Global Customised Premixes Market Report and Forecast 2024-2032

Global Customised Premixes Market Outlook

The global customised premixes market reached a value of about USD 1.62 billion in 2023. The industry is further expected to grow at a CAGR of about 5.60% in the forecast period of 2024-2032 to reach a value of around USD 2.63 billion by 2032.

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North America to be Among the Significant Regional Markets for Customised Premixes

North America is one of the major regions in the customised premixes industry due to the region's growing innovation, promotion, and awareness programs. Due to growing testing laws and regulations to promote animal health in the region, the United States is dominating the market in North America with a favourable growth rate over the forecast period. Due to the prevalence of chronic conditions such as diabetes, cancer, and osteoporosis, there is a high demand for micronutrient enriched food products, which is driving regional market expansion.

On the other hand, the Asia Pacific region is experiencing substantial expansion due to the increased potential for animal nutrition and welfare in China. The market is growing as a result of a wide range of customer premixes for animal feed, rising consumption in the region, and a higher understanding of animal feed intake capacity. The market in the Asia Pacific region is projected to witness substantial growth over the upcoming years on account of the increasing consumption of dietary supplements and healthy foods, coupled with growing health awareness and rising per capita disposable income.

The significant consumption of healthy and nutritional drinks, particularly sports drinks and energy drinks, among Europe's youth and working population is driving the market growth. Moreover, as consumers in the region become more health-conscious, the demand for premixes-based fortified foods that promote improved health, extend longevity, and prevent the onset of chronic diseases is increasing.

Customised Premixes: Market Segmentation

Vitamins, minerals, amino acids, nucleotides, prebiotics, nutraceuticals, botanicals, fibres, and other components are combined in customised premixes. They are utilised to add functional ingredients to food and improve the overall product composition. These are easy to use as a single ingredient instead of numerous ingredients and are a great way to get the nutrients people need.

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Based on nutrients, the market includes:

• Vitamins
• Minerals
• Amino Acids
• Nucleotides
• Nutraceuticals
• Others

The various forms of customised premixes are:

• Powder
• Liquid

The functions of the market are:

• Bone Health
• Skin Health
• Energy
• Immunity
• Digestion
• Others

The significant applications of the market are:

• Food and Beverages
  • Beverages
  • Dairy Products
  • Cereals
  • Bakery and Confectionery
  • Others
• Dietary Supplements
• Nutrition Products
• Others

The regional markets for the customised premixes industry can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

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Rising Health Consciousness Among Consumers Augmenting the Market Growth

The growing demand for vitamin and mineral-enriched foods and rising health consciousness among consumers are expected to fuel the industry's growth. The increased popularity of ready-to-eat (RTE) foods fortified with active nutrients and chemicals is encouraging the use of customised premixes all over the world. The demand for nutritional bars is influenced by people's hectic lifestyles and the expanding trend of on-the-go food consumption. This, in confluence with the increasing utilisation of customised premixes for manufacturing feed for agricultural animals, is propelling the market growth. With the expanding consumption of fortified beverages, particularly sports drinks and energy drinks, among sports fans and athletes around the world, the demand for customised premixes has expanded dramatically. Apart from this, the leading players are introducing innovative liquid premixes for the fortification of salad dressings, infant milk formulas, cereals, and dietary supplements. Companies are also developing items made with botanicals that are vegan-friendly and come in a range of colours, tastes, and flavours. These items can be given based on the nutritional requirements of the customers. Besides this, these players' rising investments in advertising and promotional activities are anticipated to further drive market growth.

Key Industry Players in the Global Customised Premixes Market

The report gives a detailed analysis of the following key players in the global customised premixes industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Chemische Fabrik Budenheim KG
• Corbion N.V.
• Koninklijke DSM N.V.
• Vitablend Netherland B.V.
• Prinova Group LLC
• SternVitamin GmbH & Co. KG
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report