Food Premix Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Food Premix Market
The food premix market size was valued at USD 7.13 billion in 2023, and the market is now projected to grow from USD 7.62 billion in 2024 to USD 13.32 billion by 2032, exhibiting a CAGR of 7.23% during the forecast period of 2023-2030.
The food premix market has been affected severely by COVID-19 pandemic. Shutdowns, supply chain disruptions and shifts in consumer behavior have made the production and distribution far more difficult. Demand declined from the growing sectors such hospitality and food service that were more pressurized for the market condition. Moreover, logistical issues and lack of workers had an effect on production and freight arrangements. Consumers and companies became more careful in spending, which was one of the reasons for the economy turbulence.
The primary factor behind Food premix market growth is increased need for convenience foods and nutritional supplements. Premixes as a blend of essential nutrients, vitamins, mineral and other functional ingredients form the basis for filling the needs of consumer health round the globe. Knowledge on health and well-being, in addition to the busy lifestyles, encourages the demand for ready-to-cook products. Besides that, new food processing technologies and creative product formulations are the other factors which also contribute to the market extension.
The food premix market is seeing a variety of trends that are changing its shape. There is an observed increase in demand for specific dietary mixes to take care of the individual needs, including those regarding health and wellness. Customers now are preferring convenience due to which instant mixes are more in demand as they need less time for preparation. As the result of the increased level of health awareness, consumers demand has increased for premixes with advanced functional ingredients like vitamins, minerals and protein fortification. In addition, sustainability is another major trend which has resulted in the creation of environmentally friendly packaging and sourcing methods.
Comprehensive Analysis of Food premix Market
The food premix industry is rising at an exponential rate due to its market segmentation. These segmentations are methodically segregated by types and by end users. Based on type, market is divided into vitamins, mineral and hydrocolloids. Based on application market is divided into dietary supplements, beverages, dairy products, bakery products and others.
The Asia Pacific holds leading position in food premix market share by benefitting a market size of USD 2.60 billion in 2023 due to rising population, higher disposal incomes, and high level of nutrition awareness. There is a rising demand for food premixes in countries such as China, India, and Japan driven by new eating habits and lifestyles. Also, the food and beverage industry along with the technology development of food fortification are also the factors contribute to the growth of demand of the market.
The top players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These players include, SternVitamin GmbH (Germany), Koninklijke DSM N.V. (Netherlands), Barentz International B.V. (Netherlands), Hexagon Nutrition Pvt. Ltd. (India), Farbest-Tallman Foods Corporation (U.S.), Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), BASF SE (Germany), Glanbia Plc (Ireland), Corbion NV (Netherlands). These market players provide a level-playing competitive landscape.
April 2023: Prinova Europe introduced its new special sports and lifestyle nutrition products. The brand also revealed the development of its Omega-3 supplements.
Segmentation Table
Global Food Premix Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.23% from 2024-2032
Unit Value (USD Billion)
Segmentation By Type
- Vitamins
- Minerals
- Hydrocolloids
By Application
- Dietary Supplements
- Beverages
- Dairy Products
- Bakery Products
- Others
By Geography
- North America (By Type, Application, and Country)
U.S. (By Application)
Canada (By Application)
Mexico (By Application)
- Europe (By Type, Application, and Country)
U.K. (By Application)
France (By Application)
Germany (By Application)
Italy (By Application)
Rest of Europe (By Application)
- Asia Pacific (By Type, Application, and Country)
China (By Application)
India (By Application)
Japan (By Application)
Australia (By Application)
Rest of Asia Pacific (By Application)
- South America (By Type, Application, and Country)
Brazil (By Application)
Argentina (By Application)
Rest of South America (By Application)
- Middle East and Africa (By Type, Application, and Country)
South Africa (By Application)
Turkey (By Application)
Rest of the Middle East & Africa (By Application)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Market Trends in the Global Market
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc. .
