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In this report, Future Market Insights (FMI) delivers key insights on the global food premix market in its recently published report, titled “Global Food Premix Market: Industry Analysis and Opportunity Assessment, 2022–2032.” In terms of revenue, the global food premix market is estimated to expand at a CAGR of 5.4% over the forecast period, owing to numerous factors, about which FMI offers thorough insights and forecasts in this report.

food premix market will likely reach a value of USD 3.2 Bn by the end of the 2032 forecast period. The demand for food premix is anticipated to be a value CAGR of 5.2% and is anticipated to reach USD 1.8 Bn in 2022. Amino acid based food premixes will likely capture 31% of total market revenue.

The increasing demand for food fortification backed by growing demand for fortified custom premixes across the regions by various manufacturers, are expected to be the key factors driving market growth for food premixes. The demand for food fortification has increased significantly in the recent past due to the high rate of micronutrient deficiency disorders among the global population, and the lack of micronutrients in food could lead to severe forms of malnutrition. Thus, foods such as wheat, maize, flour, sugar, and vegetable oils are fortified with vitamins and minerals to ensure better health of the consumers.

The market is segmented based on form, ingredient type, application type, function type and regions. On the basis of form the market is segmented in to, powder and liquid. Based on form the segmentation includes, powder and liquid food premixes. Powdered segment is expected to grow at a CAGR of 5.6% over the forecast period.

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By Ingredient type global food premix market is segmented into vitamins, minerals, amino acids, nucleotides and others (botanicals). Vitamins as a premix in various applications is expected to contribute towards maximum revenue growth in the overall food premix market by form. The segment is being expected to be valued at US$ 802.6 Mn by 2027.

By application type, the market for food premix is segmented into, early life nutrition/ baby food, food & beverages, dietary supplements, pharma OTC drugs and nutritional improvement programmes. Food & beverage segment is further sub-segmented into medical nutrition, sports nutrition, fortified dairy & beverages and bakery products.

Food & beverage segment is expected to contribute towards maximum revenue growth of food premix market over the forecast period. By function type global food premix market is segmented into bone health, immunity, digestion, weight management, vision health, heart health, energy, brain health & memory and others. Premixes for weight management are expected to contribute towards maximum revenue growth in the overall food premix market by function type. The segment is being expected to be valued at US$ 515.5 Mn by 2027.

The next section of the report highlights the food premix market, by region, and provides the market outlook for 2022–2032. Main regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding China (APEC), China and the Middle East & Africa (MEA).

North America market has been estimated to dominate the food premix market, accounting for maximum revenue share of the market by 2017 end. Collectively, North America, Western Europe & APEC and China are expected to account for 78.9% revenue share of the global food premix market by 2017 end. However, China is estimated to exhibit a significant CAGR of 7.2% over the forecast period.

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Some of the key players in the global food premix market include, Glanbia plc, Archer Daniels Midland Company, Koninklijke DSM N.V., BASF SE, Jubilant Life Sciences, Fenchem Biotek Ltd., Prinova Group LLC, Watson Inc., Barentz International B.V., LycoRed Limited, SternVitamin GmbH & Co. KG, Farbest Brands and Hexagon Nutrition Pvt. Ltd., and others. The report discusses individual strategies of companies adopted for enhancing their product portfolio, creating new marketing techniques, product offerings, mergers, and acquisitions. The ‘competitive landscape’ is included to provide report audiences with a dashboard view and company share collectively.

Future Market Insights (FMI), in its new research report titled “Infant Nutritional Premix Market: Global Industry Analysis (2017 – 2021) and Opportunity Assessment (2022- 2032)” has included analysis on various market segments of the global market for infant nutritional premix.

The analysis unveils major revenue pockets that the reader can tap in order to grab major hold in the global infant nutritional premix market. In addition, the research report also covers detailed opportunity assessment along with vital insights on each market segment, innovations and developments in infant formula that is triggering the adoption of infant nutritional premixes as well as growth drivers positively influencing the expansion of the global infant nutritional premix market.

