The Global Market for Food Premix Is Envisaged to Account for Over US$ 2.73 Bn by 2032

The global food premix market will likely reach a value of US$ 2.73 Bn by the end of the 2022-2032 forecast period. The demand for food premix is anticipated to be a value CAGR of 5.6% for the aforementioned assessment period and is anticipated to reach US$ 1.58 Bn in 2022. Amino acid based food premixes will likely capture 33% of total market revenue.
A recently published report by Fact.MR reveals that the global food premix market is projected to grow at a modest CAGR of 5.6% during the forecast period (2022-2032), surpassing nearly US$ 2.73 Bn by 2032. Mounting instances of appetite loss among the aging population has led them to spend more on fortified and functional food. The growing requirement for nutrition-rich food among health-conscious consumers has led manufacturers to incorporate health-benefiting ingredients such as vitamin premixes. Food manufacturers are utilizing various ingredients to enhance the appeal, flavor, and functionality of food products.
For More Valuable Information on Regional Market Dynamics, Request a Report Sample -
https://www.factmr.com/connectus/sample?flag=S&rep_id=615

Key Takeaways from the Market Study
• Global market to surpass US$ 1.58 Bn by 2022.
• U.S to be a highly lucrative market, registering a CAGR of 6% through 2032
• 3/5th of global food premix revenue to be generated by Germany
• India to register a CAGR of 5.5% with respect to food premix sales until 2032
• Revenues from sales of powdered food premixes will remain considerably larger.
• Amino acids will endure as the preferred ingredient type, with an envisaged market revenue share of over 33%.
Weight management and energy will remain preferred functions among consumers.
"Increasing demand for nutritional supplements, owing to insufficient food intake, especially among children, is supplementing demand for food premixes, with increased emphasis on point-of-use food fortification with micronutrient powders," says a Fact.MR analyst.

Key Segments Covered in Food Premix Market Study
Form Type
• Powdered Food Premix
• Liquid Food Premix
Ingredient Type
• Vitamin Food Premix
• Mineral Food Premix
• Nucleotides Food Premix
• Amino Acids Food Premix
• Botanical Food Premix
Function Type
• Food Premix for Bone Health
• Food Premix for Immunity
• Food Premix for Digestion
• Food Premix for Energy
• Food Premix for Heart Health
• Food Premix for Weight Management
• Food Premix for Vision Health
• Food Premix for Brain Health & Memory
• Food Premix for Other Function Types
Application
• Food Premix for Early Life Nutrition/Baby Food
• Food Premix for Food & Beverages
• Food Premix for Dietary Supplements
• Food Premix for Pharma OTC
• Food Premix for Nutritional Improvement Program
For critical insights on this market, request for More Info -
https://www.factmr.com/connectus/sample?flag=AE&rep_id=615

Competitive Landscape
Major players in the global market of food premix are Hexagon Nutrition Pvt. Ltd., SternVitamin GmbH & Co. KG, Lycored Ltd., Barentz International, WATSON-INC, Prinova Group LLC, Fenchem Biotek Ltd., Farbest Brands, BASF SE, Jubilant Life Sciences, Koninklijke DSM N.V., Archer Daniels Midland Company, and Glanbia plc. Frontrunners are emphasizing capacity enhancements and global footprint expansion to leverage lucrative prospects in developing economies. Some notable developments are as follows:
In July 2021, Corbion closed an agreement to acquire full ownership of Granolife. With the addition of the footprint, expertise, blending capabilities, and application labs of Granolife, the company expects the capability to make a step-change in the Mexican market.
In December 2020, Prinova launched a range of premixes for dairy replacement products to help manufacturers respond to the plant-based revolution. In a new white paper, the company highlights the growing prevalence of vegan and other non-dairy diets and their impact on plant-based markets. In line with Innova Market Insights' "Plant-Forward" trend, the ever-evolving plant-based definition expands vegetarian and vegan NPD into the mainstream.
Get Full Access of this Report through our PayPal Payment Option
https://www.factmr.com/checkout/615
Key Questions Answered in Report
• Which are the most lucrative food premix markets?
• Which factors will impact the growth of food premix?
• How will changing trends impact the strategies of market players?
• How can market players capture the low-hanging opportunities across regions?
• Which companies are leading the food premix industry?
• What are the winning strategies of stakeholders in the market?

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com

About Us:
Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we'll be an able research partner.

This release was published on openPR.