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 4.6. Impact of COVID-19 on the Market
- 5. Global Exterior Wall Systems Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. By Material (Value)
- 5.2.1. Vinyl
- 5.2.2. Ceramic Tiles
- 5.2.3. Gypsum/Plasterboard
- 5.2.4. Glass Panel
- 5.2.5. EIFS
- 5.2.6. Fiber Cement
- 5.2.7. Wood Board
- 5.2.8. HPL Board
- 5.2.9. Fiberglass Panel
- 5.2.10. Bricks & Stone
- 5.2.11. Others
- 5.3. By Type (Value)
- 5.3.1. Ventilated Façade
- 5.3.2. Curtain Wall
- 5.3.3. Non-Ventilated Façade
- 5.4. By End-Use (Value)
- 5.4.1. Residential
- 5.4.2. Non-Residential
- 5.5. By Region (Value)
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
- 6. North America Exterior Wall Systems Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. By Material (Value)
- 6.2.1. Vinyl
- 6.2.2. Ceramic Tiles
- 6.2.3. Gypsum/Plasterboard
- 6.2.4. Glass Panel
- 6.2.5. EIFS
- 6.2.6. Fiber Cement
- 6.2.7. Wood Board
- 6.2.8. HPL Board
- 6.2.9. Fiberglass Panel
- 6.2.10. Bricks & Stone
- 6.2.11. Others
- 6.3. By Type (Value)
- 6.3.1. Ventilated Façade
- 6.3.2. Curtain Wall
- 6.3.3. Non-Ventilated Façade
- 6.4. By End-Use (Value)
- 6.4.1. Residential
- 6.4.2. Non-Residential
- 6.5. By Country (Value)
- 6.5.1. U.S
- 6.5.1.1. By End-Use
- 6.5.1.1.1. Residential
- 6.5.1.1.2. Non-Residential
- 6.5.2. Canada
- 6.5.2.1. By End-Use
- 6.5.2.1.1. Residential
- 6.5.2.1.2. Non-Residential
- 7. Europe Exterior Wall Systems Market Analysis, Insights and Forecast, 2019-2032
- 7.1. By Material (Value)
- 7.1.1. Vinyl
- 7.1.2. Ceramic Tiles
- 7.1.3. Gypsum/Plasterboard
- 7.1.4. Glass Panel
- 7.1.5. EIFS
- 7.1.6. Fiber Cement
- 7.1.7. Wood Board
- 7.1.8. HPL Board
- 7.1.9. Fiberglass Panel
- 7.1.10. Bricks & Stone
- 7.1.11. Others
- 7.2. By Type (Value)
- 7.2.1. Ventilated Façade
- 7.2.2. Curtain Wall
- 7.2.3. Non-Ventilated Façade
- 7.3. By End-Use (Value)
- 7.3.1. Residential
- 7.3.2. Non-Residential
- 7.4. By Country (Value)
- 7.4.1. Germany
- 7.4.1.1. By End-Use
- 7.4.1.1.1. Residential
- 7.4.1.1.2. Non-Residential
- 7.4.2. U.K.
- 7.4.2.1. By End-Use
- 7.4.2.1.1. Residential
- 7.4.2.1.2. Non-Residential
- 7.4.3. France
- 7.4.3.1. By End-Use
- 7.4.3.1.1. Residential
- 7.4.3.1.2. Non-Residential
- 7.4.4. Italy
- 7.4.4.1. By End-Use
- 7.4.4.1.1. Residential
- 7.4.4.1.2. Non-Residential
- 7.4.5. Spain
- 7.4.5.1. By End-Use
- 7.4.5.1.1. Residential
- 7.4.5.1.2. Non-Residential
- 7.4.6. Russia
- 7.4.6.1. By End-Use
- 7.4.6.1.1. Residential
- 7.4.6.1.2. Non-Residential
- 7.4.7. Rest of Europe
- 7.4.7.1. By End-Use
- 7.4.7.1.1. Residential
- 7.4.7.1.2. Non-Residential
- 8. Asia-Pacific Exterior Wall Systems Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. By Material (Value)
- 8.2.1. Vinyl
- 8.2.2. Ceramic Tiles
- 8.2.3. Gypsum/Plasterboard
- 8.2.4. Glass Panel
- 8.2.5. EIFS
- 8.2.6. Fiber Cement
- 8.2.7. Wood Board
- 8.2.8. HPL Board
- 8.2.9. Fiberglass Panel
- 8.2.10. Bricks & Stone
- 8.2.11. Others
- 8.3. By Type (Value)
- 8.3.1. Ventilated Façade
- 8.3.2. Curtain Wall
- 8.3.3. Non-Ventilated Façade
- 8.4. By End-Use (Value)
- 8.4.1. Residential
- 8.4.2. Non-Residential
- 8.5. By Country (Value)
- 8.5.1. China
- 8.5.1.1. By End-Use
- 8.5.1.1.1. Residential
- 8.5.1.1.2. Non-Residential
- 8.5.2. India
- 8.5.2.1. By End-Use
- 8.5.2.1.1. Residential
- 8.5.2.1.2. Non-Residential
- 8.5.3. Japan
- 8.5.3.1. By End-Use
- 8.5.3.1.1. Residential
- 8.5.3.1.2. Non-Residential
- 8.5.4. Southeast Asia
- 8.5.4.1. By End-Use
- 8.5.4.1.1. Residential
- 8.5.4.1.2. Non-Residential
- 8.5.5. Rest of Asia-Pacific
- 8.5.5.1. By End-Use
- 8.5.5.1.1. Residential
- 8.5.5.1.2. Non-Residential
- 9. Latin America Exterior Wall Systems Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. By Material (Value)
- 9.2.1. Vinyl
- 9.2.2. Ceramic Tiles
- 9.2.3. Gypsum/Plasterboard
- 9.2.4. Glass Panel
- 9.2.5. EIFS
- 9.2.6. Fiber Cement
- 9.2.7. Wood Board
- 9.2.8. HPL Board
- 9.2.9. Fiberglass Panel
- 9.2.10. Bricks & Stone
- 9.2.11. Others
- 9.3. By Type (Value)
- 9.3.1. Ventilated Façade
- 9.3.2. Curtain Wall
- 9.3.3. Non-Ventilated Façade
- 9.4. By End-Use (Value)
