As per the latest analysis, the global food premix market size is expected to reach USD 1.9 billion in 2024. Global sales of food premixes are projected to increase at a CAGR of 5.2% during the next ten years, totaling USD 3.3 billion by 2034.
Food premix demand is escalating all over the world due to the fascination with fortified food growing. Due to this, the global food premix industry is set to climb in value 1.7x times through 2034.
Global Food Premix Market Insights
Attributes | Key Insights |
---|---|
Estimated Global Food Premix Value (2024E) | USD 1.9 billion |
Projected Global Food Premix Revenue (2034F) | USD 3.3 billion |
Value-based CAGR (2024 to 2034) | 5.2% |
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Market Statistics | Details |
---|---|
2022 Outlook (P) | 5.2% |
2022 Outlook (A) | 4.1% |
Jan to Jun (H1), 2023 Projected (P) | 5.2% |
Jan to Jun (H1), 2023 Outlook (A) | 4.9% |
Jul to Dec (H2), 2023 Outlook (P) | 4.7% |
Jul to Dec (H2), 2023 Projected (A) | 5.6% |
Jan to Jun (H1), 2024 Projected (P) | 5.9% |
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Global sales of food premixes increased at a CAGR of 5.2% from 2019 to 2023, according to the latest analysis. For the projected period, the growth of the industry is put forward to happen at a CAGR of 5.2%, with the value of the sector estimated to reach USD 3.3 billion.
The table below highlights key countries’ food premix market revenues. The United States, Germany, and China are expected to remain the top three consumers of food premixes, with estimated valuations of USD 1.2 billion, USD 0.72 billion, and USD 0.46 billion, respectively, in 2034.
Countries | Projected Food Premix Market Revenue (2034) |
---|---|
United States | USD 1.2 billion |
United Kingdom | USD 0.09 billion |
Germany | USD 0.72 billion |
China | USD 0.46 billion |
Japan | USD 0.26 billion |
India | USD 0.33 billion |
The table below shows the predicted growth rates of the top nations. Progress is supposed to be radiant in countries like India, the United States, and the United Kingdom, with the CAGRs estimated to be 10.1%, 7.8%, and 8.7% respectively through 2034.
Countries | Projected Food Premix Market CAGR (2024 to 2034) |
---|---|
United States | 7.8% |
United Kingdom | 8.7% |
Germany | 2.4% |
China | 7.1% |
India | 10.1% |
Japan | 4.4% |
The United States food premix market is projected to expand at 7.8% CAGR during the forecast period, totaling a valuation of USD 1.2 billion by 2034. A significant reason for the industry’s progress in the country is the application of the products across diverse industries, even beyond food and beverage, including baby nutrition and OTC drugs.
China’s food premix market size is projected to reach USD 0.46 billion by 2034. Overall demand for food premixes in China will likely increase at 7.1% CAGR during the forecast period.
Sales of food premixes in Germany are predicted to soar at 2.4% CAGR throughout the forecast period. Total market valuation in the country is set to reach USD 0.72 billion by 2034, driven by rising demand for dietary supplements and baby food products.
The section below shows the food and beverages segment leading the food premix industry. It is estimated to hold a dominant value share of 50% in 2034. Based on function type, the immunity segment will likely hold a market share of 35% by 2034. In terms of ingredient type, the vitamins category is set to account for a revenue share of 28% in 2034.
Top Segment (Application Type) | Food & Beverages |
---|---|
Predicted CAGR (2024 to 2034) | 7.7% |
Based on application type, the food & beverage industry is expected to remain leading consumer of food premixes. The target segment is anticipated to grow at 7.7% CAGR during the projection period, totaling USD 1.6 million in 2034.
Top Segment (Function Type) | Immunity |
---|---|
Predicted CAGR (2024 to 2034) | 6.5% |
As per the latest analysis, the immunity segment is projected to progress at 6.5% CAGR during the assessment period. Further, it will likely total USD 1.2 billion in 2034, accounting for a prominent market share of 35%.
