The Nutritional Premixes Market is expected to grow at a CAGR during the forecasting period (2022-2029).
Dietary premixes are nutrient blends that assist the food product manufacturer in the fortification of food products and supplements.
These customized mixtures are used in various applications including infant nutrition, food and beverages, dietary supplements, pharmaceutical, and Petfoods.
Innovation is one of the primary drivers of the market as premix providers need to enhance their technical and formulation capabilities according to the evolving needs of the nutrition industry. Also, increasing the cost of healthcare products globally is making consumers opt for dietary products with high nutritional value.
This type of dietary food product is produced through the use of nutritional premixes.
Further, the Aging population, growing consumption of health supplements, and expanding applications of vitamin D in functional food are poised to fuel the nutritional premixes market.
The global nutritional premixes market is segmented by form type, by Ingredients, and by Application. Based on the form type, the market is segmented into powder and liquid. Based on the ingredients type, the market is segmented into vitamins, minerals, amino acids, nucleotides, and others (botanicals).
Further, based on the Application, the market is classified into infant nutrition, food & beverages, dietary supplements, pharmaceuticals, and others (pet food). The Food & Beverages industry accounts for the largest segment of the global nutritional premixes market.
These industries are known to be at the forefront of premix development and contribute towards maximum revenue growth of the nutritional premixes market over the forecast period.
Geographically, the global nutritional premixes market is segmented into Asia-Pacific, North America, Europe, South America, and RoW. Among all the regions, Asia-Pacific is estimated to be the fastest-growing region owing to various factors such as the growing compound animal feed industry, increasing demand for fortified food products, and rising investments from major players in the area.
Additionally, developed regions such as North America and Europe account for a significant share of the global nutritional premix market. The increased consumer demand for vitamins and fortified food is expected to significantly influence the demand for dietary premixes market in these regions.
The global nutritional premixes market products are fragmented with a large number of local and international players. However, Some of the most important manufacturers and suppliers of the dietary premixes are Hexagon Nutrition Pvt. Ltd., Watson Inc., Corbion N.V., Vitablend Netherlands BV., DSM, Jubilant Life Sciences Limited, LycoRed Limited, SternVitamin GmbH Co., Wright Enrichment Inc, and Prinova Group LLC.
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