China has taken the lead in Asia-Pacific food premix market, exhibiting a notable single-digit growth during the forecast period, owing to increasing usage of fortified foods in the country. India is likely to follow China in the Asia-Pacific food premix market and grow at a faster-pace owing to changing consumer preferences and growing population of youngsters. APAC food premix market has been driven by rapid urbanization, rising middle-class population along with higher GHDI, western influence on the diets of people and growing focus on health and fitness.
Furthermore, increasing demand for the fortification of food, high prevalence level of the micronutrient deficiency diseases and lack of nutrients in diet are driving the demand for food premix in Asia-Pacific. On a major basis, busy lifestyle leading to increasing availability-needs for quick preparation foods has been driving the demand for food premix across Asia-Pacific. Rapidly increasing cases of pediatric anemia is another major factor contributing towards the increasing demand and supply of food premix in Asia-Pacific.
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Manufacturers in Asia-Pacific food premix market are taking immense efforts in developing products that consist of nutrient-rich food premix, in order to cater to the existing as well as emerging standards of food products. Growing trend for fortification of foods are expected to remain lucrative in the forthcoming years. Adoption of the conventional nutrient systems is anticipated to restrain the Asia-Pacific food premix market during the forecast period.
Vitamins ingredient in Asia-Pacific food premix market are likely to take the lead over the assessment period owing to growing awareness regarding its nutritional importance. Increasing cases of overweight and obesity has been driving the need for food premix in Asia-Pacific for improving energy and weight management issues. In addition, powder form food premix are the most preferred form for consumers across Asia-Pacific food premix market owing to ease-of-storage and ease-of-use, suitable for the fast-paced life. Rapidly increasing need for fortification of foods and beverages has been driving the food and beverage sector in Asia-Pacific.
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Fact.MR is of the point of view that food premix market on a global basis is likely to expand at a steady 5.6% CAGR over the forecast period, 2017-2026. Rapidly increasing cases of appetite loss amongst aging population has resulted in higher expenditure on functional and fortified food, thereby creating significant opportunities for food premix market across the globe in the forthcoming years. Global food manufacturers are taking immense efforts in utilizing various ingredients for enhancing the functionality, flavor and appeal of the food products.
Key players and manufacturers in the food premix market on a global basis are focusing in developing food products integrated with powdered minerals and vitamins for the purpose of reducing iron deficiency in children. Point-of-use fortification of food along with micronutrient powders, which consists of iron holds the potential for alleviating anemia and iron deficiency in children. Manufacturers are increasing their focus on eliminating the mortality rates, morbidity, developmental outcomes and adverse effects caused owing to lack of deficiency, thereby increasing the opportunities for growth of food premix market.
Mr. Rohit Bhisey
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