Global Customized Premixes Market to Reach $2.76 Billion by 2028 - Fueled by Rising Demand for Fortified Foods

The customized premixes market has demonstrated robust growth, expanding from $1.86 billion in 2023 to an anticipated $2.01 billion in 2024, boasting a commendable Compound Annual Growth Rate (CAGR) of 7.7%. This growth trajectory is poised to persist, with projections indicating a market size of $2.76 billion by 2028, sustaining a CAGR of 8.3%.

Key Growth Drivers:

Demand Surge for Nutrient-Enriched Foods: The escalating demand for vitamin and mineral-enriched foods emerges as a pivotal driver propelling the customized premixes market. Foods fortified with vitamins and minerals, such as eggs, vegetables, and milk, are gaining popularity. The retail sales value of fortified or functional foods and beverages in the United States witnessed a notable increase, reaching $68.9 billion in 2021. This surge highlights the growing consumer inclination toward nutrient-enriched food options, contributing to the market's upward trajectory.

Rising Health and Wellness Consciousness: Increasing awareness of health and wellness is anticipated to fuel the growth of the customized premixes market. Individuals are increasingly conscious of maintaining a balanced and healthy lifestyle, driving the demand for products that cater to their unique health needs. Customized premixes play a crucial role in meeting diverse health and wellness requirements, appealing to consumers seeking specific nutritional benefits. The trend is evident with over 50% of Australians dedicating themselves to health and wellness, emphasizing the market's responsiveness to evolving consumer preferences.

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Major Market Players:
Leading companies shaping the customized premixes market include Archer Daniel Midland Company, Koninklijke DSM N.V., Vitablend Netherland B.V., and others. Their strategic innovations and contributions play a significant role in steering the market's trajectory.

Trends and Innovations:

Specialized Business Units for Tailored Services: Major players in the customized premix market are establishing specialized business units to cater to specific consumer needs. Blendamix, launched by Minafin Group, focuses on a tailored powder premix service, ranging from pharmaceutical applications to powdered ingredient mixes for food manufacturers. This strategic move enhances operational efficiency and meets the unique demands of diverse industries.

Enhanced Capacity and Quality: Companies like Koninklijke DSM N.V. are investing in facility expansions to enhance their market presence. DSM's state-of-the-art premix manufacturing facility in Buk, Poland, signifies a commitment to quality and efficiency. The facility expansion not only boosts manufacturing capacity but also caters to the nutritional needs of early-life nutrition, healthcare, and nutritional improvement markets.

Regional Dynamics and Market Segmentation:
North America emerged as the largest region in the customized premixes market in 2023, with Asia-Pacific anticipated to exhibit the fastest growth in the forecast period.

The customized premixes market covered in this report is segmented -
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

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Customized Premixes Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Customized Premixes Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on customized premixes market size, customized premixes market drivers and trends, customized premixes market major players, customized premixes market competitors' revenues, customized premixes market positioning, and customized premixes market growth across geographies. The customized premixes market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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