The global customized premixes market size is expected to reach USD 2.38 billion by 2028 according to a new study by Polaris Market Research. The report “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” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Consumers in the developed economies are highly health-conscious, thus increasing the consumption of functional foods, enriched with minerals, amino acids, and vitamins. A surge in consumption of dietary supplements, owing to an increase in chronic diseases, with busier lifestyles has resulted in the escalation of healthcare costs and demand for minerals enriched customized premixes, with superior health benefits.
Vitamins and minerals are essential for health and maintaining a healthy immune system and hormonal system, thus, supporting tissue and bone health. However, rising investment in research and development activities to develop innovative customized premixes without compromising on taste and texture, inaccurate labeling, and transportation issues, and storage and supply chains loopholes and expected to be probable challenges in customized premixes industry.
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The Asia Pacific customized premixes industry is projected to witness a lucrative market growth rate over the assessment period. Consumer health awareness, rising disposable income among millennials, and increased consumption of dietary supplements are few notable factors that contributed to the region’s growth. The market demand for fortified food products amid the COVID-19 outbreak has increased, particularly among South Asian nations.
Market participants in customized premixes industry include 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.
Polaris Market Research has segmented the customized premixes market report on the basis of nutrient, form, function, application, and region:
Customized Premixes, Nutrient Outlook (Revenue – USD Million, 2016 – 2028)
- Amino Acids
Customized Premixes, Form Outlook (Revenue – USD Million, 2016 – 2028)
Customized Premixes, Function Outlook (Revenue – USD Million, 2016 – 2028)
- Bone Health
- Skin Health
Customized Premixes, Application Outlook (Revenue – USD Million, 2016 – 2028)
- Food & Beverages
- Dietary Supplements
- Nutrition Products
Customized Premixes, Regional Outlook (Revenue – USD Million, 2016 – 2028)
- North America
- Asia Pacific
- South Korea
- Central & South America
- Middle East & Africa
- Saudi Arabia
- South Africa