Europe food premix market is projected to accelerate at a healthy CAGR of 9.5% during the assessment period (2023 to 2033). The market value is set to expand from USD 599 million in 2023 to USD 1,489 million by 2033. Currently, vitamin-based food premixes hold around 31% of the total market share.
Rising usage of food premixes in food & beverages, dietary supplements, OTC drugs, and infant nutrition, growing health awareness, and availability of customized premixes are prominent factors driving Europe food premix market.
In the global market, Europe holds around 33.5% of market share and this figure is likely to further increase due to rising demand for functional food products and beverages across countries such as Germany, France, and the United Kingdom.
Food premixes are complex blends of ingredients or nutrients such as proteins, vitamins, nucleotides, minerals, and trace elements. These mixtures help in improving immunity, bone and heart health, digestion, and brain development. They also provide energy and help in weight management as well. Hence, these premixtures find application in a variety of industries including food & beverage and dietary supplements where they are utilized to improve the nutritional content of products.
Food premixes are an ideal way to get all essential nutrients a human body needs without having to consume large quantities of food. They are easy to use and help food manufacturing companies significantly improve nutritional content of their food items.
Growing trend of food fortification across Europe is expected to play a crucial role in boosting food premix sales during the assessment period. Food fortification with micronutrients has become a key strategy of European food manufacturing companies for increasing the intake of vitamins and minerals of public significance.
Rising demand for nutrition-rich foods or fortified foods and beverages across Europe due to high incidence of malnutrition and growing focus on fitness and health will create lucrative growth prospects for food premix market over the projection period.
Similarly, increasing prevalence of deficiency diseases across European countries along with favorable government initiatives to reduce malnutrition burden will help the food premix industry to thrive at a healthy pace during the assessment period.
| Attribute | Key Insights |
|---|---|
| Europe Food Premix Market Estimated Value (2023) | USD 599 million |
| Projected Market Value (2033) | USD 1,489 million |
| Value-based CAGR (2023 to 2033) | 9.5% |
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The food premix demand across Europe increased at a CAGR of 6.9% during the historical period from 2018 to 2022. For the forecast period between 2023 and 2033, Europe food premix industry is set to accelerate at a healthy CAGR of 9.5%, reaching a total valuation of USD 1,489 million by the end of 2033.
Rising health consciousness and increasing demand for healthy food & beverage products are primary factors driving the market for food premixes across Europe.
Similarly, growing popularity of fortified food products and increasing production and consumption of dietary supplements across countries such as Germany and the United Kingdom will boost food premix sales during the projection period.
Several crucial factors have been identified by FMI that are projected to impact the market dynamics of Europe food premix industry during the assessment period (2023 to 2033). Besides this, analysts at FMI have also analyzed emerging trends, opportunities, restraining elements, and upcoming threats that can somehow impact food premix sales across Europe.
The drivers, restraints, opportunities, and threats identified are as follows:
DRIVERS:
RESTRAINTS:
OPPORTUNITIES:
THREATS:
Growing Demand for Fortified Foods Boosting Market in the United Kingdom
According to Future Market Insights, food premix market in the United Kingdom is poised to exhibit a CAGR of 4.1% during the forecast period (2023 to 2033). The demand for food premixes is increasing as consumers in the United Kingdom focus on healthy lifestyles. Also, there is growth in the functional food market which is creating lucrative opportunities for food premix manufacturers in the country.
Growing demand for fortified foods due to increasing health consciousness, changing lifestyles, and rising living standards, and changing lifestyles are expected to boost food premix sales across the United Kingdom during the projection period.
The need for quick, easy, and healthy food is increasing as people's schedules become busier. This in turn is creating growth prospects for the food premix business in the country.
Increased Demand for Packaged Food Products Boosting Food Premix Sales in Germany
Food premix sales across Germany are slated to rise at a steady pace during the next ten years owing to the rising demand for high-nutritional packaged food products, growing popularity of plant-based premixes, and rapid expansion of sports nutrition industry.
