(I-BusinessNews.Com, November 15, 2019 ) The report “Customized Premixes Market by Type (Vitamins, Minerals, Amino Acids, Nutraceuticals, Nucleotides), Form (Powder and Liquid), Application (Beverages, Dairy, Cereals, Bakery & Confectionery, Nutrition Products, Dietary Supplements) – Global Forecast to 2022″, The customized premixes market is projected to reach USD 1,691.2 Million by 2022, at a CAGR of 5.50% from 2016. The market is driven by growing demand for functional and fortified food, growing need for food enrichment due to high processing levels of food products, customized nature and specificity to individual customer requirements, and convenience in usage as a single ingredient over multiple ingredients.
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The objectives of the report:
1. To define, segment, and project the size of the customized premixes market on the basis of nutrient, form, application, functionality, brand, and region
2. To analyze the market structure by identifying various segments and subsegments of the global market
3. To provide detailed information about crucial factors that are influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
4. To strategically analyze micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
5. To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
6. To forecast the size of the global market and its various submarkets with respect to four main regions, namely, North America, Asia-Pacific, Europe, and the Rest of the World (RoW)
7. To project the market size, in terms of value (USD million), for each of the segments, namely, nutrient, form, application, and region
8. To strategically profile key players and comprehensively analyze their market share and core competencies
9. To analyze competitive developments such as expansions, acquisitions, new product launches, and joint ventures in this market
The powder form is projected to grow at the highest CAGR by 2022
Customized nutrient premixes are widely used in the powdered form, as they are largely considered to be more stable in the powdered form than in the liquid form. Further, convenient packaging reduces complexities in the supply chain processes, resulting in increased popularity of this form. Powdered premixes are largely used across an extensive range of food applications, including low-fat milk powders, health drink powders, soup mixes, and desert mixes.
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Asia-Pacific is the fastest-growing region in the customized premixes market
The demand for functional foods and food with specific health benefits is experiencing growth in the Asia-Pacific region owing to the changing lifestyles of customers. Also, rising incomes, purchasing power, and consumer demand for nutritional & healthy products provide promising prospects for the growth and diversification in the region’s food sector.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Royal DSM N.V. (Netherlands), Glanbia plc (Ireland), Corbion N.V. (Netherlands), Chemische Fabrik Budenheim KG (Germany), and Vitablend Netherlands B.V. (Netherlands). Other players who are active in the industry are Watson Inc. (U.S.), Stern Vitamin GmbH & Co. KG (Germany), The Wright Group (U.S.), DPO International Sdn. Bhd (Malaysia), and Farbest Brands (U.S.).
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