Consumption of customized premix in Korea is anticipated to exhibit a CAGR of 7.0% through 2033. The customized premix industry in Korea is poised to witness significant opportunities with a US$ 34.3 million valuation in 2023.
A need for customized premix that can fortify plant-based products with essential nutrients is increasing with the growing interest in plant-based diets and veganism.
As in many other parts of the world, consumers in Korea are increasingly looking for clean and sustainably sourced ingredients in their food and beverages. Customized premix that offers sustainable and environment-friendly solutions may find favor in the industry. By 2033, customized premix sales in Korea are likely to secure US$ 65.5 million.
| Attributes | Details |
|---|---|
| Demand Analysis | US$ 34.3 million |
| Demand Forecast | US$ 65.5 million |
| Forecasted CAGR from 2023 to 2033 | 7.0% |
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Increased awareness about the importance of vitamins in maintaining overall health and well-being has led to a growing demand for products fortified with specific vitamins. Consumers are actively seeking out products that offer targeted nutritional benefits.
| Customized Premix in Korea based on Ingredient Type | Vitamin Premix |
|---|---|
| Share in % in 2033 | 16.0% |
Based on ingredient type, the vitamin premix segment is expected to account for a share of 16.0% in 2033. There is a heightened need for products that cater to the specific nutritional requirements of older individuals, as the global population continues to age. Vitamin premix can be formulated to address age-related health concerns, such as bone health and cognitive function.
The popularity of nutraceuticals and functional foods has been on the rise. The products are often enriched with specific vitamins to deliver health benefits, such as immune support, and heart health. The trend of personalized nutrition is driving the demand for customized premix that contain specific vitamins tailored to the unique dietary requirements of individuals.
Consumers are increasingly seeking foods and beverages that not only satisfy their nutritional needs but also provide additional health benefits. Vitamin premix enables manufacturers to meet this demand by fortifying products with essential vitamins.
Consumers in Korea are increasingly looking for food products that not only satisfy their hunger but also offer health and wellness benefits. Customized premix enables food manufacturers to fortify their products with essential nutrients, vitamins, and minerals to meet these demands.
| Customized Premix in Korea based on Application | Food Sector |
|---|---|
| Share in % in 2033 | 69.0% |
Based on application, the food sector segment is expected to account for a share of 69.0% in 2033.
The demand for functional foods and nutraceuticals has been on the rise in Korea. The products are formulated to provide specific health benefits beyond basic nutrition. Customized premix is crucial for creating these functional foods, which may target areas like heart health, digestive health, and immunity.
The trend of personalized nutrition has gained momentum. Consumers are seeking products that align with their specific dietary requirements, health goals, and lifestyle. Customized premix plays a central role in tailoring food products to meet individual nutritional needs.
Customized premix is valuable in the formulation of food products aimed at the nutrition of children. The products may include fortified snacks, cereals, and beverages designed to support healthy growth and development.
The rise of functional snacks, such as protein bars and energy bites, has created a substantial industry for customized premix. The snacks offer a convenient way for consumers to boost their nutrition and energy levels.
Growing health consciousness among consumers in South Gyeongsang has led to an increased demand for customized premix that offers specific health benefits, and overall well-being.
The rise of functional beverages, such as vitamin-infused drinks and energy beverages, has created a significant industry for customized premix. The beverages offer a convenient way for consumers to get essential nutrients and health benefits.
Customized premix can be formulated to meet various dietary trends, including gluten-free, dairy-free, vegan, and keto diets. They can also be used to create allergen-free products for individuals with food sensitivities.
Consumers in North Jeolla are becoming environmentally conscious. Sustainable sourcing and production of customized premix can be a competitive advantage for manufacturers in this industry.
The growth of eCommerce and online retail channels has made it easy for consumers in North Jeolla to access a wide variety of customized premix-based products. In turn, it boosts industry growth. Ongoing research and innovation in the food and beverage industry drive the development of new products that often require specialized premix to achieve the desired nutritional profiles and taste.
Jeju is known for its fertile soil and favorable climate, making it an excellent region for agricultural production. The abundance of local ingredients can support the growth of customized premix by providing access to high-quality, fresh, and locally sourced raw materials.
Jeju is a popular tourist destination, both for domestic and international travelers. The tourism industry often presents opportunities for the food and beverage sector. The demand for innovative, locally inspired products using customized premix can grow as a result.
Jeju has unique and indigenous ingredients that are not commonly found in other regions. The use of these distinctive local flavors in customized premix can create products that stand out in the industry.
Jeju has a unique cultural and culinary heritage. The integration of local cultural elements and traditional recipes with customized premix can result in products that resonate with local consumers and tourists
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The customized premix industry in Korea is part of the large food and beverage sector, which is characterized by a diverse range of players, including local and multinational companies. The landscape is primarily driven by consumer demand for healthy, convenient, and personalized food products. Customized premix, which offers tailored solutions for various nutritional and functional needs, plays a crucial role in meeting these demands.
Recent Developments Observed with Customized Premix in Korea
| Attributes | Details |
|---|---|
| Estimated Industry Size in 2023 | US$ 34.3 million |
| Projected Industry Size in 2033 | US$ 65.5 million |
| Anticipated CAGR from 2023 to 2033 | 7.0% CAGR |
| Historical Analysis of Demand for Customized Premix in Korea | 2018 to 2022 |
| Demand Forecast for Customized Premix in Korea | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Customized Premix adoption in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Producers in Korea |
| Key Provinces Analyzed while Studying Opportunities in Customized Premix in Korea | South Gyeongsang, North Jeolla, South Jeolla, Jeju |
| Key Companies Profiled | Hanmi F3 Co., Ltd.; Puratos Group; Archer-Daniels-Midland Company; CJ CheilJedang; LG Chem; KGC Ginseng Corporation; Lotte Corporation; Samsung SDS; Daesang Corporation |
The industry in Korea is expected to be valued at US$ 34.3 million by 2023.