- 9.4.1. Residential
- 9.4.2. Non-Residential
- 9.5. By Country (Value)
- 9.5.1. Brazil
- 9.5.1.1. By End-Use
- 9.5.1.1.1. Residential
- 9.5.1.1.2. Non-Residential
- 9.5.2. Mexico
- 9.5.2.1. By End-Use
- 9.5.2.1.1. Residential
- 9.5.2.1.2. Non-Residential
- 9.5.3. Rest of Latin America
- 9.5.3.1. By End-Use
- 9.5.3.1.1. Residential
- 9.5.3.1.2. Non-Residential
- 10. Middle East & Africa Exterior Wall Systems Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. By Material (Value)
- 10.2.1. Vinyl
- 10.2.2. Ceramic Tiles
- 10.2.3. Gypsum/Plasterboard
- 10.2.4. Glass Panel
- 10.2.5. EIFS
- 10.2.6. Fiber Cement
- 10.2.7. Wood Board
- 10.2.8. HPL Board
- 10.2.9. Fiberglass Panel
- 10.2.10. Bricks & Stone
- 10.2.11. Others
- 10.3. By Type (Value)
- 10.3.1. Ventilated Façade
- 10.3.2. Curtain Wall
- 10.3.3. Non-Ventilated Façade
- 10.4. By End-Use (Value)
- 10.4.1. Residential
- 10.4.2. Non-Residential
- 10.5. By Country (Value)
- 10.5.1. GCC
- 10.5.1.1. By End-Use
- 10.5.1.1.1. Residential
- 10.5.1.1.2. Non-Residential
- 10.5.2. Rest of Middle East & Africa
- 10.5.2.1. By End-Use
- 10.5.2.1.1. Residential
- 10.5.2.1.2. Non-Residential
- 11. Company Profiles
- 11.1. Nippon Sheet Glass Co., Ltd
- 11.1.1. Overview
- 11.1.2. Description
- 11.1.3. Product Portfolio
- 11.1.4. Financials (Data as available in public domain and/or on paid databases)
- 11.1.5. Recent Developments
- 11.2. Saint-Gobain
- 11.2.1. Overview
- 11.2.2. Description
- 11.2.3. Product Portfolio
- 11.2.4. Financials (Data as available in public domain and/or on paid databases)
- 11.2.5. Recent Developments
- 11.3. AGC, Inc.
- 11.3.1. Overview
- 11.3.2. Description
- 11.3.3. Product Portfolio
- 11.3.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.5. Recent Developments
- 11.4. Sika AG
- 11.4.1. Overview
- 11.4.2. Description
- 11.4.3. Product Portfolio
- 11.4.4. Financials (Data as available in public domain and/or on paid databases)
- 11.4.5. Recent Developments
- 11.5. PPG Industries, Inc.
- 11.5.1. Overview
- 11.5.2. Description
- 11.5.3. Product Portfolio
- 11.5.4. Financials (Data as available in public domain and/or on paid databases)
- 11.5.5. Recent Developments
- 11.6. 3A Composite Holdings AG
- 11.6.1. Overview
- 11.6.2. Description
- 11.6.3. Product Portfolio
- 11.6.4. Financials (Data as available in public domain and/or on paid databases)
- 11.6.5. Recent Developments
- 11.7. SCG
- 11.7.1. Overview
- 11.7.2. Description
- 11.7.3. Product Portfolio
- 11.7.4. Financials (Data as available in public domain and/or on paid databases)
- 11.7.5. Recent Developments
- 11.8. Etex Group
- 11.8.1. Overview
- 11.8.2. Description
- 11.8.3. Product Portfolio
- 11.8.4. Financials (Data as available in public domain and/or on paid databases)
- 11.8.5. Recent Developments
- 11.9. Owens Corning
- 11.9.1. Overview
- 11.9.2. Description
- 11.9.3. Product Portfolio
- 11.9.4. Financials (Data as available in public domain and/or on paid databases)
- 11.9.5. Recent Developments
- 11.10. Evonik Industries AG
- 11.10.1. Overview
- 11.10.2. Description
- 11.10.3. Product Portfolio
- 11.10.4. Financials (Data as available in public domain and/or on paid databases)
- 11.10.5. Recent Developments
- 11.11. LafargeHolcim
- 11.11.1. Overview
- 11.11.2. Description
- 11.11.3. Product Portfolio
- 11.11.4. Financials (Data as available in public domain and/or on paid databases)
- 11.11.5. Recent Developments
- 11.12. USG Boral
- 11.12.1. Overview
- 11.12.2. Description
- 11.12.3. Product Portfolio
- 11.12.4. Financials (Data as available in public domain and/or on paid databases)
- 11.12.5. Recent Developments
- 11.13. DuPont
- 11.13.1. Overview
- 11.13.2. Description
- 11.13.3. Product Portfolio
- 11.13.4. Financials (Data as available in public domain and/or on paid databases)
- 11.13.5. Recent Developments
- 11.14. Dow
- 11.14.1. Overview
- 11.14.2. Description
- 11.14.3. Product Portfolio
- 11.14.4. Financials (Data as available in public domain and/or on paid databases)
- 11.14.5. Recent Developments
- 12. Strategic Recommendation
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