The global food premix market is competitive in nature because of well-established and small companies. Top food premix manufacturers and suppliers listed in the report include Koninklijke DSM, Glanbia, Prinova Group, Farbest Brands, Archer Daniels Midland, B&H Biotechnology, Fenchem, Jubilant Life Sciences, Watson Inc, Barentz, Lycored, SternVitamin, and Hexagon Nutrition.
Leading manufacturers of food premixes are continuously innovating to create novel products that meet evolving needs of consumers. For instance, they are developing food premixes with new flavors and functionalities. Similarly, they are using sustainable ingredients to woo eco-conscious and vegan customers.
Several players are also showing interest in adopting strategies to stay ahead of the competition. These include partnerships, distribution agreements, new facility establishments, advertisements, and acquisitions. They are also moving their products to online platforms to boost sales.
Recent Developments in the Food Premix Market
The global food premix market value is estimated to total USD 1.9 billion in 2024.
The global food premix market size is set to reach USD 3.3 billion by 2034.
Global food premix demand is anticipated to rise at a CAGR of 5.2% through 2034.
Key players are constantly launching new products.
Glanbia, Archer Daniels Midland, Koninklijke DSM, B&H Biotechnology, and Prinova Group.
A food premix is a blend of various essential nutrients, including vitamins, amino acids, and other functional ingredients.
Premixes are good for quickly making products and saving time.
Convenience, extended shelf life, and cost-effectiveness are some benefits of premix powders.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition
3. Market Dynamics
3.1. Drivers
3.1.1. Supply Side Drivers
3.1.2. Demand Side drivers
3.1.3. Economic Side Drivers
3.2. Restraints
3.3. Opportunity
3.4. Market trends By Region
3.5. Forecast Factors - Relevance & Impact
3.6. Regulations and Policies
3.7. Impact of the Crisis (COVID)
4. Global Market - Pricing Analysis
4.1. Price Point Assessment By Region
4.1.1. Manufacturer Level Pricing
4.1.2. Distributor Level Pricing
4.2. Price Point Assessment By Form
4.3. Price Forecast till 2034
5. Value Chain Analysis
5.1. Operating margins at each node of supply chain
5.2. List of Active Market Participants
6. Global Market Size in Value (US$ billion) and Volume (units) Analysis 2019 to 2023 and Forecast, 2024 to 2034
6.1. Historical Market Size in Value (US$ billion) and Volume (units) Analysis, 2019 to 2023
6.2. Current and Future Market Size in Value (US$ billion) and Volume (units) Analysis, 2024 to 2034
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form
7.1. Introduction / Key Findings
7.2. Historical Market Size in Value (US$ billion) and Volume (units) Analysis By Form, 2019 to 2023
7.3. Current and Future Market Size in Value (US$ billion) and Volume (units) Analysis and Forecast By Form, 2024 to 2034
7.3.1. Powder
7.3.2. Liquid
7.4. Market Attractiveness Analysis By Form
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Ingredient Type
8.1. Introduction / Key Findings
8.2. Historical Market Size in Value (US$ billion) and Volume (units) Analysis By Ingredient Type, 2019 to 2023
8.3. Current and Future Market Size in Value (US$ billion) and Volume (units) Analysis and Forecast By Ingredient Type, 2024 to 2034
8.3.1. Vitamins
8.3.2. Minerals
8.3.3. Amino Acids
8.3.4. Nucleotides
8.3.5. Others (Botanicals)
8.4. Market Attractiveness Analysis By Ingredient Type
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application Type
9.1. Introduction / Key Findings
9.2. Historical Market Size in Value (US$ billion) and Volume (units) Analysis By Application Type, 2019 to 2023
