Nutritional Premixes Market
Meticulous Research® –
leading global market research company published a research report titled “Nutritional Premixes Market – Global
Opportunity Analysis and Industry Forecast (2018-2023)”.
According to this latest
publication from Meticulous Research®, the global nutritional
premixes market will grow at a CAGR of 4.0% from 2018 to 2023 to reach USD
12,397.8 million by 2023, driven by growing health and wellness trend, changing
food landscape, increasing demand for fortified food products, convenience in
usage as a single ingredient over multiple ingredients, and increasing demand
for compound animal feed. In addition, expanding middle-class population in
emerging economies with growing awareness of nutrition and emergence of
developing countries as strong consumers for the feed applications provides a
significant opportunity for the manufacturers of nutritional premixes globally.
The global nutritional
premixes market is mainly segmented by type (vitamin premixes, mineral
premixes, amino acid premixes, nucleotide premixes, fiber premixes,
nutraceutical premixes, and others), form (powder and liquid), application
(animal feed, nutrition and health supplements, food and beverages,
pharmaceuticals, and others), and geography.
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in-depth Report on https://www.meticulousresearch.com/product/nutritional-premixes-market-2023/
On the basis of type,
vitamin premixes commanded the largest share of the global nutritional premixes
market in 2017 and are expected to dominate the global nutritional premixes
market during the forecast period. The large market share of this segment is
attributed to increasing consumer preferences for blends of different
functional ingredients, multiple nutritional benefits of vitamins to humans and
animals, growing consumption of vitamin supplements due to rising number of
vitamin deficiency cases, and increasing demand for vitamin fortified feed and
food products. However, nucleotide premixes market is expected to witness a
rapid growth among all types during the forecast period, primarily due to the
increasing demand from infant nutrition and nutraceutical sectors.
On the basis of form,
powdered nutritional premixes commanded the largest share of the global
nutritional premixes market in 2017 and are expected to dominate the market
during the forecast period. The large share of this segment is mainly due to
its advantages over a liquid form such as better homogeneity, ease of handling,
simple transport economics, and better stability of premixes. However, the
liquid form is expected to witness a rapid growth during the forecast period,
due to its increasing demand from beverages manufactures.
On the basis of
application, animal feed segment accounted for the largest share of the global
nutritional premixes market in 2017, primarily due to growing livestock
industry with the increasing meat consumption, ban on antibiotics, and
increasing importance for animal health and wellness. However, food and
beverages segment is expected to witness a rapid growth during the forecast
period, mainly attributed to the large number of functional benefits offered by
nutritional premixes to food and rising demand of fortified food and beverages
products. It is being increasingly used to enhance flavour & texture, boost
nutrient content, improve appearance, and add nutritional stability to finished
products.
Geographically, the
global nutritional premixes market is segmented into North America (U.S. and
Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia
Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), Latin
America (Brazil, Mexico, and Rest of Latin America), and Middle East &
Africa. Asia-Pacific commanded the largest share of the global nutritional
premixes market in 2017, followed by North America, and Europe. The largest
share of this region is due to growing compound animal feed industry, growing
economy, increasing demand of fortified food products, and rising investments
from major players in the region.
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The key players operating
in the global nutritional premixes 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.), Archer Daniels Midland Company
(U.S.), Cargill, Incorporated (U.S.), SternVitamin GmbH & Co. KG (Germany),
Vitablend Nederland B.V. (The Netherlands), Hellay Australia Pty. Ltd. (Australia),
Nutreco N.V. (The Netherlands), InVivo Agrosciences (France), Farbest-Tallman
Foods Corporation (U.S.), Jubilant Life Sciences Ltd. (India), and Koninklijke
Coöperatie Agrifirm U.A. (The Netherlands).
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