According to a recent report by Future Market Insights (FMI), market research and competitive intelligence provider, the global sales of drum to hopper blends are estimated to reach a valuation of US$ 1.53 Billion by 2032, exhibiting a CAGR of 6.6% throughout the forecast period (2022-2032)
Growing demand for fortification of food due to surge in cases of malnutrition and increasing health awareness is a key factor driving growth in the global drum to hopper blends market. Several food products like flour, sugar, maize, wheat, and vegetable oils are generally fortified with vitamins and minerals to improve health, which has driven demand for the drum to hopper blends in recent years.
Usage of drum to hopper blends improves the nutritional content of food products and supplements, and thus plays a key role in fulfilling the requirements of body. These blends improve bone health, digestion, and immunity.
Consumption of mineral and nutrient premix, like infant formula based on amino acid, is also on the rise, owing to consumers’ growing preference for nutritional fortification of baby food and infant formula.
In addition to this, rising demand for customized premixes and a greater emphasis by various government bodies on raising awareness about the benefits of supplements will drive market growth during the forecast period.
Key Takeaways from Market Study
- By form, powdered blends sales will continue to generate significantly more revenue than liquid blends sales.
- Based on ingredient, amino acids segment is expected to retain its dominance in the global drum to hopper blends market, accounting for over 33% revenue share through 2032.
- North America will continue to dominate the global drum to hopper blends market during the assessment period.
- The drum to hopper blends industry in the U.S. is expected to have the largest market share with 65% and to be the most profitable in North America.
- With rising consumption of fortified foods, demand for drum to hopper blends to grow at a robust pace across the U.K. during the forecast period.
“Factors such as rising demand for functional foods and beverages, as well as increased availability of nutraceuticals in various forms, will drive the drum to hopper blends market growth during the forecast period,” says a lead analyst at Future Market Insights.
Who is Winning?
Some of the key players in the Drum to hopper blends Market include Glanbia, Archer Daniels Midland, Koninklijke DSM, B&H Biotechnology, Jubilant Life Sciences, Farbest Brands, Fenchem, Prinova Group, Watson Inc, Barentz, Lycored, SternVitamin, Hexagon Nutrition.
These leading drum to hopper blends manufacturers are adopting various strategies such as product innovation, strategic mergers, acquisitions, and partnerships to gain a competitive edge in the global drum to hopper blends market. For instance,
- In December 2020, Prinova launched a line of premixes for dairy replacement products to assist manufacturers in responding to the plant-based revolution.
Drum to Hopper Blends Market by Category
By Form:
- Powder
- Liquid
By Ingredient:
- Vitamins
- Minerals
- Amino Acids
- Nucleotides
By Application:
- Early Life Nutrition/ Baby Food
- Food & Beverages
- Pharma OTC Drugs
- Dietary Supplements
By Function:
- Bone Health
- Immunity
- Digestion
By Region:
- North America
- Europe
- Asia Pacific
- MEA
- Latin America
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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