The rising demand for fortified custom premixes across the globe backed by the increasing demand for food fortification is expected to be the primary factor driving the market growth during the forecast period. The demand for food fortification has witnessed a significant surge recently, and this spike in demand is attributed to the high rate of disorders occurring from micronutrient deficiency among the population across the globe. Also the risk of malnourishment due to lack of micronutrients intake from food is driving the market.
The global food premix market includes primary participants such as Hexagon Nutrition Pvt. Ltd., Archer Daniels Midland Company, Glanbia plc, Fenchem Biotek Ltd., SternVitamin GmbH & Co. KG, Barentz International, Jubilant Life Sciences, WATSON-INC, Prinova Group LLC, Farbest Brands, BASF SE, Koninklijke DSM N.V., and. Lycored Ltd. among others.