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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As the quest for healthy living intensifies, the USA food premix industry emerges as a key player, witnessing a surge in usage across diverse products such as dietary supplements, food & beverages, baby nutrition, and OTC drugs. The high nutritional content and health benefits of food premixes are driving their growing popularity in the United States.
Key Factors Propelling the USA Food Premix Industry:
- Healthy and Nutrient-Rich Appeal: The growing usage of food premixes is attributed to their healthy and high nutritional content, making them a preferred choice in dietary supplements, food & beverages, baby nutrition, and OTC drugs.
- Customized Solutions for Market Growth: Leading food premix manufacturers in the USA focus on providing customized solutions, contributing significantly to market growth and expanding their revenue share.
- Widespread Food Fortification Practices: Food fortification, especially with staple foods like wheat and corn, is widely practiced in the USA. These staple foods serve as effective carriers for food premix ingredients, fostering the inclusion of essential nutrients in daily diets.
- Established Food and Beverage Sector: The well-established food and beverage sector in the United States offers a robust platform for customers seeking nutritional food options. However, balancing costs remains a challenge, emphasizing the importance of competitive pricing strategies.
- Rising Popularity in Health Supplements: Food premixes gain traction in bone health supplements and weight management nutrition, playing a pivotal role in expanding their market footprint in the USA.
Market Projections and Insights:
- Market Size Projection: The USA food premix market is anticipated to reach a valuation of US$ 556 million by 2023.
- Steady Sales Growth: Food premix sales in the USA are projected to surge at an impressive CAGR of 8.7% through 2033.
- Dominance of Powdered Form: The powdered food premixes segment holds a substantial market share of 74% in the United States.
- Vitamins Lead Ingredient Types: Among ingredient types, vitamins command a significant share of 29% in the USA food premix market.
- Dietary Supplements at the Helm: The dietary supplements segment takes the lead in the USA food premix industry, holding around 19% market share.
“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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