The new report by Expert Market Research titled, ‘India Food Fortification Premix Market Report and Forecast 2021-2026’, gives an in-depth analysis of the India food fortification premix market, assessing the market based on its segments like type, form, sectors, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): 925 metric tons
- Forecast CAGR (2021-2026): 2%
- Forecast Market Size (2026): 1504 metric tons
Micronutrient deficiency is a serious concern in India, especially among the poor. India was one of the first countries to stipulate that iodine be added to salt and Vanaspati be supplemented with Vitamin A. As individuals become more aware of healthier dietary options and active government programmes to fortify food staples to prevent malnutrition, the market in India is booming.
The adoption of FSSAI regulations for fortification in 2017 and its efforts to encourage the use of fortified staples has increased demand for premixes for this use in India, boosting the overall market growth.
Due to changing consumer preferences for functional foods among the urban population and a significant increase in the fortification of food staples such as edible oil, milk, wheat, rice, and salt that will be distributed through various government schemes in the country, the food fortification premix market is expected to grow significantly in the years ahead. Between 2021 and 2026, the Indian market is expected to increase at a CAGR of around 23%.
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Industry Definition and Major Segments
By type, the present report provides a segment-wise analysis of the market on:
- Vitamin Premix
- Mineral Premix
- Other Premixes
By form, this report provides a segment-wise analysis of the market based on:
- Powder Premix
- Liquid Premix
Premixes used for fortification, that enhances the nutritional value of various food commodities, are commonly used in the following sectors:
- Sports Nutrition and Dietary Supplements
- Processed Foods
- Food Staples
- Infants/ Early Nutrition
- Beverages
Market Trends
People looking for weight management solutions while maintaining a healthy lifestyle are increasingly turning to functional meals like protein drinks and bars, as well as a rising reliance on sports nutrition for fitness. Due to these factors, sports nutrition and dietary supplements are the second largest application sector in the market, following food staples, and are predicted to continue to develop steadily in the future years.
In 2012, 45 per cent of youngsters were identified with micronutrient deficiencies, including Vitamin A, B, and D, zinc, calcium, iron, and iodine, which accounted for the top seven. As a result, infant nourishment became an important application area that assisted the market’s expansion in India.
Key Market Players
The major players in the market are DSM Nutritional Products India Pvt. Ltd., Piramal Enterprises Ltd., P D Navkar Biochem Pvt. Ltd., Hexagon Nutrition Pvt. Ltd., Pristine Organics Pvt. Ltd., Fuerst Day Lawson (India) Pvt. Ltd., Manisha Pharmo-Plast Pvt. Ltd., AQC Chem-Lab Pvt. Ltd. and Global Calcium Pvt. Ltd. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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