According to Future Market Insights’ new analysis, the United States food premix market size is forecast to reach US$ 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 US$ 1,278 million by the end of 2033.
Rising trend of food fortification, surge in cases of deficiency diseases, and increasing intake of dietary supplements are key factors driving the USA food premix market. Similarly, rising application of food premixes in infant nutrition, food & beverages, and pharma OTC drugs is expected to bolster food premix demand across the USA during the projection period.
Food premix ingredients have proven to be a better option to increase intake of essential nutrients required for proper functioning of body, enhancing the immune system, and reducing development of diseases.
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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.
Another key factor positively influencing food premix sales across the USA is the availability of customized solutions. Leading food premix manufacturers based in the USA are focused on providing customized solutions to end users to increase their revenue share.
In the United States, food fortification is widely practiced with wheat and corn as they are a part of staple food. They are best used as carriers for food premix ingredients like folic acid, vitamin A, vitamin D, iron, zinc, and many more. Growing consumer interest in fortified foods will open new revenue generation opportunities for 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.
“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.
Get More Valuable Insights
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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