Global Nutritional Premixes Market - 2024 - 2031

Report Overview

Global Nutritional Premixes Market reached US$ 10.73 billion in 2023 and is expected to reach US$ 16.75 billion by 2031, growing with a CAGR of 5.72% during the forecast period 2024-2031.

The global nutritional premixes market is witnessing significant growth, driven by an increasing consumer focus on health and wellness and a rising demand for customized dietary solutions. The sector is expanding rapidly across various applications, including staple food fortification, dietary supplements and functional foods such as Ready-To-Use Therapeutic Foods (RUTF) and Ready-To-Use Supplementary Foods (RUSF). The market's evolution is largely attributed to the growing consumer preference for products that offer targeted health benefits and enhanced nutritional profiles.

Technological advancements are playing a crucial role in shaping the nutritional premixes market. Companies are leveraging sophisticated formulation technologies and production techniques to enhance the efficacy and customization of their premixes. It includes ensuring uniformity and consistency in product quality, which is critical for meeting specific consumer needs and regulatory standards. As a result, businesses are better positioned to offer tailored solutions that align with emerging health trends and consumer preferences.

In September 2023, Fermenta Biotech announced the inauguration of its new premix plant, equipped to handle both powder and liquid premix requirements. It is authorized with an FSSAI license, ensuring compliance with food safety and quality standards. The plant's capabilities extend across multiple industry sectors, including staple food fortification, dietary supplements, Ready-To-Use Therapeutic Foods (RUTF), Ready-To-Use Supplementary Foods (RUSF), as well as bakery and confectionery, beverages and health food drinks.

Market Dynamics

Rising Prevalence of Chronic Diseases

According to the World Health Organization (WHO), the prevalence of chronic diseases such as diabetes, heart disease, stroke and cancer continues to escalate globally, significantly impacting public health and economic systems. As of the early 1900s, there was a notable shift from infectious to noncommunicable diseases due to advancements in public health. The trend has persisted, with chronic diseases now being the leading cause of morbidity and mortality worldwide. The estimated global cost of chronic diseases is projected to reach US$ 47 trillion by 2030.

In response to this growing crisis, there is an increased demand for preventative measures, including nutritional interventions. The trend is particularly relevant for the nutritional premixes market, which is experiencing increased demand for products designed to support health and mitigate disease risk. Nutritional premixes, which typically include essential vitamins, minerals and other nutrients, are being tailored to address specific health concerns associated with chronic conditions.

Key risk factors for these chronic diseases-such as poor nutrition, physical inactivity, tobacco use and excessive alcohol consumption-are driving the need for specialized nutritional solutions. Nutritional premixes that focus on promoting healthier dietary habits and managing these risk factors are becoming increasingly sought after. The shift reflects a broader market trend towards functional foods and supplements that offer targeted health benefits, particularly for chronic disease prevention and management.

Growing Consumer Awareness About Health And Wellness

The increasing emphasis on health and wellness is reshaping consumer behavior worldwide, significantly impacting the global nutritional premixes market. As consumers become more health-conscious, there is a noticeable shift towards holistic well-being, which extends beyond basic fitness and nutrition to include mental health and overall lifestyle choices. Evolving mindset is influencing various aspects of consumption, including dietary preferences and product choices.

As per Nutrition Insights, the emergence of "smart supplementation" has become a notable trend within the market, characterized by advancements such as nano-coated and liposomal vitamins. These innovative formulations are designed to enhance bioavailability and efficacy, catering to consumers' growing expectations for high-quality, effective supplements. The emphasis on advanced delivery mechanisms reflects a broader consumer preference for supplements that offer superior absorption and targeted benefits.

In parallel, there is a rising interest in vitamins and micronutrients that support longevity and personalized health needs. Consumers are increasingly focused on products that contribute to long-term health and well-being, including those that enhance brain function, sleep quality and overall vitality. The market is seeing a surge in demand for personalized nutritional solutions that provide tailored benefits, further driving the growth of micronutrient premixes.

High Costs of Fortified Products

The high costs associated with fortified products have a significant impact on the nutritional premixes market, influencing several key factors. Firstly, the incorporation of micronutrients and adherence to stringent quality standards often leads to increased production expenses. These additional costs typically result in higher prices for fortified products, which can constrain consumer demand and hinder market expansion.

The elevated price point of fortified products may limit their accessibility, especially in lower-income regions where affordability is a critical issue. The restriction can impede the widespread adoption of nutritional premixes in areas with the greatest need, potentially undermining the efficacy of fortification programs aimed at addressing micronutrient deficiencies.

Consumer perception also plays a significant role. Higher product costs can lead to a negative perception of fortified products, making them appear less economically viable compared to non-fortified alternatives. The perception can slow market penetration and reduce consumer willingness to purchase, further impacting the growth of the nutritional premixes market.

Market Segment Analysis

The global nutritional premixes market is segmented based on type, form, functionality, application and region.

