Nutritional Premixes Market Expects Significant Growth, Driven by Health & Wellness Trends and Rising Demand in Asia-Pacific - Global Forecasts to 2030

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Feb 27, 2024, 10:30 ET

DUBLIN, Feb. 27, 2024 /PRNewswire/ -- The "Nutritional Premixes Market by Type (Combined Nutritional Premixes, Vitamin Premixes); by Form (Powder, Liquid); by Application (Animal Feed [Poultry Feed, Aqua Feed], Food & Beverages [Beverages, Dairy Products]); and by Geography - Global Forecasts to 2030" report has been added to ResearchAndMarkets.com's offering.

The global marketplace is witnessing an emerging focus on health and nutrition which is propelling the nutritional premixes industry forward, as outlined in recent industry analysis and opportunity assessment. An increasing shift toward fortified foods and tailored animal feed solutions is fueling an expansion forecasted to reach $16.8 billion by the year 2030, growing at a compound annual growth rate (CAGR) of 4.7%.

With extensive secondary and primary research, the latest in-depth report examines critical drivers, restraints, opportunities, and trends affecting the industry. The report delves into market segments by type, form, application, and comprehensive regional insights, providing quantitative and qualitative data.

Growth Drivers and Market Restraints

The nutritional premixes market is riding on the crest of burgeoning health and wellness trends and a changing global food landscape. The convenience of premix solutions, paired with increasing preferences for fortified and nutritional food products, has cemented their place in the modern consumer's diet. This is further bolstered by a robust demand for compound animal feed, a sector that values nutritional efficacy and safety.

Despite the flourishing outlook, challenges such as regulatory hurdles and storage and handling technicalities are presenting hindrances to market growth. However, opportunities are ripe, particularly in emerging markets across the Asia-Pacific region, where a growing middle class and heightened health awareness are creating fertile ground for expansion.

Market Segmentation Insights

In line with the diversity of consumer demands, the market is compartmentalized into several segments: combined nutritional premixes, vitamin premixes, amino acid premixes, and several others. The report anticipates that combined nutritional premixes will exhibit the highest CAGR, thanks to a predilection for multifunctional ingredient blends.

From a format perspective, the powder segment maintains the largest market share due to their logistical advantages, although the liquid form is expected to grow swiftly over the forecast period. As per applications, animal feed dominates the market share with contributing factors such as a burgeoning global meat consumption and a growing acknowledgment of animal welfare. Nonetheless, the food & beverage sector is projected for the fastest growth rate, propelled by the escalating demand for nutrient-fortified foods and a surge in health-conscious dietary regimes.

Regional Perspectives and Future Outlook

North America: A mature region with high demand for nutritionally enhanced products.
Europe: An advanced market focused on innovation and functional foods.
Asia-Pacific: Predicted to see the highest CAGR due to increased health awareness and changes in dietary patterns, especially in populous countries like China, Japan, and India.
Latin America and Middle East & Africa: Emerging markets with growth potential driven by urbanization and evolving consumer preferences.

The report highlights the growing importance of nutrition in consumers' daily lives and the potential for market players to harness this trend for growth. Significant investments in product innovation and geographical expansion are underlined as key strategies employed by industry leaders to capture market share.

Strategic Developments and Competitive Landscape

The analysis also tracks recent strategic moves within the industry, noting partnerships, product launches, and market expansions that are shaping the competitive landscape. The data points to an active market where players are continuously seeking to enhance their offerings and extend their reach.

In conclusion, the comprehensive assessment provided by this new research publication on the nutritional premixes market reveals a rapidly evolving industry, ripe with opportunities for innovation and growth. The report's findings emphasize continued industry trend towards health optimization and personalized nutrition, both for humans and animals.

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 global 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 global nutritional premixes market?
Who are the major players in the global nutritional premixes market? What are their specific product offerings in this market?
What are the recent strategic developments in the global nutritional premixes market? What is the impact of these strategic developments on the market?

Market Insights

Factors Affecting Market Growth

Growing Health & Wellness Trends
Changing Food Landscape
Increasing Demand for Fortified Food Products
Convenience of Nutritional Premixes
Rising Demand for Compound Animal Feed

Restraints

Regulatory Structure and Intervention
Technical Problems Faced During the Storage and Handling of Nutritional Premixes

Opportunities

Growing Demand for Nutrition from the Expanding Middle-Class Populations in Emerging Economies

Porter's Five Forces Analysis

Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)

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)
Cooperative Royal Agrifirm U.A. (Netherlands)

For more information about this report visit https://www.researchandmarkets.com/r/jr9asa

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