“The global market for infant nutritional premix is expanding at a value CAGR of 5.6% throughout the period of forecast (2022-2032) and is anticipated to reach a value higher than US$ 300 Mn by end of the assessment period” – FMI Research Analyst, Food and Beverage Domain

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Increasing Launches of Innovative Premix Products with Growing Usage of Premixes in Infant Nutrition to Significantly Push Global Market Growth

Healthcare sector across the globe has been witnessing noteworthy growth owing to increasing developments in innovative medical and pharmaceutical products, including baby nutritional food premixes. Innovation in nutritional premixes with addition of nucleotides, botanicals, organic ingredients and probiotics is driving the growth of the global infant nutritional premix market.

Moreover, addition of nutritional premixes in infant nutrition products is rising at a robust rate across the world due to rising consumer inclination towards high infant nutrition and baby food products. Infant formulas are mainly blended with iron and vitamin D nutrients for babies who are not being breastfed, and also ingredients such as DHA (docosahexaenoic acid) and ARA (arachidonic acid) are being added with iron and vitamins.

The growing premix consumption across the globe is in turn expected to boost the growth of the Infant nutritional premix market to a larger extent.

Rising Demand for Customized Premixes Witnessed in the Global Market

Use of various customized premixes in baby food and infant formula is currently growing, predominantly in developed countries, owing to the unique formulation of premixes, coupled with rising consumer awareness regarding the benefits of consuming fortified infant nutrition products. Customized vitamin and amino acid premixes are gaining steam and widely used in various infant formulas.

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Higher Consumption of Infant Nutritional Premixes in North America to be Observed in the Coming Years

The demand for nutritional premixes among infant foods is growing in North America, especially in the U.S., due to the increasing awareness associated with various blends of vitamins, amino acids, minerals, nucleotides and herbal extracts, coupled with advanced fortification methods.

This is expected to drive the growth of the infant nutritional premix market in the region. According to research, North America represents a larger regional market for infant nutritional premixes and accounts for a major share in the global market. Moreover, the with growing use of infant nutritional premixes in the region, sale of these products is poised to touch value a little under US$ 103 Mn by 2028 end.

With respect to form, powdered nutritional premixes for infant nutrition are highly preferred. Powder form allows quick mixture and convenient handling as compared to liquid infant nutritional premixes. Moreover, chances of contamination of powdered infant nutritional premixes is less than liquid infant nutritional premixes. Powered form segment is expected to lead the global market in terms of high revenue generation and demand.

By type of ingredients, nucleotides are gaining high traction. Demand for nucleotides in infant nutritional premixes is increasing at the highest rate as compared to other ingredients. Nucleotides are widely used in the pharmaceutical and infant nutrition industries, especially in infant formula. Moreover, premixes with amino acids such as lysine, threonine, and methionine are primarily used by athletes and sports professionals.

In addition, vitamins and nucleotides are widely used in dietary supplements and sports nutrition. Vitamins segment accounts for a higher market share in global infant nutritional premix market.

By function, infant nutritional premixes have witnessed high demand especially for bone health, immunity and digestion. Vitamin D ingredients and probiotics are being added to infant nutritional premixes to enhance bone health.

Competitive Analysis

The research report covers analysis on various key players involved in the manufacturing of infant nutritional premixes. Key companies such as Glanbia Plc, Royal DSM N.V, SternVitamin GmbH & CO. KG, BASF SE, Lycored Limited, Watson-Inc., Fenchem biotek Ltd., Hexagon Nutritional Pvt. Ltd., Jubilant Life Sciences Limited, Farbest Brands, Prinova Group, Barentz International B.V, Vitablend Nederland B.V, ADM company and Vaneeghan International B.V are profiled in this section.

https://www.futuremarketinsights.com/reports/infant-nutritional-premix-market/table-of-content

By Form :

• Powder
• Liquid

By Ingredient :

• Vitamins
• Minerals
• Nucleotides
• Amino Acids
• Others

By Function :

• Bone Health
• Immunity
• Digestion
• Vision Health
• Brain Health & Memory
• Others

By Distribution Channel :

• Pharmacy Stores
• Specialty Outlets
• Supermarkets
• Online channel
• Others

The soluble fiber market, projected for a strong 8% CAGR during 2022 – 2032, will witness continued preeminence of dried beans and peas over other sources. This primacy is attributed to their cheaper price point and subsequently, easier availability. FMI reports that the demand for soluble fiber for usage in nutrition and health supplements will increase at a striking rate through 2022.

