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(Health-NewsWire.Net, August 24, 2020 ) 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 market for the vitamins segment, among other nutrients, was the largest in 2015. The high growth of industrial consumption of vitamins is driving this market which can be largely attributed to their deficiency in everyday diets of consumers and also due to the fact that they cannot be synthesized by the human body.
The beverage segment is the fatsest growing segment of the customized premixes market, by application, in 2015. The high growth of industrial consumption of vitamins is driving this market which can be largely attributed to their deficiency in everyday diets of consumers and also due to the fact that they cannot be synthesized by the human body.
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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.
Leading companies are 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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