South America Food Premix Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Premix usually refers to a substance or object which is mixed at an early stage in the manufacturing and distribution process. It consists of various vitamins, minerals, medicaments, feed supplements and diluents. It adds value for substances with sustainable quality. Food premixes are mostly used to enrich the nutritional value. Premixes are used in many food products like animal feed, fortified and packaged foods, milk products and also in various other industries.

South America Food Premix Market Size & Growth:

The South America food premix market was valued at $ XX Billion in 2017 and is estimated to reach $ XX Billion by 2024, at a CAGR of XX% during 2019-2024. The key factors driving the South America food premix market growth are rising demand for food fortification, high prevalence rate of micronutrient deficiency diseases throughout the world and also a diet without the required nutrients causing major health issues Ingredients like DHA (Docosahexaenoic Acid) and ARA (Arachidonic Acid) are also added alongside vitamins, which is increasing demand of premixes in the South America market. The manufacturers are adding nutrient-rich premixes to make sure that the food products are meeting their standards. Foods like wheat, flour maize and vegetable oils are fortified with vitamins, minerals and other useful ingredients to ensure better health. Due to the busy lifestyles of people nowadays there is an increase in demand for foods which can be easily prepared. The other drivers include increasing awareness of fortification of foods has been increasing in the recent years. The primary restraint for the growth of South America food premix market is