REDDING, Calif., July 15, 2024 /PRNewswire/ -- According to a
new market research report titled, 'Nutritional Premixes
Market Size, Share, Forecast, & Trends Analysis by Type
(Combined Nutritional, Vitamin Premixes); by Form (Powder, Liquid);
by Application (Animal Feed {Aqua, Swine, Poultry Feed}, Food &
Beverage {Beverages})- Global Forecasts to 2031', the
nutritional premixes market is projected to reach $17.75 billion by 2031, at a CAGR of 5.0% from
2024–2031.
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A nutritional premix is a customized blend wherein nutrient
components are precision blended for use in food & beverage,
animal feed, healthcare, and personal care applications to enrich,
fortify, and enhance the nutritional value of products. The growing
demand for nutritional products, the growing global population, and
the need to prevent animal disease outbreaks drive the demand for
nutritional premixes.
In recent years, the nutritional premixes market has witnessed
several product launches, expansions, mergers & acquisitions,
and partnerships, agreements, and collaborations. The key players
operating in the market are Koninklijke DSM N.V. (Netherlands), Glanbia Plc (Ireland), BASF SE (Germany), Corbion N.V. (Netherlands), Archer-Daniels-Midland Company
(U.S.), Cargill, Incorporated (U.S.), SternVitamin GmbH & Co.
KG (Germany), Vitablend Nederland
B.V. (Netherlands), Hellay
Australia Pty. Ltd. (Australia),
Nutreco N.V. (Netherlands),
Farbest-Tallman Foods Corporation (U.S.), Jubilant Ingrevia Limited
(India), and Cooperative Royal
Agrifirm U.A. (Netherlands).
The nutritional premixes market is segmented by type, form,
application, and geography.
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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, and other
nutritional premixes. The combined nutritional premixes segment is
projected to register the highest CAGR during the forecast period.
The growth of the segment is attributed to consumers' increasing
preference for blends of different functional ingredients,
increasing demand for fortified feed & food products, and the
multiple nutritional benefits offered by custom premix blends for
humans & animals.
Based on form, the nutritional premixes market is segmented into
powder and liquid form. In 2024, the powder form segment is
expected to account for the larger share of 86% of the
nutritional premixes market. The large market share of this segment
is attributed to the benefits of nutritional premixes in powder
form, such as better homogeneity, ease of handling &
transportation, and lower costs compared to nutritional premixes in
liquid form. However, the liquid form segment is projected to
register the highest CAGR during the forecast period.
Based on application, the nutritional premixes market is
segmented into animal feed, nutrition & health supplements,
food & beverages, and other applications. In 2024, the animal
feed segment is expected to account for the largest share of
85.3% of the nutritional premixes market. The segment's
large market share is mainly attributed to the rapidly growing
livestock industry, the increasing adoption of nutritional premixes
due to the ban on the use of antibiotic growth promoters in animal
feed, increasing global meat consumption, and rising awareness
regarding animal welfare.
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However, the food & beverages segment is expected to
register the highest CAGR of 6.9% during the forecast period
of 2024–2031. The rapid growth of this segment is driven by the
multitude of functional benefits offered by nutritional premixes,
the rising demand for fortified food & beverages, the
increasing adoption of healthy & nutrition-rich diets, and
increased investments and expansions in the functional food &
beverages industry.
Based on geography, the nutritional premixes market is segmented
into five major regions, namely North
America, Europe,
Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the
largest share of 35.4% of the nutritional premixes market,
followed by North America and
Europe. The nutritional premixes
market in Asia-Pacific is expected to reach $4.46 billion in 2024. Asia-Pacific's major market share is
attributed to the region's growing compound animal feed industry,
increasing demand for fortified food products, rising investments
from major players, and growing health & wellness trends.
Moreover, rapid urbanization and economic growth in countries
including China, Japan, and India are further expected to support the
growth of this market during the forecast period.
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Scope of the Report:
Nutritional Premixes Market Assessment—by Type
- Combined Nutritional Premixes
- Vitamin Premixes
- Mineral Premixes
- Amino Acid Premixes
- Nucleotide Premixes
- Fiber Premixes
- Other Nutritional Premixes
Nutritional Premixes Market Assessment—by Form
Nutritional Premixes Market Assessment—by
Application
- Animal Feed
- Poultry Feed
- Ruminant Feed
- Swine Feed
- Aqua Feed
- Other Animal Feeds
- Food & Beverages
- Beverages
- Dairy Products
- Bakery & Confectionary
- Cereals & Snacks
- Infant Foods
- Other Food & Beverage Products
- Nutrition and Health Supplements
- Other Applications
Nutritional Premixes Market Assessment—by
Geography
- North America
- Europe
- Spain
- Germany
- Russia
- U.K.
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
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Related Reports:
Bakery Premixes Market by Type (Complete Mix, Dough Concentrate,
Dough Base); Category (Conventional, Gluten-free); Application
(Bread Products, Cakes & Pastries, Pancakes, Muffins, Biscuits
& Cookies, Other Bakery Products) - Global Forecasts to
2029
Vitamin and Mineral Premixes Market by Type (Vitamin, Mineral),
Form (Liquid), Application (Nutritional & Health Supplements
{Clinical Nutrition}, Food & Beverages {Beverages, Dairy
Products}, Pharmaceuticals) and Geography - Global Forecast to
2029
Food Premix Market by Type (Multiple Micronutrient Premixes,
Vitamin Premixes, Mineral Premixes, Amino Acid Premixes), Form
(Powder, Liquid), Application (Health Supplements, Food &
Beverages, Pharmaceutical) - Global Forecast to 2030
Feed Premix Market by Type (Combination Premixes, Vitamin
Premix, Mineral Premix, Amino Acid Premix, Nucleotide Premix,
Nutraceutical Premix), Form (Powder and Liquid), Application
(Ruminant Feed, Swine Feed, Aqua Feed) — Global Forecasts to
2028
Animal Protein Ingredients Market by Type (Dairy Protein (Milk
Protein, Whey Protein, Casein Protein), Egg Protein, Gelatin) and
Application (Food and Beverages, Animal Feed, Nutritional
Supplements, Pharmaceuticals) - Global Forecast to 2027
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