Compared to developing regions, the sales of soluble fiber are envisaged to be higher in the countries of North America and emerging markets of Europe.

Established companies as well as startups are investing in the soluble fiber market due to its steady expansion prospects. Cargill acquired EWOS, a market leader in salmon nutritional feed, by entering into an agreement with Altor and Bain capital II in Europe place of antibiotics in production of aqua feed and other animal feed for sustainability of healthy growth of farmed animal and fish.

Soluble fiber Market size is estimated to be around USD 4.97 Bn in 2021 and is estimated to grow at over 10.24% CAGR and is expected to reach a value of USD 14 Bn for the period between 2022 and 2032.

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Key Takeaways – Soluble Fiber Market Study

• Strategic penetration of untapped markets in developing regions coupled with the introduction of low-priced products is projected to create great opportunities for manufacturers. These markets include Africa, India, and Indonesia, where there is a growing demand for soluble fiber products due to an increase in malnutrition rates.
• Lack of awareness about the health benefits of prebiotics, probiotics, and nutritional lipids among prospective customers in developing regions may hamper market growth. Terms like prebiotics and probiotics confuse the customers.
• Consumers now-a-days are not just consuming food to fill their stomach. Consumer preferences are shifting towards health-specific products that prevent diseases as well as boost mental and physical well-being.

Companies should be dedicating their strategic focus to diversification of product portfolio, as it will help them stand out in competition. Lonza Group AG acquisition of InterHealth, a U.S.-based firm allows the former to offer 15 branded ingredients, leading to an extraordinarily extended product portfolio.

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Increasing Demand for Food and Beverage Fortification

Fortification of food and food products with soluble fibers will eventually help in ensuring proper nutrition. It is observed that with balanced diet, consisting of vitamins, minerals, protein, and other components, a person can lose or gain weight in a healthy manner. Thus, the demand for food and beverage products fortified with soluble fibers is expected to lead to robust growth of soluble fibers market.

Find More Valuable Insights on Soluble Fiber Market Report

Future Market Insights, in its new offering, offers an unbiased analysis of the global soluble fiber market, presenting historical demand data (2012-2018) and forecast statistics for the period, 2019-2026. The study divulges compelling insights on the soluble fiber market.

By Source :

• Fruits and Vegetables
• Cereals and Grains
• Others

By Type :

• Pectin
• Beta-glucan
• Polydextrose
• Inulin
• Others

By Application :

• Animal Nutrition
• Food and Beverages
• Nutraceuticals & Pharmaceuticals
• Others

By Region :

• Latin America
• North America,
• Europe,
• Asia Pacific,
• Africa
• The Middle East

Characterized by the increasing demand for vegan, particularly plant-based products, the market for meat substitutes continues its growth at a healthy pace. A new study of Future Market Insights (FMI) foresees that global meat substitutes market will reach beyond US$ 5.6 Bn by 2022 end, further witnessing a notable 5.6% rise through the next seven years.

The thriving free-from trend will continue to shape consumption patterns within the meat substitutes category. Moreover, increasing demand for natural products, frequent product launches, and high awareness about functional benefits of free-from foods would be arguing well for the growth of meat substitutes market.

Impact of meat consumption such as high carbon footprint and the adverse changes in the climatic condition are factors that influence consumers to switch to meat substitutes. Soy-based food production is thus being thoroughly examined for its carbon emissions, including tofu and tempeh production in Indonesia, to compare their sustainable advantages over meat.

