Market Overview:
The global customized premixes market size reached US$ 1.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.71% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 1.8 Billion |
Market Forecast in 2032
|
US$ 2.8 Billion |
Market Growth Rate (2024-2032) |
4.71% |
Customized premixes comprise blends of vitamins, minerals, amino acids, nucleotides, prebiotics, nutraceuticals, herbs, fibers and other ingredients. They are used to enrich food items with functional components and enhance the overall product formulae. For instance, dairy products are generally fortified with Vitamin D to improve calcium absorption and metabolism. Presently, there is a rise in the demand for customized premixes to manufacture functional food items. This can be accredited to the rising health consciousness, inflating disposable incomes and changing dietary patterns of individuals around the world.
The growing preferences for ready-to-eat (RTE) food items, which are fortified with active nutrients and compounds, are stimulating the adoption of customized premixes worldwide. Moreover, the hectic lifestyle of individuals and the rising trend of on-the-go food consumption are influencing the demand for nutritional bars. This, in confluence with the increasing utilization of customized premixes for manufacturing feed for agricultural animals, is impelling the growth of the market across the globe. Apart from this, the leading players are introducing innovative liquid premixes for the fortification of salad dressings, infant milk formulas, cereals, and dietary supplements. They are also launching products using botanicals with vegan options, which are available in a variety of colors, tastes, and flavors. These products can be delivered based on the consumers’ need for essential nutrients. Besides this, the rising investments in advertising and promotional activities by these players are anticipated to drive the market growth further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global customized premixes market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on nutrient type, form, function, and application.
Breakup by Nutrient Type:
Breakup by Form:
Breakup by Function:
- Bone Health
- Skin Health
- Energy
- Immunity
- Digestion
- Others
Breakup by Application:
- Food and Beverages
- Dietary Supplements
- Nutrition Products
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer-Daniels-Midland Company, Chemische Fabrik Budenheim KG, Corbion N.V., Farbest Brands, Glanbia Plc, Koninklijke DSM N.V., Piramal Enterprises Ltd., Prinova Group LLC (NAGASE & CO. LTD.), SternVitamin GmbH & Co. KG, Utrix S.A.L, Vitablend Netherlands B.V. and Wright Enrichment Inc.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Nutrient Type, Form, Function, Application, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
Archer-Daniels-Midland Company, Chemische Fabrik Budenheim KG, Corbion N.V., Farbest Brands, Glanbia Plc, Koninklijke DSM N.V., Piramal Enterprises Ltd., Prinova Group LLC (NAGASE & CO. LTD.), SternVitamin GmbH & Co. KG, Utrix S.A.L, Vitablend Netherlands B.V. and Wright Enrichment Inc. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global customized premixes market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global customized premixes market?
- What are the key regional markets?
- What is the breakup of the market based on the nutrient type?
- What is the breakup of the market based on the form?
- What is the breakup of the market based on the function?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global customized premixes market and who are the key players?
- What is the degree of competition in the industry?