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The USA food premix market size is forecast to reach US$ 556 million in 2023. Between 2023 and 2033, total food premix sales in the USA are anticipated to accelerate at 8.7% CAGR, taking the overall market valuation to US$ 1,278 million by the end of 2033.
Growing adoption of food premixes in dietary supplements, baby nutrition, food & beverage, and numerous other applications is a key factor driving the USA food premix industry. Subsequently, growing trend of food fortification and availability of customized food premixes are anticipated to bolster food premix sales across the United States during the assessment period.
Food premixes are mixtures of nutrients such as vitamins, minerals, proteins, nucleotides, and trace elements that find applications across various industries. These blends provide energy, improve immunity, bone, and heart health, and facilitate brain development.
Food premixes are adopted across industries such as dietary supplements and food & beverage where they are utilized to improve the nutritional content of products. They are an ideal way to get all essential nutrients a human body needs without having to consume large quantities of food.
Over the years, food premixes have gained immense traction in food fortification as they are easy to use and help companies significantly improve nutritional content of their food items. Food fortification with micronutrients has emerged as a key tool of food manufacturing companies for increasing the intake of vitamins and minerals of public significance.
Hence, growing consumption of fortified food products across the USA due to rising focus on health and fitness and growing prevalence of deficiency diseases will continue to act as a catalyst triggering demand for food premixes across the USA.
Deficiency diseases are rising rapidly in the United States as a result of the country's growing population and sedentary lifestyles of citizens. People across the USA desire better food that is high in nutrients such as vitamins, protein, minerals, fiber, and other micronutrients rather than just food that fulfills their hunger.
As a result, there is a significant rise in demand for foods with added vitamins and minerals. To stay competitive, producers of food premixes are likewise working to improve the taste and texture.
The rising expense of healthcare, the consistent increase in living standards, and desire of older people for a better quality of life in their later years are creating high demand for healthy and nutrient-rich food products. Therefore, companies are beginning to incorporate premixes into their food products. This will positively influence food premix demand.
Key USA-based food premix manufacturers are gradually shifting their focus towards developing plant-based food premixes to walk with the trend of veganism. For instance, Prinova recently launched new plant premixes for dairy alternatives. This will bode well for the market.
Attribute | Key Insights |
---|---|
USA Food Premix Market Estimated Size (2023E) | US$ 556 million |
Projected Market Size (2033F) | US$ 1,278 million |
Value-based CAGR (2023 to 2033) | 8.7% |
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According to Future Market Insights, food premix sales across the United States recorded a CAGR of 5.2% during the historical period from 2018 to 2022. The overall market size increased from US$ 392 million in 2018 to US$ 504 million at the end of 2022.
However, for the projection period between 2023 and 2033, food premix demand in the USA market is set to rise at a robust CAGR of 8.7%, totaling a valuation of US$ 1,278 million by 2033.
Rising consumption of fortified foods and increasing popularity of preventive healthcare are few of the key factors driving the USA food premix industry.
Subsequently, growing usage of food premixes in OTC drugs, baby nutrition, and functional foods coupled with increasing demand for these products will boost food premix sales across the USA during the assessment period.
The United States is a leading manufacturer and exporter of food premix ingredients such as amino acids, nutraceuticals, proteins, minerals, vitamins, sweeteners, and others. The country is home to various prominent food premix manufacturers that are committed towards introducing novel products as well as providing customized food premix solutions.
Food premix ingredients are available in powder and liquid form and can be widely used in beverages, baby food, dietary supplements, flour fortification, sports nutrition, pharma OTC drugs, etc. Growing production and consumption of these products will therefore continue to create lucrative opportunities for food premix manufacturers across the USA.
Ready-to-Eat Food Market:
Attributes | Ready-to-Eat Food Market |
---|---|
CAGR (2023 to 2033) | 7.7% |
Market Value (2023) | US$ 1,93,860 million |
Growth Factor | Growing need for convenience to propel demand for ready-to-eat food products during the forecast period. |
Opportunity | Changing lifestyles and eating habits will create lucrative growth opportunities for ready-to-eat food manufacturers. |
Key Trends | Rising popularity of delivery and takeout services is expected to boost ready-to-eat food sales over the next ten years. |
Vegan Fast Food Market:
Attributes | Vegan Fast Food Market |
---|---|
CAGR (2023 to 2033) | 4.5% |
Market Value (2023) | US$ 18829.5 million |
Growth Factor | Rising vegan population along with increasing awareness of the benefits of a vegan diet is providing a strong impetus to the global vegan fast food market. |
Opportunity | Shift towards animal cruelty-free products and adoption of innovative packaging will create growth prospects for vegan fast food market. |
Key Trends | Substantial breakthroughs in the flavors and textures of plant-based meals and intensive celebrity endorsements are likely to present considerable growth prospects. |
Rising Demand for Fortified Foods to Boost the USA Food Premix Market
The USA food premix industry is set to register a healthy CAGR of 8.7% during the forecast period (2023 to 2033), generating significant revenues by the end of 2033.
