Reports
India Food Fortification Premix Market: Regional Analysis; Key Segmentation and Scope; Industry Opportunities and Challenges; Market Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Trade Data Analysis; Price Analysis; Industry Events and Developments; Competitive Landscape, 2024-2032
Food Fortification Premix Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices
The India Food Fortification Premix market reached a value of about USD 1139.60 billion in 2021. The industry is projected to grow at a CAGR of around 23.2% in the forecast period of 2022-2027 to reach a value of about USD 3984.89 billion by 2027.
The India Food Fortification Premix industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The crisis of nutrient deficiencies among the region's population is propelling the industry's growth. Globally, India and Asia's Pacific region ranks third after North America and Europe as the highest category spender by region, driving the demand for the Food Fortification Premix industry.
Industry Definition and Segmentation
The process of adding micronutrients (vitamins and essential trace elements) to food and promoting public health with little danger to the individuals is known as food fortification. It enhances the nutritional value of staple foods; including micronutrients can assist in replenishing micronutrient content lost during processing. Food producers or governments can implement it as a public health initiative to lower the population's rate of dietary deficiencies. The Food Fortification Premix industry report comprises segments by Type (Vitamin Premix, Mineral Premix, Others), Form (Powder, Liquid), Application (Sports Nutrition and Dietary Supplements, Infant/Early Nutrition, Processed Foods, Beverages, Food Staples, Others) and Region (North America, Europe, and the Asia Pacific).
APAC and India Regions are Driving the Growth of the Food Fortification Premix Industry.
In the Global market, India and Asia's Pacific region rank third after North America and Europe in the industry. The severity of malnutrition among the Indian population and various government measures to counter the problem will likely drive the industry demand in the future.
The market is being driven by the fact that the Indian population has a micronutrient insufficiency that poses a severe concern, particularly for the economically weaker section. Children were identified with various micronutrient deficiencies like vitamins A, B, and D, zinc, calcium, iron, and iodine. As a result, baby feeding became a crucial application area that supported the market expansion in India. The efforts made in the region, like fortifying salt with iodine and Vanaspati with vitamin A are vital initiatives aiding the market. Furthermore, the active government's ever-increasing efforts to strengthen food staples to fight malnutrition and increase demand for fortified foods brought on by a higher knowledge of healthy dietary options are essential factors supporting the market's expansion.
Best Procurement Practices
The India Food Fortification Premix industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major India Food Fortification Premix regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Category Management Studies
Standard food products can be fortified in two different ways: by adding back and by adding. As grains that are processed lose nutritious value, Enriched Niacin, riboflavin, thiamine, iron, folic acid, and folic acid are all re-added to flour. In contrast, micronutrients not naturally present in those foods are added to other fortified foods. The stages of addiction may also be used to classify food fortification: industrial and commercial fortification, biofortification, and home defence.
Demand for Functional Foods, Further Augmenting the Food Fortification Premix Market
The industry is developing due to a shift in urban consumers' tastes for functional foods and a marked uptick in the fortification of everyday food staples like edible oil, milk, wheat, rice, and salt. Moreover, functional foods like protein bars and beverages have shown a rising demand from consumers looking for ways to lose weight while leading healthy lifestyles, combined with a growing emphasis on sports nutrition for fitness. Due to these factors, sports nutrition and dietary supplements are the second-largest application sector in the market after food staples and are predicted to expand further.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
Key Industry Players Mentioned in the Food Fortification Premix Industry Report.
- DSM Nutritional Products India Pvt. Ltd.
- Piramal Enterprises Ltd.
- P D Navkar Biochem Pvt. Ltd.
- Hexagon Nutrition Pvt. Ltd.
- Pristine Organics Pvt. Ltd.
Market Landscape
Capacity, plant turnarounds, expansions, investments, and mergers and acquisitions are the main areas of concentration for the market's key competitors.
Key Initiatives by Companies
- 23 June 2022: Piramal Enterprises Ltd. said on Thursday that its combined net profit for the three months ending in March was 150.5 crore, as opposed to a loss of 510.4 crores during the same time the previous year.
- 7 March 2022: The Securities and Exchange Board of India (Sebi) has given the go-ahead for Hexagon Nutrition Limited (HNL), backed by Somerset, to raise Rs 600 crore through an IPO (IPO).
