Food Premix Market by Type (Multiple Micronutrient Premixes, Vitamin Premixes, Mineral Premixes, Amino Acid Premixes), Form (Powder, Liquid), Application (Health Supplements, Food & Beverages, Pharmaceutical) - Global Forecast to 2030

The Food Premix Market is expected to reach $2.93 billion by 2030, at a CAGR of 6.9% during the forecast period of 2023 to 2030.

The growth of this market is attributed to the rising health & wellness trend, the increasing demand for fortified food products, the convenience in usage offered by food premixes as a single ingredient over multiple ingredients, and the increasing number of individuals with micronutrient deficiencies. Additionally, the growing demand for nutrition from the expanding middle-class population in emerging economies offers significant growth opportunities for food premix manufacturers. However, regulatory structure & intervention and technical problems during storage and handling restrain the market’s growth.

Growing Health and Wellness Trend

Well-being is becoming a global movement as consumers seek to ensure healthy lives for as long as possible—particularly as average lifespans continue to rise. Rapid diet and lifestyle changes have occurred with industrialization, urbanization, economic development, and globalization over the past decade. While living standards have improved, food availability has expanded and diversified. Access to services has increased, and there have also been significant negative consequences in terms of inappropriate dietary patterns, decreased physical activities, and a corresponding increase in diet-related chronic diseases. These factors have increased the demand for innovative health & wellness products and services. According to the Global Wellness Institute (GWI) (2021), the global wellness industry grew by 18.9% from $3.7 trillion to $4.4 trillion between 2015 and 2020, making it one of the world’s fastest-growing markets. GWI projects the wellness economy to reach nearly $7.0 trillion by 2025 with a 9.9% average annual growth.

The key macro-environmental trends contributing to an increased focus on health and wellness are an aging global population, rising chronic-disease rates, a rise in self-care, treatment & prevention, and increasingly educated & connected consumers. In addition, growing health awareness has increased demand for food products that support better health, especially low-fat, cholesterol, protein-rich, and weight-control products. As a result, the number of food products containing food premixes has grown significantly in recent years. Furthermore, “all-natural” and “clean label” trends within the food & beverage markets increase the demand for natural ingredients, such as food premixes from the food industry to produce natural and clean label products.

Thus, the changing food preferences and increasing health consciousness among consumers drive the global demand for food premixes.

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Demand for Nutrition from Expanding Middle-Class Population in Emerging Economies to Drive Market Growth

Over the recent years, many emerging economies in Southeast Asia, the Middle East & Africa, and Latin America have seen fast and significant changes in food consumption levels and patterns. The increasing urbanization and population growth in Asia and Africa contribute significantly to the demand for food premixes in these emerging markets. Due to urbanization, consumers in urban areas are exposed to a much wider choice and better availability of nutritional or functional food products than those living in rural areas. According to the UN DESA’s (United Nations Department of Economic and Social Affairs) population division, India, China, and Nigeria are expected to register the largest urban growth. These three countries are expected to account for 37% of the projected growth of the world’s urban population between 2014 and 2050. By 2050, India is projected to add 404 million urban dwellers, China (292 million), and Nigeria (212 million). In addition, factors such as increasing health & wellness trend, the growing popularity of western culture, rising living standards, demand for functional food, and increased per capita income are expected to drive the demand for food premixes in these countries.

Furthermore, rising industrialization in Asian countries has driven investments from multinational companies. Food premixes manufacturers are interested in expanding their businesses in Asia due to the availability of cheap labor, increasing foreign investments, abundant availability of raw material, and increasing adoption of food premixes for various applications in food, beverages, feed, and health supplement industries. Thus, growing health consciousness, urbanization, population growth, and increasing industrialization in Asia, Africa, and Latin America are expected to offer significant growth opportunities for companies operating in the food premix market.

