NEWARK, DE / ACCESSWIRE / January 30, 2023 / According to the latest research report by Future Market Insight, overall sales of Europe food premix are estimated to total a valuation of US$ 599 million in 2023. The market size in the region is projected to expand at 9.5% CAGR between 2023 and 2033, reaching around US$ 1,489 million by 2033.
The rising application of food premixes in industries such as food & beverage, dietary supplements, and pharmaceuticals along with growing health awareness and increasing demand for fortified food is a key factor driving Europe's food premix market forward.
Food premixes have been scientifically shown to reduce fat and increase health, and vision. They are an obvious choice for sports nutrition businesses as they help in boosting focus & vision, and cognitive function.
For more information, Download Report Sample@
https://www.futuremarketinsights.com/reports/sample/rep-gb-16554
Thanks to the numerous health and nutritional benefits of food premixes they are being increasingly utilized in products such as food & beverages, baby nutrition, dietary supplements, and OTC drugs. Rising consumption of these products due to increasing population, changing lifestyles, and growing focus on health and fitness will eventually boost Europe's food premix industry during the assessment period.
Premix food development requires a thorough process of balancing the metabolically active mixture of micronutrients and components with minimal influence on the final formulation. As manufacturers are focused on providing customized food premixes to fulfill the needs of individual users, the market is set to thrive at a robust pace over the next decade.
The booming nutrition sector across Europe is another factor boosting food premix sales. Food premixes, especially protein/amino acid premixes are being increasingly used in dietary supplements to improve their nutritional content.
Similarly, increasing usage of food premixes in the baked goods industry and high spending on bakery items will create lucrative opportunities for food premix manufacturers over the projection period.
Despite these promising developments, the industry is still likely to face several obstacles, such as changing customer demand, strict rules and regulations, and a lack of security in the supply of raw materials and other manufacturing inputs.
Use promo code ->> FMITODAY to get flat 30% discount
Key Takeaways from Market Study
- Europe's food premix market is estimated to be valued at US$ 599 million in 2023.
- By ingredient type, the vitamins segment holds a prominent share of the market and it is expected to progress at a significant pace over the next ten years.
- Based on end-use applications, the food & beverages segment will continue to dominate Europe's food premix market during the forecast period.
- Demand for food premixes across the United Kingdom is slated to rise at 4.1% CAGR between 2023 and 2033.
- Spain's food premix market is forecast to expand at 3.3% CAGR throughout the forecast period.
"Growing demand for fortified foods to meet their nutritional requirements as well as to reduce chances of disease development will act as a catalyst for facilitating the development of Europe's food premix market during the forecast period. Besides this, penetration of new players will bode well for the market," says a principal analyst of Future Market Insights.
Request for Report Customization@
https://www.futuremarketinsights.com/customization-available/rep-gb-16554
Competitive Landscape
Leading food premix companies operating in the market include Glanbia, SternVitamin, DSM, Jubilant Life Sciences, Fenchem, Prinova Group, B&H Biotechnology, Watson Inc, Hexagon Nutrition, and Farbest Brands,
These key players are constantly introducing novel premixes for specific applications to increase their revenue share. Further, expansion of manufacturing facilities in high-growth countries, advancements in food premix products, partnerships, joint ventures, collaborations, mergers, and acquisitions are few of the frequently adopted strategies by companies to gain a competitive edge in the market.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of Europe Food Premix presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the Europe Food Premix Market based on form (powder, liquid), ingredient type (vitamins, minerals, amino acids, nucleotides), end-use application (pharma OTC drugs, food & beverages, dietary supplements, early life nutrition/baby food,), and function type (bone health, immunity, digestion, vision health, energy, weight management, heart health, brain health & memory immunity, bone health) across European countries.
About the Food & Beverage Division at Future Market Insights
Expert analysis, actionable insights, and strategic recommendations - the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
Click to talk with Analyst@
https://www.futuremarketinsights.com/ask-question/rep-gb-16554
Europe Food Premix Industry by Category
By Form:
- Powder
- Liquid
By Ingredient Type:
- Vitamins
- Minerals
- Amino Acids
- Nucleotides
By End Use Application:
- Early Life Nutrition/ Baby Food
- Pharma OTC Drugs
- Food & Beverages
- Dietary Supplements
By Function Type:
- Bone Health
- Immunity
- Digestion
- Vision Health
- Energy
- Weight Management
- Heart Health
- Brain Health & Memory
Browse Full Report@
https://www.futuremarketinsights.com/reports/europe-food-premix-market
Table of Content
1. Executive Summary | Europe Food Premix Market
1.1. Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition
2.3. Installed Base Capacity (2023E)
2.4. Replacement Rate (2023E)
Explore FMI's Extensive Coverage in Food & Beverage Domain:
Premix Bread Flour Market Size: The global premix bread flour market is expected to witness lucrative growth over the forecast period, owing to increased demand for bakery products and increased consumption of bread products.
Fortified Milk and Milk Products Market Share: Fortified Milk and Milk Products market is valued at USD 110 Bn in 2022 and is projected to grow at a CAGR of 4.3% during the forecast period, to reach a value of USD 167 Bn by 2032
Feed Premix Market Trends: The Feed Premix market is valued at USD 8.3 Bn in 2022 and is projected to grow at a CAGR of 3.3% during the forecast period, to reach a value of USD 11.5 Bn by 2032.
GCC Functional Food Market Analysis: GCC Functional Food Market: The revenue generated from the sales of functional foods in GCC countries is estimated to be around US$ 30.9 Bn by 2032.
Food Premix Market Forecast: The global food premix market will likely reach a value of USD 3.2 Bn by the end of the 2032 forecast period.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
SOURCE: Future Market Insights, Inc.
View source version on accesswire.com:
https://www.accesswire.com/737212/Europe-Food-Premix-Market-Sales-is-to-Surge-at-95-CAGR-Through-Amid-Growing-Demand-for-Fortified-Foods-and-Dietary-Supplements-Report-by-Future-Market-Insights-Inc-2023-to-2033
