Global Customized Premixes Market: Overview
Customized premixes are combinations of fibers, nucleotides, nutraceuticals, amino acids, minerals, vitamins, and others. They can be conveniently used as a single ingredient instead of using multiple ones. It is the most preferred and best alternative to fulfill the need for the required nutrients. The customized premixes are the perfect blend of the macro and micro nutrients to provide the enhanced nutritional value in the end products.
Global Customized Premixes Market: Growth Factors
Inadequate nutrients intake and an unorganized disruptive lifestyle lead to the deficiency of nutrients in the body. The customized premixes are a combination of the desired functional ingredients that are primarily used to balance nutrient deficiency and bridging nutrient gaps. Both the fortified and the functional products have gained popularity in recent years in the foodservice space due to its ability to fulfill the shortcoming due to insufficient nutrients in the human body. Due to the growing demand for the fortified premixes, the manufacturers are making patented premixes for additional nutrients aspects. Further, the fortification of dairy and bakery products are fueling the market growth for the evolution of the global customized premixes market.
The COVID-19 crisis is making people focus on their sense of well-being. People have become more health-conscious with the emergence of the COVID-19 pandemic. The pandemic is shaping the future of the global customized premixes market positively with increasing intake of the supplement and vitamins than ever before.
Global Customized Premixes Market: Segmentation
The global customized premixes market can be segmented into ingredients, form, function, application, product, and region.
By ingredients, the market can be segmented into color, proteins, flavors, sweeteners, botanicals, gums, excipients, omega 3 fatty acids, multigrain premix, prebiotics, probiotics, coccidiostats, enzymes, amino acids premix, nucleotides premix, mineral premix, vitamin premix, and others. Among these, the amino acid premixes segment holds the largest market share. Other premixes like omega 3 and vitamin are expected to boost market growth during the forecast period.
By form, the market can be segmented into liquid and powder. The powdered form is dominating the market owing to its better durability and stability in the products when compared to any other form.
By function, the market can be segmented into resistance, brain health & memory, vision health, weight management, heart health, energy, digestion, immunity, bone health, and others.
By application, the market can be segmented into pet food, pharma OTC drugs, dietary supplements, and food sector. The food sector segment is dominating the global customized premixes market.
Further, the food sector can be segmented into staple foods (flour, salt, and rice), oils & fats, cereals & snacks, bakery & confectionery products, milk & milk products, energy drinks, sports nutrition, medical nutrition, and early life nutrition. The bakery & confectionery segment is expected to boost the growth of the global customized premixes market.
By product, the market can be segmented into the drum to hopper formulations and premix blends.
The premix blends segment is holding the largest market share. The drum-to-hopper formulation is likely to fuel market growth during the forecast period.
Global Customized Premixes Market: Regional analysis
North America is dominating the global customized premixes market and the trend is expected to continue during the forecast period. The region is experiencing many tech-driven advances owing to the rising research and development in the industry.
Asia Pacific is expected to emerge as the fast-growing region in the global customized premixes market owing to the inclusion of fortified premixes across the growing global customized premixes market industry. Countries like China and India are expected to grow in double digits during the forecast period owing to the surge in functional food markets.
Global Customized Premixes Market: Competitive Players
Some of the significant players in the global customized premixes market are Vitamins Gida Sanayi Ve Ticaret Limited Sirketi, Vitablend (Barentz), Ufuk Kimya Ilaç San. Tic. Ltd.Stl, The Wright Group, The Glanbia plc, SternVitamin GmbH & Co. KG, Prinova Group LLC, Piramal Enterprises Ltd., PD Navkar Bio Chem Pvt Ltd., Nutrifusion LLC, SternVitamin, Nature's Logic, Manisha Pharmo Plast Pvt Ltd., LycoRed Limited, Koninklijke DSM N.V., Jubilant Life Sciences, Hexagon Nutrition Pvt. Ltd., North America Calcium Private Ltd, Fuerst Day Lawson Pvt Ltd., Fenchem Biotek Ltd., Farbest Brands, Coalescence LLC, Budenheim, BSNL Limited, Beijing Jinkangpu Food Science And Technique Co., Ltd., BASF SE, Barentz International B.V., AQC Chem Lab (P) Ltd., and Archer Daniel Midland Company.
Global Customized Premixes Market: Regional Segment Analysis
What Reports Provides