Key Findings in the Global Food Premix Market Study:

In 2023, the multiple micronutrients premixes segment is expected to account for the largest share of the food premix market

Based on type, the food premix market is segmented into multiple micronutrients premixes, vitamin premixes, mineral premixes, amino acid premixes, nucleotide premixes, fiber premixes, nutraceutical premixes, and other food premixes. In 2023, the multiple micronutrients premixes segment is expected to account for the largest share of the food premix market. The large market share of this segment is attributed to factors such as the increasing demand for processed food and health supplements to reduce nutritional deficiencies and the rising number of people with nutritional deficiencies. This segment is also slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the increasing demand for multiple micronutrients premixes from the infant food products and dietary supplement industries.

In 2023, the powder segment is expected to account for the largest share of the food premix market

Based on form, the food premix market is segmented into powder and liquid. In 2023, the powder segment is expected to account for the largest share of the food premix market. The large market share of this segment is attributed to the benefits offered by powdered premixes over liquid premixes, such as better homogeneity, ease of use & transportation, and better stability. However, the liquid segment is expected to register the highest CAGR during the forecast period due to the increasing demand from beverage manufacturers. Liquid premix blends help to create new products with greater ease. In product manufacturing, liquid food premixes help to improve viscosity, mouthfeel, product stability, texture, shelf life, taste, and visual aspect.

In 2023, the nutrition and health supplement segment is expected to account for the largest share of the food premix market

Based on application, the food premix market is segmented into nutrition and health supplements, food & beverages, pharmaceuticals, and other applications. In 2023, the nutrition and health supplement segment is expected to account for the largest share of the food premix market. The large market share of this segment is attributed to the increasing demand for food premixes in nutrition and health supplements driven by the aging population, health & wellness trend, and high prevalence of diseases. However, the food & beverages segment is projected to register the highest CAGR during the forecast period due to the functional benefits offered by food premixes and the rising demand for fortified food and beverage products.

Asia-Pacific: Fastest-growing Regional Market

Based on geography, in 2023, North America is expected to account for the largest share of the food premix market. North America’s major market share is attributed to the well-established food & beverage sector, increasing focus on food safety, rising prevalence of chronic diseases, increasing consumer expectations for innovation and healthy food products, strong economic growth, and the presence of major market players in the region. However, Asia-Pacific is projected to register the highest CAGR during the forecast period. The growth of this regional market is attributed to the growth in the food & beverage industry, rapid economic growth, rising health awareness among consumers, and the increasing demand for fortified food products from emerging and developing countries, such as India, China, Indonesia, and Thailand.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by leading market players in the past three to four years. The key players profiled in the food premix market are Koninklijke DSM N.V. (The Netherlands), Glanbia Plc (Ireland), BASF SE (Germany), Corbion N.V. (The Netherlands), Watson Foods Co., Inc. (U.S.), SternVitamin GmbH & Co. KG (Germany), Vitablend Nederland B.V. (The Netherlands), Hellay Australia Pty. Ltd (Australia), Farbest-Tallman Foods Corporation (U.S.), Jubilant Life Sciences Ltd. (India), and Wright Enrichment Inc. (U.S.).

Scope of the report:

Food Premix Market, by Type 

• Multiple Micronutrients Premixes
• Vitamin Premixes   
• Mineral Premixes    
• Amino Acid Premixes          
• Nucleotide Premixes           
• Fiber Premixes       
• Nutraceutical Premixes       
• Other Food Premixes

Food Premix Market, by Form

• Powder      
• Liquid

Food Premix Market, by Application               

• Nutrition and Health Supplements               
  • Dietary Supplements          
  • Infant Nutrition        
  • Sports Nutrition      
  • Clinical Nutrition     
• Food & Beverages  
  • Beverages 
  • Milk and Milk Products       
  • Bakery & Confectionary      
  • Cereals & Snacks   
  • Other Food & Beverages    
• Pharmaceuticals     
• Other Applications

Food Premix Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America

• Middle East & Africa

Key questions answered in the report: