Increasing need for food fortification together with growing demand for fortified custom premixes will drive sales of the food premixes globally, in the near future. Flexible usage of food premix as vitamins in various applications will contribute significantly towards the growth of global market. Increasing incidences of malnutrition is further expected to drive the sales of food premixes worldwide.
A recent study by Future Market Insights estimates a healthy 5.4% CAGR growth of the global market for food premix over the period, 2017-2027. Developing effective and valuable food premix for the end-users will be a significant trend driving the growth of food premix in the forthcoming years. The study further provides important landscapes for the growth of global food premix market in the near future.
The analysts involved in the making of this report have delivered essential insights on how global market for food premix will expand through 2027. Furthermore, analysts have answered to the important concerns of the industry stakeholders and market viewers.
What according to you are the major factors driving the global market for food premix?
Well, according to me, malnutrition is the key factor that is driving the global market growth. For that matter, healthy-looking people also experience malnourishment due to incomplete diet, which is non-inclusion of right micronutrients, leading to crucial heath issues.
What do you have to say about the regions in global market for food premix?
North America holds the lion’s share in global market for food premix. However, China is expected to display a considerable 7.2% CAGR during the forecast period. China, APEC, Western Europe and North America collectively will account for a significant 78% revenue share of the global market.
Why are nutrient premixes in demand amongst the infant nutrition manufacturers?
Demand for nutrient premixes are increasing constantly amongst the infant nutrition manufacturers due to increasing inclination for nutritional fortification of baby food and infant formula products.
Can you justify as to why be there increasing need for food fortification?
As far as I know, there is increasing need for food fortification, particularly in terms of vegetable oil, recently because a large number of populace are suffering from micronutrient deficiency disorders. Moreover, deficiency of micronutrients in the food can lead to crucial ways of malnutrition.
What are manufacturers and regulatory bodies planning to do for the growth of the market?
FSSAI (food safety and standards authority of India) has issued a set of criteria, which is focused on consensus-building and awareness. Manufacturers are taking initiatives to add premix of micronutrients for launching fortifies foods. Worldwide, compared to men, women are suffering from iron deficiency.
Can you name the major players in the global market for food premix?
Yes. I certainly can. Our analysts have enlisted The Glanbia plc, Hexagon Nutrition Pvt. Ltd., Archer Daniel Midland Company, Farbest Brands, SternVitamin GmbH & Co. KG, BASF SE, Koninklijke DSM N.V., LycoRed Limited, Jubilant Life Sciences, Barentz International B.V., Fenchem Biotek Ltd., Watson Inc. and Prinova Group LLC as the major players in the global market for food premix. By introducing innovative food premix, the major players are working towards attaining a competitive position in the global market for food premix.
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