The Asia Pacific Customized Premixes Market would witness market growth of 8.3% CAGR during the forecast period (2021-2027).
The demand for nutrient-rich foods has risen in recent years as a result of the growing trend of healthy eating. Additionally, consumers are adding nutraceuticals into their everyday routines to minimize the risk of lifestyle-related disorders including obesity and heart disease. Stressful lives and hectic lifestyles s have contributed to the rise in the prevalence of these illnesses. The demand for customized premixes for dietary supplements is being fueled by the growing trend of personalized nutrition. Moreover, one of the key market trends is high demand for functional foods and healthy hydration.
Because of the growing demand for premixes, particularly vitamins and minerals, as a result of the rising occurrence of chronic diseases and growing healthcare expenses, premixes, particularly vitamins and minerals, have seen an increase in demand. Vitamins and minerals are necessary for a variety of physiological processes, including the immune system and hormone balance, tissue growth and bone health, and metabolism regulation.
Rising consumption of dietary supplements and healthy foods, as well as rising health awareness and per capita disposable income, are the prominent trends in the regional market that show the region is highly conducive for existing and new market players. During the COVID-19 pandemic in the region, demand for fortified staple food products skyrocketed, especially in Southeast Asian countries. Because of the growing need for customized dietary supplements created with customized micronutrient premixes, the region may witness higher demand for health-giving food products. In addition, dietary supplements are in increasing demand in developing countries to help children, pregnant women, and the elderly enhance their general health. The willingness to spend more on nutritional supplements to prevent problems like obesity, diabetes, and cardiovascular disease would help the regional players to generate higher revenue.
The China market dominated the Asia Pacific Customized Premixes Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $192.3 million by 2027. The Japan market is anticipated to grow at a CAGR of 7.6% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 9% during (2021 - 2027).
Based on Form, the market is segmented into Powder and Liquid. Based on Nutrient, the market is segmented into Vitamins, Minerals, Amino Acids, Nucleotides, Nutraceuticals and Others. Based on Function, the market is segmented into Energy, Immunity, Bone Health, Skin Health, Digestion and Others. Based on Application, the market is segmented into Food & Beverages, Dietary Supplements, Nutrition Products and Others. Based on Food & Beverages Type, the market is segmented into Beverages, Dairy Products, Cereals, Bakery & Confectionary, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Customized Premixes Market is Projected to reach USD 2.2 Billion by 2027, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer Daniels Midland Company (ADM Animal Nutrition, Inc.). Koninklijke DSM N.V., Glanbia PLC, Corbion N.V., Piramal Enterprises Limited, Prinova Group LLC, Vitablend Nederland B.V., SternVitamin GmbH & Co. KG (Stern-Wywiol Gruppe GmbH & Co. KG), Wright Enrichment, Inc., and Farbest Brands.
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