Key Takeaways – Meat Substitutes Market Study

• Asia Pacific meat substitutes market offers huge potential in terms of value share. Following the success of products such as tofu as a meat/dairy substitute in Western countries, tempeh and seitan that originate in Asia, will also be favored as meat substitutes in the West.
• Tofu that currently accounts for over 45% market share will remain the favored meat substitute. Tempeh is however set to exhibit a higher rate of consumption in the near future.
  • Manufacturers of meat substitutes are focusing on acquisitions.
  • For instance, Lightlife Foods, which produces vegan meat substitutes like sausages, tempeh, and burgers, was acquired by Maple Leaf Foods Inc., one of Canada’s largest meat processors, for US$ 140 million.
  • In 2017, food giant – Unilever Ltd. invested in Netherlands-based food project Plant Meat Matters. The project focuses on the production of all-vegan steak including meat substitutes for both restaurants and home cooks across the globe.
  • In 2018 Tyson Foods, which is considered as the largest meat processor in U.S., announced its investments in fake meat (meat substitutes).

To boost product sales and stand out from the breakneck competition, manufacturers must now intensify their focus on developing novel meat substitutes that closely mimic not only the taste and texture but also the savory aspects of meat.

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Flexitarians to Push Export Opportunities for Manufacturers

Australia has shown tremendous potential for the growth of meat substitutes market. Over the last few years, several small-sized companies manufacturing meat substitutes have emerged in Eastern Australian regions such as Queensland and Victoria.

As country markets in a particular region tend to take market and demand cues from their neighbors, both Australia and New Zealand influence each other’s food cultures. The flexitarian trend amongst Kiwi consumers is on the rise, and consumers are increasingly demanding variants in vegan and meat substitutes. This presents an enormous opportunity for Australia to expand its export base of meat substitutes especially tempeh in New Zealand.

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Find More About Meat Substitutes Market Report

By Source :

• Soy-based Meat Substitutes
• Wheat-based Meat Substitutes
• Mycoprotien-based Meat Substitutes
• Other sources of Meat Substitutes

By Product :

• Tofu
• Tempeh
• Seitan
• RTC/RTE
• Natto
• Other Products

By Sales Channel :

• Offline Sales Channel
  • Supermarkets/Hypermarkets
  • Departmental Stores
  • Convenience Store
  • Other Sales Channel
• Online Sales Channel
  • Company Website
  • E-commerce Platform

Region :

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

ESOMAR-certified consulting firm Future Market Insights has forecast the global nutraceutical excipients market to surpass a valuation of US$ 2186.2 Mn in 2021. Rising prevalence of lifestyle disorders among geriatric population and increasing adoption of dry nutraceutical excipients among manufacturers have augmented the market growth.

Increasing use in pre & probiotics, omega 3 fatty acids, and ease in regulatory approval by international organizations such as the U.S. Food & Drug Administration are the key factors driving growth in the market.

The rising demand for dietary supplements and increasing cases of cardiovascular diseases across the U.S., Germany, Japan and the UK have boosted the adoption of dietary and nutritional food supplements.

Increasing demand for multi-functional excipients and adoption of oral solid drug formulation among key player for the manufacturing of dry nutraceutical excipients such as tablets, powder forms will continue, creating opportunities for growth.

Spurred by these factors, FMI projects nutraceutical excipients sales to surge at  7.10% CAGR during 2021 and 2031.

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Key Takeaways from FMI’s Nutraceutical Excipients Market Study

• In terms of product type, binders and fillers & diluents will remain the most sought after type of nutraceutical excipients
• Dry nutraceutical excipients will account for over 3/5^th of the global market demand over the forecast period
• The U.S. will emerge as the most lucrative market backed by the rising prevalence of lifestyle disease among geriatric population
• France and the U.K., collectively, will emerge as the most lucrative market across Europe in the upcoming decade
• Japan is anticipated to emerge as a lucrative market backed by the high prevalence of cardiovascular disease and osteoarthritis among geriatric population
• India is anticipated to register high demand over the forecast period owing to the rising government initiatives and high intake of dietary supplements

 “Increasing research & development activities and fast-track regulatory framework have been creating opportunities for growth in the market. Overall, the focus on producing high quality nutraceutical excipients will remain top priority for the market players,” says the FMI analyst. 

