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Data Bridge Market Research unveils a comprehensive study of Market, presented in a visually compelling format for effective data absorption. Key insights are readily evident through insightful graphs, charts, and figures, empowering informed decision-making.
Data Bridge Market Research analyses that the Customized premixes market, which was USD 1,815.93 million in 2022, would rocket up to 2,831.81 million by 2030 and is expected to undergo a CAGR of 5.7% during the forecast period.
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Market Definition
Food fortification with various micronutrients has been an essential part of producing nutritional bars, bakery products, beverages, and supplements. Most of the fortification is associated with the guidelines of the FDA, such as vitamins, minerals, pro-biotics and prebiotics, amino acids, and nucleotides among others. The daily intake recommendation of these micro-nutrients helps to maintain the diet and enhances the wellbeing of a healthy lifestyle. Due to the higher demand among consumers, companies are focusing on introducing their food products, fulfilling the nutritional demand of the consumers. For instance, Nestle has launched various vitamin and mineral-based beverages comprising vitamin B and A, fulfilling the need to consumer requirement.
In animal feed, the health of animals plays a more vital role in livestock and other animals, and customized premixes focusing on the particular function concerning reproduction, quality of meat enhancement, and milk production have influenced the feed producer to provide feed based on the consumer's requirement. The composition of micronutrition in the feed helps livestock in their gut health, livestock management, and palatability of the feed. Awareness regarding livestock's health has increased the consumption of feed with micronutrients.
Customized Premixes Market Dynamics
Drivers
- Awareness Regarding Healthy Lifestyle
Customized premixes are a mixture of essential food ingredients in specified concentrations that fulfills the nutrient requirement. Increasing urbanization and busy schedule has impacted lifestyle, which eventually influences human habitats. This also has been seen in terms of eating habits and awareness regarding maintaining health.
Hence, consumers are shifting towards more preference for healthy food, and other nutritional supplements have been raised. The COVID-19 pandemic has created a huge impact on lifestyle in urban as well as rural areas too. This pandemic has increased awareness regarding the health, immunity, and nutritional supplements consumed for well-being of life. This awareness regarding a healthy lifestyle is expected to continue for further years as well. Owing to this, there is a shift of customer’s toward functional ingredients in diet and healthy ready-to-eat food products.
- Consumer Preference Towards Ready-Made Meals, Convenient Food, and Fortified Food
Premixes are customized blends of preferred functional ingredients such as vitamins, amino acids, minerals, nucleotides, prebiotics, nutraceuticals, fibers, herbs, and others. All ingredients are in one single, efficient, homogenous form known as customized premixes. Premixes are provided for processed food, Dietary Supplement, healthy drinks, ready-to-eat food, energy drinks, and others.
Hence, the preparation of these food supplements is time-saving and has been demanded owing to rapid urbanization, which influences busy schedules. Customized premixes combine two or more functional ingredients in a single nutrient premix.
Opportunities
- Raising Awareness Regarding the Use of Customized Premixes in the Animal Feed Industry
The rising consumption pattern of good quality animal feed and feed-based products has enhanced poultry farming and other livestock’s production at a greater range globally. The increased livestock production is an important demanding factor of Animal Feed eventually for animal feed premixes.
The growing demand for animal feed-based products and more prone towards nutritional and protein enriched supplements to increase their profitability is known as new aspects regarding animal health.
Government bodies are implementing various guidelines at local and industrial levels for manufacturers providing animal feed with good sources of essential ingredients to maintain their health and immunity against diseases. Different manufacturers adopt various commercial techniques and practices to provide quality animal feed.
The market is segmented on the basis of type, product type, product category, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Customized Premixes Market Regional Analysis/Insights
North America region is dominating as the population is demanding customized premixes products as they improve wellbeing of health and fulfill enrichment of nutrition and growing trends of new product development due to their preferences for skin care and hair care has boosted their growth.
Asia-Pacific is expected to witness significant growth with the highest CAGR during the forecast period of 2023 to 2030 due to the due to growing testing laws and regulations framed toward maintaining animal health.
Some of the major players operating in the Customized premixes market are:
- DSM(Netherlands)
- Prinova Group LLC.(U.S.)
- PURATOS(Belgium)
- Provimi Animal Nutrition India Pvt. Ltd.(India)
- Vitablend(Netherlands)
- Corbion(Netherlands)
- DPO International(Malaysia)
- Budenheim(Germany)
- Hexagon Nutrition Pvt. Ltd.(India)
- Oy Karl Fazer Ab.(Finland)
- Glanbia plc(Ireland)
- ADM(U.S.)
- Buddy Nutrition(U.S.)
- SternVitamin GmbH & Co.(Germany)
- KG, Wright Enrichment Inc(U.S.)
- Fenchem(China)
- Royal Agrifirm Group(Netherlands)
- Pristinepremixes(India)
- Jubilant life sciences Pvt Ltd(India)
By Type (Vitamins, Minerals, Nutraceuticals, Amino Acids, Nucleotides, and Others), Product Type (Blended/Fortified and Original), Product Category (Conventional, Clean Labeled Ingredient), Form (Powder, Liquid), Function (Immunity, Weight Management, Energy, Bone Health, Digestion, Skin Health, and Others), Application (Food Products, Dietary Supplements, Beverages, Animal Feed, Pharmaceuticals, and Others)
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the global-customized-premixes-market Market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global-customized-premixes-market Market.
Table of Content:
Section 01: Executive Summary
Section 02: Scope of The Report
Section 03: Research Methodology
Section 04: Introduction
Section 05: Market Landscape
Section 06: Market Sizing
Section 07: Five Forces Analysis
Section 08: Market Segmentation by Product
Section 09: Market Segmentation by Application
Section 10: Customer Landscape
Section 11: Market Segmentation by End-User
Section 12: Regional Landscape
Section 13: Decision Framework
Section 14: Drivers and Challenges
Section 15: Market Trends
Section 16: Competitive Landscape
Section 17: Company Profiles
Section 18: Appendix
The following are the regions covered in this report.
- North America [U.S., Canada, Mexico]
- Europe [Germany, UK, France, Italy, Rest of Europe]
- Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
- South America [Brazil, Argentina, Rest of Latin America]
- The Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]
This study answers to the below key questions:
- What are the key factors driving the global-customized-premixes-market Market?
- What are the challenges to market growth?
- Who are the key players in the global-customized-premixes-market Market?
- What are the market opportunities and threats faced by the key players?
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