Growing demand for fortified foods due to rising health consciousness, increasing incidence of deficiency diseases, and changing lifestyles is expected to boost food premix sales across the United States during the projection period.
Similarly, increasing popularity of functional foods, booming food & beverage sector, and large presence of leading food premix manufacturers will accelerate the expansion of the USA market over the next ten years.
Powdered Food Premixes Remain Highly Popular Among Consumers
Based on form, the USA food premix industry is categorized into powder and liquid. Among these, powder segment holds around 74% market share and it is likely to retain its dominance during the forecast period.
Growth of the target segment is attributed to rising usage of powdered food premixes across various industries due to their convenient storage and longer shelf life.
A few of the frequently consumed powder-form premix products are grain flour, dietary supplements, baby food, and nutritional food supplements which have ingredients such as vitamins, minerals, protein, nucleotides, amino acids, etc. that give good consistency to the products.
Powdered premix foods have other advantages such as packaging, flexibility, and affordability which are missing in liquid-form premix food products.
Surge in Cases of Vitamin Deficiency Diseases across the USA Pushing Vitamin Food Premix Demand
According to Future Market Insights, the vitamins segment currently holds around 28% share of the USA food premix industry and it is expected to showcase significant growth during the next ten years.
Various health authorities have raised concerns about growing micronutrient deficiencies in United States citizens. According to the US Department of Agriculture (USDA) and Centers for Disease Control and Prevention (CDC), around 70% of elderly American citizens have vitamin D deficiency while 90% of Americans have vitamin D deficiency. Similarly, 50% of United States citizens suffer from vitamin C deficiency.
The best solution for these vitamin-deficiency conditions is to consume food that is fortified with various premixes rich in vitamins. Growing usage of vitamin food premixes in various products to reduce the chances of vitamin deficiency disease development will boost the growth of the target segment during the assessment period.
Subsequently, rising consumption of vitamin supplements by people across the United States is expected to propel vitamin food premix demand over the next ten years.
Dietary Supplements to Generate Lucrative Revenues Through 2033
Based on application, dietary supplements segment dominates the USA food premix industry with a share of about 19%. This is due to rising prevalence of deficiency diseases, increasing health awareness, and the willingness to pay a premium price for healthy and nutritional diets.
Women, newborn babies, and old citizens are usually prone to nutrition deficiencies and the easy way to get away from this is by intake of the right sort of dietary supplements which are fortified with vitamins, minerals, protein, and amino acids.
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Key manufacturers of food premixes in the USA are Glanbia plc, Prinova, Archer Daniels Midland Company, Cargill Incorporated, General Mills, Watson Inc., Austrade Inc., Farbest Brands, Danone, Bunge Limited, Fenchem Biotek Ltd., Corbion N.V., Jubilant Life Sciences, SternVitamin GmbH, and LycoRed Ltd.
The involvement of big, and small players has made the USA food premix industry highly competitive. In order to gain an upper hand in the market, companies are utilizing numerous strategies including new product launches, mergers, partnerships, collaborations, and acquisitions.
Recent Developments:
Attribute | Details |
---|---|
Estimated Market Value (2023) | US$ 556 million |
Projected Market Value (2033) | US$ 1,278 million |
Anticipated Growth Rate (2023 to 2033) | 8.7% CAGR |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2023 |
Market Analysis | US$ million for Value and MT for Volume |
Key Segments Covered |
|
Key Companies Profiled |
|
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The regional market is expected to progress at 8.7% per year until 2033.
The overall market is projected to reach around US$ 1,278 million by 2033.
The powdered form segment contributes nearly 74% of the total sales achieved.
Glanbia, Prinova, Archer Daniels Midland, and Cargill fulfil more than 50% demand.
The food premixes with vitamin ingredients sale higher in the United States.
