The customized premix market is expected to be valued at US$ 9,742.6 million in 2024. The market is projected to rise at a CAGR of 6.1% through 2034. By 2034, the market value is forecasted to have hit US$ 17,654.7 million.
The working population is increasingly finding themselves with a lack of time available for full, nutritious meals. In such a case, convenient, healthy foods like customized premixes are being rescued. Dressed in attractive packaging, customized premixes come in the form of shakes, supplements, and snacks to make eating healthy food easier than ever.
Parental concern about children receiving enough nutrients is driving parents towards customized premixes. Another prominent source of consumers for the market is fitness and sports enthusiasts. Customized premixes are being used to augment daily fitness regimes and diets.
Manufacturers of customized premixes ensure consumer interest remains fresh by creating innovative products and trying out different flavors and colors. Thus, customized premixes are also earning points for their tastiness. Realizing the different needs of different people, producers also vary their product line by concentrating on one specific nutrient, such as vitamin or mineral premixes.
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Key Takeaways from the Customized Premix Market
- The customized premix market is projected to be valued at US$ 9,742.6 million in 2024.
- The most common type of customized premix products are vitamin premixes. For 2024, vitamin premixes are projected to account for 13.5% of the market share.
- Food is the sector where customized premixes see the most sales. In 2024, the food sector is anticipated to account for 70.5% of the market share.
- India is one of the most promising countries for the market. For the forecast period, the CAGR for India is estimated to be 9.9%.
- Germany is another country with a bright future for the market. The CAGR for Germany is anticipated to be 8.6%.
- The market is expected to register a CAGR of 7.5% in the United States over the forecast period.
“Rising vegan and vegetarian trends are seeing demand rise for customized premixes made with vegan ingredients. There is also a significant consumer base for products having low or no sugar, gluten, and calories. Thus, customized premixes that are even healthier than normal represent a wealth of opportunity in the market”, says an analyst at FMI.
Competition Analysis of the Customized Premix Market
Research is being prioritized to come up with innovative and more nutrient-rich products. The market is competitive, with big-name players and smaller enterprises having space to flourish. Some prominent companies in the market include Archer Daniel Midland Company, AQC Chem Lab (P) Ltd., Barentz International B.V., and BASF SE.
Recent Developments in the Customized Premix Market
- In December 2023, ADM completed the acquisition of PT Trouw Nutrition Indonesia.
- In November 2022, TWG Health & Nutrition (TWG) was unveiled by the Wright Group, with the division concentrating on producing customized premixes.
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Key Segments
By Ingredient Type:
- 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:
- Powder
- Liquid
By Function:
- Bone Health
- Immunity
- Digestion
- Energy
- Heart Health
- Weight Management
- Vision Health
- Brain Health & Memory
- Resistance
- Others
By Application:
- Food Sector
- Dietary Supplements
- Pharma OTC Drugs
- Pet Food
By Product Type:
- Premix blends/ Direct-to-consumer Solutions
- Drum-to-hopper Formulations
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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