According to a new analysis by Future Market Insights, the USA food premix market is projected to reach USD 556 million by 2023. Sales in the sector are expected to grow at a CAGR of 8.7% from 2023 to 2033, culminating in a market valuation of USD 1,278 million by the end of 2033.
Key drivers of the USA food premix market include the growing trend of food fortification, a rise in deficiency-related diseases, and increased consumption of dietary supplements. Additionally, the expanding use of food premixes in infant nutrition, food and beverages, and over-the-counter pharmaceuticals is expected to further boost demand for food premixes across the country during the forecast 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.
The increased use of food premixes in dietary supplements, food and beverages, baby nutrition, and OTC drugs—thanks to their health benefits and high nutritional value—is expected to significantly drive growth in the USA food premix industry during the forecast period.
Additionally, the availability of customized solutions is another crucial factor boosting food premix sales across the USA. Leading manufacturers in the sector are concentrating on offering tailored solutions to end users, aiming to enhance their revenue share.
In the United States, food fortification is commonly practiced using staple foods like wheat and corn, which serve as effective carriers for ingredients such as folic acid, vitamin A, vitamin D, iron, and zinc. The rising consumer demand for fortified foods is expected to create new revenue opportunities for manufacturers.
The well-established food and beverage sector in the U.S. supports the demand for nutritious foods. However, the increasing cost of food premix ingredients poses a challenge, making it essential to maintain competitive pricing to capture a broader market share.
Additionally, the growing popularity of food premixes in bone health supplements and weight management nutrition is anticipated to play a significant role in driving market expansion across the USA over the next decade.
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.
Competitive Landscape
Key manufacturers of food premixes in the USA are Glanbia plc, Prinova, Archer Daniels Midland Company, Cargill Incorporated, General Mills, Watson Inc., Austrade Inc., Farbest Brands, Danone, Bunge Limited, Fenchem Biotek Ltd., Corbion N.V., Jubilant Life Sciences, SternVitamin GmbH, and LycoRed Ltd.
The USA food premix industry is highly competitive due to the involvement of both major and smaller players. To gain a competitive edge, companies are employing a variety of strategies, including new product launches, mergers, partnerships, collaborations, and acquisitions.
Recent Developments:
- In January 2021, a new premix animal nutrition facility was opened in Ohio by Cargill.
- In February 2019, a USA-based manufacturer and supplier of premix, bakery ingredients, and other solutions, Watson Inc., was acquired by Glanbia Nutritionals.
- In September 2021, Prinova acquired The Ingredient House, LLC (TIH).
Get in Touch for Expert Analysis: Connect with Our Specialist on Email: sales@futuremarketinsights.com
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
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.
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
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
