Food Premix Market to be Driven by Rising Demand for Food Fortification by 2023 | Million Insights

FELTON, California, Feb. 19, 2019 /PRNewswire/ -- Global food premix market is anticipated to witness an exponential growth in the forecast period. Food premix implies a substance that is mixed during the initial phase of the manufacturing and distribution procedure. Factors such as growing demand for food fortification, rising demand for fortified custom premixes across numerous regions, utilization of nutrient premixes by infant nutrition manufactures continuously on the rise, developing economies, mainly Latin America, Southeast Asia, and Africa are driving the food premix market.

In addition, growing wellness and demand for food premixes from pharmaceutical industries, beverage & food and health trend, and changing food landscape are likely to drive the market in forthcoming period. On the other hand, intervention and regulatory structure and mechanical problems during handling and storage procedures and accepting conventional nutrient systems by global food manufacturers are anticipated to hamper market growth in the forecast period.

However, rising consumers' awareness concerning the benefits of consuming fortified food products is likely to create lucrative opportunities for the market. Food premix market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. Market could be explored by ingredients, function, form, application and geography.

Browse research report with TOC on "Global Food Premix Market" at: https://www.millioninsights.com/industry-reports/food-premix-market

Food premix market could be explored by ingredients as Botanicals, Nucleotides, Vitamins, Minerals and Amino Acids. The "Vitamins" segment accounted for a prominent share in the market owing to increasing health concern among consumers and increasing demand. Based on function, the market could span Immunity, Bone Health, Energy, Digestion, Weight Management, Heart Health, Brain Health & Memory, Vision Health and Others. The "Weight Management" segment accounted for a prominent share in the market.

The market could be explored based on form as Powder Premix and Liquid Premix. The "Powered form" segment accounted for a prominent share in the market. The key applications that could be explored in the market include Food & Beverages, Early Life Nutrition/Baby Food, Pharma OTC, Dietary Supplement and Nutritional Improvement Program. The "Food & Beverages" segment accounted for a prominent share in the market. It is likely to emerge highly lucrative in forecast period.