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 India
7 Industry Opportunities and Challenges
8 India Food Fortification Premix Market Analysis
8.1 Key Industry Highlights
8.2 India Food Fortification Premix Historical Market (2017-2021)
8.3 India Food Fortification Premix Market Forecast (2022-2027)
8.4 India Food Fortification Premix Market by Type
8.4.1 Vitamin Premix
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Mineral Premix
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Others
8.5 India Food Fortification Premix Market by Form
8.5.1 Powder
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Liquid
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 India Food Fortification Premix Market by Application
8.6.1 Sports Nutrition and Dietary Supplements
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Infant/Early Nutrition
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Processed Foods
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Beverages
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2017-2021)
8.6.4.3 Forecast Trend (2022-2027)
8.6.5 Food Staples
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2017-2021)
8.6.5.3 Forecast Trend (2022-2027)
8.6.6 Others
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyers Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Value Chain Analysis
11 Trade Data Analysis
11.1 Major Importing Countries
11.1.1 By Value
11.1.2 By Volume
11.2 Major Exporting Countries
11.2.1 By Value
11.2.2 By Volume
12 Price Analysis
12.1 Vitamin Premix Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.2 Mineral Premix Historical Price Trends (2017-2021) and Forecast (2022-2027)
13 India Food Staples Fortification Premix Market Overview
13.1 Edible Oil Fortification
13.2 Milk Fortification
13.3 Wheat Flour Fortification
13.4 Double Fortified Salt
13.5 Rice Fortification
14 India Food Staples Fortification Premix Market: Current Status (2021)
15 India Food Staples Fortification Premix Market: FSSAI Standards
16 India Food Staples Fortification Premix Market Analysis
16.1 Key Industry Highlights
16.2 India Food Staples Edible Oil Fortification Premix Market
16.2.1 Historical Trend (2017-2021)
16.2.2 Forecast Trend (2022-2027)
16.2.3 Breakup by Premix Brands
16.2.3.1 Pristine Organics
16.2.3.2 Piramal Enterprises
16.2.3.3 Hexagon Nutrition
16.2.3.4 Others
16.3 India Food Staples Milk Fortification Premix Market
16.3.1 Historical Trend (2017-2021)
16.3.2 Forecast Trend (2022-2027)
16.3.3 Breakup by Premix Brands
16.3.3.1 P D Navkar Biochem
16.3.3.2 Piramal Enterprises
16.3.3.3 DSM Nutritional Products
16.3.3.4 Others
16.4 India Food Staples Wheat Flour Fortification Premix Market
16.4.1 Historical Trend (2017-2021)
16.4.2 Forecast Trend (2022-2027)
16.4.3 Breakup by Premix Brands
16.4.3.1 P D Navkar Biochem
16.4.3.2 Hexagon Nutrition
16.4.3.3 DSM Nutritional Products
16.4.3.4 Others
16.5 India Food Staples Double Fortified Salt Premix Market
16.5.1 Historical Trend (2017-2021)
16.5.2 Forecast Trend (2022-2027)
16.5.3 Breakup by Premix Brands
16.5.3.1 Wella Nutrologicals
16.5.3.2 DSM Nutritional Products
16.5.3.3 Others
16.6 India Food Staples Rice Fortification Premix Market
16.6.1 Historical Trend (2017-2021)
16.6.2 Forecast Trend (2022-2027)
16.6.3 Breakup by Premix Brands
16.6.3.1 Piramal Enterprises
16.6.3.2 DSM Nutritional Products
16.6.3.3 Pristine Organics
17 Food Staple Fortification Premix Price Analysis
17.1 Edible Oil Fortification Premix Historical Price Trends (2017-2021) and Forecast (2022-2027)
17.2 Milk Fortification Premix Historical Price Trends (2017-2021) and Forecast (2022-2027)
17.3 Wheat Flour Fortification Premix Historical Price Trends (2017-2021) and Forecast (2022-2027)
17.4 Double Fortified Salt Premix Historical Price Trends (2017-2021) and Forecast (2022-2027)
17.5 Rice Fortification Premix Historical Price Trends (2017-2021) and Forecast (2022-2027)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 DSM Nutritional Product India Pvt Ltd.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Piramal Enterprises Ltd.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 P D Navkar Biochem Pvt Ltd.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Pristine Organics Pvt. Ltd
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Fuerst Day Lawson (India) Pvt Ltd.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Manisha Pharmo-Plast Pvt Ltd.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 AQC Chem-Lab Pvt. Ltd.
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Hexagon Nutrition
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Global Calcium Pvt Ltd.
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Others
19 Consumer Analysis
20 Industry Events and Developments
The India Food Fortification Premix market size was valued at USD 1139.60 billion in 2021.
In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 23.2%.
The significant demand for functional foods is one of the essential drivers of the Food Fortification Premix market growth.
DSM Nutritional Product India Pvt Ltd., Piramal Enterprises Ltd., P D Navkar Biochem Pvt Ltd., Pristine Organics Pvt. Ltd, Fuerst Day Lawson (India) Pvt Ltd., Manisha Pharmo-Plast Pvt Ltd., AQC Chem-Lab Pvt. Ltd., Hexagon Nutrition, Global Calcium Pvt Ltd., and others are some of the major companies in the market.
The India and Asia Pacific region of the Food Fortification Premix industry holds a significant share in the market.
The India Food Fortification Premix market attained a value of USD 1139.60 billion in 2021, driven by the fact that the Indian population has a micronutrient insufficiency that poses a severe concern, particularly for the economically weaker section. Due to the growing shift in urban consumers' tastes for functional foods, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 23.2%. The market is projected to reach USD 3984.89 billion by 2027. Some of the leading players in the industry are DSM Nutritional Product India Pvt Ltd., Piramal Enterprises Ltd., P D Navkar Biochem Pvt Ltd., and Pristine Organics Pvt. Fuerst Day Lawson (India) Pvt Ltd., Manisha Pharmo-Plast Pvt Ltd., AQC Chem-Lab Pvt. Ltd., Hexagon Nutrition, Global Calcium Pvt Ltd., Others.
Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate and actionable and help them remain ahead of their competition.
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