9.3. Current and Future Market Size in Value (US$ billion) and Volume (units) Analysis and Forecast By Application Type, 2024 to 2034
9.3.1. Early Life Nutrition/ Baby Food
9.3.2. Food & Beverages
9.3.2.1. Medical Nutrition
9.3.2.2. Sports Nutrition
9.3.2.3. Fortified Dairy & Beverages
9.3.2.4. Bakery Products
9.3.3. Pharma OTG Drugs
9.3.4. Dietary Supplements
9.3.5. Nutritional Improvement Programs
9.4. Market Attractiveness Analysis By Application Type
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, Function Type
10.1. Introduction / Key Findings
10.2. Historical Market Size in Value (US$ billion) and Volume (units) Analysis Function Type, 2019 to 2023
10.3. Current and Future Market Size in Value (US$ billion) and Volume (units) Analysis and Forecast Function Type, 2024 to 2034
10.3.1. Bone Health
10.3.2. Immunity
10.3.3. Digestion
10.3.4. Vision Health
10.3.5. Energy
10.3.6. Weight Management
10.3.7. Heart Health
10.3.8. Brain Health & Memory
10.3.9. Others
10.4. Market Attractiveness Analysis Function Type
11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
11.1. Introduction
11.2. Historical Market Size in Value (US$ billion) and Volume (units) Analysis By Region, 2019 to 2023
11.3. Current Market Size in Value (US$ billion) and Volume (units) Analysis and Forecast By Region, 2024 to 2034
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. East Asia
11.3.5. South Asia
11.3.6. Oceania
11.3.7. Middle East & Africa
11.4. Market Attractiveness Analysis By Region
12. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
12.1. Introduction
12.2. Historical Market Size (US$ billion) and Volume(units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.3. Market Size (US$ billion) and Volume(units) Forecast By Market Taxonomy, 2024 to 2034
12.3.1. By Country
12.3.1.1. United States
12.3.1.2. Canada
12.3.2. By Form
12.3.3. By Ingredient Type
12.3.4. By Application Type
12.3.5. Function Type
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Form
12.4.3. By Ingredient Type
12.4.4. By Application Type
12.4.5. Function Type
12.5. Key takeaways
13. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
13.1. Introduction
13.2. Historical Market Size (US$ billion) and Volume(units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.3. Market Size (US$ billion) and Volume (units) Forecast By Market Taxonomy, 2024 to 2034
13.3.1. By Country
13.3.1.1. Brazil
13.3.1.2. Mexico
13.3.1.3. Argentina
13.3.1.4. Rest of Latin America
13.3.2. By Form
13.3.3. By Ingredient Type
13.3.4. By Application Type
13.3.5. Function Type
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Form
13.4.3. By Ingredient Type
13.4.4. By Application Type
13.4.5. Function Type
13.5. Key takeaways
14. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
14.1. Introduction
14.2. Historical Market Size (US$ billion) and Volume(units) Trend Analysis By Market Taxonomy, 2019 to 2023
14.3. Market Size (US$ billion) and Volume(units) Forecast By Market Taxonomy, 2024 to 2034
14.3.1. By Country
14.3.1.1. Germany
14.3.1.2. United Kingdom
14.3.1.3. France
14.3.1.4. Italy
14.3.1.5. Spain
14.3.1.6. BENELUX
14.3.1.7. Nordic
14.3.1.8. Russia
14.3.1.9. Poland
14.3.1.10. Rest of Europe
14.3.2. By Form
14.3.3. By Ingredient Type
14.3.4. By Application Type
14.3.5. Function Type
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Form
14.4.3. By Ingredient Type
14.4.4. By Application Type
14.4.5. Function Type
14.5. Key takeaways
15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
15.1. Introduction
15.2. Historical Market Size (US$ billion) and Volume(units) Trend Analysis By Market Taxonomy, 2019 to 2023
15.3. Market Size (US$ billion) and Volume(units) Forecast By Market Taxonomy, 2024 to 2034
