The Customized Premixes Market is estimated to be valued at USD 1.9 billion in 2022. It is projected to reach USD 2.5 billion by 2027, with a CAGR of 5.5%, in terms of value between 2022 and 2027. The growth of this market is attributed to the growing demand for functional & fortified food products; the growing need for food enrichment due to high processing levels of food products; and the rising importance of shortening lead time, streamlining production processes, and reducing costs. Convenience in usage as a single ingredient over multiple ingredients is another factor driving the customized premixes market growth.
Asia Pacific is projected to witness the fastest growth rate during the forecast period.
Asia Pacific accounted for the fastest growing region for the customized premixes market during the forecast period. Underdeveloped and developing countries in the Asia Pacific region are more prone to nutritional deficiencies, resulting in malnourishment and undernourishment. The adoption of a hectic lifestyle has increased lifestyle-related diseases, further boosting the sales of fortified food and subsequently customized premixes in the region.
As a result, the fortified food industry and customized premixes industry is expected to grow at a fast pace in the Asia Pacific due to the rise in consumer demand.
Europe is projected to be the second largest market for the customized premixes market during the forecast period
Based on region, Europe region is projected to be the second largest market for customized premixes market during the forecast period. This region is one of the major markets for customized premix with some significant market players such as DSM (Netherlands), Glanbia plc (Ireland), among others. Over the years, awareness regarding the health benefits of customized premixes has increased in the region, which is gained from the nutritive ingredients in food & beverages and nutrition-based applications both for humans as well as pets. The increased awareness about the benefits of premixes and the demand for low-calorie, low-fat, and nutrient-rich food products are driving the demand for customized premix products in the region.
This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as DSM (The Netherlands), Glanbia PLC (Ireland), Corbion (The Netherlands), Vitablend Nederland BV (The Netherlands), SternVitamin GmbH & Co. KG (Germany), Jubilant Ingrevia Limited (India), Hexagon Nutrition Limited (India), Prinova Group LLC (US), ADM (US), and Cargill, Incorporated (US).
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