1. Executive Summary | USA Food Premix Market 1.1. USA Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Product launches & Recent Developments 3.4. Product Life Cycle Analysis 3.5. Value Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. % of Operating Margin Analysis 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Market - Pricing Analysis 3.6.1. Price Point Assessment by Form 3.6.2. Price Forecast till 2033 3.6.3. Factors affecting pricing 3.7. Forecast Factors - Relevance & Impact 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. Packaging & Labelling Regulations 3.9.2. Certifications and Certifying Agency Overview 3.9.3. Import/Export Policies 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 3.13. Consumers Survey Analysis 3.14. Macro-Economic Factors 3.15. Product Claims & Nutritional Information Scan by Buyers 4. Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis by Form, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast by Form, 2023 to 2033 5.3.1. Powder 5.3.2. Liquid 5.4. Y-o-Y Growth Trend Analysis by Form, 2018 to 2022 5.5. Absolute $ Opportunity Analysis by Form, 2023 to 2033 6. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Ingredient Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis by Ingredient Type, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast by Ingredient Type, 2023 to 2033 6.3.1. Vitamins 6.3.2. Minerals 6.3.3. Nucleotides 6.3.4. Amino Acids 6.4. Y-o-Y Growth Trend Analysis by Ingredient Type, 2018 to 2022 6.5. Absolute $ Opportunity Analysis by Ingredient Type, 2023 to 2033 7. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis by Application, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast by Application, 2023 to 2033 7.3.1. Food & Beverages 7.3.1.1. Medical Nutrition 7.3.1.2. Fortified Dairy & Beverages 7.3.1.3. Bakery Products 7.3.1.4. Sports Nutrition 7.3.2. Early Life Nutrition/ Baby Food 7.3.3. Dietary Supplements 7.3.4. Pharma OTC Drugs 7.3.5. Nutritional Improvement Programs 7.4. Y-o-Y Growth Trend Analysis by Application, 2018 to 2022 7.5. Absolute $ Opportunity Analysis by Application, 2023 to 2033 8. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Function 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis by Function, 2018 to 2022 8.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast by Function, 2023 to 2033 8.3.1. Bone Health 8.3.2. Immunity 8.3.3. Digestion 8.3.4. Energy 8.3.5. Heart Health 8.3.6. Weight Management 8.3.7. Vision Health 8.3.8. Brain Health & Memory 8.4. Y-o-Y Growth Trend Analysis by Function, 2018 to 2022 8.5. Absolute $ Opportunity Analysis by Function, 2023 to 2033 9. Market Structure Analysis 9.1. Competition Dashboard 9.2. Competition Benchmarking 9.3. Market Share Analysis of Top Players 9.3.1. By Regional 9.3.2. By Form 9.3.3. By Ingredient Type 9.3.4. By Application 9.3.5. By Function 10. Competition Analysis 10.1. Competition Deep Dive 10.1.1. Glanbia plc 10.1.1.1. Overview 10.1.1.2. Product Portfolio 10.1.1.3. Profitability by Market Segments (Form/Application/Function/Ingredient Type) 10.1.1.4. Sales Footprint 10.1.1.5. Strategy Overview 10.1.1.5.1. Marketing Strategy 10.1.1.5.2. Product Strategy 10.1.1.5.3. Channel Strategy 10.1.2. Prinova 10.1.2.1. Overview 10.1.2.2. Product Portfolio 10.1.2.3. Profitability by Market Segments (Form/Application/Function/Ingredient Type) 10.1.2.4. Sales Footprint 10.1.2.5. Strategy Overview 10.1.2.5.1. Marketing Strategy 10.1.2.5.2. Product Strategy 10.1.2.5.3. Channel Strategy 10.1.3. Archer Daniels Midland Company 10.1.3.1. Overview 10.1.3.2. Product Portfolio 10.1.3.3. Profitability by Market Segments (Form/Application/Function/Ingredient Type) 10.1.3.4. Sales Footprint 10.1.3.5. Strategy Overview 10.1.3.5.1. Marketing Strategy 10.1.3.5.2. Product Strategy 10.1.3.5.3. Channel Strategy 10.1.4. Cargill, Incorporated 10.1.4.1. Overview 10.1.4.2. Product Portfolio 10.1.4.3. Profitability by Market Segments (Form/Application/Function/Ingredient Type) 10.1.4.4. Sales