The global customized premixes market grew at a CAGR of around 5% during 2015-2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Customized premixes comprise blends of vitamins, minerals, amino acids, nucleotides, prebiotics, nutraceuticals, herbs, fibers and other ingredients. They are used to enrich food items with functional components and enhance the overall product formulae. For instance, dairy products are generally fortified with Vitamin D to improve calcium absorption and metabolism. Presently, there is a rise in the demand for customized premixes to manufacture functional food items. This can be accredited to the rising health consciousness, inflating disposable incomes and changing dietary patterns of individuals around the world.
The growing preferences for ready-to-eat (RTE) food items, which are fortified with active nutrients and compounds, are stimulating the adoption of customized premixes worldwide. Moreover, the hectic lifestyle of individuals and the rising trend of on-the-go food consumption are influencing the demand for nutritional bars. This, in confluence with the increasing utilization of customized premixes for manufacturing feed for agricultural animals, is impelling the growth of the market across the globe. Apart from this, the leading players are introducing innovative liquid premixes for the fortification of salad dressings, infant milk formulas, cereals, and dietary supplements. They are also launching products using botanicals with vegan options, which are available in a variety of colors, tastes, and flavors. These products can be delivered based on the consumers’ need for essential nutrients. Besides this, the rising investments in advertising and promotional activities by these players are anticipated to drive the market growth further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global customized premixes market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on nutrient type, form, function and application.
Breakup by Nutrient Type:
Breakup by Form:
Breakup by Function:
- Bone Health
- Skin Health
Breakup by Application:
- Food and Beverages
- Dietary Supplements
- Nutrition Products
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer-Daniels-Midland Company, Chemische Fabrik Budenheim KG, Corbion N.V., Farbest Brands, Glanbia Plc, Koninklijke DSM N.V., Piramal Enterprises Ltd., Prinova Group LLC (NAGASE & CO. LTD.), SternVitamin GmbH & Co. KG, Utrix S.A.L, Vitablend Netherlands B.V. and Wright Enrichment Inc.
|Base Year of the Analysis
||Nutrient Type, Form, Function, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Archer-Daniels-Midland Company, Chemische Fabrik Budenheim KG, Corbion N.V., Farbest Brands, Glanbia Plc, Koninklijke DSM N.V., Piramal Enterprises Ltd., Prinova Group LLC (NAGASE & CO. LTD.), SternVitamin GmbH & Co. KG, Utrix S.A.L, Vitablend Netherlands B.V. and Wright Enrichment Inc.
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Key Questions Answered in This Report:
- How has the global customized premixes market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global customized premixes market?
- What are the key regional markets?
- What is the breakup of the market based on the nutrient type?
- What is the breakup of the market based on the form?
- What is the breakup of the market based on the function?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global customized premixes market and who are the key players?
- What is the degree of competition in the industry?