Germany is witnessing a shift towards personalized nutrition, driven by demand for tailored nourishment solutions and functional foods. Consumers prioritize nutrient-rich diets, with healthy hydration gaining traction. Producers focus on specialized nutrients in functional foods and beverages, catering to health-conscious preferences and reshaping the nation's nutrition landscape with targeted, health-benefiting products.
NEWARK, DE / ACCESSWIRE / November 21, 2024 / The customized premix market is expected to be valued at USD 9,742.6 million in 2024. The market is projected to rise at a CAGR of 6.1% through 2034. By 2034, the market value is forecasted to have hit USD 17,654.7 million.
The working population is increasingly finding themselves with a lack of time available for full, nutritious meals. In such a case, convenient, healthy foods like customized premixes are being rescued. Dressed in attractive packaging, customized premixes come in the form of shakes, supplements, and snacks to make eating healthy food easier than ever.
Parental concern about children receiving enough nutrients is driving parents towards customized premixes. Another prominent source of consumers for the market is fitness and sports enthusiasts. Customized premixes are being used to augment daily fitness regimes and diets.
Manufacturers of customized premixes ensure consumer interest remains fresh by creating innovative products and trying out different flavors and colors. Thus, customized premixes are also earning points for their tastiness. Realizing the different needs of different people, producers also vary their product line by concentrating on one specific nutrient, such as vitamin or mineral premixes.
Key Takeaways from the Customized Premix Market
The customized premix market is projected to be valued at USD 9,742.6 million in 2024.
The most common type of customized premix products are vitamin premixes. For 2024, vitamin premixes are projected to account for 13.5% of the market share.
Food is the sector where customized premixes see the most sales. In 2024, the food sector is anticipated to account for 70.5% of the market share.
India is one of the most promising countries for the market. For the forecast period, the CAGR for India is estimated to be 9.9%.
Germany is another country with a bright future for the market. The CAGR for Germany is anticipated to be 8.6%.
The market is expected to register a CAGR of 7.5% in the United States over the forecast period.
Country wise Insights
USA: Balanced supply-demand dynamics driven by innovation in functional foods and animal feed solutions (CAGR: 4.3%).
Germany: High adoption of personalized nutrition and functional foods (CAGR: 4.9%).
China: Rapid expansion in livestock feed and fortified food production (CAGR: 6.4%).
Countries | Market CAGR |
USA | 4.3% |
Germany | 4.9% |
China | 6.4% |
"Rising vegan and vegetarian trends are seeing demand rise for customized premixes made with vegan ingredients. There is also a significant consumer base for products having low or no sugar, gluten, and calories. Thus, customized premixes that are even healthier than normal represent a wealth of opportunity in the market", - says Nandini Roy Choudhury, Client Partner at Future Market Insights
Competition Analysis of the Customized Premix Market
Research is being prioritized to come up with innovative and more nutrient-rich products. The market is competitive, with big-name players and smaller enterprises having space to flourish. Some prominent companies in the market include Archer Daniel Midland Company, AQC Chem Lab (P) Ltd., Barentz International B.V., and BASF SE.
Recent Developments in the Customized Premix Market
In December 2023, USA company ADM acquired fellow market player PT Trouw Nutrition Indonesia. By means of the acquisition, the company increased its footprint in the market.
In April 2023, Royal DSM finalized an agreement to acquire Adare Biome, a postbiotics specialist, for a value of just under USD 300 million.
In November 2022, The Wright Group unveiled a new division dedicated to nutritional food called TWG Health & Nutrition (TWG). Customized premixes are one of the focuses of the division.
Leading Manufacturers
Archer Daniel Midland Company
AQC Chem Lab (P) Ltd.
Barentz International B.V.
BASF SE
Beijing Jinkangpu Food Science And Technique Co., Ltd.
BNSL Limited
Budenheim
Coalescence LLC
Farbest Brands
Fenchem Biotek Ltd.
Fuerst Day Lawson Pvt Ltd.
North America Calcium Private Ltd
Hexagon Nutrition Pvt. Ltd.
Jubilant Life Sciences
Koninklijke DSM N.V.
LycoRed Limited
Manisha Pharmo Plast Pvt Ltd.
Mirpain Gida San. ve Tic. A.S.
Mühlenchemie / SternVitamin, Nature's Logic
Nutrifusion LLC
Detailed Market Study: Full Report and Analysis
https://www.futuremarketinsights.com/reports/customized-premixes-market
Key Segments of the Report
By Ingredient Type:
Diversified ingredients types Vitamin Premix, Mineral Premix, Nucleotides Premix, Amino Acids Premix, Enzymes, Coccidiostats, Probiotics, Prebiotics, Multigrain Premix, Omega 3 Fatty Acids, Excipients, Gums, Botanicals, Sweeteners, Flavors, Proteins, Colour are considered after the exhaustive research.
By Form:
Two different forms Powder and Liquid are included in the report.
By Function:
Various functions of premixes like Bone Health, Immunity, Digestion, Energy, Heart Health, Weight Management, Vision Health, Brain Health & Memory, Resistance and Others are considered in this segment.
By Application:
Application segment has been categorised into Food Sector, Dietary Supplements, Pharma OTC Drugs and Pet Food.
By Product Type:
By product type, industry has been categorised in to Premix blends/ Direct-to-consumer Solutions and Drum-to-hopper Formulations.
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Western Europe, Eastern Europe, Middle East and Africa, East Asia, South Asia and Pacific, Central Asia, Russia Belarus and Balkan Baltic Countries.
Authored by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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The global multigrain premix market is expected to reach a valuation of USD 228.5 Million in 2022, with demand accelerating at a CAGR of 7.8% over the assessment period. By 2032, the global multigrain premixes market size is slated to top USD 483.3 Million.
The global cane sugar market size is estimated to reach USD 61,318 million in 2024. Global sales of cane sugar will likely rise at a CAGR of 3.4% through 2034, totaling USD 86,011 million.
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