According to Future Market Insights’ new analysis, the USA Food Premix Market size is forecast to reach USD 556 million by 2023. Total food premix sales in the country are poised to exhibit a CAGR of 8.7% between 2023 and 2033, totaling a valuation of USD 1,278 million by the end of 2033.
The USA food premix market is propelled by the growing trend of food fortification, increased instances of deficiency diseases, and rising consumption of dietary supplements. Additionally, expanding applications of food premixes in infant nutrition, food and beverages, and pharmaceutical over-the-counter (OTC) drugs are anticipated to further drive demand for food premixes across the USA in the projected period
Food premix ingredients offer an effective solution for boosting essential nutrient intake, supporting optimal body function, enhancing the immune system, and reducing the risk of diseases
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The increasing adoption of food premixes across various sectors like dietary supplements, food & beverages, baby nutrition, and OTC drugs, owing to their nutritious and health-promoting qualities, is expected to significantly drive growth in the food premix industry in the USA over the forecast period.
Another pivotal factor contributing to the rise in food premix sales throughout the USA is the availability of tailored solutions. Prominent manufacturers of food premixes in the USA are strategically emphasizing customized offerings to end-users, aiming to enhance their market share and revenue.
Food fortification is extensively practiced in the United States, particularly with staple foods like wheat and corn. These grains serve as ideal carriers for incorporating food premix ingredients such as folic acid, vitamin A, vitamin D, iron, zinc, and others. The increasing consumer demand for fortified foods is poised to create new avenues for revenue generation among manufacturers.
Food and beverage sector in the United States is well established which benefits customers demanding nutritional food. However, increasing costs of food premix ingredients restrict their usage in day-to-day life. Hence it has become very important to keep modest pricing to gain a varied market share.
Increasing popularity of food premix in bone health supplements and weight management nutrition will also play a critical role in aiding market expansion across the USA over the next ten years.
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.
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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Key segments
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
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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