Redding, California, March 20, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled, ‘Nutritional Premixes Market by Type (Combined Premixes, Vitamin Premixes, Mineral Premixes, Amino Acid Premixes, Nucleotide Premixes, Nutraceutical Premixes), Form (Powder, Liquid), Application (Animal Feed, Health Supplements, Food and Beverages) - Global Forecast to 2030,’ the nutritional premixes market is expected to reach $16.76 billion by 2030, at a CAGR of 4.7% from 2023 to 2030.
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A nutritional premix is a customized blend where each nutrient component is prescaled and precision blended into a premix for application in food & beverages, animal feed, healthcare, and personal care to enhance the nutritional value of the products. The growth of this market is attributed to the rising health & wellness trend, changing food landscape, increasing demand for fortified food products, convenience in usage offered by nutritional premixes as a single ingredient over multiple ingredients, and increasing demand for compound animal feed. The demand for nutritional premixes has grown particularly fast in developing economies, as industrial growth has resulted in rapid urbanization, a huge population base, and higher per capita incomes.
The nutritional premixes market is segmented based on type, form, application, and geography. The study also evaluates industry competitors and analyses the market at the country level.
Key Findings in the Nutritional Premixes Market Study:
Based on type, the nutritional premixes market is segmented into combined nutritional premixes, vitamin premixes, mineral premixes, amino acid premixes, nucleotide premixes, fiber premixes, nutraceutical premixes, and other nutritional premixes. In 2023, the combined premixes segment is expected to account for the largest share of the nutritional premixes market. The large market share of this segment is attributed to consumers’ increasing preference for blends of different functional ingredients, multiple nutritional benefits offered by custom premix blends to humans & animals, and increasing demand for fortified feed and food products. The combined premixes segment is also projected to register the highest CAGR during the forecast period.
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Based on form, the nutritional premixes market is segmented into powder and liquid. In 2023, the powder segment is expected to account for the largest share of the nutritional premixes market. However, the liquid segment is expected to register the highest CAGR during the forecast period due to the increasing demand for liquid nutritional premixes from beverage manufacturers.
Based on application, the nutritional premixes market is mainly segmented into animal feed, nutrition and health supplements, food and beverages, pharmaceuticals, and other applications. In 2023, the animal feed segment is expected to account for the largest share of the nutritional premixes market. The high demand for nutritional premixes in the animal feed industry is attributed to the growing livestock industry due to increasing meat consumption, the ban on the use of antibiotic growth promoters in animal feed, and the rising awareness about animal welfare. However, the food & beverages segment is expected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the large number of functional benefits offered by nutritional premixes and the rising demand for fortified food & beverages. Nutritional premixes are increasingly used to enhance flavor & texture, boost nutrient content, improve appearance, and add nutritional stability to finished products.
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Based on geography, in 2023, Asia-Pacific is expected to account for the largest share of the nutritional premixes market. Asia-Pacific’s major market share is attributed to the growing compound animal feed industry, rapid economic growth in the region, increasing demand for fortified food products in emerging and developing countries such as India, China, Indonesia, and Thailand, and rising investments from major players in the region. This regional market is also slated to register the fastest growth rate during the forecast period.
Some of the key players operating in the 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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Scope of the report:
Nutritional Premixes Market, by Type
- Combined Nutritional Premixes
- Vitamin Premixes
- Mineral Premixes
- Amino Acid Premixes
- Nucleotide Premixes
- Fiber Premixes
- Nutraceutical Premixes
- Other Nutritional Premixes
Nutritional Premixes Market, by Form
- Powder
- Liquid
Nutritional Premixes Market, by Application
- Animal Feed
- Poultry Feed
- Ruminant Feed
- Swine Feed
- Aqua Feed
- Other Animal Feed
- Nutrition and Health Supplements
- Dietary Supplements
- Infant Nutrition
- Sports Nutrition
- Clinical Nutrition
- Food and Beverages
- Beverages
- Milk and Milk Products
- Bakery & Confectionary
- Cereals & Snacks
- Other Food & Beverages
- Pharmaceuticals
- Other Applications
Nutritional Premixes Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
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