Footprint 10.1.4.5. Strategy Overview 10.1.4.5.1. Marketing Strategy 10.1.4.5.2. Product Strategy 10.1.4.5.3. Channel Strategy 10.1.5. General Mills 10.1.5.1. Overview 10.1.5.2. Product Portfolio 10.1.5.3. Profitability by Market Segments (Form/Application/Function/Ingredient Type) 10.1.5.4. Sales Footprint 10.1.5.5. Strategy Overview 10.1.5.5.1. Marketing Strategy 10.1.5.5.2. Product Strategy 10.1.5.5.3. Channel Strategy 10.1.6. Watson Inc. 10.1.6.1. Overview 10.1.6.2. Product Portfolio 10.1.6.3. Profitability by Market Segments (Form/Application/Function/Ingredient Type) 10.1.6.4. Sales Footprint 10.1.6.5. Strategy Overview 10.1.6.5.1. Marketing Strategy 10.1.6.5.2. Product Strategy 10.1.6.5.3. Channel Strategy 10.1.7. Austrade, Inc. 10.1.7.1. Overview 10.1.7.2. Product Portfolio 10.1.7.3. Profitability by Market Segments (Form/Application/Function/Ingredient Type) 10.1.7.4. Sales Footprint 10.1.7.5. Strategy Overview 10.1.7.5.1. Marketing Strategy 10.1.7.5.2. Product Strategy 10.1.7.5.3. Channel Strategy 10.1.8. Farbest Brands 10.1.8.1. Overview 10.1.8.2. Product Portfolio 10.1.8.3. Profitability by Market Segments (Form/Application/Function/Ingredient Type) 10.1.8.4. Sales Footprint 10.1.8.5. Strategy Overview 10.1.8.5.1. Marketing Strategy 10.1.8.5.2. Product Strategy 10.1.8.5.3. Channel Strategy 10.1.9. Danone 10.1.9.1. Overview 10.1.9.2. Product Portfolio 10.1.9.3. Profitability by Market Segments (Form/Application/Function/Ingredient Type) 10.1.9.4. Sales Footprint 10.1.9.5. Strategy Overview 10.1.9.5.1. Marketing Strategy 10.1.9.5.2. Product Strategy 10.1.9.5.3. Channel Strategy 10.1.10. Bunge Limited 10.1.10.1. Overview 10.1.10.2. Product Portfolio 10.1.10.3. Profitability by Market Segments (Form/Application/Function/Ingredient Type) 10.1.10.4. Sales Footprint 10.1.10.5. Strategy Overview 10.1.10.5.1. Marketing Strategy 10.1.10.5.2. Product Strategy 10.1.10.5.3. Channel Strategy 10.1.11. Fenchem Biotek Ltd. 10.1.11.1. Overview 10.1.11.2. Product Portfolio 10.1.11.3. Profitability by Market Segments (Form/Application/Function/Ingredient Type) 10.1.11.4. Sales Footprint 10.1.11.5. Strategy Overview 10.1.11.5.1. Marketing Strategy 10.1.11.5.2. Product Strategy 10.1.11.5.3. Channel Strategy 10.1.12. Corbion N.V. 10.1.12.1. Overview 10.1.12.2. Product Portfolio 10.1.12.3. Profitability by Market Segments (Form/Application/Function/Ingredient Type) 10.1.12.4. Sales Footprint 10.1.12.5. Strategy Overview 10.1.12.5.1. Marketing Strategy 10.1.12.5.2. Product Strategy 10.1.12.5.3. Channel Strategy 10.1.13. Jubilant Life Sciences 10.1.13.1. Overview 10.1.13.2. Product Portfolio 10.1.13.3. Profitability by Market Segments (Form/Application/Function/Ingredient Type) 10.1.13.4. Sales Footprint 10.1.13.5. Strategy Overview 10.1.13.5.1. Marketing Strategy 10.1.13.5.2. Product Strategy 10.1.13.5.3. Channel Strategy 10.1.14. SternVitamin GmbH 10.1.14.1. Overview 10.1.14.2. Product Portfolio 10.1.14.3. Profitability by Market Segments (Form/Application/Function/Ingredient Type) 10.1.14.4. Sales Footprint 10.1.14.5. Strategy Overview 10.1.14.5.1. Marketing Strategy 10.1.14.5.2. Product Strategy 10.1.14.5.3. Channel Strategy 10.1.15. LycoRed Ltd. 10.1.15.1. Overview 10.1.15.2. Product Portfolio 10.1.15.3. Profitability by Market Segments (Form/Application/Function/Ingredient Type) 10.1.15.4. Sales Footprint 10.1.15.5. Strategy Overview 10.1.15.5.1. Marketing Strategy 10.1.15.5.2. Product Strategy 10.1.15.5.3. Channel Strategy 11. Assumptions & Acronyms Used 12. Research Methodology
