Overview and Scope
The customized premixes are used to supplement the diet with a suitable and safe nutrient quantity. A customized premix refers to a set of nutrients added as per the individual nutritional requirements to fulfill one’s nutritional requirements and overcome nutrient deficiencies.
Sizing and Forecast
The customized premixes market size has grown strongly in recent years. It will grow from $1.86 billion in 2023 to $2.01 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to increase in health awareness, change in dietary patterns, rise in disposable income, aging population, rise in nutrition deficiencies.
The customized premixes market size is expected to see strong growth in the next few years. It will grow to $2.76 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to rising personalized nutrition, growth in functional foods and beverages, global population growth, rising e-commerce sector, favorable governmnet support. Major trends in the forecast period include clean label and natural ingredients, plant-based and vegan solutions, immunity-boosting nutrients, convenience and on-the-go products.
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Segmentation & Regional Insights
The customized premixes market market covered in this report is segmented –
1) By Nutrient: Vitamins, Minerals, Amino Acids, Nucleotides, Nutraceuticals, Other Nutrients
2) By Form: Powder, Liquid
3) By Application: Beverages, Dairy, Cereals, Bakery and Confectionery, Nutrition Products, Dietary Supplments
North America was the largest region in the customized premixes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the customized premixes market market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing demand for vitamin and mineral-enriched foods is expected to propel the growth of the customized premixes market going forward. Vitamin and mineral-enriched foods refer to foods that are loaded with minerals and vitamins, such as eggs, vegetables, milk, meat, and many more. Vitamins and minerals mixture help in customized premixes based on their product requirements and to fulfill nutritional requirements and overcome nutrient deficiencies. For instance, in February 2022, according to the report published by Agriculture and Agri-Food Canada, a department of the Government of Canada, the retail sales value of fortified or functional foods and beverages in the United States increased to $68.9 billion in 2021, compared to $67.9 billion in 2020. In addition, they are projected to reach $79.1 billion in 2025, up 3.5% compared to 2021. Therefore, the increasing demand for vitamin and mineral-enriched foods is driving the growth of the customized premixes market.
Key Industry Players
Major companies operating in the customized premixes market market include Archer Daniel Midland Company, Koninklijke DSM N.V., Vitablend Netherland B.V., Stern Vitamin GmbH & Co. Kg, Wright Enrichment Inc., Glanbia plc, Corbion N.V., Prinova Group LLC, Jubilant Life Sciences Limited, Provimi Animal Nutrition India Pvt. Ltd, Utrix SAL, ADM Animal Nutrition Co., Pristine Organics Private Limited, BI Nutraceuticals, Farbest Brands Corp., Piramal Enterprises Limited., BASF SE, Cargill Incorporated, Archer Daniels Midland Company, Koninklijke FrieslandCampina N.V., Glanbia Nutritionals Plc, Nutreco N.V., Kemin Industries Inc., Watson Inc., Hexagon Nutrition Pvt. Ltd., Barentz International B.V., Stern Ingredients India Pvt. Ltd., Prinova Europe Limited, Farbest-Tallman Foods Corporation
The customized premixes market report table of contents includes:
1. Executive Summary
- Customized Premixes Market Characteristics
- Customized Premixes Market Trends And Strategies
- Customized Premixes Market – Macro Economic Scenario
- Global Customized Premixes Market Size and Growth
. - Global Customized Premixes Market Competitive Benchmarking
- Global Customized Premixes Market Competitive Dashboard
- Key Mergers And Acquisitions In The Customized Premixes Market
- Customized Premixes Market Future Outlook and Potential Analysis
- Appendix
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