In European nations such as Germany, individuals are spending additional on healthy and nourishing foods to stay fit and healthy. Subsequently, due to a greater understanding among consumers of the advantages of consuming protein, such as enhanced energy, muscle mass, and strength, the sports nutrition sector is flourishing in the country. This expansion of the sports nutrition industry has led to an increased demand for food premixes and the trend is expected to continue during the assessment period.
Vitamin Premix Dominates the Europe Market
Based on ingredient type, the market is segmented into nucleotides, vitamins, amino acids, and minerals. Among these, vitamins segment holds a prominent share of Europe’s food premix industry and it is expected to progress at a robust pace during the projection period. This is attributed to the rising usage of vitamin premixes in dietary supplements, food & beverages, and OTC drugs.
Similarly, increasing inclination towards mixes of various functional components, growing demand for vitamin-fortified foods, and rising use of vitamin supplements due to rising prevalence of vitamin disorders such as osteoporosis, are also boosting growth of the target segment.
Food & Beverages Application to Create Maximum Revenue-generation Opportunities
By end use application, the market for food premixes has been segmented into food and beverages, dietary supplements, early life nutrition/baby food, and pharma OTC drugs. Among these, FMI predicts the food and beverages segment to retain its dominance over Europe’s food premixes industry during the forecast period. This is due to increasing usage of food premixes across the thriving food and beverage sector.
Food premixes are mostly used in food and beverage products to improve their nutritional content. Growing inclination towards high nutritional foods and beverages coupled with increasing trend of food fortification will further propel food premix demand in the food and beverage industry over the projection period.
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The emergence of regional companies and increasing consumer demands for functional foods & beverages, and supplements have made the market highly competitive. To gain profits and expand their customer base, key food premix manufacturers across Europe are employing a wide range of strategies including new product launches, research and development activities, brand promotions, partnerships, mergers, acquisitions, and strengthening distribution channels.
Glanbia plc, DSM, SternVitamin, Jubilant Life Sciences, Farbest Brands, Fenchem, Prinova Group, Hexagon Nutrition B&H Biotechnology, Watson Inc, BASF SE, and Corbion are few of the key food premix companies in Europe.
Recent Developments:
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 599 million |
| Projected Market Size (2033) | USD 1,489 million |
| Anticipated Growth Rate (2023 to 2033) | 9.5% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value and MT for Volume |
| Key Countries Covered | Germany, France, Spain, United Kingdom, BENELUX, Nordic, Russia, Poland, Italy |
| Key Segments Covered | Form, Ingredient Type, End Use Application, Country |
| Key Companies Profiled | Dutch State Mines; Glanbia plc; BASF SE; Corbion; SternVitamin; Vitablend; Hellay Australia pvt; Farbest brands; Jubilant Life Sciences; Archer Daniels Midland Company; Koninklijke DSM N.V.; Farbest Brands; Fenchem Biotek Ltd.; Prinova Group LLC; Watson Inc.; Barentz International; LycoRed Ltd.; SternVitamin GmbH; Hexagon Nutrition Pvt. Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The industry is valued at USD 599 million in 2023.
The challenge in the market is the stringent environmental regulations.
The market is growing due to the increasing demand for convenience and healthy food.
The industry is estimated to reach USD 1,489 million by 2033.
The Europe food premix market CAGR through 2033 is likely to be 9.5%.
| Estimated Industry Size (2024E) | USD 8.8 billion |
|---|---|
| Projected Industry Value (2034F) | USD 12 billion |
| Value-based CAGR (2024 to 2034) | 3.3% |
| Expected Market value in 2023 | USD 1.6 Billion |
|---|---|
| Projected Market Value in 2033 | USD 2.6 Billion |
| Growth Rate (2023 to 2033) | 5% CAGR |
| Market Value in 2022 | USD 110 Billion |
|---|---|
| Market Value in 2032 | USD 167 Billion |
| Growth Rate (2022 to 2032) | 4.3% CAGR |
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