Press release
Customized Premixes Market Forecast over 2016 - 2024
The global customized premixes market has expected to register the significant growth over the forecast period as the demand of the customized premixes has increased due to the availability of various nutrients in a single product form. The customized premixes are also available in different blends, tests, flavors, and colors and as per the required proportion of nutrients which boost the demand of the customized premixes and drive the growth of the global customized premixes market. The operational efficiency in the manufacturing of customized premixes such as reduced ingredients inventory, reduced quality control costs, reduced supply chain complexity and shorter lead time leads to the cost cutting and moreover to the decrease in the price of the customized premixes, which drives the growth of the global customized premixes market.
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However, the controversies in the market regarding the actual benefits of the customized premixes may hamper the demand of the customized premixes and restrain the growth of the global customized premixes market. The false claims by the few of the manufacturers about the product ingredients and its applications may distract the consumers which could restrain the growth of the global customized premixes market.
The global customized premixes market has segmented on the basis of ingredients, applications, form of the premixes and the geographical region.
On the basis of ingredients, the global customized premixes market has segmented into:
Vitamins
Minerals
Amino acids
Speciality ingredients
Colors
On the basis of application, the global customized premixes market has segmented into:
Food and beverages
Supplements and human health
Pharmaceuticals
Personal care
On the basis of form, the global customized premixes market has segmented into:
Powder
Liquid
In terms of geography, the global customized premixes market has been divided into five key regions, including North America, Latin America, Europe, Asia-Pacific (APAC) and Middle East & Africa (MEA). The North America has contributed the leading shares to the global customized premixes market in terms of revenue. The Asia Pacific has also registered the highest shares in the global customized premixes market in terms of volume due to the increasing awareness about the health benefits of the customized premixes and increasing demand of premixes. Europe has contributed the descent shares to the global customized premixes market. The Latin America and MEA regions are at a nascent stage and contributed lowest shares to the global customized premixes market in terms of revenue and volume due to the less demand from the non-developed countries from the Middle East and Africa region.
Some of the key players of the global customized premixes market are Glanbia plc., Vitablend, Corbion, DSM, Stern Vitamins GmbH, Arla, Cargill, Watson, The Wright Group and Farbest Brands. Various global companies are contributed the descent growth to the global customized premixes market in terms of volume and revenue. The key players from North America and Europe contributed leading shares to the global customized premixes market.
Overall, the global customized premixes market has expected to register the moderate CAGR over the forecast period.
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