The food premix market was valued at 7.2 billion USD globally in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2034. The industry is expanding significantly in emerging nations as a result of growing disposable income and a health-conscious populace. Food premixes come in liquid and powder form. They support immunity, promote bone health, provide digestive enzymes, and more.

Demand for fortified foods and drinks is rising as a result of consumers' growing desire for functional meals and beverages that provide health advantages beyond simple nourishment. In an effort to address certain health issues, people are adding nutrient-rich premixes to their diets as a result of growing health consciousness.

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Growth Drivers

The market for food premixes is growing as people choose dietary supplements and fortified meals to avoid deficiencies and preserve their health as part of a shift towards preventative healthcare. Easy-to-use premixes have become popular due to the modern lifestyle's demand for convenience. In order to accommodate different dietary requirements, producers are also providing personalized premix choices.

The demand for fortified infant foods has increased due to increased parental awareness of the value of early nutrition, which has fueled market expansion. The use of premixes in staple foods has been fueled by initiatives to improve food fortification and fight malnutrition and micronutrient deficiencies. The market is expanding rapidly due to rising demand for functional meals, dairy products, drinks, and dietary supplements.

Segmentation

By Type

·         Vitamins

·         Minerals

·         Hydrocolloids

By Applications

·         Dietary Supplements

·         Beverages

·         Dairy Products

·         Bakery Products

·         Others

By Region

·         Asia Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Key Players

·         SternVitamin GmbH

·         Koninklijke DSM N.V.

·         Barentz International B.V.

·         Hexagon Nutrition Pvt. Ltd.

·         Farbest-Tallman Foods Corporation

·         Archer Daniels Midland Company

·         Cargill, Incorporated

·         BASF SE

·         Glanbia Plc

·         Corbion NV

·         Other Players

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