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% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
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% |
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
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.
In this section, the global food premix market is compared to the customized premix industry and the plant-based premix market based on growth factors and key trends. This will help players to get a better understanding of the market scenario.
The global plant-based premix industry is expected to grow at a higher CAGR during the forecast period. Factors like rising veganism and increasing demand for plant-based products will likely drive market growth.
Rising trend nutritional fortification is expected to provide impetus for the food premix market growth. Through food premixes, companies are able to market products containing nutrients like antioxidants, prebiotics, probiotics, and plant-based extracts.
Global Food Premix Market Analysis:
Attributes | Global Food Premix Market Forecast |
---|---|
CAGR (2024 to 2034) | 5.2% |
Growth Factor | Application of food premixes growing by leaps and bounds in food and beverage sector. |
Trends in Food Premix Market | A key growth-shaping trend is the growing interest in fortification of staple food products. |
Global Customized Premix Market Analysis:
Attributes | Customized Premix Industry Outlook |
---|---|
CAGR (2024 to 2034) | 6.1% |
Growth Factor | Growing demand for functional and fortified food products is expected to boost growth of the customized premix industry. |
Global Customized Premix Market Trend | Increasing vegan and vegetarian trends will likely create demand for customized premixes with vegan ingredients and meat substitutes. |
Global Plant-based Premix Market Analysis:
Attributes | Plant-based Premix Industry Outlook |
---|---|
CAGR (2024 to 2034) | 8.0% |
Growth Factor | Increasing demand for plant-based products and personal nutrition solutions is expected to boost growth of the vegan premix market |
Key Plant-based Premix Market Trends | A key growth-shaping trend is the rising veganism globally. |
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
Explore Food and Beverage Insights
View Reports