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(Health-NewsWire.Net, December 24, 2019 ) Market Overview
• Dietary premixes are nutrient blends that assist the food product manufacturer in the fortification of food products and supplements.
• These customized mixtures are used in various applications including infant nutrition, food and beverages, dietary supplements, pharmaceutical, and Pet Food.
• The global nutritional premixes market was worth USD XX million in 2018 and is forecasted to reach USD XX million by 2026, growing at a CAGR of XX% during the forecast period (2019-2026).
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Market Dynamics
• Innovation is one of the primary drivers of the market as premix providers need to enhance their technical and formulation capabilities according to the evolving needs of the nutrition industry. Also, increasing the cost of healthcare products globally is making consumers opt for dietary products with high nutritional value.
• This type of dietary food products is produced through the use of nutritional premixes.
• Further, Aging population, growing consumption of health supplements and expanding applications of vitamin D in functional food are poised to fuel the nutritional premixes market.
Market Segmentation
• The global nutritional premixes market is segmented by Form type, by Ingredients, and by Application. Based on the form type, the market is segmented into powder and liquid. Based on the ingredients type, the market is segmented into vitamins, minerals, amino acids, nucleotides, and others (botanicals).
• Further, based on the Application, the market is classified into infant nutrition, food & beverages, dietary supplements, pharmaceuticals, and others (pet food). The Food & Beverages industry account for the largest segment of the global nutritional premixes market.
• These industries are known to be at the forefront of premix development and contribute towards maximum revenue growth of nutritional premixes market over the forecast period.
Geographical Analysis
• Geographically, the global nutritional premixes market is segmented into Asia-Pacific, North America, Europe, South America, and RoW. Among all the regions, Asia-Pacific is estimated to be the fastest growing region owing to various factors such as growing compound animal feed industry, increasing demand of fortified food products, and rising investments from major players in the area.
• Additionally, developed regions such as North America and Europe account for a significant share of the global nutritional premix market. The increases consumers demand vitamins, and the fortified food is expected to significantly influence the demand for dietary premixes market in these regions.
Competitive Analysis
• The global nutritional premixes market products are fragmented with a large number of local and international players. However, Some of the most important manufacturers and suppliers of the dietary premixes are Hexagon Nutrition Pvt. Ltd., Watson Inc., Corbion N.V., Vitablend Netherlands BV., DSM, Jubilant Life Sciences Limited, LycoRed Limited, SternVitamin GmbH Co., Wright Enrichment Inc, and Prinova Group LLC.
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