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Competitive Landscape

Leading manufacturers of nutraceutical excipients are focusing on product development to gain competitive edge. They also are investing heavily in research & development activities to develop multi-functional excipients with advanced properties to improve the product efficiency. Besides this, they are adopting a slew of expansion strategies to strengthen their footprint worldwide.

For instance, on November 2020, IMCD, a leading global distributor of specialty chemicals and ingredients announced the acquisition of Signet Excipients Private Limited. IMCD will announce the complete acquisition of Signet by 2024 as currently it has acquired 70% of the company’s share and will acquire 30% in 2024.

In 2019, Ropack Pharma Solutions announced the dry blending services for API’s excipients as well as nutraceuticals catering to pharmaceuticals standards.

More Insights on the Global Nutraceuticals Excipients Market

Nutraceutical Excipients Market by Category

By Product Type:

• Binder
  • MCC
  • HPMC
  • HPC
• Disintegrants
  • Crosspovidone
  • Croscarmellose
• Fillers & Diluents
• Coating Agent
• Flavoring Agent
• Lubricants
• Others

By End Use:

• Protein and Amino Acids
• Omega 3 Fatty Acids
• Vitamins
• Minerals
• Prebiotics and Probiotics
• Others

By Form:

• Dry
• Liquid

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

Future Market Insights presents useful insights and a revised forecast of the global liquid smoke market in its published report titled “Liquid Smoke Market: Global Industry Analysis and Opportunity Assessment 2022-2032.” In terms of revenue, the global liquid smoke market is estimated to exhibit a CAGR of 8% over the forecast period, owing to numerous factors, about which Future Market Insights offers thorough insights and forecasts in this report. The liquid smoke market is valued at nearly US$ 70 million in 2021. During 2022-2032 and reach US$ 151 million in revenues.

Global Liquid Smoke Market: Segmentation and Forecast

The market is segmented based on application, distribution channel, and region. Based on application the segmentation includes, meat and seafood, sauces, pet food and treats, dairy, and others. Amongst all the applications, meat and seafood segment is expected to account for the highest market share, followed by sauces segment over the forecast period. The meat and seafood segment is expected to register a significant CAGR of 7.4% during the forecast period in terms of value. The sauces segment is projected to register highest CAGR of 9.6% over the forecast period in terms of value.

Rising purchasing power in certain countries in regions such as North America, Western Europe, and Eastern Europe, is driving spending on processed food such as smoked products. This in turn is expected to increase uptake of liquid smoke products required in processing food products.  A rise in the trend of pet humanization, wherein pet owners treat their pets like family members, is driving spending on premium pet care and pet food products. This trend, especially prevalent in North America and Europe is expected to boost demand for premium pet food. This, in turn, is anticipated to boost the growth of the pet food and treats segment in the global liquid smoke market.

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Global Liquid Smoke Market: Regional Forecast

This report assesses the trends driving the growth of each segment on the global level and offers potential takeaways that could prove substantially useful to liquid smoke manufacturers looking to enter the market. In this report, the global liquid smoke market has been segmented into seven major regions, namely North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan, and the Middle East & Africa (MEA). This report assesses trends driving the growth of each segment on the global level and offers potential takeaways that could prove substantially useful to liquid smoke manufacturers looking to enter the market. North American market has been estimated to dominate the liquid smoke market, accounting for a maximum revenue share of the market by 2017 end. Among the emerging markets, APEJ is estimated to exhibit the highest CAGR of 9.1% over the forecast period.

Latin America’s liquid smoke market was estimated to be valued at nearly US$ 11 Mn in 2017 and is slated to reach a valuation of nearly US$ 25 Mn in 2027, exhibiting a CAGR of 8.7% during the period of assessment. The Japan liquid smoke market was estimated to be valued at nearly US$ 7 Mn in 2017 and is anticipated to reach a valuation of nearly US$ 14 Mn in 2027, exhibiting a CAGR of 7.5% during the period of forecast.

