Market Size of Food Premix Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Food Premix Market Analysis
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 was done to ensure people consumed enough nutrients for growth, development, and proper health. It aims 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 programs, and adjust 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 rising in the country, aiding the food premix business.
Consumer demand for convenience products and 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 are 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 the stringent import regulations of the developed markets have led to an increased focus on premixes' high quality, safety, and tractability. Growing awareness among farmers about the advantages of feed ingredients is likely to drive the growth of the feed premixes market. Feed premixes have been gaining popularity over time, owing to the accelerated demand for animal-based products.
Food Premix Industry Segmentation
There are several food premixes available for applications in human and animal nutrition. The global food premix market is segmented into vitamins, minerals, amino acids, antibiotics, and others. The market has been classified into food, feed, and pharmaceutical industries. The food segment has been further sub-segmented into dairy products, baked goods, dietary supplements, beverages, etc. Also, the market is studied for different potential markets in each region across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East& Africa. The report offers market size and forecast value (USD million) for all the above segments.
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| Vitamin | |
| Minerals | |
| Amino Acids | |
| Antibiotics | |
| Others |
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Food Premix Market Size Summary
The global food premix market is experiencing significant growth, driven by increasing consumer demand for fortified and functional foods. This demand is fueled by a heightened awareness of health and nutrition, particularly in regions like South Africa, where issues such as obesity and micronutrient deficiencies are prevalent. The market benefits from the sports nutrition sector and the need for large-scale food fortification, which was emphasized during the COVID-19 pandemic. The convenience and health benefits of fortified products, along with customized micronutrient blends, are key factors propelling the market forward. Additionally, the rising exports of animal-based products from the Asia-Pacific region and the stringent quality and safety standards in developed markets are encouraging the use of high-quality premixes in feed and food applications.
The food premix industry is also witnessing robust growth due to the increasing preference for fortified foods, which are enriched with essential nutrients like vitamins, minerals, and amino acids. This trend is supported by research indicating a strong consumer preference for foods with added nutrients. The market is further bolstered by the expanding use of premixes in dietary supplements, clinical nutrition, and infant nutrition products. In Asia, the demand for premixes is driven by the growth in compound feed production and the rising consumption of animal-based products, particularly poultry. The competitive landscape of the global food premix market includes major players like Cargill, DSM, and Archer Daniel Midlands Company, who are actively expanding their operations and product offerings to meet the evolving consumer demands and market opportunities.
Food Premix Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Ingredeints
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2.1.1 Vitamin
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2.1.2 Minerals
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2.1.3 Amino Acids
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2.1.4 Antibiotics
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2.1.5 Others
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2.2 By Application
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2.2.1 Food and Beverage
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2.2.1.1 Dairy Products
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2.2.1.2 Baked Products
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2.2.1.3 Dietary Supplements
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2.2.1.4 Beverages
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2.2.1.5 Others
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2.2.2 Animal Nutrition
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2.2.3 Pharmaceutical
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 Germany
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 South Africa
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2.3.5.2 United Arab Emirates
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2.3.5.3 Rest of Middle-East and Africa
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Food Premix Market Size FAQs
What is the current Food Premix Market size?
The Food Premix Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029)
Who are the key players in Food Premix Market?
Koninklijke DSM N.V., Cargill Incorporated, Archer Daniel Midlands Company, BASF SE and Corbion N.V. are the major companies operating in the Food Premix Market.
