According to a new report, published by KBV research, The Global Customized Premixes Market size is expected to reach $2.2 billion by 2027, rising at a market growth of 6.6% CAGR during the forecast period.
The Liquid segment is showcasing a CAGR of 8.3% during (2021 - 2027). This is because Liquid premixes allow for more dosage flexibility and are absorbed more quickly. In addition, because of the high-water content, the liquid form is easier to mix in various formulations. The liquid form is more commonly used in the food and beverage industry since it is better suited for creating goods like yogurt, smoothies, and energy drinks. Bulk liquid packing, on the other hand, is inconvenient to handle and takes up more space.
The Vitamins segment acquired maximum revenue share in the Global Customized Premixes Market by Nutrient in 2020, thereby, achieving a market value of $803.7 million by 2027. This is because of the massive utilization of Vitamin premixes in a variety of applications, such as drinks, dairy products, cereals, dietary supplements, sports nutrition, and newborn nutrition. Moreover, the growth of the segment can be attributed to the increased demand for multivitamin supplements and vitamin-enriched functional meals among consumers. In addition, consumers are leaning towards junk food as a result of today's hectic lifestyles and demanding job schedules, resulting in vitamin deficiencies in the body.
The Energy segment is leading the Global Customized Premixes Market by Function in 2020, thereby, achieving a market value of $699.8 million by 2027. Energy from fortified foods and beverages is needed to execute physical tasks and keep the body's key systems running smoothly, such as cell development and repair, blood transport, and respiration. Vitamin B12, calcium, iron, chromium, and magnesium-rich dietary supplements are frequently used to raise and maintain energy levels in the body.
The Dietary Supplements segment shown growth rate of 7.1% during (2021 - 2027). Due to the shifting lifestyles, an aging population, and greater health concerns among consumers, dietary supplement usage has expanded significantly. In addition, a rise in the number of weight-loss programs is expected to boost demand for nutritional supplements.
The North America market dominated the Global Customized Premixes Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $783 million by 2027. The Europe market is estimated to grow at a CAGR of 5.8% during (2021 - 2027). Additionally, The Asia Pacific market would exhibit a CAGR of 8.3% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/customized-premixes-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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