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Global Liquid Smoke Market: Competitive Landscape

Some of the key players in the global liquid smoke market include Red Arrow International LLC, Baumer Foods, Inc., Azelis SA, B&G Foods, Inc., Ruitenberg Ingredients BV, Kerry Group PLC, MSK Ingredients Ltd., Redbrook Ingredient Services Ltd., Besmoke Ltd. Frutarom Savory Solutions GmbH, and others. In this report, Future Market Insights has discussed individual strategies followed by these companies in terms of enhancing their product portfolio, creating new marketing techniques, product offerings, mergers, and acquisitions. The ‘Competitive Landscape’ is included to provide report audiences with a dashboard view and company share collectively.

By Application:

• Meat and seafood
• Sauces
• Pet Food and Treats
• Dairy
• Others (Snacks, Bakery & Confectionary)

By Sales Channel:

• Hypermarket/supermarket
• Convenience Store
• Discount Stores
• Food & Drink Specialty Store
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan
• Japan
• Middle East & Africa

Riding the vegetarian and vegan trends, the global wheat protein market is set for a healthy 4.8% CAGR during 2022 – 2032. An enriched source of plant-based protein, wheat protein is increasingly perceived as a viable alternative for vegetarian and vegan populations. The market will continue to gain impetus from expansion of bakery sector and thriving sales of plant-based food products, as per the findings of a new Future Market Insights (FMI) study.

Newly released data from Wheat Protein Market analysis by Future Market Insights show that the global wheat protein market is estimated to be valued at USD 3.3 billion in 2022 and is projected to reach USD 5.1 billion by 2032.

The gluten-free trend is emerging as a main restraint for growth of the wheat protein market. Moreover, limited technological advancements are a major challenge for shareholders in the wheat protein market. Regional analysis of the global wheat protein market reveals that Europe would exhibit a CAGR of nearly 5% through 2026, on the back of substantial opportunity residing in the region’s bakery sector.

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Key Takeaways – Wheat Protein Market Study

• Europe is emerging as a prominent regional market for wheat protein manufacturers.
  • According to Food Agriculture Organization, European countries produce ~30% of the wheat in the world. Manufacturers of natural ingredient-based proteins are promoting their products through various channels including magazines such as bodybuilding.com, online portals, and marketing campaigns to fuel demand for plant-protein enriched products. This is expected to boost the wheat protein market in Europe.
• Key players in the U.S. and Europe are advised to focus on untapped markets such as China and India, as Asia-Pacific is projected to offer lucrative opportunities in future.
• More than half of the wheat produced worldwide is consumed by humans or used in other applications such as animal feed, cosmetics, and others. Therefore, a very limited amount of wheat is available for extraction of proteins. This along with fluctuating cereal prices and high gluten content in wheat are major factors restraining growth of the global wheat protein market.

Positioning of wheat protein as a healthy alternative to conventional whey protein can bolster adoption among health conscious consumers. Moreover, branding and marketing wheat protein as a vegan product would significantly help increase sales among millennial with high purchasing power.

Increasing Demand for Plant-based Protein

As more consumers turn away from meat, demand for wheat protein products is expected to increase at a rapid pace. Wheat protein is widely gaining popularity and acceptance as a replacement to a wide range of conventional meat-based products. Wheat protein is increasingly used in the food processing industry as a complete or partial meat replacement.

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Extending Application Areas

Wheat protein has wide applications in the food & beverage industry, mainly in sports foods, nutritional supplements, dairy, bakery, and confectionery. These include tenderizing, whipping, and foaming. Consumer opinions on wheat-based protein, along with FDA approvals of wheat protein for usage in food products leads to increasing use in products such as cosmetics and food.

• The Moms Co., established in 2017, provides natural protein shampoo and conditioner, in which wheat protein is a main ingredient.
• Making Cosmetics Inc., provides a hydrolyzed wheat protein solution for applications in skin care and hair-care products.

