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customized premixes market

Customized Premixes Market Share, Size, Trends, Industry Analysis Report, By Nutrient (Vitamins, Minerals, Amino Acids, Nucleotides, Nutraceuticals,); By Form (Powder, Liquid); By Function (Bone Health, Skin Health, Energy, Immunity, Digestion); By Application; By Regions; Segment Forecast, 2021 - 2028

  • Published Date: May 2021
  • Pages: 113
  • Format: PDF
  • Report ID: PM1875
  • Base Year: 2020
  • Historical Data: 2016-2019

Report Summary

The global customized premixes market was valued at USD 1.50 billion in 2020 and is expected to grow at a CAGR of 6.3% during 2021-2028. Customized premixes are the custom blend of a broad array of vitamins, amino acids, fibers, nucleotides, and minerals.

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Growing demand for mineral enriched foods, health consciousness among consumers, and growing interest of multi-national companies in new product development are the prominent factors responsible for the market growth. Customized premixes demand is increasing at a significant rate, owing to an increase in consumption of fortified beverages, among sports athletes across the world.

Customized Premixes Market Report Scope

The market is primarily segmented on the basis of nutrient, form, function, application, and geographic region.

By Nutrient

By Form

By Function

By Region

  • Vitamins
  • Minerals
  • Amino Acids
  • Nucleotides
  • Nutraceuticals
  • Others
  • Powder
  • Liquid
  • Bone Health
  • Skin Health
  • Energy
  • Immunity
  • Digestion
  • Others
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Product

The vitamins market segment accounted for the largest revenue share in customized premixes industry in 2020. The wide applicability of vitamin-based premixes in varied industry verticals such as dietary supplements, sports and infant nutrition, dairy products, beverages, and cereals is projected to augment the segment’s market growth in customized premixes.

The mineral market segment is likely to witness a moderate growth in customized premixes industry over the assessment period owing to the growing consumption of dairy products such as milk, oatmeal, cheese, and yogurt. It provides superior health benefits such as blood pressure regulation, immune system, bone health, hormonal balance.

The growing use of amino acids in the dairy industry, animal feed, pharma, clinical nutrition likely to foster the segment’s growth in market for customized premixes. A few of the end-use vitamins include histidine, methionine, and lysine.

The nutraceuticals market segment is projected to witness a lucrative growth over the forecast period of customized premixes. The growing use of food supplements, clinical nutrition, functional energy drinks. Rising income levels, changing lifestyle, and shift in consumption trend towards healthier options, would likely promote the segment’s market growth prospects in customized premixes.

Insight by Application

In 2020, the food & beverage segment accounted for the largest share. Customized premixes are widely used in the food & beverage industry such as energy drinks, beverages, nutritional drinks, carbonated water, fruit juices, and other carbonated beverages. Additionally, the use of customized premixes in bakery, confectionery, cereals, and dairy items are likely to propel the segment’s market growth in customized premixes industry.

Busier lifestyles led to on-the-go eating trends, which resulted in the onset of chronic diseases among millennials such as, diabetes, cancer, and heart diseases. Rising consumption of nutrient-rich fortified foods is likely to augment the food & beverage market segment. Consumption of dietary supplements has increased manifold, owing to the aging population, changing lifestyles, and health consciousness among consumers.

An increase in weight reduction programs is also likely to supplement the segment’s growth prospects. Moreover, the growing incorporation of vitamins, amino acids in infant, clinical, and sports nutrition is likely to foster the segment’s growth. Growing concerns over the health of infants and mothers are likely to fuel the uptake of products.

Geographic Overview

In 2020, the North America customized premixes market accounted for over 30% of the global market. Regional factors contributing to the market growth include the increasing prevalence of chronic diseases, lifestyle-borne chronic conditions, a surge in geriatric population, and the presence of key companies in the region. For instance, Prinova Group LLC and ADM Animal Nutrition are the two most important companies operating in the region.

Growing consumption of nutritional supplements among geriatrics in the region is likely to drive the market forward. According to CRN Consumer Survey on Dietary Supplements in 2019, more than 77 percent of the adults in the country consume dietary supplements. Moreover, the growing old age population and demand for new functional foods have increased significantly, which, in turn, is anticipated to foster the region’s growth.

The market in Europe is mainly driven by the increased uptake of healthy and nutritional drinks among the younger working generation. Moreover, increasing health consciousness among consumers in the region, also fueling the market growth, with increased demand for premixes-based fortified foods to promote better nutritional health, longevity, and ability to prevent the onset of chronic diseases.

Competitive Insight

The prominent players operating in the customized premixes market are Koninklijke DSM N.V., ADM Animal Nutrition, Pristine premixes, Glanbia plc, Vitablend Netherland B.V., Corbion N.V., Prinova Group LLC, Farbest Brands, SternVitamin GmbH & Co. KG, Wright Enrichment Inc., Jubilant Life Sciences Limited, Provimi Animal Nutrition India Pvt. Ltd., Utrix S.A.L, BI Nutraceuticals, and Piramal Group.

Key Take-Away
Polaris Market Research
Customized Premixes Market Size | Global Industry Report | 2021-2028