Food Premix Market
Meticulous Research® –leading
global market research company published a research report titled “Food Premix Market by Type (Vitamin
Premix, Mineral Premix, Amino Acid Premix, Nucleotide Premix, Fiber Premix) and
by Application (Health Supplements, Food and Beverage, Pharmaceutical) – Global
Opportunity Analysis and Industry Forecast (2018–2023)”.
According to this latest
publication from Meticulous Research®, the global food premix market
is expected to grow at a CAGR of 6.5% from 2018 to 2023 to reach USD 1,906.5
million by 2023.
The global food premix
market is majorly driven by the growing health and wellness trend, changing
food landscape, and increasing demand for fortified food products. In addition,
convenience in usage as a single ingredient over multiple ingredients increases
the demand for food premixes from food, beverage, supplement, and
pharmaceutical industries. Moreover, emerging economies, particularly Southeast
Asia, Latin America, and Africa are boosting the growth of food premixes market
and hold huge potential for future growth. The increasing urbanization and
population growth in Asia and Africa regions are primarily responsible for the
growing demand of food premix in these markets. However, regulatory structure
and intervention and technical problems during storage and handling procedures
hinder the growth of global food premix market to some extent.
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Report on: https://www.meticulousresearch.com/product/food-premix-market/
The
global food premix market study presents historical market data in terms of
value (2016 and 2017), estimated current data (2018), and forecasts for 2023 –
by type (vitamin premix, mineral premix, amino acid premix, nucleotide premix,
fiber premix, nutraceutical premix, and others), form (powder and liquid), and
application (nutrition and health supplements, food and beverages,
pharmaceuticals, and others). The study also evaluates industry competitors and
analyzes the market at regional and country level.
On
the basis of type, vitamin premixes accounted for the largest share in the
global food premixes market in 2017. The large market share of this segment is
mainly attributed to increasing consumer preferences for blends of different
functional ingredients, growing consumption of vitamin supplements due to
rising number of vitamin deficiency cases, and increasing demand for vitamin
fortified food products. However, nucleotide premixes are set to be the
emerging and rapidly growing type primarily due to the increasing demand from
infant products.
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Report: https://www.meticulousresearch.com/request-sample-report/?cp_id=4236
On
the basis of form, powder food premixes comprised the major market share in
2017. The large share of this segment is mainly attributed to its advantages
over liquid form, such as better homogeneity, ease of handling, simple
transport economics, and better stability of a premix.
On
the basis of application, nutrition and health supplements segment captured a
major share of global food premix market in 2017. The growing application of
food premixes in nutrition and health supplements is mainly fueled by ageing
population, health and wellness trend, increasing birth rates, and increasing
prevalence of various diseases. However, food and beverages segment anticipated
to grow at a lucrative rate due to large number of functional benefits offered
by food premixes to food product and rising demand of fortified food and
beverage products.
This
research report also analyzes major geographies and provides comprehensive
analysis of North America (U.S. and Canada), Europe (Germany, France, U.K.,
Italy, Spain, and RoE), Asia-Pacific (China, India, Japan, Australia, and
RoAPAC), and Rest of World (Latin America and Middle East & Africa). North
America captured a significant share in 2017, mainly due to well established
food and beverages sector, growing focus on food safety, increasing prevalence
of chronic diseases, strong economic growth, rising consumer expectations for
innovation and healthy food products, and presence of some leading players.
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The
key players operating in the global food premix market are Koninklijke DSM N.V.
(The Netherlands), Glanbia Plc (Ireland), BASF SE (Germany), Corbion N.V. (The
Netherlands), Watson Foods Co., Inc. (U.S.), SternVitamin GmbH & Co. KG
(Germany), Vitablend Nederland B.V. (The Netherlands), Hellay Australia Pty.
Ltd (Australia), Farbest-Tallman Foods Corporation (U.S.), Jubilant Life
Sciences Ltd. (India), and Wright Enrichment Inc. (U.S.) among others.
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Meticulous Research®
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incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private
limited company under the Companies Act, 1956. Since its incorporation, the
company has become the leading provider of premium market intelligence in North
America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
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Viren Shrivastava
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