The Asia-Pacific Customized Premix Market is worth USD 228.45 million in 2018 and estimated to be growing at a CAGR of 5.85%, to reach USD 303.56 million by 2023. 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.
Customized premixes are nutrient combinations that support the food product companies in the fortification of supplements and food products. These customized mixtures are used in several applications involving food, beverages, dairy products, dietary supplements and so on. Vitamin premixes are widely used in the food industry in comparison to other premixes mostly due to their varied application base and accessibility of different vitamin preparations.
Increasing incomes, buying power, and consumer demand for nutritional & healthy foodstuffs deliver promising prospects for the growth and expansion in the region's food sector. Consumers in the region endure to drive the market for fortified functional foods and beverages to sustain their overall health and well-being, numerous opportunities exist for producers. High Cost associated with the manufacture of these premixes is hampering the growth of the market.
Asia-Pacific market for Customized Premix is segmented by nutrient into Vitamins, Minerals, Amino Acids, Nutraceuticals and Nucleotides. On the basis of form the market is divided into Powder and Liquid. Based on application customized premix market is bifurcated among Beverages, Dairy Products, Cereals, Bakery & Confectionery, Nutritional Products and Dietary Supplements. By functionality the market is segregated into Bone Health, Skin Health, Energy, Immunity and Digestion. The vitamins segment is having the highest market value and is expected to continue to register a considerably high CAGR over the forecast period. Food & beverages segment is projected to continue its dominance over the market in terms of application.
Geographically the market is segmented into China, India, Japan, South Korea and Australia. China and Japan are the dominant market in this region and estimated to witness high growth in the forecast period.
Prinova Group LLC., SternVitamin GmbH & Co. KG, Koninklijke DSM N.V., Jubilant Life Sciences, Archer Daniels Midland Company, Fenchem, Glanbia plc., B&H Biotechnology Co. Ltd., Barentz, Farbest Brands, Lycored, Hexagon Nutrition Pvt. Ltd., Archer Daniels Midland Company and WATSON-INC are some of the key players in the global market for customized premixes.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Nutrient
5.1.1 Vitamins
5.1.2 Minerals
5.1.3 Amino Acids
5.1.4 Nutraceuticals
5.1.5 Nucleotides
5.2 By Form
5.2.1 Powder
5.2.2 Liquid
5.3 By Application
5.3.1 Beverages
5.3.2 Dairy Products
5.3.3 Cereals
5.3.4 Bakery & Confectionery
5.3.5 Nutritional Products
5.3.6 Dietary Supplements
5.4 By Functionality
5.4.1 Bone Health
5.4.2 Skin Health
5.4.3 Energy
5.4.4 Immunity
5.4.5 Digestion
6. Geographical Analysis
6.1 Introduction
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Prinova Group LLC.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 SternVitamin GmbH & Co. KG
8.3 Koninklijke DSM N.V.
8.4 Jubilant Life Sciences
8.5 Archer Daniels Midland Company
8.6 Fenchem, Glanbia plc.
8.7 B&H Biotechnology Co. Ltd.
8.8 Barentz
8.9 Farbest Brands
8.10 Lycored
8.11 Hexagon Nutrition Pvt. Ltd.
8.12 Archer Daniels Midland Company
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
