The latest global market reports from The Business Research Company have been freshly updated to encompass the most current market sizing information for the year 2023, projecting ahead to 2032.

According to The Business Research Company’s Customized Premixes Global Market Report for 2023, the customized premixes market is anticipated to exhibit substantial growth during the forecast period.

Key revelations extracted from the customized premixes market forecast consist of the following:

1. Market Size

The worldwide customized premixes market expanded from $1.74 billion in 2022 to $1.88 billion in 2023, displaying a compounded annual growth rate (CAGR) of 8.0%. Expectations suggest that the customized premixes market will elevate to $2.52 billion by 2027, sustaining a CAGR of 7.6%.

2. Major Driver

The escalating demand for foods enriched with vitamins and minerals is poised to accelerate the advancement of the customized premixes market in the foreseeable future. For instance, in April 2021, the Food and Agriculture Organization—a specialized agency of the United Nations based in Canada—reported that global milk production escalated by 2.0% from 2019 to exceed 906 million tonnes in 2020, with output increases across all geographical regions. In Asia, milk production ascended to 379 million tonnes in 2020, a 2.6% annual increase. Consequently, the surging demand for vitamin and mineral-enriched foods is propelling the customized premixes market’s growth.

View More On The Customized Premixes Market Report 2023 – https://www.thebusinessresearchcompany.com/report/customized-premixes-market-global-market-report

3. Key Trend

The introduction of innovative premixes stands out as a prominent trend that is gaining momentum in the customized premixes market. Leading companies operating in the customized premixes sector are committed to devising innovative products to fortify their market standing. For example, in December 2020, Prinova Group LLC, a U.S.-based food fortification and premix manufacturer, launched a new dairy replacement product that offers unique combinations of protein and plant-based milk, including probiotics. This innovative venture caters to the trend of vegan products by presenting plant-based alternatives to animal-derived products, designed particularly for vegan consumers.

4. Major Players

Significant players in the customized premixes market encompass Archer Daniel Midland Company, Koninklijke DSM N.V., Vitablend Netherland B.V., Stern Vitamin GmbH & Co. Kg, Wright Enrichment Inc., Royal DSM, Prinova Group LLC, Piramal Enterprises Ltd., DPO International Sdn. Bhd, Farbest Brands, Nutreco NV, Jubilant Life Sciences, Hexagon Nutrition Pvt. Ltd., Barentz International B.V., and LycoRed Limited.

5. Top Market Segments

The global customized premixes market is segmented –

1) By Nutrient: Vitamins, Minerals, Amino Acids, Nucleotides, Nutraceuticals, Other Nutrients

2) By Form: Powder, Liquid

3) By Application: Beverages, Dairy, Cereals, Bakery and Confectionery, Nutrition Products, Dietary Supplements

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The Customized Premixes Global Market Report 2023  offers an in-depth evaluation of the customized premixes market, encompassing dimensions, trends, drivers, opportunities, strategies, and a comprehensive analysis of companies. The countries covered in the customized premixes market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, while the major seven regions consist of Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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