Global Nutritional Premixes Market Projected to Reach $11,647.6 Million by 2025
The global nutritional premixes market size was $8,658.2 million in 2018, and is projected to reach $11,647.6 million by 2025, growing at a CAGR of 4.5% from 2019 to 2025. Changing food consumption landscape, increasing demand for functional food products, growing health and wellness trend, and increasing demand for compound animal feed have fueled the growth of the global Nutritional Premixes market. Conversely, stringent regulatory structure and technical problem during storage and handling of nutritional premixes has hindered the growth of this market to some extent.
The global nutritional premixes market study presents historical market data in terms of values (2017 and 2018), projected current data (2019), and forecasts for 2025- by type (vitamin premixes, mineral premixes, amino acid premixes, nucleotide premixes, fiber premixes, nutraceutical premixes, and others), form (powder and liquid), and application (animal feed, food and beverages, nutrition and health supplements, pharmaceuticals, and others). The study also evaluates industry competitors and analyzes the market at regional and country level.
On the basis of type, vitamin premixes segment accounted for the major share of the global nutritional premixes market in 2018. The large share of this segment mainly attributed to the increasing consumer preferences for blends of different functional ingredients, multiple nutritional benefits to humans and animals, and growing consumption of vitamin supplements due to rising number of vitamin deficiency cases. However, nucleotide premixes market is expected to witness a rapid during the forecast period.
On the basis of application, animal feed segment held the largest share of the global nutritional premixes market in 2018. The large share of this segment mainly attributed to growing livestock industry due to increasing meat consumption, ban on antibiotics, and increasing importance for animal health safety and wellness.
On the basis of geography, the nutritional premixes market analysis is conducted across North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Asia-Pacific held the major share in global nutritional premixes market in 2018, and is expected to remain dominant throughout the forecast period. The huge share of this market is attributed to its increased demand for compound animal feed; increasing investment from leading players; increasing demand for healthy & nutritional products; increasing consumer expectations for innovation and healthy food products; and rising alertness among consumers for fortified food products.
Key players include in Nutritional Premixes market are Koninklijke DSM N.V., Steggall Nutrition, Glanbia Plc, BASF SE, Corbion N.V., Watson Foods Co., Inc., Archer Daniels Midland Company, Cargill, Incorporated, SternVitamin GmbH & Co. KG, Vitablend Nederland B.V., Hellay Australia Pty. Ltd., Nutreco N.V., InVivo Agrosciences, Farbest-Tallman Foods Corporation, and Jubilant Life Sciences Ltd.
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