Dublin, May 22, 2023 (GLOBE NEWSWIRE) -- The "Customized Premixes: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Customized Premixes estimated at US$1.7 Billion in the year 2022, is projected to reach a revised size of US$2.6 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2022-2030.
Vitamins, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$1 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Minerals segment is readjusted to a revised 5.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $553.5 Million, While China is Forecast to Grow at 7.4% CAGR
The Customized Premixes market in the U.S. is estimated at US$553.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$335.9 Million by the year 2030 trailing a CAGR of 7.4% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 5.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.
Select Competitors (Total 43 Featured) -
- AQC Chem Lab (P) Ltd.
- Barentz International B.V.
- Beijing Jinkangpu Food Science and Technique Co., Ltd.
- Chemische Fabrik Budenheim KG
- Coalescence LLC
- Corbion N.V.
- DSM Nutritional Products AG
- Farbest Brands
- Fuerst Day Lawson Ltd
- Glanbia PLC
- Hexagon Nutrition Pvt. Ltd.
- Jubilant Life Sciences Limited
- Manisha Pharmo Plast Pvt Ltd.
- Mirpain Gida San. ve Tic. A.S.
- Muhlenchemie GmbH & Co. KG
- Nature's Logic
- Nutrifusion LLC
- PD Navkar Bio Chem Pvt Ltd.
- Piramal Enterprises Ltd.
- Prinova Group LLC
- Stern Vitamin GmbH & Co. KG
- The Wright Group
- Ufuk Kimya Ilac San.Tic.Ltd.Stl
- Vitablend Netherlands B.V.
- Watson Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 308 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.7 Billion |
| Forecasted Market Value (USD) by 2030 | $2.6 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- Impact of COVID-19 Pandemic and Looming Global Recession
- From Food Security to Health Security, the Pandemic Sends Functional Foods Cruising Down a New Road of Opportunity
- COVID-19 Pandemic Leads to Increased Consumer Focus on Health Foods
- Pandemic Increases Consumer Demand for Healthier Ingredients in Foods and Beverages
- Customized Premixes: A One Stop Solution for Nutritional Requirements
- Types of Premixes
- Global Market Prospects & Outlook
- Developed Economies to Lead Market, Developing Regions Poised for High Growth
- Recent Market Activity
- Customized Premixes - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Concerns over 'Hidden Hunger' Fuels Importance of Customized Premixes in Addressing Nutrient Imbalances
- Consumer Focus on Healthy Living and Resultant Rise in Demand for Health Foods: Opportunity for Customized Premixes
- With Packaged Foods Subject to High Level of Processing, Need for Food Enrichment Fuels Demand for Customized Premixes
- Rising Demand for Functional and Fortified Foods Bodes Well for Customized Premixes Market
- Global Functional Foods and Drinks Market (in US$ Billion) by Region/Country for 2020 and 2027
- Increasing Significance of Custom Premixes for Dietary Supplements
- Global Nutraceuticals Market by Region/Country (in US$ Million) for 2019 and 2024
- Customized Premixes Find Growing Acceptance in Infant Nutritional Premix Market
- Global Infant Nutrition Premix Market by Function (in %) for 2020E
- Customized Beverage Premixes: Providing Essential Micronutrients
- Emergence of Fit & Active Consumer Drives Sports Nutrition Market Mainstream
- Global Functional Drinks Market by Segment: 2019
- Antioxidants Gain Importance in Fortified Beverages
- Customized Vitamin Premixes Gain Momentum
- Focus on Addressing Micronutrient Malnutrition Drives Demand for Customized Mineral Premixes
- Premix Blends Continue to Gain Popularity
- Market to Benefit from Technology-Driven Advancements in Food Processing Techniques
- Drum-to-Hopper Manufacturing Technique Finds Favor Among Market Players
- Digital Marketing Opens Up New Avenues of Growth
- Millennials' Inclination towards Health and Wellness and the Ensuing Focus on Health Foods Drive Market Gains
- Global Millennials Population Spread by Region: 2019
- Millennial Population as a Percentage (%) of Total Population in Select Countries: 2019
- Demographic Factors Drive Demand for Fortified, Functional & Enriched Foods, Fueling Market Prospects
- Ballooning Global Population
- World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
- Urbanization Trend
- World Urban Population in Thousands: 1950-2050P
- Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
- Burgeoning Middle Class Population
- Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
- Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025 & 2030
- Challenges Confronting the Customized Premixes Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/v95e3n
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