Report Code: A15472 | Pages: NA | Jul 2023 | 1039 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Food Premix Market
Request Now !Food premixes are a complex blend of vitamins, minerals, and other critical components used in food fortification and supplement products that are custom-designed. Optimum meal premixes are produced scientifically to meet the specified standards for health and wellness. Malnutrition and serious health problems can result from a lack of micronutrients in the proper amounts in the diet. Manufacturers are now offering online platforms for consumers to develop their own food premixes in order to expand their customer base. The food premix market is expected to expand over the projected period, owing to factors such as rising cases of malnutrition among the ageing population and rising individual concerns for nutrition-rich food. Other important reasons driving demand for the food premix industry are food fortification and newborn nutrition products.
COVID-19 Impact analysis
Top Impacting Factors
Market Trends
Demand for fortified foods is on the rise
The addition of vital elements such amino acids, minerals, vitamins, and nucleotides has resulted in a rise in customer preference for fortified foods. Food manufacturing firms that are involved in the creation of modified blends of minerals and vitamin premixes used in a wide range of applications, such as dietary supplements, clinical nutrition and infant nutrition products are introducing unique and developed premix products. According to a study done by the International Food Information Council Foundation on Food and Health, 47 percent of customers choose foods that have additional nutrients.
Fortified meals are largely used to compensate for nutrient deficiency and cover nutritional gaps. Furthermore, businesses are developing their own nutrient-fortified premixes. Because of the widespread use of fortified premixes in the food and beverage industry, Asia-Pacific has seen significant growth. In the functional food market, countries like New Zealand and India are likely to develop at double-digit rates in the coming years. Fortification of dairy and pastry goods is projected to be one of the major driving forces behind the global growth of the food premixes industry.
India is the Asian region's fastest-growing market
The demand for various premixes has increased in Asian countries such as India, Australia, China, and others as a result of strong food fortification activities and expanding exports of animal-based food items.
The exponential development in compound feed production, in which premixes play a crucial role, is also assisting the Asian premix industry's expansion. Premixes of excellent quality and consistency are increasingly sought by major poultry integrators.
Companies like Cargill have set out to grow their manufacturing and distribution bases in India in response to such market trends. Nevoia, a French animal nutrition company, announced a partnership with Evialis India in May 2016 to create and provide premixes for premium shrimp feed production in India. Rising middle-class income, an increase in the number of dual-income families, and increased urbanization have resulted in greater meat consumption and, as a result, higher demand for feed premixes, with chicken being the most popular meat segment in India. Farmers are being forced to utilize premix in their feed to boost productivity at lower prices due to increased costs of vital raw materials for livestock production and competition from the food and biofuel industries.
Key Benefits of the Report
Questions answered in the Report
Food Premix Market Report Highlights
Aspects | Details |
---|---|
By Type |
|
By Form |
|
By Application |
|
By Region |
|
Key Market Players | Wright Enrichment Inc., Farbest-Tallman Foods Corporation, International Sdn. Bhd., SternVitamin GmbH & Co. KG, Vitablend, DPO, Glanbia plc, Corbion N.V., Koninklijke DSM N.V., Chemische Fabrik Budenheim KG, Watson Inc. |
Loading Table Of Content...
Start reading.
This Report and over 54,639+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers