian countries like India, Australia, China and others. The exponential growth in compound feed production wherein the premixes acts as a key ingredient is also aiding the growth of Asian premix industry. The large poultry integrators are increasingly seeking high quality and stable premixes. In line with such market developments, companies like Cargill have set to expand their manufacturing and distribution bases in India. The rising middle class income, increasing number of double income families, and growing urbanization have led to increased meat consumption and consequently higher demands for feed premixes, since poultry is most preferred segment for the meat consumption in India. The rising cost of essential raw materials for livestock production, and competition for it from food and biofuel industry is forcing the farmers to use premix in the feed to increase productivity at cheaper costs.
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Competitive Landscape
The global food premix market is competitive, especially with the increase in the number of regional players, coupled with the changing consumer preferences for fortified food, beverages and feed. The prominent players in the global premix market includes Cargill Incorporated, Archer Daniel Midlands Company and DSM. For instance, Cargill Incorporated invested in new premix facility which offers innovative feed solutions that will expand its animal nutrition capabilities in North America. DSM recently acquired Dutch premix company named Twilmij in order to strengthen its animal and nutrition business. Some of the other key players in the global premix market are Associated British Foods, BASF, and Stern Vitamin, among others.
Recent Development
- In September 2021, Cargill Animal Nutrition announced its strategic partnership with Dutch family-owned animal nutrition group Fuite to build a state-of-the-art premix, concentrate and young animal nutrition production facility in Hasselt, the Netherlands.
- In January 2021, Cargill opened a new premix animal nutrition facility in Lewisburg. The facility produces non-medicated feed and supports Cargill and Provimi branded animal nutrition premixes and products, along with additives and specialty and custom blends.
- In December 2020, Prinova announced the launch of its plant-based premixes for dairy alternative products. This will allow the organization to fulfill the increasing demand for functional foods for its vegan consumer base.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Ingredeints
5.1.1 Vitamin
5.1.2 Minerals
5.1.3 Amino Acids
5.1.4 Antibiotics
5.1.5 Others
5.2 By Application
5.2.1 Food and Beverage
5.2.1.1 Dairy Products
5.2.1.2 Baked Products
5.2.1.3 Dietary Supplements
5.2.1.4 Beverages
5.2.1.5 Others
5.2.2 Animal Nutrition
5.2.3 Pharmaceutical
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 United Kingdom
5.3.2.3 Germany
5.3.2.4 France
5.3.2.5 Italy
5.3.2.6 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 South Africa
5.3.5.2 United Arab Emirates
5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Koninklijke DSM N.V.
6.4.2 Cargill Incorporated
6.4.3 Archer Daniel Midlands Company
6.4.4 BASF SE
6.4.5 Corbion N.V
6.4.6 Glanbia PLC
6.4.7 Associated British Foods plc (AB Agri Ltd)
6.4.8 Watson Inc
6.4.9 Jubilant Life Sciences
6.4.10 Sternvitamin GmbH & Co. KG
*List Not Exhaustive7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
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Frequently Asked Questions
What is the study period of this market?
The Food Premix Market market is studied from 2016 - 2027.
What is the growth rate of Food Premix Market?
The Food Premix Market is growing at a CAGR of 5.6% over the next 5 years.
What is Food Premix Market size in 2016?
The Food Premix Market is valued at 2 Billion USD in 2016.
Which region has highest growth rate in Food Premix Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Food Premix Market?
North America holds highest share in 2021.
Who are the key players in Food Premix Market?
Koninklijke DSM N.V., Cargill Incorporated, Archer Daniel Midlands Company, BASF SE, Corbion N.V. are the major companies operating in Food Premix Market.
