Global Customized Premixes Market to Grow with a CAGR of 4.92% through 2028
Rising demand for
functional and fortified foods and focus on personalization and targeted
nutrition is expected to drive the Global Customized Premixes Market growth in
the forecast period, 2024-2028.
According to TechSci Research
report, “Global Customized Premixes Market - Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Customized Premixes Market stood
at USD 1801.06 Million in 2022 and is anticipated to grow with a CAGR of 4.92% in
the forecast period, 2024-2028. Consumers in the United States demonstrate a
strong emphasis on health, driving the demand for functional beverages enriched
with a variety of nutrients, including vitamins, minerals, amino acids, and
nucleotides. Among these beverages, energy and sports drinks stand out as the
most popular choices.
The growing prevalence of
chronic diseases and escalating healthcare costs have led to a surge in dietary
supplement consumption. Consequently, there is an increased demand for
premixes, particularly vitamins and minerals, due to their superior health
benefits. These essential nutrients play a crucial role in maintaining a
healthy immune system, hormonal balance, tissue growth, bone health, and
metabolism regulation.
Furthermore, the demand for
personalized nutrient blends has risen, as nutritional deficiencies vary from
person to person. Consumers have also become accustomed to on-demand and
customized services. As the trend of on-demand personalization continues to
rise, the industry is expected to experience significant growth in the forecast
period.
However, the development of
products with specific requirements and precise fortification, without
compromising taste and texture, necessitates substantial investment in research
and development (R&D). This, in turn, increases product costs, hindering
industry growth. Additionally, challenges such as inaccurate labeling of food
products and issues related to changes in color, texture, and flavor may affect
product demand and pose challenges for market players. Nutraceutical-based
premixes are projected to experience consistent growth in the coming years,
driven by the rising demand for food supplements, specialty nutrition products,
functional drinks, and energy drinks worldwide. Factors such as increasing
disposable income, evolving lifestyles, and a growing inclination towards
healthier dietary choices are expected to drive the consumption of
nutraceuticals, subsequently boosting the growth of this segment.
The fast-paced lifestyle,
which promotes on-the-go eating habits, has led to the increased prevalence of
chronic diseases such as heart diseases, cancer, and diabetes among different
population groups. As a result, there is a growing demand for customized
premixes in the food and beverages industry to meet the rising consumption of
nutrient-rich and fortified food products.
The consumption of dietary
supplements has witnessed significant growth due to changing lifestyles, an
aging population, and increasing health consciousness among consumers.
Additionally, the proliferation of weight management programs is expected to
drive the demand for dietary supplements, consequently boosting the demand for
customized premixes in the coming years.
The increasing use of
vitamins, minerals, and amino acids in the production of nutrition products in
various sectors, including infant nutrition, clinical nutrition, and sports
nutrition, is anticipated to drive the growth of this segment. Moreover, rising
concerns about the health of infants and mothers are expected to fuel the
demand for clinical nutrition products, thereby contributing to the growth of
this segment.
Browse over 26 market
data Figures spread through 91 Pages and an in-depth TOC on "Global
Customized Premixes Market”
The Global Customized Premixes
Market is segmented into type, application, source, regional distribution, and company.
Based
on nutrient, the vitamins segment is expected to dominate the Global Customized
Premixes market in the forecast year. The extensive utilization of vitamin
premixes across various industries, including beverages, dairy products,
cereals, dietary supplements, sports nutrition, and infant nutrition, is
anticipated to drive the growth of this segment in the coming years.The
minerals-based nutrient segment is projected to experience significant growth
during the forecast period, primarily due to its increasing incorporation in
the production of dairy and cereal products, such as milk, yogurt, cream
cheese, and oatmeal. Minerals offer a wide range of health benefits, including
bone health, nerve transmission, muscle contraction, blood pressure regulation,
and immune system support.
Based on
form, powder form segment is expected to grow during the forecast period. Powdered
premixes are widely favored over their liquid counterparts due to their
superior benefits, including cost-effectiveness, convenient packaging,
stability, and flexibility. They are particularly preferred by end-use
industries such as food and beverage and dietary supplements. The production
processes commonly used for powder premixes are spray drying and freeze-drying.
Among these, spray drying is popular for its shorter cycle time, scalability,
and cost-effectiveness compared to freeze-drying.
On the
other hand, liquid premixes offer flexibility in dosing and faster absorption.
The high-water content in the liquid form allows for easy mixing in various formulations,
making it a popular choice in the food and beverage industry for products like
yogurt, smoothies, and energy drinks. However, bulk packaging of liquid
premixes can be inconvenient and requires more storage space. Additionally,
liquid premixes tend to be more expensive, have a shorter shelf life, and often
require refrigeration. These factors contribute to the preference for powder
premixes over liquid alternatives.
Major companies
operating in Global Customized Premixes Market are:
- Archer Daniels Midland Company (ADM Animal Nutrition, Inc.)
- Koninklijke DSM N.V.
- Glanbia PLC
- Corbion N.V.
- Piramal Enterprises Limited
- Prinova Group LLC
- Vitablend Nederland B.V.
- SternVitamin GmbH & Co. KG (Stern-Wywiol Gruppe GmbH & Co. KG)
- Wright Enrichment, Inc.
- Farbest Brands
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“The market growth is primarily driven by the growing
preference for ready-to-eat foods (RTEs) fortified with active nutrients and
compounds, which has led to increased adoption of customized premixes
worldwide. Furthermore, the busy lifestyles and the rising trend of on-the-go
consumption have contributed to this growth. Tailor-made premixes are also
being increasingly used for livestock feed production. In order to fortify
salad dressings, infant formulas, cereals, and dietary supplements, major
players in the industry are introducing innovative liquid premixes. These
products, available in various colors, tastes, and scents, cater to consumers'
essential nutrient needs. Additionally, increased investment in advertising and
promotional activities by these players has significantly contributed to the
growth of the Customized Premixes Market.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Global
Customized Premixes Market By Type (Carbohydrase,
Lipase, Protease, Others), By Application (Bakery Products, Beverages, Dairy
Products, Others), By Source (Microorganisms, Animals, Plants), By Region, By
Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future
growth potential of Global Customized Premixes Market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Customized Premixes Market.
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