The global malnutrition crisis has spurred a significant surge in demand for nutrient-rich foods, propelling the food premix market to new heights. According to recent data from the Food and Agriculture Organization (FAO), approximately 828 million individuals were malnourished in 2021, highlighting the urgent need for improved nutritional solutions. The prevalence of malnutrition has particularly impacted children under five years old, with the United Nations International Children’s Emergency Fund (UNICEF) attributing nearly half of their deaths to malnutrition-related causes.
The Global Nutrition Report underscores the scale of the challenge, revealing that approximately 149.2 million children under the age of five are stunted, while 45 million are wasted, and 38.9 million are overweight. A primary driver of these nutritional deficiencies is the consumption of poor quality diets lacking vital micronutrients like zinc, folate, vitamins, and iron. This alarming trend has catalyzed the demand for nutrient-rich food products, leading to the utilization of modified combinations of vitamins and minerals as premixes in clinical nutrition, supplements, and infant formula.
The growing global inclination towards fortified food products is poised to play a pivotal role in the expansion of the food premix market. The inclusion of essential ingredients such as zinc, amino acids, vitamins, and minerals has become imperative to bridge the nutritional gap and address the rising concern of malnutrition. Fortified foods not only cater to nutritional deficiencies but also offer a potential solution to issues like anemia among women of reproductive age, as highlighted by the World Health Organization (WHO).
In alignment with this trend, the food premix market is witnessing a surge in demand for products with additional micronutrients. The International Food Information Council Foundation reports that approximately 47% of individuals globally prefer food products fortified with essential nutrients, underscoring the critical role of premixes in meeting this demand.
The heightened awareness surrounding the consumption of immunity-boosting foods, especially in the aftermath of the COVID-19 pandemic, has further fueled the growth of the food premix market. The pandemic has catalyzed changes in dietary habits, particularly among millennials, who now prioritize fortified foods to enhance their immunity. The influence of social media and educational content on micronutrients has resonated with individuals of all ages, contributing to a significant shift towards vitamin and mineral-rich diets.
Moreover, the increasing consumption of nutraceuticals as part of a health-conscious lifestyle has provided a new avenue for the food premix market. Customized blends of micronutrients are gaining traction as consumers seek clean label, healthy products that promote overall wellness and combat the risk of lifestyle diseases.
Among the various types of food premixes, hydrocolloids have emerged as a significant player, contributing substantially to the revenue growth of the food premix market. Their versatility as natural stabilizers, thickeners, and emulsifiers has garnered attention, enhancing both the nutritional content and sensory qualities of foods.
In Asia Pacific, emerging economies are displaying strong potential in the food premix market. Factors such as exponential growth in compound feed production, rising awareness of healthy lifestyles, and a growing food and beverage sector are driving the markets growth in the region.
Leading players in the global food premix market include Cargill Inc., Hexagon Nutrition Pvt. Ltd., Glanbia Plc, Archer Daniels Midland Company, Corbion N.V., and BASF SE.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/food-premix-market
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