Nutritional Premixes Market by Type (Vitamin Premixes, Mineral Premixes, Amino Acid Premixes, Nucleotide Premixes, Fiber Premixes, Nutraceutical Premixes, and Others), Form (Powder and Liquid), Application (Animal Feed, Nutrition & Health Supplements, Food & Beverages, Pharmaceuticals, and Others), and Geography- Global Opportunity Analysis and Industry Forecast (2018 – 2023).
The research report titled “Nutritional Premixes Market– Global Opportunity Analysis and Industry Forecast (2018-2023)” provides in-depth analysis of nutritional premixes market in five major geographies and emphasizes on the current market trends, market size, market share, recent developments, and forecast till 2023. Global nutritional premixes market is expected to reach USD 12,397.8 million by 2023, at a CAGR of 4.0% during the forecast period of 2018 to 2023.
The factors such as growing health and wellness trend, changing food landscape, increasing demand for fortified food products, convenience in usage as a single ingredient over multiple ingredients, and increasing demand for compound animal feed are driving the growth of the global nutritional premixes market.
The study offers a comprehensive analysis of nutritional premixes market with respect to various product types, forms, and applications. The global nutritional premixes market is segmented on the basis of product type (vitamin premixes, mineral premixes, amino acid premixes, nucleotide premixes, fiber premixes, nutraceutical premixes, and others), form (powder and liquid), and application (animal feed, nutrition and health supplements, food and beverages, pharmaceuticals, and others). On the basis of product type, the nucleotide premixes market is expected to witness a rapid growth during the forecast period, primarily due to the increasing demand from infant nutrition and nutraceutical sectors.
Geographically, the market is segmented into five major geographies, namely North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Asia-Pacific dominated the global nutritional premixes market in 2017. The largest share of this region is mainly attributed to growing compound animal feed industry, growing economy, increasing demand of fortified food products, and rising investments from major players in the region.
The key players operating in the global nutritional premixes 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.), Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), SternVitamin GmbH & Co. KG (Germany), Vitablend Nederland B.V. (The Netherlands), Hellay Australia Pty. Ltd. (Australia), Nutreco N.V. (The Netherlands), InVivo Agrosciences (France), Farbest-Tallman Foods Corporation (U.S.), Jubilant Life Sciences Ltd. (India), and Koninklijke Co?peratie Agrifirm U.A. (The Netherlands).