The USA food premix market is set to witness substantial growth, with an estimated valuation of US$ 556 million in 2023. Over the period from 2023 to 2033, the market is projected to experience a robust CAGR of 8.7%, reaching an impressive US$ 1,278 million by the end of 2033. The increasing adoption of food premixes across diverse sectors, including dietary supplements, baby nutrition, and the food & beverage industry, is a pivotal factor driving this growth. With a rising trend in food fortification and the availability of customized premix solutions, the USA food premix industry is poised for significant expansion during the assessment period.
The demand for food premixes in the USA is fueled by a growing focus on health and fitness, coupled with the rising prevalence of deficiency diseases. Consumers are increasingly seeking fortified food products, driving the demand for premixes. The market responds to this by offering products that not only fulfill hunger but also provide essential nutrients such as vitamins, protein, minerals, fiber, and other micronutrients. The desire for a better quality of life, particularly among older individuals, contributes to the escalating demand for healthy and nutrient-rich food products, further boosting the need for food premixes.
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Growing usage of food premixes in products such as dietary supplements, food & beverages, baby nutrition, and OTC drugs due to their healthy and high nutritional content will play a key role in boosting the USA food premix industry during the projection period.
A key growth factor for the USA food premix market is the shift towards preventive healthcare, leading to a surge in the consumption of fortified foods. The increasing popularity of functional foods and the presence of leading premix manufacturers contribute to the industry’s expansion. The market’s response to the rising demand includes a focus on plant-based premixes, aligning with the growing trend of veganism. Manufacturers like Prinova, with the introduction of plant premixes for dairy alternatives, exemplify the industry’s commitment to innovation and meeting evolving consumer preferences.
For investors in the B2B industry, the USA food premix market presents a lucrative opportunity. The anticipated growth, driven by factors such as health consciousness, fortification trends, and innovative product developments, creates a promising landscape. With a forecasted CAGR of 8.7% and a projected market size of US$ 1,278 million by 2033, the market offers a compelling proposition for those seeking investment opportunities in the dynamic and evolving food premix sector.
Key Takeaways from Market Study
- The United States food premix market size is set to reach US$ 556 million by 2023.
- Food premix sales across the USA are forecast to surge at 8.7% CAGR through 2033.
- By form, powdered food premixes segment holds 74% share of the United States food premix market.
- Based on ingredient type, the vitamins segment accounts for a share of 29% of the market.
- By function, with around 19% share, dietary supplements segment leads the United States food premix industry.
“Increasing health awareness, ongoing innovations, and developments in food fortification are likely to boost the food prefix market in the United States and are estimated to provide lucrative opportunities for market participants,” says a lead analyst at Future Market Insights.
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Who is Winning?
Leading food premix companies in the United States include Prinova, Cargill Incorporated, Glanbia plc, Archer Daniels Midland Company, LycoRed Ltd, General Mills, Watson Inc., Austrade Inc., Bunge Limited, Farbest Brands, Danone, Fenchem Biotek Ltd., Corbion N.V., Jubilant Life Sciences, and SternVitamin GmbH.
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Future Market Insights, in its new offering, provides an unbiased analysis of the United States Food Premix market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The United States Food Premix Industry Segmentation
By Form:
- Powder
- Liquid
By Ingredient Type:
- Vitamins
- Minerals
- Nucleotides
- Amino Acids
By Application:
- Food & Beverages
- Medical Nutrition
- Fortified Dairy & Beverages
- Bakery Products
- Sports Nutrition
- Early Life Nutrition/ Baby Food
- Dietary Supplements
- Pharma OTC Drugs
- Nutritional Improvement Programs
By Function:
- Bone Health
- Immunity
- Digestion
- Energy
- Heart Health
- Weight Management
- Vision Health
- Brain Health & Memory
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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