Customized Premixes Market Size Is Projected to Reach $2.38 Billion By 2028 | CAGR: 6.3% : Polaris Market Research

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Aug 04, 2021, 08:30 ET

NEW YORK, Aug. 4, 2021 /PRNewswire/ -- The global customized premixes market size is expected to reach USD 2.38 billion by 2028. according to a new study conducted by Polaris Market Research. the market is anticipated to register a CAGR: 6.3% from 2021 to 2028. The market growth is primarily driven by the growing demand for customized premixes owing to the increasing consumption of fortified beverages, especially energy drinks and sports drinks, among athletes worldwide. In addition to this, significant rise in the consumption of dietary supplements to contain the growing prevalence of chronic diseases, thereby propelling the market growth. Moreover, the fortification of dairy and bakery products is turning out as a major booster for the overall market growth.

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Key Highlights of Customized Premixes Market

Based on nutrients, the vitamins-based nutrient segment dominated the customized premixes market and is predicted to do the same during the forecast period. Increasing the application scope of vitamin premixes including cereals, beverages, sports nutrition, and dairy products to augment the growth of this segment.
By form, the powder-based premixes segment accounted for the largest market share and is projected to lead the industry over the forecast period owing to a growing preference for powdered form of premixes over its liquid counterpart. It comes with cost-effectiveness, stability, and convenient packaging.
In terms of function, the energy segment emerged as the fastest-growing segment and is expected to gain a dominant position during the forecast period. The consumption of fortified food provides higher energy required to ensure the essential function of the body and perform physical tasks.
The COVID-19 pandemic had an adverse impact on several industries and at the same time positively driven the growth of few industries includes the development of functional foods. Consumers are looking to emphasize improving the immune system and health condition as a part of preventive healthcare.

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Regional Developments

North America has dominated the global market for customized premix and the trend is expected to continue during the forecast period. Increasing health concerns, major technology-driven food processing techniques, and increasing R&D activities in the food & beverage sector are some of the key factors augmenting the market growth in this region. The market in the Asia Pacific is anticipated to witness substantial growth on account of the rising uptake of nutritional and healthy drinks among the younger generation in the region. In addition to this, increasing the consumption rate of nutritional supplements among the geriatric population is expected to push the market forward.

Competitive Outlook

Leading players have implemented several growth strategies such as acquisitions, partnerships, mergers, joint ventures, and expansions to strengthen their position in the customized premixes market. The key players present in the market are 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.

Target Audience

Supply Side: Food Manufacturer, Manufacturer, and Distributor of Nutrition Ingredients
Demand Side: Athletes, Sports Enthusiasts
Regulatory Side: Food and Drug Administration

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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)

Vitamins
Minerals
Amino Acids
Nucleotides
Nutraceuticals
Others

Customized Premixes, Form Outlook (Revenue – USD Million, 2016 – 2028)

Powder
Liquid

Customized Premixes, Function Outlook (Revenue – USD Million, 2016 – 2028)

Bone Health
Skin Health
Energy
Immunity
Digestion
Others

Customized Premixes, Application Outlook (Revenue – USD Million, 2016 – 2028)

Food & Beverages
Dietary Supplements
Nutrition Products
Others

Customized Premixes, Regional Outlook (Revenue – USD Million, 2016 – 2028)

North America

U.S.
Canada

Europe

France
Germany
UK
Italy
Spain
Netherlands
Austria

Asia Pacific

China
India
Japan
Malaysia
South Korea
Indonesia

Central & South America

Mexico
Brazil
Argentina

Middle East & Africa

UAE
Saudi Arabia
Israel
South Africa

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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