The North America Customized Premixes Market would witness market growth of 5.1% CAGR during the forecast period (2021-2027).
Due to a rising emphasis on weight management, the global customized premixes market is likely to rise significantly. In addition, food processing, combined with the simplicity of employing a single blend of ingredients rather than multiple components, would help the industry to grow further.
Micronutrients, in appropriate amounts, meet the body's basic requirements, and their deficiency in the body can contribute to a variety of disorders in the population. Vitamins and minerals are important micronutrients that are added to a variety of foods, including nutritious bars, RTD beverages, and snacks, as well as clinical nutrition. The need for customized premixes has increased as a result of industrialists altering certain nutrients and customers' preferences, which has raised the customized premixes market.
One of the key trends for the demand for customized premixes in the dietary supplement application is the growing aging population in the North American region that consumes more nutritional supplements. According to the 2019 CRN Consumer Survey on Dietary Supplements, approximately 77 percent of adults in the United States use dietary supplements. In addition, due to the country's expanding aging population, demand for new and innovative functional items has increased dramatically, which would play a major role in the regional industry. The burgeoning demand for functional foods and beverages is credited with the rapid expansion of customized premixes in North America. In addition, vitamin supplements should be included in the daily routine of persons over the age of 50, according to the US Food and Drug Administration.
The US market dominated the North America Customized Premixes Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $564.9 million by 2027. The Canada market is estimated to witness a CAGR of 7.5% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 6.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Customized Premixes Market is Estimated 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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