Market Overview:
The insufficient nutrient supply from the food source and the changing lifestyle results in the deficiency of essential nutrients to the body and escalate the prevalence of different chronic diseases, to which the customized premixes has become the perfect substitute to supply the needed nutrients. The customized premixes are the combination of desired functional ingredients. The customized premixes have components such as vitamins, amino acids, minerals, nutraceuticals, nucleotides, and herbs. The global customized premixes market was worth USD 1.5 billion in 2019 and is estimated to rise at a CAGR of 4.85% during the foreseen period to reach USD 1.9 billion by 2024.
Market drivers and restraints:
The customized premixes market has been estimated to register a high expansion rate over the forecast period owing to the availability of different nutrients in a single product form. The customized premixes also present in various blends, tests, flavors, and colors and as per the needed proportion of nutrients that fuel the call of the customized premixes and drive the expansion of the global market.
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Report segmented as:
By nutrient:
Vitamins
Minerals
Amino Acids
Nutraceuticals
Nucleotides
By Form:
Powder
Liquid
By application:
Beverages
Dairy Products
Cereals
Bakery & Confectionery
Nutritional Products
Dietary Supplements
By function:
Bone Health
Skin Health
Energy
Immunity
Digestion
Geographical analysis:
On the basis of geography, the global customized premixes market can be segmented into five regions, namely, North America, Latin America, Europe, Asia-Pacific (APAC) and Middle East & Africa (MEA). The North American region has contributed the highest shares to the world market on the basis of revenue.
Important market players:
Prinova Group LLC., SternVitamin GmbH & Co. KG, Koninklijke DSM N.V., Jubilant Life Sciences, Archer Daniels Midland Company, Fenchem, Glanbia plc., B&H Biotechnology Co. Ltd., Barentz, Farbest Brands, Lycored, Hexagon Nutrition Pvt. Ltd., Archer Daniels Midland Company and WATSON-INC are some of the important players in the global market.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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