The anticipated ecosystem CAGR is 7.0% through 2033.
Demand for customized premix in Korea is expected to be US$ 65.5 million by 2033.
The vitamin premix segment is expected to dominate the demand for customized premix.
The food sector segment to remain a key contributor in the Korea customized premix ecosystem.
1. Executive Summary 1.1. Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Ingredient Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Ingredient Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Ingredient Type, 2023 to 2033 5.3.1. Vitamin Premix 5.3.2. Mineral Premixes 5.3.3. Nucleotides Premixes 5.3.4. Amino Acids Premixes 5.3.5. Enzymes 5.3.6. Coccidiostats 5.3.7. Probiotics 5.3.8. Prebiotics 5.3.9. Multigrain Premix 5.3.10. Omega 3 Fatty Acids 5.3.11. Excipients 5.3.12. Gums 5.4. Y-o-Y Growth Trend Analysis By Ingredient Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Ingredient Type, 2023 to 2033 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Form 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Form, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Form, 2023 to 2033 6.3.1. Powder 6.3.2. Liquid 6.4. Y-o-Y Growth Trend Analysis By Form, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Form, 2023 to 2033 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Function 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Function, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Function, 2023 to 2033 7.3.1. Bone Health 7.3.2. Immunity 7.3.3. Digestion 7.3.4. Energy 7.3.5. Heart Health 7.3.6. Weight Management 7.3.7. Vision Health 7.3.8. Brain Health & Memory 7.3.9. Resistance 7.3.10. Others 7.4. Y-o-Y Growth Trend Analysis By Function, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Function, 2023 to 2033 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Product Type, 2018 to 2022 8.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Product Type, 2023 to 2033 8.3.1. Premix blends/Direct-to-consumer solutions 8.3.2. Drum to hopper formulations 8.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022 8.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033 9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application 9.1. Introduction / Key Findings 9.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022 9.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033 9.3.1. Food Sector 9.3.1.1. Early Life Nutrition/Baby Food 9.3.1.2. Medical Nutrition 9.3.1.3. Sports Nutrition & Energy Drinks 9.3.1.4. Milk and Milk products 9.3.1.5. Bakery and Confectionery Products 9.3.1.6. Cereals & Snacks 9.3.1.7. Oils and fats 9.3.1.8. Staple foods (Flour, Salt, and Rice) 9.3.2. Dietary Supplements 9.3.3. Pharma OTC Drugs 9.3.4. Pet Food 9.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 9.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. Introduction 10.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022 10.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033 10.3.1. South Gyeongsang 10.3.2. North Jeolla 10.3.3. South Jeolla 10.3.4. Jeju 10.3.5. Rest of Korea 10.4. Market Attractiveness Analysis By Region 11. South Gyeongsang Customized Premix Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Ingredient Type 11.2.2. By Form 11.2.3. By Function 11.2.4. By Product Type 11.2.5. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Ingredient Type 11.3.2. By Form 11.3.3. By Function 11.3.4. By Product Type 11.3.5. By Application 11.4. Key Takeaways 12. North Jeolla Customized Premix Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Ingredient Type 12.2.2. By Form 12.2.3. By Function 12.2.4. By Product Type 12.2.5. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Ingredient Type 12.3.2. By Form 12.3.3. By Function 12.3.4. By Product Type 12.3.5. By Application 12.4. Key Takeaways 13. South Jeolla Customized Premix Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Ingredient Type 13.2.2. By Form 13.2.3. By Function 13.2.4. By Product Type 13.2.5. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Ingredient Type 13.3.2. By Form 13.3.3. By Function 13.3.4. By Product Type 13.3.5. By Application 13.4. Key Takeaways 14. Jeju Customized Premix Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Ingredient Type 14.2.2. By Form 14.2.3. By Function 14.2.4. By Product Type 14.2.5. By Application 14.3. Market Attractiveness Analysis 14.3.1. By Ingredient Type 14.3.2. By Form 14.3.3. By Function 14.3.4. By Product Type 14.3.5. By Application 14.4. Key Takeaways 15. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 15.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Ingredient Type 15.2.2. By Form 15.2.3. By Function 15.2.4. By Product Type 15.2.5. By Application 15.3. Market Attractiveness Analysis 15.3.1. By Ingredient Type 15.3.2. By Form 15.3.3. By Function 15.3.4. By Product Type 15.3.5. By Application 15.4. Key Takeaways 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Ingredient Type 16.3.3. By Form 16.3.4. By Function 16.3.5. By Product Type 16.3.6. By Application 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Lacto Korea Co., Ltd 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.2. Fuerst Day Lawson Pvt Ltd. 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.3. North America Calcium Private Ltd 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.4. Hexagon Nutrition Pvt. Ltd. 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.5. Jubilant Life Sciences 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.6. Koninklijke DSM N.V. 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.7. LycoRed Limited 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.8. Manisha Pharma Plast Pvt Ltd. 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.9. Mirpain Gida San. ve Tic. A.S. 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.10. Mühlenchemie / SternVitamin, Nature's Logic 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Demand and Trend Analysis of Customized Premix in Korea
