The global customized premixes market is expected to bolster at a stable CAGR of 5.6% over the assessment period from 2022 to 2032. The global market is anticipated to reach a valuation of USD 1.7 Bn in 2022 and is predicted to touch around USD 2.9 Bn by 2032.
The growth of the market is expected to surge as consumers are becoming more health conscious due to which the demand for vitamin and mineral-enriched foods is expected to propel exponentially. The custom premixes are enriched with amino acids, phytochemicals, and botanical extracts due to the growing popularity of nutrient-fortified foods.
According to recent research, the customized premixes market has revolutionized significantly and is further anticipated to surge at an opulent CAGR throughout the present forecast from 2022 to 2032. As per historical estimations, in the first half of 2021, the global market for customized premixes witnessed a growth rate of 5.5%.
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The growth of the market is attributed to the home cooks that have utilized premixes for several years in order to speed up preparation. Over the recent years, the market has seen a keen interest in food premixes, and not just among home cooks. Restaurants are also starting to use food premixes to simplify their menu development process.
Premixes such as vitamins and minerals offer superior health benefits which lead to a surge in the consumption of dietary supplements owing to the high healthcare costs and chronic disease prevalence.
A variety of health functions are proven to be supported by vitamins and minerals such as immune system functioning and hormonal balance maintenance, tissue growth and bone health support, and metabolic regulation. Consumers who abide by recent trends like veganism and vegetarianism are at a higher risk of nutrient deficiencies including vitamin B12, which can be found primarily in meat and fish.
Efficient diet fortification programs and dietary supplement consumption is efficiently able to address these nutritional deficiencies. A customized blend of nutrients is perfectly tailored to an individual’s customized needs that help recover from nutritional deficiencies.
Key Takeaways
- The growth of the market is expected to be propelled by the fact that customized premixes comprise several nutrients packed in one single item. The global customized premixes market is anticipated to witness stellar growth in the years to come with its variety of colors, flavors, tests, and blends, as well as in the required proportions of various nutrients.
- The manufacturing process of customized premixes offers various benefits including a shorter lead time, reduced supply chain complexity, and fewer inventories of ingredients. In turn, all of these benefits result in reduced manufacturing costs, which in turn lowers the overall product price.
- The demand for customized premixes is on rising that helps manufacture functional foods. Dairy products are fortified with Vitamin D in order to enhance calcium absorption and metabolism. This is attributed to one of the surging approaches to health consciousness, increasing disposable incomes, and changing dietary patterns.
- Ready-to-eat food items are gaining traction in recent years as they are enriched with active nutrients which have led to the development of customized premixes. Furthermore, the demand for nutritional bars has witnessed a significant surge owing to individuals’ hectic lifestyles and the rising trend of on-the-go food consumption.
- Sports enthusiasts and athletes worldwide are increasing their consumption of fortified beverages, particularly sports and energy drinks, leading to an increase in demand for customized premixes. Moreover, manufacturers of food and nutraceuticals are making increased requests for customized premixes of nutrients such as amino acids, phytochemicals, and botanical extracts due to the growing popularity of nutrient-fortified foods.
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Competitive Landscape
Key manufacturers in the customized premix market are focusing on joint ventures, partnerships, mergers, and acquisitions which are rapidly seeking to capture market share while simultaneously maintaining research for innovative product lines, supported by governments, and top brands.
Such prominent market players are focusing on upgrading and optimizing their products with a growing demand for enhanced formulations from the food and beverage industry. As customized premixes consumption among all populations has increased over time, so has the demand for new formulations.
More Insights into the Customized Premixes Market
North America is expected to dominate the global customized premix market over the projection period owing to the technical advancements in the food and processing industry along with increased research & development activities in the food and beverage industry. Due to the rising health concerns, the region is gaining traction which is driving growth in the customized premixes market in the near future.
Customized Premixes Market by Category
By Ingredient Type, Customized Premix Market is Segmented as:
- Vitamin Premix
- Mineral Premix
- Nucleotides Premix
- Amino Acids Premix
- Enzymes
- Coccidiostats
- Probiotics
- Prebiotics
- Multigrain Premix
- Omega 3 Fatty Acids
- Excipients
- Gums
- Botanicals
- Sweeteners
- Flavors
- Proteins
- Color
By Form, Customized Premix Market is Segmented as:
- Powder
- Liquid
By Function, Customized Premix Market is Segmented as:
- Bone Health
- Immunity
- Digestion
- Energy
- Heart Health
- Weight Management
- Vision Health
- Brain Health & Memory
- Resistance
- Others
By Application, Customized Premix Market is Segmented as:
- Food Sector
- Dietary Supplements
- Pharma OTC Drugs
- Pet Food
By Product Type, Customized Premix Market is Segmented as:
- Premix blends/ Direct-to-consumer Solutions
- Drum-to-hopper Formulations
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. 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
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