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Forecast Period
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2024-2028
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|
Market Size (2022)
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USD 1801.06 million
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CAGR (2023-2028)
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4.92%
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Fastest Growing Segment
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Vitamins
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Largest Market
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North America
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Market Overview
Global Customized Premixes Market has
valued at USD 1801.06 Billion in 2022 and is anticipated to grow with a CAGR of
4.92% through 2028. Food fortification with various micronutrients is a
fundamental aspect of producing nutritional bars, bakery products, beverages,
and supplements. The fortification aligns with FDA guidelines, encompassing
vitamins, minerals, probiotics and prebiotics, amino acids, and nucleotides,
among others. Adequate daily intake of these micronutrients aids in maintaining
a balanced diet and promoting overall well-being. In response to heightened
consumer demand, companies are prioritizing the development of food products
that fulfill nutritional requirements. For example, Nestle has introduced a
range of vitamin and mineral-based beverages, including vitamin B and A, to
meet consumer needs.
In animal feed, the health of livestock
and other animals is of paramount importance. Customized premixes targeting
specific functions such as reproduction, meat quality enhancement, and milk
production have influenced feed producers to cater to consumer requirements.
The composition of micronutrition in animal feed supports gut health, livestock
management, and feed palatability. Increasing awareness of animal health has
driven the consumption of feed fortified with micronutrients.
Key Market Drivers
Rising
Awareness for Healthy Lifestyle
Customized premixes are formulated
blends of essential food ingredients in specific concentrations that meet the
nutritional requirements. The rise of urbanization and increasingly busy
lifestyles have significantly impacted human habitats, including eating habits
and health awareness.
As a result, consumers are increasingly
prioritizing healthy food choices and seeking out nutritional supplements. The
COVID-19 pandemic has further amplified the importance of health, immunity, and
overall well-being, affecting both urban and rural areas. This heightened
awareness of a healthy lifestyle is expected to persist in the coming years.
Consequently, there is a notable shift
amongst customers towards incorporating functional ingredients into their diets
and opting for healthy ready-to-eat food products.
Growing
Demand for Ready-Made Meals
Premixes are tailored blends of
preferred functional ingredients, including vitamins, amino acids, minerals,
nucleotides, prebiotics, nutraceuticals, fibers, herbs, and more. These
ingredients are combined in a single, efficient, and homogeneous form known as
customized premixes. Customized premixes are provided for processed food,
dietary supplements, healthy beverages, ready-to-eat food, energy drinks, and
other applications.
As a result, the preparation of these
food supplements is timesaving and in high demand due to the influence of rapid
urbanization and busy schedules. Customized premixes bring together two or more
functional ingredients in a single nutrient premix, further enhancing their
benefits.
Rising
Demand of Customized Premixes as Supplement
The increasing prevalence of chronic
diseases and rising healthcare costs have led to a surge in the consumption of
dietary supplements. This, in turn, has resulted in a higher demand for
premixes, particularly vitamins and minerals, due to their superior health
benefits. Vitamins and minerals play a crucial role in maintaining various
health functions, such as supporting a healthy immune system, hormonal balance,
tissue growth, bone health, and metabolism regulation.
Moreover, there is a growing demand for
customized nutrient blends based on individual requirements, as nutritional
deficiencies can vary from person to person. Additionally, consumers have
developed a preference for on-demand and personalized services. With the rise
of on-demand personalization, the industry is expected to experience
significant growth during the forecast period.
Growing
Demand for Processed Food
Processed meals are consumed due to busy
lifestyles, leading to a surge in the global custom premix market. Advertising
and promotional efforts further contribute to the growth of the worldwide
customizable premix market. The demand for improved and functional foods drives
the expansion of the customized premix market worldwide, as consumers become
more aware of the nutritional components used in flavors, colors, and textures.
Additionally, factors such as increased consumption of prepared food and the demand
for packaged food in pursuit of healthy and nutritious meals are expected to
fuel growth in the target market.
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Key Market Challenges
High
Cost of Premix Products
Food enrichment is performed to
supplement processed food with nutrients. As a result, the inclusion of
nutrients in food necessitates the use of specific facilities and a variety of
essential ingredients. This process involves the addition of essential
micronutrients, trace elements, and vitamins to food products. Consequently,
the pricing of these fortified products is influenced by the cost of these
vitamins and trace elements.
The enrichment of food-by-food producers
or governments, as part of a public health program, aims to address dietary
deficiencies within a population. By adding micronutrients to staple foods and
condiments, the occurrence of widespread deficiency diseases can be prevented.
In such circumstances, the primary diet may lack specific nutrients due to
inherent deficiencies in the staple foods. Therefore, the nutrients commonly
included in enriched food products are vitamin A, B vitamins, vitamin D, folic
acid, iodine, and iron. The execution of this process necessitates technical
expertise and the use of automated instrumentation.
Lack of Product Awareness in the Rural
Areas
The awareness is predominantly
increasing in developed countries, while rural areas in developing countries,
where there is a significant need for nutritional supplements, lack awareness
of the benefits and availability of customized premixes. This lack of awareness
is impeding the growth of the market. Additionally, the high cost of enriched
and fortified products, along with inaccurate labeling of food products, is
also restraining market growth.
Key Market Trends
Demand
for Customized Premixes in Animal Feed Industry
The increasing consumption of high-quality
animal feed and feed-based products has significantly boosted global poultry
farming and livestock production. This surge in livestock production is a key
driver for the demand of animal feed, particularly animal feed premixes.
The growing demand for animal feed-based
products, coupled with the focus on nutritional and protein-enriched
supplements, aims to enhance profitability and improve animal health.
Government bodies are implementing guidelines at both local and industrial
levels to ensure manufacturers provide animal feed with essential ingredients
that promote health and immunity against diseases. Various manufacturers employ
diverse commercial techniques and practices to deliver superior quality animal
feed.
Use of
Premixes in Nutritional Fortification
Premixes are being used to fortify
various food and beverage products with essential nutrients, such as protein,
vitamins, minerals, and omega-3 fatty acids. Nutritional fortification
addressed nutritional gaps in diets and supported overall health and wellness.
Consumers are increasingly seeking personalized nutrition solutions that can cater
to their specific dietary needs, health goals, and lifestyle preferences.
Customized premix products are allowing manufacturers to incorporate functional
ingredients, vitamins, minerals, and bioactive compounds tailored to individual
or target group requirements.
Segmental Insights
Application Type Insights
In 2022, the Food
& beverage segment accounted for the largest market share. Customized
premixes are extensively utilized in the food and beverage industry, including
energy drinks, beverages, nutritional drinks, carbonated water, fruit juices,
and other carbonated beverages. Furthermore, the use of customized premixes in
bakery, confectionery, cereals, and dairy products is expected to drive the
growth of the customized premixes industry.
The rise in on-the-go
eating trends due to busier lifestyles has led to an increase in chronic
diseases among millennials, such as diabetes, cancer, and heart diseases. This
has resulted in a higher consumption of nutrient-rich fortified foods, thereby
boosting the food and beverage market segment. The consumption of dietary
supplements has also significantly increased due to factors such as the aging
population, changing lifestyles, and growing health consciousness among
consumers.
Furthermore,
the segment's growth prospects are supplemented by the increasing popularity of
weight reduction programs. Additionally, the incorporation of vitamins and
amino acids in infant, clinical, and sports nutrition is expected to foster the
growth of this segment. Growing concerns regarding the health of infants and
mothers are projected to drive the uptake of related products.
Nutrient Type Insights
The vitamins-based
nutrient segment has emerged as a leader in the industry, capturing more than
36.0% of the global revenue in 2019. The extensive utilization of vitamin
premixes across various applications, including beverages, dairy products,
cereals, dietary supplements, sports nutrition, and infant nutrition, is
expected to drive the growth of this segment in the coming years.
Moreover,
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 range of health benefits,
including bone health, nerve transmission, muscle contraction, blood pressure
regulation, and immune system support.
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Regional Insights
The North
American region holds a significant market share due to the surging demand for
healthy and functional foods. This is driven by the high consumption of
processed foods resulting from busy lifestyles, as well as the growing consumer
awareness of the health benefits of fortified foods. Additionally, the region
exhibits low exposure to food. On the other hand, the Asia-Pacific region is
experiencing the fastest growth, attributed to the increasing demand for
functional foods, changing lifestyles, rising income levels, and greater
purchasing power. Consumers in this region are increasingly seeking nutritious
and healthy products, which has contributed to the market expansion of the
Customized Premixes Market.
Recent Developments
Buddy Nutrition, a provider of nutritional
supplements and custom food based in the US, introduced a new protein premix
solution in August 2019. The powder is available in 7 different flavors and
contains 17 macro ingredients as well as 10 booster supplements. It offers
vegan and paleo options for consumers.
In August 2019, Prinova Group LLC, a
functional ingredients and premix supplier, announced the expansion of its
operations in the Asia Pacific region with the opening of a new facility in
Australia. This strategic move aims to meet the increasing demand for
supplements in the region.
In February 2018, SternVitamin GmbH & Co.
launched a micronutrient premix for beverages, capitalizing on the trend of
healthy hydration. This premix aims to promote healthy bones and heart.
In February 2020, Koninklijke DSM NV acquired
Glycom, a Denmark-based biotechnology company, for approximately $836M. This
acquisition was driven by the goal to enhance its portfolio of nutritional
lipids, vitamins, and nutrient premixes for the early life nutrition industry,
specifically by adding Human Milk Oligosaccharides (HMO) to its offerings.
Key Market Players
- 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
|
By Nutrient
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By Form
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By Function
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By Application
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By Region
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|
Vitamins
Minerals
Amino Acids
Nucleotides
Antibiotics Others
|
Powder
Liquid
|
Bone Health
Skin Health Immunity
Digestion
Others
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Food & Beverages
Dietary Supplements
Nutritional Products Others
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North America
Europe
Asia Pacific
South America
Middle East &
Africa
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Report Scope:
In this report, the Global Customized Premixes Market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
·
Customized Premixes Market,
By Nutrient:
o
Vitamins
o
Minerals
o
Amino
Acids
o
Nucleotides
o
Antibiotics
o
Others
·
Customized Premixes Market,
By Form:
o Powder
o Liquid
·
Customized Premixes Market,
By Function:
o Bone Health
o Skin Health Immunity
o Digestion
o Others
·
Customized Premixes Market,
By Application:
o Food & Beverages
o Dietary Supplements
o Nutritional Products
o Others
·
Customized Premixes Market, By Region:
o North America
§
United
States
§
Canada
§
Mexico
o Europe
§
France
§
United Kingdom
§
Italy
§
Germany
§
Spain
o Asia-Pacific
§
China
§
India
§
Japan
§
Australia
§
South
Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§
South
Africa
§
Saudi
Arabia
§
UAE
§
Kuwait
§
Turkey
§
Egypt
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the Global Customized Premixes
Market.
Available Customizations:
Global Customized Premixes Market report with the given market data,
TechSci Research offers customizations according to a company's specific
needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Global Customized Premixes Market is an upcoming report to be
released soon. If you wish an early delivery of this report or want to confirm
the date of release, please contact us at [email protected]