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Redding, California - July 10, 2024

Nutritional Premixes Market to be Worth $17.75 Billion by 2031

Nutritional Premixes Market Size, Share, Forecast, & Trends Analysis by Type (Combined Nutritional, Vitamin Premixes), Form (Powder, Liquid), Application (Animal Feed {Aqua, Swine, Poultry Feed}, Food & Beverage {Beverages}) – Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Nutritional Premixes Market Size, Share, Forecast, & Trends Analysis by Type (Combined Nutritional, Vitamin Premixes), Form (Powder, Liquid), Application (Animal Feed {Aqua, Swine, Poultry Feed}, Food & Beverages {Beverages}) - Global Forecast to 2031.’

According to this latest publication from Meticulous Research^®, in terms of value, the nutritional premixes market is projected to reach $17.75 billion by 2031, at a CAGR of 5% from 2024–2031. The growth of the nutritional premixes market is driven by the growing health & wellness trends, the changing food landscape, the increasing demand for fortified food products, the convenience of nutritional premixes, and the rising demand for compound animal feed. However, regulatory structure and intervention and technical problems faced during the storage and handling of nutritional premixes restrain the growth of this market. Additionally, the growing demand for nutrition from the expanding middle-class populations in emerging economies is expected to create growth opportunities for the players operating in the nutritional premixes market.

Key Players

The key players operating in the nutritional premixes market are Koninklijke DSM N.V. (Netherlands), Glanbia Plc (Ireland), BASF SE (Germany), Corbion N.V. (Netherlands), Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), SternVitamin GmbH & Co. KG (Germany), Vitablend Nederland B.V. (Netherlands), Hellay Australia Pty. Ltd. (Australia), Nutreco N.V. (Netherlands), Farbest-Tallman Foods Corporation (U.S.), Jubilant Ingrevia Limited (India), and Cooperative Royal Agrifirm U.A. (Netherlands).

The nutritional premixes market is segmented by type, form, application, and geography.

Based on type, the nutritional premixes market is segmented into combined nutritional premixes, vitamin premixes, mineral premixes, amino acid premixes, nucleotide premixes, fiber premixes, and other nutritional premixes. In 2024, the combined nutritional premixes segment is expected to account for the largest share of 29.0% of the nutritional premixes market. The segment’s large share is attributed to consumers’ increasing preference for blends of different functional ingredients, multiple nutritional benefits offered by custom premix blends for humans & animals, and the increasing demand for fortified feed and food products. Moreover, the combined nutritional premixes segment is also expected to register the highest CAGR during the forecast period of 2024–2031.

Based on form, the nutritional premixes market is segmented into powder form and liquid form. The liquid segment is expected to register a higher CAGR during the forecast period. The growth of the liquid nutritional premixes segment is driven by factors such as increased application areas, constant and specification-oriented quality, no investment in equipment for dissolving, filtering, and pasteurization, shorter lead times, and increased product shelf life, homogeneous blends with virtually no segregation, and high microbiological stability.

Based on application, the nutritional premixes market is segmented into animal feed, nutrition & health supplements, food & beverages, and other applications. In 2024, the animal feed segment is expected to account for the largest share of 85.3% of the nutritional premixes market. The segment’s large market share is mainly attributed to the rapidly growing livestock industry, the increasing adoption of nutritional premixes due to the ban on the use of antibiotic growth promoters in animal feed, increasing global meat consumption, and rising awareness regarding animal welfare. However, the food & beverages segment is expected to register the highest CAGR of 6.9% during the forecast period of 2024–2031.

Based on geography, the nutritional premixes market is segmented into five major regions, namely North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of 35.4% of the nutritional premixes market, followed by North America and Europe. The nutritional premixes market in Asia-Pacific is expected to reach $4.46 billion in 2024. Asia-Pacific’s major market share is attributed to the region’s growing compound animal feed industry, increasing demand for fortified food products, rising investments from major players, and growing health & wellness trends. Moreover, rapid urbanization and economic growth in countries including China, Japan, and India are further expected to support the growth of this market during the forecast period.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=3864

Key Questions Answered in the Report:

What is the current revenue generated by nutritional premixes globally?
At what rate is the global nutritional premixes demand projected to grow for the next 5–7 years?
What are the historical market sizes and growth rates of the nutritional premixes market?
What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?
Which segments in terms of type, form, and application are expected to create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the nutritional premixes market?
Who are the major players in the nutritional premixes market? What are their specific product offerings in this market?
What are the recent strategic developments in the nutritional premixes market? What are the impacts of these strategic developments on the market?

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Redding, California - July 10, 2024

Nutritional Premixes Market to be Worth $17.75 Billion by 2031

Nutritional Premixes Market Size, Share, Forecast, & Trends Analysis by Type (Combined Nutritional, Vitamin Premixes), Form (Powder, Liquid), Application (Animal Feed {Aqua, Swine, Poultry Feed}, Food & Beverage {Beverages}) – Global Forecast to 2031

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