15.3.1. By Country
15.3.1.1. China
15.3.1.2. Japan
15.3.1.3. South Korea
15.3.2. By Form
15.3.3. By Ingredient Type
15.3.4. By Application Type
15.3.5. Function Type
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Form
15.4.3. By Ingredient Type
15.4.4. By Application Type
15.4.5. Function Type
15.5. Key takeaways
16. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
16.1. Introduction
16.2. Historical Market Size (US$ billion) and Volume(units) Trend Analysis By Market Taxonomy, 2019 to 2023
16.3. Market Size (US$ billion) and Volume(units) Forecast By Market Taxonomy, 2024 to 2034
16.3.1. By Country
16.3.1.1. India
16.3.1.2. Thailand
16.3.1.3. Malaysia
16.3.1.4. Indonesia
16.3.1.5. Vietnam
16.3.1.6. Philippines
16.3.1.7. Singapore
16.3.1.8. Rest of South Asia
16.3.2. By Form
16.3.3. By Ingredient Type
16.3.4. By Application Type
16.3.5. Function Type
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Form
16.4.3. By Ingredient Type
16.4.4. By Application Type
16.4.5. Function Type
16.5. Key takeaways
17. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034
17.1. Introduction
17.2. Historical Market Size (US$ billion) and Volume(units) Trend Analysis By Market Taxonomy, 2019 to 2023
17.3. Market Size (US$ billion) and Volume(units) Forecast By Market Taxonomy, 2024 to 2034
17.3.1. By Country
17.3.1.1. Australia
17.3.1.2. New Zealand
17.3.2. By Form
17.3.3. By Ingredient Type
17.3.4. By Application Type
17.3.5. Function Type
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Form
17.4.3. By Ingredient Type
17.4.4. By Application Type
17.4.5. Function Type
17.5. Key takeaways
18. Middle East & Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034
18.1. Introduction
18.2. Historical Market Size (US$ billion) and Volume(units) Trend Analysis By Market Taxonomy, 2019 to 2023
18.3. Market Size (US$ billion) and Volume(units) Forecast By Market Taxonomy, 2024 to 2034
18.3.1. By Country
18.3.1.1. GCC Countries
18.3.1.2. Turkiye
18.3.1.3. Egypt
18.3.1.4. South Africa
18.3.1.5. Rest of Middle East & Africa
18.3.2. By Form
18.3.3. By Ingredient Type
18.3.4. By Application Type
18.3.5. Function Type
18.4. Market Attractiveness Analysis
18.4.1. By Country
18.4.2. By Form
18.4.3. By Ingredient Type
18.4.4. By Application Type
18.4.5. Function Type
18.5. Key takeaways
19. Country-level Market Analysis, 2024
19.1. United States Market Analysis
19.1.1. By Form
19.1.2. By Ingredient Type
19.1.3. By Application Type
19.1.4. Function Type
19.2. Canada Market Analysis
19.2.1. By Form
19.2.2. By Ingredient Type
19.2.3. By Application Type
19.2.4. Function Type
19.3. Brazil Market Analysis
19.3.1. By Form
19.3.2. By Ingredient Type
19.3.3. By Application Type
19.3.4. Function Type
19.4. Mexico Market Analysis
19.4.1. By Form
19.4.2. By Ingredient Type
19.4.3. By Application Type
19.4.4. Function Type
19.5. Argentina Market Analysis
19.5.1. By Form
19.5.2. By Ingredient Type
19.5.3. By Application Type
19.5.4. Function Type
19.6. Germany Market Analysis
19.6.1. By Form
19.6.2. By Ingredient Type
19.6.3. By Application Type
19.6.4. Function Type
19.7. United Kingdom Market Analysis
19.7.1. By Form
19.7.2. By Ingredient Type
19.7.3. By Application Type
19.7.4. Function Type
19.8. France Market Analysis
19.8.1. By Form
19.8.2. By Ingredient Type
19.8.3. By Application Type
19.8.4. Function Type
19.9. Italy Market Analysis
19.9.1. By Form
19.9.2. By Ingredient Type
19.9.3. By Application Type
19.9.4. Function Type
19.10. Spain Market Analysis
19.10.1. By Form
19.10.2. By Ingredient Type
19.10.3. By Application Type
19.10.4. Function Type
19.11. BENELUX Market Analysis
19.11.1. By Form
19.11.2. By Ingredient Type
19.11.3. By Application Type
