Middle East And Africa Customized Premix Market

Middle East and Africa Customized Premix Market Growth and Forecast (2023 - 2028):

Middle East and Africa Customized Premix Market was worth USD 157.06 million in 2022 and estimated to be growing at a CAGR of 4.65%, to reach USD 197.18 million by 2028.

Market Overview:

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.

Drivers and Restraints:

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.

Middle East and Africa Customized Premix Market Segmentation Analysis:

Middle-East and Africa 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.

Regional Analysis:

Geographically the Middle East and Africa Customized Premix Market is segmented into KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA. Africa is leading country for customized premix market while Middle-East is estimated to grow at high CAGR in coming years.

Key Players in the Market:

Major Key Players in the MEA Customized Premix Market are

• 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
• WATSON-INC