As per a recent research report published by Future Market Insights, a market research and competitive intelligence provider, sales of Middle East food premixes are estimated to reach a value of US$ 512 million by 2033. The market is anticipated to record a CAGR of 10.1% over the forecast period.
Premixes are becoming immensely popular because they are becoming highly aware of their health and have more income. Hence, they want to supplement their diets with nutritious meals that are simple to eat and available in both liquid and powder form.
Rising incidence of vitamin deficiency cases and increasing demand for food products fortified with vitamins would push the Middle East food premix market in the next ten years. High consumption of vitamin supplements and surging preference for functional ingredient blends are a couple of other key drivers of the market.
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Consumers are seeking products that would help them in enhancing focus & vision and cognitive functions. Customized premixes are hence an absolute choice for the sports nutrition industry. It has been scientifically proven to reduce fatigue and lead to improved concentration, health, and vision.
Key Takeaways from Middle East Food Premix Market Study:
- The Middle East food premix market is likely to record a CAGR of 10.1% from 2023 to 2033.
- Based on form, the powder segment is likely to generate more than 70% of share in the Middle East food premix market in the next ten years.
- By application, the dietary supplements are set to cover around 18% of share in the Middle East food premix market by 2033.
- In terms of function, the immunity segment is estimated to hold the lion’s share in the Middle East food premix market by 2033.
- The Middle East food premix market witnessed a CAGR of 9.7% in the historical period from 2018 to 2022.
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“Bespoke blend manufacturers continuously strive to offer cutting-edge products that meet dietary needs. Since the epidemic, consumers have also been much more devoted to eating healthily, which would support industry growth,” says a lead analyst at Future Market Insights.
Competitive Landscape: Middle East Food Premix Market
A few key players in the market are Hexagon Nutrition, Jubilant Life Sciences, Glanbia, SternVitamin, B&H Biotechnology, Prinova Group, Koninklijke DSM, Lycored, Farbest Brands, Archer Daniels Midland, Barentz, Fenchem, and Watson Inc. among others.
The Middle East food premix market is highly fragmented and competitive as a result of the presence of various international competitors. Key companies are utilizing a range of marketing strategies, such as alliances, expansions, mergers and acquisitions, and collaborations, to boost their positions.
Get More Valuable Insights into Middle East Food Premix Market
Future Market Insights, in its new offering, provides an unbiased analysis of the Middle East food premix market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033. The study incorporates compelling insights on the Middle East food premix market based on form (powder, liquid), ingredient type (vitamin, minerals, amino acid, nucleotides, botanicals), application (dietary supplement, food & beverages, pharma over-the-counter drugs, early life nutrition), function (bone health, immunity, digestion, vision health, energy, weight management, heart health, brain health & memory), and region.
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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.
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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