Know More About Wheat Protein Market Study

Product:

• Wheat Gluten
• Wheat Protein Isolate
• Hydrolyzed Wheat Protein
• Textured Wheat Protein

For:

• Dry
• Liquid

Application:

• Animal Feed
• Bakery & Confectionary
• Nutrition Supplements
• Dairy Products
• Cosmetics and Personal Care
• Other Applications

Region:

• North America
• Latin America
• Europe
• APEJ
• Japan
• MEA

A new Future Market Insights report envisages the global fortified dairy products market to record an impressive CAGR during the forecast period, 2022 to 2032. According to the report, worldwide sales of fortified dairy products are poised to bring in revenues more than US$ 150,000 Mn by 2032-end. According to WHO, many school children are being afflicted with the deficiency of vitamin A. Therefore, vitamin A-fortified dairy products hold immense potential in curtailing this deficiency.

According to Future Market Insights (FMI), The Global Fortified Dairy Products Market size was estimated at USD 109,485 million in 2021 and expected to reach USD 223,441 million in 2032, at a CAGR 6.7%.

With soaring utilization of fortified dairy products, the fortifying agent manufacturers have been concentrating on identification of novel micronutrients in accordance with the development of new, innovative solutions for manufacturers of end-products. A major challenge that prevails for manufacturers of fortified dairy products is the provision of required calcium content comprising products while retaining the products’ taste and appealing properties. Companies actively contributing to growth of global fortified dairy products market, as profiled by FMI’s report, include Fonterra Group Cooperative Limited, BASF SE, Nestlé S.A., General Mills, Inc., Bright Dairy & Food Co., Ltd., Danone, China Modern Dairy Holdings Ltd., GCMMF Ltd., Arla Foods UK Plc, and Dean Foods Company.

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Need to Replenish Lost Nutrients drives Penetration of Fortification into Dairy Products

The dairy industry is one of the most promising among various applications in the food and beverage sector. Although dairy products are deemed as excellent source of essential nutrients, many processing methods that include ultra-heat treatment, pasteurization, spray drying, and heating result into loss of certain imperative nutrients. Replenishing lost nutrients has therefore become imperative, and fortification has emerged as a highly effective method for retaining lost nutrients in dairy products. Moreover, dairy products that are fortified with vitamin D enable improvement in the absorption rate of calcium along with maintaining blood calcium level.

Health-conscious consumers have commenced consumption of yogurts, eyeing them as healthier alternatives to the dairy products including ice creams and milkshakes, which are rich in calories. Accelerated penetration of fortification technology into yogurts has further propelled sale of functional food products. Several countries around the world are better understanding importance of fortification and accepting practice of fortifying dairy products, thereby boosting sales of these products. On the other hand, relatively higher price of fortified dairy products compared to their non-fortified counterparts will curb their adoption among developing and low-income countries to a certain extent.

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APEJ to Dominate Global Fortified Dairy Products Market

The global market for fortified dairy products will continue to be dominated by Asia-Pacific excluding Japan (APEJ), with sales poised to reach nearly US$ 50,000 Mn in revenues by 2032-end. Revenues from the market in APEJ are slated to exhibit the highest CAGR through 2032, followed by North America. Europe will prevail as the second most lucrative market for fortified dairy products. The market in North America will rise at a relatively higher CAGR than that in Europe through 2032.

Milk powder and formula is expected to remain the leading revenue contributing product in the market, trailed by milk and flavored milk. Flavored milk is expected to persist as the fast-selling product in the market through 2032. Sales of dairy-based yogurt and milk in the global fortified dairy products market are expected to record a parallel rise through 2032.

Modern Trade to Remain Leading Sales Channel for Fortified Dairy Products

In terms of revenues, modern trade is expected to remain the leading sales channel for fortified dairy products, with an estimated market share of over 30% during the forecast period. Revenues from fortified dairy products sales in convenience stores and departmental stores will also remain significant, collectively poised to close in approximately similar to those obtained from sales in modern trade.

