The Latin America, Middle East and Africa Customized Premixes Market would witness market growth of 10.5% CAGR during the forecast period (2021-2027).
Some of the growth catalysts for the market are rising demand for vitamin & mineral-enriched foods and increased consumer health awareness. Vitamins, minerals, amino acids, nutraceuticals, fibers, and nucleotides are all included in customized premixes, which are dry or liquid tailored blends containing a variety of nutrients. In addition, the expanding intake of fortified beverages, especially sports drinks and energy drinks, among sports fans and athletes around the world has resulted in a considerable increase in demand for customized premixes.
Consumer trends like veganism and vegetarianism increase the risk of dietary shortages such as vitamin B12 deficiency, which is mostly found in meat and fish products. Food fortification and the use of dietary supplements can help to address these deficiencies. In August 2016, the German Nutrition Society suggested that vegans use vitamin B12 tablets as part of their daily regimen. Manufacturers are profiting from the current health craze by creating micronutrient-fortified items like bread, butter, pasta, and chocolates. In addition, the health claims made on these items, such as improving bone health or the immune system, have a favorable marketing influence.
There is a high use of fortified premixes in the food and beverage sector in different countries of the region. In addition, in the face of the COVID-19 pandemic, a number of companies worked to increase the quantity of micronutrient fortification in food and beverage goods. For new product assembly, industrial customers are increasingly looking for clinically established additives like lipids and vitamins. Premiumization of customized premixes is gaining popularity among consumers as a result of its functional characteristics. In addition, South American countries such as Brazil and Ukraine have robust demand for such premixes. Moreover, some of the key trends of the regional market are the popularity of health initiatives and the consistent demand for herbal tea. Further, many consumers do not have time to cook as they are too busy with professional commitments.
The Brazil market dominated the LAMEA Customized Premixes Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $45.4 million by 2027. The Argentina market is poised to grow at a CAGR of 11.1% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 10.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Customized Premixes Market is Predict to reach $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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