Global Customized Premixes Market to Reach USD 2.5 Billion by 2027, Driven by Increasing Demand for Functional Foods

According to a recent research report titled "Customized Premixes Market" by MarketsandMarkets, the global customized premixes market is anticipated to be valued at USD 1.9 billion in 2022 and is expected to reach USD 2.5 billion by 2027. The market is projected to grow at a CAGR of 5.5% between 2022 and 2027. The report highlights several factors contributing to this growth, including the rising demand for functional and fortified food products, the need for food enrichment due to high processing levels, and a focus on shortening lead times and reducing production costs.

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Key Findings:

Vitamins Dominate:

The report reveals that vitamins constitute the largest share in the customized premixes market. With their essential role in ensuring normal metabolism and growth, vitamins are in demand to prevent diseases and address deficiencies, driving the growth of this segment.

Beverages Lead in Application:

Among various applications, beverages hold the dominant share in the customized premixes market. Fortified beverages are gaining popularity for their hydration, energy, and wellness benefits, contributing to the growth of the beverage segment.

Dry Form Preferred:

The dry segment is expected to dominate the market, as dry customized premixes are considered more stable and cost-effective than their liquid counterparts. This preference is especially notable in developing regions where cost sensitivity is crucial.

Energy Function Prevails:

The energy function retains its position as the dominant segment in the customized premixes market. The demand for premixes in sports nutrition products, such as energy drinks and nutrition bars, contributes to the prominence of the energy segment.

European Market Significance:

Europe is projected to be the second-largest market for customized premixes, with notable players like DSM and Glanbia PLC. Increasing awareness of the health benefits of premixes, coupled with a demand for nutrient-rich food products, contributes to the region's growth.

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Key Players:

Leading companies in the customized premixes market include DSM (Netherlands), Glanbia PLC (Ireland), Corbion (Netherlands), Vitablend Nederland BV (Netherlands), SternVitamin GmbH & Co. KG (Germany), Jubilant Ingrevia Limited (India), Hexagon Nutrition Limited (India), Prinova Group LLC (US), ADM (US), and Cargill, Incorporated (US).

In summary, the report underscores the substantial growth prospects of the global customized premixes market, driven by consumer preferences for functional foods, the need for food enrichment, and efforts to streamline production processes.

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