Redding, Calif., March 20, 2023 (GLOBE NEWSWIRE) — According to a new market research report The market for nutritional premixes By type (combined premixes, vitamin premixes, mineral premixes, amino acid mixes, nucleotide premixes, nutrient premixes), by form (powder, liquid), by purpose of use (animal feed, nutritional supplements, food and beverages) – Global forecast until 2030, the nutritional premix market is expected to reach USD 16.76 billion by 2030, with a CAGR of 4.7% during 2023-2030.
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A nutrient mix is a customized mixture where each nutrient component is pre-scaled and precisely mixed into a pre-mix for use in food and beverage, animal feed, health care and personal hygiene to improve the nutritional value of the products. The growth of this market is due to the emerging health and wellness trend, changing food landscape, increasing demand for fortified foods, convenience of using nutritional premixes as one ingredient over multiple ingredients, and growing demand for animal feed mixes. The demand for nutritional premixes has grown especially rapidly in developing economies, as industrial growth has led to rapid urbanization, a huge population base, and higher per capita incomes.
The nutritional premix market is segmented on the basis of type, form, application, and geography. The research also evaluates industry competitors and analyzes the market by country.
Key findings in the nutritional premix market research:
On the basis of type, the nutritional premixes market is segmented into combined nutritional premixes, vitamin premixes, mineral premixes, amino acid mixes, nucleotide mixes, fiber premixes, nutritional premixes, and other nutritional premixes. In 2023, the combined premix segment is expected to account for the largest share of the nutritional premix market. The high market share of this segment is due to the increasing consumer preference for blends of different functional ingredients, which provide nutritional benefits for humans and animals, and the demand for customized premixes and fortified feeds and foods. The combined premix segment is also projected to register the highest CAGR during the forecast period.
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Based on form, the market for nutritional premixes is segmented into powders and liquids. In 2023, the powder segment is expected to account for the largest share of the nutritional premix market. However, the liquid segment is expected to register the highest CAGR during the forecast period due to increasing demand for liquid nutritional mixes from beverage manufacturers.
On the basis of application, the nutritional premix market is mainly segmented into feed, nutritional supplements, nutritional supplements, food and beverage, pharmaceutical, and other applications. In 2023, the feed segment is expected to account for the largest share of the nutritional premixes market. The high demand for premixes in the feed industry is due to growing livestock, which is due to increasing meat consumption, the prohibition of the use of antibiotic growth promoters in feed, and increased awareness of animal welfare. However, the food & beverage 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 growing demand for fortified foods and beverages. Nutritional premixes are increasingly used to improve taste and texture, increase nutritional content, improve appearance and increase nutritional stability of finished products.
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Geographically, Asia Pacific is expected to account for the largest share of the nutritional premixes market in 2023. The large market share of the Asia Pacific region is attributed to the growing compound feed industry, rapid economic growth in the region, increasing demand for fortified foods in emerging and developing countries such as India, China, Indonesia, and Thailand, as well as the growth of large investments. players in the region. These regional markets also have the fastest growth during the forecast period.
Some of the key players in the nutritional premix market are Koninklijke DSM NV (Netherlands), Glanbia Plc (Ireland), BASF SE (Germany), Corbion NV (Netherlands), Watson Foods Co., Inc. (US), Archer Daniels Midland Company (US), Cargill, Incorporated (USA), SternVitamin GmbH & Co. KG (Germany), Vitalend Nederland BV (Netherlands), Hellay Australia Pty. Ltd. (Australia), Nutreco NV (Netherlands), InVivo Agrosciences (France), Farbest-Tallman Foods Corporation (USA), Jubilant Life Sciences Ltd. (India) and Koninklijke Coperatie Agrifirm UA (Netherlands).
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Scope of the report:
Nutritional Premixes Market by Type
- Combined nutritional premixes
- Premixes of vitamins
- Mineral premixes
- Amino acid premixes
- Premixes of nucleotides
- Fiber premixes
- Nutritional premixes
- Other nutritional premixes
Market for nutritional premixes, by form
Nutritional Premixes Market, by Application
- Animal feed
- Poultry feed
- Feed for ruminants
- Pig feed
- Aqua Feed
- Other animal feed
- Dietary supplements and health supplements
- Dietary supplements
- Baby nutrition
- Sports nutrition
- Clinical nutrition
- Food and drinks
- Drinks
- Milk and milk products
- Bakery and sweets
- Cereals and snacks
- Other food and drinks
- Pharmaceutical products
- Other applications
Nutritional Premixes Market, by Geography
- North America
- in Europe
- Germany
- France
- Great Britain
- Italy
- Spain
- Rest of Europe
- Asia Pacific Region
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Other Latin America
- Middle East and Africa
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