The Europe Customized Premixes Market would witness market growth of 5.8% CAGR during the forecast period (2021-2027).
When micronutrients and functional components like phytochemicals and plant extracts are added to a food product or supplement, the result is usually an unpleasant or bitter taste. Even when consumers are looking for healthier foods, the taste is the most important consideration in their purchasing decisions. Therefore, one of the major barriers for the industry is the difficulty in hiding off-tastes, flavors, and bitterness. Despite the fact that producers invest in a variety of techniques to address these issues, the process of taste masking is expensive, thereby hampering the market growth.
Moreover, increased investment in R&D operations to create products with specific criteria and achieve correct fortification without sacrificing the flavor and texture of the products has resulted in high production costs. Furthermore, improper food labeling and concerns linked to color, texture, and flavor change are likely to represent a challenge to market players.
Some of the key trends of the regional market are high use of healthy and nutritional drinks, notably sports and energy drinks, among Europe's youth and working population. In addition, as consumers in the region become more health-conscious, the demand for premixes-based fortified foods that support better health, extend longevity and prevent the onset of chronic diseases is increasing. In the European Union, food fortification is optional. For the sake of public health, the regulatory body has authorized the inclusion of certain minerals, vitamins, and their components in foods. Moreover, they have also established a procedure for limiting or prohibiting the use of potentially dangerous compounds in food. The outbreak of COVID-19 is helping to advance the development of functional foods. Moreover, consumers would place a higher emphasis on their health and immune system as part of preventative healthcare than they would on food intake.
The Germany market dominated the Europe Customized Premixes Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $142.3 million by 2027. The UK market is exhibiting a CAGR of 4.9% during (2021 - 2027). Additionally, The France market would display a CAGR of 6.6% during (2021 - 2027).
Based on Form, the market is segmented into Powder and Liquid. Based on Nutrient, the market is segmented into Vitamins, Minerals, Amino Acids, Nucleotides, Nutraceuticals and Others. Based on Function, the market is segmented into Energy, Immunity, Bone Health, Skin Health, Digestion and Others. Based on Application, the market is segmented into Food & Beverages, Dietary Supplements, Nutrition Products and Others. Based on Food & Beverages Type, the market is segmented into Beverages, Dairy Products, Cereals, Bakery & Confectionary, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Customized Premixes Market Size will Hit $2.2 Billion by 2027, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
By Form
By Nutrient
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