19.11.4. Function Type
19.12. Nordic Market Analysis
19.12.1. By Form
19.12.2. By Ingredient Type
19.12.3. By Application Type
19.12.4. Function Type
19.13. Russia Region Market Analysis
19.13.1. By Form
19.13.2. By Ingredient Type
19.13.3. By Application Type
19.13.4. Function Type
19.14. Poland Market Analysis
19.14.1. By Form
19.14.2. By Ingredient Type
19.14.3. By Application Type
19.14.4. Function Type
19.15. China Market Analysis
19.15.1. By Form
19.15.2. By Ingredient Type
19.15.3. By Application Type
19.15.4. Function Type
19.16. Japan Market Analysis
19.16.1. By Form
19.16.2. By Ingredient Type
19.16.3. By Application Type
19.16.4. Function Type
19.17. South Korea Market Analysis
19.17.1. By Form
19.17.2. By Ingredient Type
19.17.3. By Application Type
19.17.4. Function Type
19.18. India Market Analysis
19.18.1. By Form
19.18.2. By Ingredient Type
19.18.3. By Application Type
19.18.4. Function Type
19.19. Thailand Market Analysis
19.19.1. By Form
19.19.2. By Ingredient Type
19.19.3. By Application Type
19.19.4. Function Type
19.20. Malaysia Market Analysis
19.20.1. By Form
19.20.2. By Ingredient Type
19.20.3. By Application Type
19.20.4. Function Type
19.21. Indonesia Market Analysis
19.21.1. By Form
19.21.2. By Ingredient Type
19.21.3. By Application Type
19.21.4. Function Type
19.22. Vietnam Market Analysis
19.22.1. By Form
19.22.2. By Ingredient Type
19.22.3. By Application Type
19.22.4. Function Type
19.23. Philippines Market Analysis
19.23.1. By Form
19.23.2. By Ingredient Type
19.23.3. By Application Type
19.23.4. Function Type
19.24. Singapore Market Analysis
19.24.1. By Form
19.24.2. By Ingredient Type
19.24.3. By Application Type
19.24.4. Function Type
19.25. Australia Market Analysis
19.25.1. By Form
19.25.2. By Ingredient Type
19.25.3. By Application Type
19.25.4. Function Type
19.26. New Zealand Market Analysis
19.26.1. By Form
19.26.2. By Ingredient Type
19.26.3. By Application Type
19.26.4. Function Type
19.27. GCC Countries Market Analysis
19.27.1. By Form
19.27.2. By Ingredient Type
19.27.3. By Application Type
19.27.4. Function Type
19.28. Turkey Market Analysis
19.28.1. By Form
19.28.2. By Ingredient Type
19.28.3. By Application Type
19.28.4. Function Type
19.29. Egypt Market Analysis
19.29.1. By Form
19.29.2. By Ingredient Type
19.29.3. By Application Type
19.29.4. Function Type
19.30. South Africa Market Analysis
19.30.1. By Form
19.30.2. By Ingredient Type
19.30.3. By Application Type
19.30.4. Function Type
20. Market Structure Analysis
20.1. Global Market Competition - a Dashboard View
20.2. Industry Structure Analysis
20.2.1. % tier 1 Market players
20.2.2. % tier 2 Market players
20.2.3. % tier 3 Market players
20.3. Global Market Company Share Analysis
20.3.1. For Tier 1 Market Players, 2023
20.3.2. Company Market Share Analysis of Top 5 Players, By Region
20.4. Key Participants Market Presence (Intensity Mapping) By Region
21. Competition Analysis
21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Competition Deep Dive
21.3.1. DIC Corporation
21.3.1.1. Product Portfolio
21.3.1.2. Product Claim
21.3.1.3. Revenue By Market Segments (Product/Channel/Region)
21.3.1.4. Sales Footprint
21.3.1.5. Strategy Overview
21.3.1.5.1. Marketing Strategy
21.3.1.5.2. Product Strategy
21.3.1.5.3. Channel Strategy
21.3.1.6. SWOT Analysis
21.3.2. Pall Corporation
21.3.3. Koch Membrane Systems Inc.
21.3.4. Pentair Plc.
21.3.5. SPX Flow, Inc.
21.3.6. 3M Company
21.3.7. Alfa Laval AB
21.3.8. Prominent GmbH
21.3.9. GEA Group AG
21.3.10. Suez Water Technologies and Solutions
21.3.11. Porvair Filtration Group
21.3.12. Others (on additional request)
22. Assumptions and Acronyms
23. Research Methodology
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