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The plant-based premix market is driven by the growing demand among aging populations. The adoption rate of plant-based premix is high among the health-conscious people. Additionally, developments of sustainable packaging solutions are highlighting the popularity of such products. Growing concerns about health lifestyles are driving demand for healthy snacks. Moreover, expanded e-commerce is fueling this demand by allowing easy access to consumers. Consumers spending on premium products for better value-added food consumption are driving innovation growth in the plant-based premixes.
Increasing disposable income and changing consumer preferences are expected to witness significant purchase growth of the plant-based preferences. Consumer awareness for health attributes is likely to continue market expansion.
Asia Pacific held the largest market share due to increasing consumer health consciousness. China witnesses the highest demand for plant-based premixes due to growing awareness of chronic diseases like diabetes and obesity. Moreover, India is projected to witness market growth due to countries increasing vegan populations. On the other hand, North America is expected to lead the market in the forecast period due to consumer awareness about the impacts of artificial chemicals, leading to drive demand for the plant-based premixes.
By Premix Type
By End Use
By Form
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Stats ID: | 6238 |
Format: | Databook |
Published: | November 2024 |
Delivery: | Immediate |
Stats ID: | 6238 |
Format: | Databook |
Published: | November 2024 |
Delivery: | Immediate |
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