Nutritional Premixes Market is anticipated to hit $1.7 billion by 2023 at a CAGR of 5.7%
Americas held the largest market share in the Nutritional Premixes Market
Americas region holds the largest market share and growth in the Nutritional Premixes Market, and is anticipated to reach $922.6 million by 2023 at a CAGR of 6.2%. Americas Nutritional Premixes Market is mainly driven by the Awareness of the benefits of a healthier food and lifestyle. The key applications in this region include infant nutrition, clinical nutrition, beverages, dairy products, bakery & confectionary, and Nutraceuticals Supplements among others.
Selected Value Chain Analysis done in the full report
- In the value chain of nutritional premixes market, various stakeholders are involved and play various roles to deliver the final product to the end consumers.
- The concept of nutritional premixes value chain includes a full range of activities and participants involved in moving raw materials from producers to end consumers.
- Nutrients such as minerals, vitamins and other micro compounds form an important part of functional foods, beverages as well as nutritional products.
- In Nutrient Premixes, the blends of vital nutrients are added to these products to enhance their nutritional value.
- Fortified food and beverage manufactures have increasingly preferred the premixes over bulk ingredients, mainly due to the economic and functional benefits offered by the premixes.
- In addition, technological advancements have enabled the premix suppliers to offer customized blends according to the nutritional requirements of the food and dietary products.
- Premixes have been gaining popularity in the food industry as a cost-effective and efficient solution for sourcing and fortification of nutrients.
- Premix manufacturers procure bulk nutrients separately and blend them according to the desired nutritional structure of compounds in the food product.
- Premix providers consider various compatibility parameters like desired specifications, allowable overages, interactions between several nutrients, production losses, interaction of nutrients with other food ingredients, particle-size distribution and stability of the ingredient in the production chain to decide on the formulation of the premix, its form (powder or liquid) and packaging.
- Fortification of these premixes is a flexible and easy process as compared to that of individual bulk ingredients which often lead to high inventory costs, production losses and supply chain inefficiencies.
- The supply chain dynamics of this market is highly dependent on consumer perception, awareness and needs related to specific health issues.
- Nutritional premixes use in confectionary industry has been growing considerably in the recent years, especially in the developed nations.
- Sugar free candies and sweet products which offer specific nutritional value and health benefits are set to enhance the market growth of nutritional premixes for bakery and confectionary.
Excerpts on Market Growth Factors
- The nutritional premixes industry is in the growth stage in developed nations, whereas in developing nations the industry is nascent.
- Innovation is one of the major drivers of the market as premix providers need to enhance their technical and formulation capabilities according to evolving needs of nutrition industryVitamin premixes is the major segment in terms of type of nutritional premixes, which has accounted for 30% of the overall market revenue. Vitamin premixes market is estimated to continue its dominance in the coming years, growing at a CAGR of 5.0% during the forecast period, owing to widening application base.
- The growing number of consumers seeking proactive health solutions to avoid negative pharmaceutical interventions is a huge market to cater.
- The global Nutraceuticals market has been witnessing vigorous growth driven by high consumer demand and comparatively low regulatory hurdles.
- Growing demand for Nutraceutical supplements are facilitating easy expansion of the food companies.
- Nutraceutical Ingredients Market: Type (Amino Acids, Peptides, Proteins, Carotenoids, Minerals, Probiotics, Others) Application (Functional food & Beverage, Dietary Supplement, Animal Nutrition, Personal Care)-Forecast (2018-2023)
- Specialty Food Ingredients Market: By Type (Flavors, Colors, Enzymes & Others); By Application (Beverages, Dairy Products, Meet Products & Others); By Geography (North America, Europe, Asia-Pacific & RoW) - Forecast(2018 - 2023)