The Surging Demand for Food and Beverages

The food and beverages segment is expected to be the dominant segment in application holding an approximate market share of 32% during the forecast period. Nutritional premixes have become increasingly valuable in the food and beverage industry, meeting both manufacturers' and consumers' needs for enhanced nutritional profiles and functional benefits. The premixes, which combine essential vitamins, minerals and trendy ingredients like turmeric and collagen, address nutrient deficiencies and improve product appeal.

In the food and beverage industry, premixes are making significant impacts across various categories. In baked goods, there is a growing trend to enhance nutritional profiles by using premixes that combine vitamins, minerals and whole-food ingredients, such as dried berries. The premixes help improve nutritional value while mitigating off-flavors. For dairy products and beverages, premixes are utilized to fortify with nutrients like calcium and vitamin D.

Market Geographical Share

Rising Demand for Nutritional Premixes in North America

North America is expected to be the dominant region in the global nutritional premixes market holding an approximate market share of 35% during the forecast period. The North American market for nutritional premixes is experiencing robust growth, driven by rising consumer awareness of health and wellness, the increasing demand for personalized nutrition solutions and the proliferation of functional foods and beverages.

The trend is further supported by the aging population's need for targeted health support and the expanding fitness and sports nutrition sector. Additionally, the rising demand for nutritional premixes in North America is driven by an increased focus on optimizing animal health and performance. As the need for enhanced feed formulations grows, DSM-Firmenich's advanced premix solutions are well-positioned to meet these evolving market requirements, ensuring superior quality and consistency in animal nutrition.

In July 2024, In North America, DSM-Firmenich operates four specialized premix facilities dedicated to animal feed. These plants focus on producing premixes for various sectors, including poultry, swine, dairy, beef cattle, aquaculture and pets. Adhering to stringent quality standards such as GMP, HACCP, ISO 9001 and internal DSM-Firmenich corporate quality benchmarks, these facilities are committed to delivering high-quality nutritional ingredients.

Market Competitive Landscape

The major global players in the market include DSM, ADM, BASF, Cargill, Incorporated., Glanbia plc, Corbion, Nutreco, SternVitamin GmbH & Co. KG, Jubilant Ingrevia Limited and Prinova Group LLC.

Russia-Ukraine War Impact Analysis

The Russia-Ukraine conflict has significantly impacted the global nutritional premixes market, primarily through disruptions in supply chains and price volatility. Both Russia and Ukraine are major suppliers of key agricultural commodities, such as grains and sunflower oil, essential for nutritional premix production. The war has led to severe interruptions in the availability of these raw materials, escalating production costs and causing price instability in the market.

As Per the International Food Policy Research Institute, rising commodity prices and inflationary pressures have further strained the nutritional premixes sector. Increased costs for inputs and transportation have compelled manufacturers to adjust pricing strategies, which may affect consumer demand. Additionally, logistical challenges, particularly in the Black Sea region, have exacerbated supply chain issues, leading to delays and higher costs.

By Type

Vitamins

Minerals

Amino Acids

Nucleotides

Others

By Form

Liquid

Powder

By Functionality

Bone Health

Immunity

Digestive Health

Heart Health

Weight Management

By Application

Food and Beverages

Infant Nutrition

Bakery & Confectionery

Dairy Products

Beverages

Cereals & Snacks

Convenience Foods

Dietary Supplements

Pharmaceuticals

Animal Feed

Other Applications

By Region

North America

US

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

Rest of Europe

South America

Brazil

Argentina

Rest of South America

Asia-Pacific

China

India

Japan

Australia

Rest of Asia-Pacific

Middle East and Africa

Key Developments

In July 2024, DSM Launching successful nutritional premixes that elevate global health requires a human-centric approach driven by customized solutions and comprehensive expertise. Premix Solutions offering streamlines the product development process, enabling customers to create breakthrough health solutions that meet consumer demands with sustainability at the forefront.

In August 2023, Primaria Nutrition, the nutrition division of GC Ingredients, invested in a state-of-the-art facility in Atlanta, GA, to produce custom powder and liquid formulations for food, supplements and value-added products. The facility is optimized for precise formulation and blending, featuring six specialized suites with custom air handling, humidity control and advanced blending and packaging equipment.

In February 2023, Evonik launched PhytriCare IM, a plant-based product with high flavonoid content, to support the health of sows, laying hens and dairy cows across the EU. Developed in response to the EU's ban on prophylactic antibiotics, PhytriCare IM utilizes the anti-inflammatory properties of flavonoids to prevent chronic inflammation, thereby improving animal welfare and production efficiency.

Why Purchase the Report?

To visualize the global nutritional premixes market segmentation based on type, form, functionality, application and region as well as understand key commercial assets and players.

Identify commercial opportunities by analyzing trends and co-development.

Excel data sheet with numerous data points of the nutritional premixes market with all segments.

PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.

Product mapping available as Excel consisting of key products of all the major players.

The global Nutritional Premixes market report would provide approximately 70 tables, 68 figures and 219 pages.

Target Audience 2024

Manufacturers/ Buyers

Industry Investors/Investment Bankers

Research Professionals

Emerging Companies