DUBLIN--(BUSINESS WIRE)--Aug 23, 2018--The "Food Premix Market By Type and By Application - Global Opportunity Analysis and Industry Forecast (2018-2023)" report has been added to ResearchAndMarkets.com's offering.

Global food premix market is expected to reach USD 1,906.5 million by 2023, at a CAGR of 6.5% during the forecast period of 2018 to 2023.

The growth of this market is mainly attributed to growing health and wellness trend, increasing demand for fortified food products, and food premixes' convenience in usage as a single ingredient over multiple ingredients. In addition, expanding middle class in emerging economies with demand for nutrition provides significant opportunity for the manufacturers in the global food premix market. However, regulatory structure and intervention and technical problems during storage and handling procedures hinder the growth of this market to some extent.

Vitamin premixes dominated the global food premixes market in 2017. The growth of this segment is mainly attributed to increasing consumer preferences for blends of different functional ingredients, growing consumption of vitamin supplements due to rising number of vitamin deficiency cases, and increasing demand for vitamin fortified food products.

Nutrition and health supplements segment captured a major share of global food premix market in 2017. However, food and beverages segment anticipated to grow at a lucrative rate due to large number of functional benefits offered by food premixes to food product and rising demand of fortified food and beverages products.

Asia-Pacific (APAC) is estimated to be the fastest growing region due to growing food and beverages industry, growing economy, improving healthy lifestyle, and increasing demand for fortified food products in emerging and developing Asian countries.

Market Dynamics

Drivers

Growing Health and Wellness Trend Increasing Demand for fortified Food Products Convenience in Usage as a Single Ingredient Over Multiple Ingredients

Restraints

Regulatory Structure and Intervention Technical Problems During Storage and Handling Procedures

Opportunities

Expanding Middle Class in Emerging Economies with Demand for Nutrition

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Insights

5. Global Food Premix Market, by Type

6. Global Food Premix Market, by Form

7. Global Food Premix Market, by Application

8. Food Premix Market, by Geography

9. Competitive Landscape

10. Company Profiles

BASF SE (Germany) Corbion N.V. (The Netherlands) Farbest-Tallman Foods Corporation (U.S.) Glanbia Plc (Ireland) Hellay Australia Pty. Ltd (Australia) Jubilant Life Sciences Ltd. (India) Koninklijke DSM N.V. (The Netherlands) SternVitamin GmbH & Co. KG (Germany) Vitablend Nederland B.V. (The Netherlands) Watson Foods Co. Inc. (U.S.) Wright Enrichment Inc. (U.S.).

For more information about this report visit https://www.researchandmarkets.com/research/3s9gwk/1_9_bn_food?w=4

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Related Topics:Food Ingredients

KEYWORD:

INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/23/2018 05:04 AM/DISC: 08/23/2018 05:04 AM

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