Table 1: Market Value (US$ Million) Forecast by Form, 2018 to 2033 Table 2: Market Volume (MT) Forecast by Form, 2018 to 2033 Table 3: Market Value (US$ Million) Forecast by Ingredient Type, 2018 to 2033 Table 4: Market Volume (MT) Forecast by Ingredient Type, 2018 to 2033 Table 5: Market Value (US$ Million) Forecast by Application, 2018 to 2033 Table 6: Market Volume (MT) Forecast by Application, 2018 to 2033 Table 7: Market Value (US$ Million) Forecast by Function, 2018 to 2033 Table 8: Market Volume (MT) Forecast by Function, 2018 to 2033 Table 9: Market Value (US$ Million) Forecast by Form, 2018 to 2033 Table 10: Market Volume (MT) Forecast by Form, 2018 to 2033 Table 11: Market Value (US$ Million) Forecast by Ingredient Type, 2018 to 2033 Table 12: Market Volume (MT) Forecast by Ingredient Type, 2018 to 2033 Table 13: Market Value (US$ Million) Forecast by Application, 2018 to 2033 Table 14: Market Volume (MT) Forecast by Application, 2018 to 2033 Table 15: Market Value (US$ Million) Forecast by Function, 2018 to 2033 Table 16: Market Volume (MT) Forecast by Function, 2018 to 2033
Figure 1: Market Value (US$ Million) by Form, 2023 to 2033 Figure 2: Market Value (US$ Million) by Ingredient Type, 2023 to 2033 Figure 3: Market Value (US$ Million) by Application, 2023 to 2033 Figure 4: Market Value (US$ Million) by Function, 2023 to 2033 Figure 5: Market Value (US$ Million) Analysis by Form, 2018 to 2033 Figure 6: Market Volume (MT) Analysis by Form, 2018 to 2033 Figure 7: Market Value Share (%) and BPS Analysis by Form, 2023 to 2033 Figure 8: Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033 Figure 9: Market Value (US$ Million) Analysis by Ingredient Type, 2018 to 2033 Figure 10: Market Volume (MT) Analysis by Ingredient Type, 2018 to 2033 Figure 11: Market Value Share (%) and BPS Analysis by Ingredient Type, 2023 to 2033 Figure 12: Market Y-o-Y Growth (%) Projections by Ingredient Type, 2023 to 2033 Figure 13: Market Value (US$ Million) Analysis by Application, 2018 to 2033 Figure 14: Market Volume (MT) Analysis by Application, 2018 to 2033 Figure 15: Market Value Share (%) and BPS Analysis by Application, 2023 to 2033 Figure 16: Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033 Figure 17: Market Value (US$ Million) Analysis by Function, 2018 to 2033 Figure 18: Market Volume (MT) Analysis by Function, 2018 to 2033 Figure 19: Market Value Share (%) and BPS Analysis by Function, 2023 to 2033 Figure 20: Market Y-o-Y Growth (%) Projections by Function, 2023 to 2033 Figure 21: Market Attractiveness by Form, 2023 to 2033 Figure 22: Market Attractiveness by Ingredient Type, 2023 to 2033 Figure 23: Market Attractiveness by Application, 2023 to 2033 Figure 24: Market Attractiveness by Function, 2023 to 2033 Figure 25: Market Value (US$ Million) by Form, 2023 to 2033 Figure 26: Market Value (US$ Million) by Ingredient Type, 2023 to 2033 Figure 27: Market Value (US$ Million) by Application, 2023 to 2033 Figure 28: Market Value (US$ Million) by Function, 2023 to 2033 Figure 29: Market Value (US$ Million) Analysis by Form, 2018 to 2033 Figure 30: Market Volume (MT) Analysis by Form, 2018 to 2033 Figure 31: Market Value Share (%) and BPS Analysis by Form, 2023 to 2033 Figure 32: Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033 Figure 33: Market Value (US$ Million) Analysis by Ingredient Type, 2018 to 2033 Figure 34: Market Volume (MT) Analysis by Ingredient Type, 2018 to 2033 Figure 35: Market Value Share (%) and BPS Analysis by Ingredient Type, 2023 to 2033 Figure 36: Market Y-o-Y Growth (%) Projections by Ingredient Type, 2023 to 2033 Figure 37: Market Value (US$ Million) Analysis by Application, 2018 to 2033 Figure 38: Market Volume (MT) Analysis by Application, 2018 to 2033 Figure 39: Market Value Share (%) and BPS Analysis by Application, 2023 to 2033 Figure 40: Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033 Figure 41: Market Value (US$ Million) Analysis by Function, 2018 to 2033 Figure 42: Market Volume (MT) Analysis by Function, 2018 to 2033 Figure 43: Market Value Share (%) and BPS Analysis by Function, 2023 to 2033 Figure 44: Market Y-o-Y Growth (%) Projections by Function, 2023 to 2033 Figure 45: Market Attractiveness by Form, 2023 to 2033 Figure 46: Market Attractiveness by Ingredient Type, 2023 to 2033 Figure 47: Market Attractiveness by Application, 2023 to 2033 Figure 48: Market Attractiveness by Function, 2023 to 2033
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