Customized Premixes Market Forecasts to 2030 - Global Analysis By Product Type, Product Category, Type, Form, Function, Application and By Geography

According to Stratistics MRC, the Global Customized Premixes Market is accounted for $1026.94 million in 2023 and is expected to reach $1703.75 million by 2030 growing at a CAGR of 7.5% during the forecast period. Customized premixes are dry or liquid blends of a variety of vitamins, minerals, amino acids, nucleotides, antibiotics, and fibers that are used in food and beverage, pet food, and healthcare applications to enrich or fortify products in order to increase their nutritional value. Premixes can also be referred to as complex blends of ingredients that are specially created and linked to the wellness and health benefits of goods sold in the human and animal nutrition markets. As more athletes around the world drink fortified beverages, there is a noticeable rise in demand for customized premixes.

According to the World Health Organization (WHO), global obesity has increased roughly threefold since 1975. Furthermore, market participants are creating customized premixes for digestion and bone health issues.

Market Dynamics:

Driver:

Rising demand for fortified and functional foods

Global demand for customized premixes is anticipated to grow as a result of rising consumer awareness of the various nutrient products used for flavor, color, texture, etc. in fortified and functional foods. Other factors anticipated to contribute to the growth of the target market include rising demand for packaged foods globally and growing consumption of convenience foods due to the availability of healthy and nourishing foods. Additionally, rising urbanization, rising disposable income, a busy lifestyle, and rising consumption of processed and ready-to-eat food products in both developed and developing nations.

Restraint:

High research and development costs

Premixes that can be customized demand a significant financial investment in new product development. Industry participants devote a significant portion of their earnings to R&D. Because customized premixes are made to the specifications of the customer, each product has a unique formulation, necessitating the testing of numerous combinations by custom premix manufacturers. This process incurs substantial costs. High R&D costs continue to be a major barrier for this market, despite manufacturers developing new products and conducting specialized research for formulating these products to offer cost-effective solutions to food and beverage manufacturers.

Opportunity:

High health awareness among the public

Due to the availability of numerous nutrients in a single product, demand for customized premixes increased, and it was anticipated that the global market for these products would grow significantly during the forecast period. The demand for customized premixes and the global market for customized premixes are increased by the variety of blends, tastes, textures, and colors available in customized premixes and by the amount of essential nutrients present.

Threat:

False claims from manufacturers

The market debate over the actual benefits of custom premixes could stifle demand and restrain the expansion of the global market for these products. Consumers can become distracted, and the global market for customized premixes can grow more slowly as a result of a few manufacturers making false statements about product ingredients and their uses. Such false claims restrain the market from growing.

COVID-19 Impact:

The spread of COVID-19 forced strict lockdowns and hampered a number of industries around the world. Lockdowns caused a drop in demand, which led to the closure of gyms and fitness centers. The disruption of supply chains, shipping and trade restrictions, and the closure of crucial manufacturing facilities are just a few of the factors that have an impact on the overall economy. However, the COVID-19 outbreak has led to a marked increase in the consumption of healthy products to strengthen immunity during this time.

The beverages segment is expected to be the largest during the forecast period

During the forecast period, the beverages segment is anticipated to register significant growth. Producing beverage products like fruit juices, isotonic beverages, carbonated water, energy drinks, sports drinks, and nutritional drinks uses customized premixes on a large scale. Additionally, the segment is expected to grow over the coming years due to the growing use of customized premixes in the dairy industry.

The bone health segment is expected to have the highest CAGR during the forecast period

The bone health segment is anticipated to grow at the fastest rate during the anticipated time frame. For the body to remain healthy and in good overall condition, healthy bones are crucial. The prevention of diseases affecting the bones, such as osteoporosis, arthritis, and rickets, which are brought on by insufficient intake or a lack of nutrients like vitamins, minerals, proteins, Omega-3 fatty acids, prebiotics, and probiotics, is largely dependent on maintaining optimal bone health. Such advantages are boosting the segment's expansion.

Region with largest share:

The customized premixes market is currently dominated by North America, and this pattern is anticipated to hold true going forward. Beverages, dairy products, bakery and confectionery products, and nutraceutical supplements are among the major industries in the USA where customized premix is used. Furthermore, the growth of the regional market is being driven by technological developments in the food processing sector, an increase in R&D activities in the food and beverage sector, and growing health concerns.

Region with highest CAGR:

During the forecast period, Asia-Pacific is expected to register lucrative growth. Nutritional deficiencies in the Asia-Pacific region's underdeveloped and developing nations are more likely to result in malnutrition and undernourishment. Adopting a busy lifestyle has increased the prevalence of lifestyle-related diseases, which has increased demand for customized premixes and fortified foods in the area. Due to the increase in consumer demand, it is anticipated that the markets for customized premixes and fortified foods will expand quickly in the Asia-Pacific region.

Key players in the market:

Some of the key players in Customized Premixes market include: Aqc Chem Lab, Archer Daniel Midland Company, Barentz International B.V., BASF se, Beijing Jinkangpu Food Science and Technique co., ltd., Bnsl Limited, Coalescence llc, Dsm Nutritional Products, Farbest Brands, Fenchem Biotek ltd., Glanbla Plc, Jubilant Life Sciences ltd, Koninklijke dsm n.v., Lycored Limited, Mirpain Gida san, Nature's Logic, Nuttrifusion llc, Pd Navkar Bio Chem., Prinova Group, The Wright Group, Utrix s.a.l and Watson inc.

Key Developments:

In March 2023, DSM launches Digital SalmoFan™ color measurement tool. Royal DSM, a global purpose-led science-based company, launches new technology, Digital SalmoFan™, to accurately measure fillet color throughout the entire value chain.

In March 2023, BASF and Cargill expand their partnership, adding South Korea, the first Asian nation, to their existing feed enzymes development and distribution agreement. Together, the two companies are committed to bringing innovative enzyme-based solutions to the market, generating distinctive value for animal feed customers. By combining the enzyme research and development strengths of BASF with Cargill's know-how in application and broad market reach, the partners will form a joint innovation pipeline for animal protein producers.

In January 2023, DSM and Foundation Earth partner to promote food eco-labeling. Within the new partnership DSM will undertake full Life Cycle Assessments (LCAs) for participating brands under the Foundation Earth method, enabling companies to access an aggregated eco impact score on their food and drink products, as well as an ecolabel that can be displayed on the front-of-pack.

Product Types Covered:

• Original
• Blended

Product Categories Covered:

• Conventional
• Clean Labeled Ingredient

Types Covered:

• Amino acids
• Antibiotics
• Fibers
• Minerals
• Nucleotides
• Nutraceuticals
• Vitamins
• Other Types

Forms Covered:

• Powder
• Liquid

Functions Covered:

• Bone health
• Digestion
• Energy
• Immunity
• Skin Health
• Weight Management
• Other Functions

Applications Covered:

• Food Products
• Beverages
• Cereals
• Nutraceuticals
• Pharmaceuticals
• Personal Care
• Sports Nutrition
• Dietary Supplements
• Pharmaceuticals
• Animal Feed
• Bakery and Confectionary
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances