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Growing Demand for Enriched Foods Drives Customized Premixes Market Growth || Archer Daniel Midland Company, Koninklijke DSM N.V., Vitablend Netherland B.V.
Customized Premixes Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Customized Premixes industry. This report on Customized Premixes market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The customized premixes market size has grown strongly in recent years. It will grow from $1.86 billion in 2023 to $2.01 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to increase in health awareness, change in dietary patterns, rise in disposable income, aging population, rise in nutrition deficiencies. The customized premixes market size is expected to see strong growth in the next few years. It will grow to $2.76 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.
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Key Market Players:
Archer Daniel Midland Company, Koninklijke DSM N.V., Vitablend Netherland B.V., Stern Vitamin GmbH & Co. Kg are prominent players in the customized premixes industry.
Market Drivers:
According to the Customized Premixes Market Report 2023 by The Business Research Company, the key factors driving the growth of the customized premixes market, includes the increasing health and wellness awareness. Health and wellness awareness is the conscious understanding and acknowledgment of the significance of maintaining a balanced and healthy lifestyle, encompassing physical, mental, and emotional well-being. Customized premixes offer variety and flexibility in fulfilling unique health and wellness demands, making them a vital component in a wide range of products targeted at improving general health, controlling specific illnesses, and satisfying individual nutritional needs. For instance, in 2022, according to Mindbody, Inc., a US-based company that provides cloud-based planning services and other organizing solutions to the wellness services industry, more than 50% of Australians were devoted to preserving their health and wellness to strengthen their resilience to sickness and illness.
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Market segments for customized premixes include:
1) By Nutrient: Vitamins, Minerals, Amino Acids, Nucleotides, Nutraceuticals, Other Nutrients
2) By Form: Powder, Liquid
3) By Application: Beverages, Dairy, Cereals, Bakery and Confectionery, Nutrition Products, Dietary Supplements
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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