The global customized premixes market size is expected to reach US$ 2.0 Bn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 7.3% CAGR between 2020 and 2030. According to the report, the rising need for enrichment of food due to nutrient losses while food processing coupled with the convenience associated with the use of a single mixture of ingredients as compared to multiple ingredients will propel the growth of the market.
It includes in-depth insights into the customized premixes market. Some of these are:
- The estimated value of the market was at US$ 1.0 Bn in 2020
- North America is anticipated to grow at the highest CAGR
- Europe to represent considerable volume of share in the market
- Markets in Latin America and the Middle East and Africa are still at nascent stage
- Due to growing awareness of the health benefits of customized premixes and increasing demand for premixes, Asia Pacific currently accounts for the leading share in the global customized premix market in terms of volume
- The high growth opportunity in developing markets and untapped regions to enable market players gain competitive advantage
“Strategies adopted by leading market players are likely to have significant impact on the customized premixes market. Currently these companies are re-evaluating their supply-chain network and resources to ensure minimum wastage. Steps taken by them to stay afloat amidst ongoing crisis will enable growth in the market in the coming years,” said a lead analyst at FMI.
Despite Adaptation to Healthy Lifestyle, Change in Demand Likely Due Rising Incidence of Various Diseases
Changing and busy lifestyle of consumers is impacting their eating habits. It is causing dietary deficiency in the body and making it vulnerable to various diseases. Thus, personalized premixes have become the best alternative for fulfilling the body's supply of nutrients. It is the combination of macro- and micro-nutrients that improves the target product's nutritional value. Such personalized premixes contain nutrients such as amino acids, nutraceutical, vitamins, minerals, spices, nucleotides and others. Considering the rising incidence of various diseases and prevalence of malnutrition in underdeveloped countries, the demand for customized premixes will rise considerably in the coming years.
Who is Winning?
For More Detailed Insights on Customized Premixes Market
Some of the key players in the global customized premixes market are Glanbia plc., Vitablend, Corbion, DSM, Stern Vitamins GmbH, Arla, Cargill, Watson, The Wright Group and Farbest Brands. Increasing disposal income and changing lifestyles are expected to fuel demand growth in the near future for the globally personalized premixes. However, there is projected to be rising demand for nutritious & balanced products to fuel market growth. Furthermore, diversification of people's eating habits of China and India will lead to the development of the global market for custom premixes.
Get Valuable Insights into Customized Premixes Market
Future Market Insights, in its new report, presents an unbiased analysis of the global customized premixes market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. The global market for customized premixes is segmented on the basis of applications as bakery & confectionery, beverages, dietary supplements, cereals, nutrition products, dairy, and others. Based on functionality, the global market is further segmented as immunity, skin health, bone health, digestion, energy and others. The market is divided on the basis of nutrient as nutraceuticals, vitamins, amino acids, nucleotides, and minerals. Regionally, the market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.
About the Food & Beverage Division at Future Market Insights
Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
About Food & Beverages division of FMI
Expert analysis, actionable insights, and strategic recommendations - the Food & Beverages team at FMI helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 100+ countries for over a decade. The team provides end-to-end research of the global food & beverage market and consulting services; know how we can help.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.