Food Premix Market, by Ingredients (Vitamins, Minerals, Nucleotides, Amino, Acids, Botanicals), by Form (Powder, Liquid), by Functions (Bone Health, Immunity, Digestion, Energy, Heart Health, Weight Management, Vision Health, Brain Health & Memory, Others), by Application (Early Life Nutrition/Baby Food, Food & Beverages (Medical Nutrition, Sports Nutrition, Fortified Dairy & Beverages, Bakery Products), Dietary Supplement, Pharma OTC, Nutritional Improvement Program), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Food premix is blended with minerals, vitamins, and other functional ingredients and they are used in fortification for food & beverages. Premix is the food product that helps to manage the weight and provide essential nutrition required by the body. These food premixes are used to enhance the content of vitamin D to improve calcium absorption and metabolism.
Market Dynamics
The global food premix market has witnessed significant growth in recent past years, owing to the growing demand for convenient food products and increasing demand for food fortification among consumers. Based on the application, the global food premix market is bifurcated into the early life nutrition/baby food, food & beverages, dietary supplement, pharma OTC, and nutritional improvement program. Among these segments, the food & beverage segment is dominating the global food premix market, owing to the increasing use of food premix in medical nutrition, sport supplements, bakery products and in the fortified dairy & beverages. This factor is estimated to drive growth of the global food premix market during the forecast period.
Moreover, the early life nutrition/baby food application is estimated to grow in the coming years, owing to the consumer preference for healthy and nutritional food premixes that are used in baby food. This is in turn is fueling the demand for the food premix during the forecast period.
In May 2021, Food Information Council Foundation of Food and Health globally revealed that 47% of consumers prefer food with additional nutrients. For instance, in December 2020, Prinova, a food premix company, announced the launch of its plant-based premixes for alternative dairy products. This factor will allow the organization to fulfill the increasing demand for functional foods for its vegan consumer base.
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