Although vitamins will remain dominant among micronutrients used for fortifying dairy products in terms of revenues, sales of minerals are expected to register the fastest growth in the market through 2032.

Product Type :

• Milk
• Milk Powder and Formula
• Flavored Milk
• Cheese
• Dairy Based Yogurt
• Other Products

Micronutrients :

• Vitamins
• Minerals
• Other Fortifying Nutrients

Sales Channel :

• Modern Trade
• Convenience Stores
• Departmental Stores
• Drug Stores
• Online Stores
• Other Sales Channel

Region :

• North America
• Latin America
• Europe
• Japan
• Asia Pacific Excluding Japan – APEJ
• Middle East and Africa -MEA

Accounting for over 60% of the total production costs, animal feed remains one of the highest investment areas in animal farming sector. A new market research study of Future Market Insights (FMI) says that as feed enzymes are witnessing growing acceptance over antibiotics within the feed industry, the global market for feed enzymes will showcase a healthy growth outlook over the period of forecast (2022 – 2032). The market value is set to exceed US$ 955 Mn by 2022 end.

Manufacturers are introducing advanced feed enzymes to cut down on expenses and improve feed-stuff utilization. This would remain another strong factor assisting the growth of feed enzymes market in the near future.

Key Takeaways – Feed Enzymes Market Study

• The feed enzymes market will be prominently driven by high demand for carbohydrase-based feed enzymes in the foreseeable future. However, protease-based feed enzymes are set to witness maximum growth opportunities.
  • In 2016, Kemin Industries, Inc. introduced a unique solution of carbohydrases named KEMZYME, to enhance the use of complex feed matrix.
  • In 2017, DuPont Industrial Biosciences, launched DuPont Axtra PRO, a single protease feed enzyme in Latin America. Axtra PRO aims at improving protein digestibility in animal and saves producers cost without compromising on performance or animal health.
• The most commonly used feed enzymes in the poultry industry are phytase and carbohydrase, as they target phytic acid complexes in plant ingredients and remove the viscous fiber in cereals.
• Feed enzymes are gaining significant traction in poultry, as they help in effective utilization of raw materials and reduce feed cost. Besides, the demand will be higher for aquatic animals, attributing to increasing fisheries and farming practices, and rising awareness concerning sustainable and responsible fish farming.
• Recent introductions in the feed enzymes market are based on maize-soy complexes.

Players operating in the feed enzymes market must focus on the development of species-specific feed enzymes benefiting animals at all life-stages and reducing risk of diseases. Manufacturers may benefit from introducing cost-effective products in emerging economies, which are primarily agrarian.

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Demand for Sustainability to Create Lucrative Opportunities for Manufacturers of Feed Enzymes

Key players operating in the feed enzymes market strive to deliver high quality additives and ingredients for animal feed to ensure healthier animals with improved efficiency and productivity. Manufacturers are thus producing animal-specific enzymatic solutions to provide effective solutions.

• In 2019, BASF SE, launched Natuphos E, a next generation phytase for the feed industry in Indonesia. Natuphos E provides overall stability – in premix, and during the harsh pelleting process, in addition to an 18-month shelf life stability. With this new product launch, the company aims to improve nutrient utilisation in poultry. This new feed enzyme also reduces phosphorus emissions from livestock.
• In 2018, Archer-Daniels-Midland Co, expanded its specialty feed additives portfolio, which included fiber-degrading feed enzyme for use in swine and poultry diets. The company aims to improve the animal performance while minimizing cost.
• In 2018, DSM and Novozymes launched the world’s first feed enzyme to increase gut functionality for broiler chicken. This feed enzyme targets at faster feed intake in broilers, reducing the feed required, and aiding sustainable production.

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Know More About What the Report Covers

Feed Enzymes Market Segmentation

By Form:

• Dry
• Liquid

By Product:

• Phytase
• Carbohydrase
• Protease

By Animal:

• Poultry
• Ruminants
• Swine
• Aquatic Animals
• Others (Equine & Pets)