Food Premix Market Size, Share, Growth, Trends, and Global Industry Analysis: Size, Share, Growth, Trends, and Global Industry Analysis By Forms (Powder and Liquid), By Ingredients (Vitamins, Minerals, Amino Acids, Nucleotides, and Others), By Application (Early Life Nutrition/ Baby, Food, Food & Beverages(Medical Nutrition, Sports Nutrition, Fortified Dairy & Beverages, and Bakery Products)Pharma OTC Drugs, Dietary Supplements, and Nutritional Improvement Programmes), By Functions (Bone Health, Immunity, Digestion, Vision Health, Energy, Weight Management, Heart Health, Brain Health & Memory, and Others), and Region Forecast 2019-2030

Food premix market size was valued at US$ 1,837.4 million in 2023, projected to reach at US$ 2,568.2 million by 2030 growing at a CAGR of 4.9% 2024-2030. The factor driving the growth of the food premix market is growing health awareness among consumers of fortified foods and beverages. Incidences of nutrient deficiencies are also on the rise, majorly in developing regions, increasing the demand for premixes.

This market is otherwise hampered by the high costs of custom formulations and the associated complexity in regulatory approvals. Opportunities arise from the growth in demand for customized nutrition and increased usage of premix in infant nutrition, sports nutrition, and dietary supplements. The customer base is eager for clean-label organic premixes; on-site mixing or easy premix dissolution in water; and customized nutrient solutions, including ingredients targeted at specific health and dietary needs.

Key Players

The food premix market share is inclusive of several companies such as Archer Daniels Midland, Glanbia, Koninklijke DSM, B&H Biotechnology, Farbest Brands, Fenchem, Jubilant Life Sciences, Prinova Group, Watson Inc, Lycored, SternVitamin, Barentz, and Hexagon Nutrition.

Key Developments

• In September 2023, Prinova, a global leader in premix systems, launched new premix ingredients in Asia Pacific, especially for the functional food ingredients market.
• In October 2021, Glanbia Nutritional announced the launch of a new ingredient solutions line, OvenPro, designed to improve the sensory properties of baked products. The product offers quick inclusion methods and provides additional protein and fiber content in bakery products.
• In October 2021, ProTab Laboratories, the largest South California contract manufacturer, announced the completion of a multi-million-dollar facility expansion, which will add even more premix production capacity on the West Coast.

Food Premix Market Segmentation

By Form: As far as form is concerned, the powdered premix segment occupies the biggest share of the market as they are easy to handle, convenient, and flexible. Thus, there is a great demand for it amongst food product manufacturing companies due to its large applicability in a variety of food goods like baked confections, beverages, and nutritional supplements. They are light in weight, and logistics costs can be brought down very easily. These powder forms also last longer than liquid premixes; a very important attribute for maintaining product stability and low waste. Whereas an increase in ready-to-eat and convenience foods supports the demand for powdered premixes, consumers need fast and healthy meal options. Advances in processing technologies can improve the solubility and functionality of powdered premixes so that consistency in flavor and nutrient profiles in the finished product is assured, which will provide further impetus for market growth.

By ingredients: Vitamins and minerals are the leading constituents in the food premix market as they are essential for the enrichment of foods and the prevention of deficiencies. The vitamins and minerals are essential constituent elements toward healthy living, boosting immunities, and the prevention of diseases. In most developing regions, nutrient deficiencies are gaining prominence, thus affecting sales growth of nutrient-enriched foods. In addition, consumers are now more aware of their requirement for supplements of micronutrients in their food, and the demand was thus made for such products that provide additional nutritional value. The diversity of vitamins and minerals allows them to be adaptable to almost any form of food preparation, from dairy to baked goods to beverages. Furthermore, regulatory efforts to improve public health through food fortification support the vitamin and mineral market. This is the section that will be poised to grow constantly because manufacturers are now oriented toward nutrient-dense formulation in a bid to respond to the changing demands of consumers.

By Application: The market for food premixes is dominated by the segment of dietary supplements. This is because the consumer focus on health and wellness is increasing, with more individuals seeking to improve their health, better specific nutritional deficiencies, and so forth. Dietary supplements rely heavily on premixes for the right formation of nutrients and often contain vitamins, minerals, amino acids, and herbal extracts. Trends such as preventive healthcare and lifestyle-related diseases have significantly added to the increased consumption of supplements that enhance immunity, energy, and general well-being. Besides that, the increasing number of elderly persons requires other specific nutritional supplements to check age-related health disorders. Manufacturers are innovating product lines to come up with customized formulations according to specific health needs, which further boosts market growth. This adaptability of the dietary supplements according to consumer preferences concerning clean-label, organic, and plant-based ingredients makes it one of the popular application areas within the food premix market.

By Functions: The immunity segment would capture a very high share of the food premix market, based on growing interest among consumers in wellness and health issues, especially after global health crises have wreaked havoc on populations worldwide. Growing awareness of the potential of having a well-functioning immunity system has made products fortified with vitamins and minerals that strengthen immune function high on the list, such as vitamin C, vitamin D, and zinc. Such nutrients would help enhance the body's normal defense mechanisms against infections and diseases. Preventive health care has also witnessed the rise of functional foods and dietary supplements that have protective and enhancement effects on immunity. Increased access to a wide range of immune-boosting products through e-commerce is also paving the way for market growth. Consequently, the immunity segment remains well-positioned to continue its lead as the market leader, encapsulating the evolving consumer preferences and health trends within the food premix market.