The North America customized premix market size is expected to be worth USD 0.68 billion in 2024 and estimated to be growing at a CAGR of 7.11%, to reach USD 0.96 billion by 2029.
North America was the leading customized premixes market in 2023. The growth of this market is driven by the rise in demand for healthy foods and functional food. Customized premixes are dry or liquid custom mixtures of a wide array of nutritional ingredients. They deliver a food product’s nutritional content, increase economic value through improved nutritional value and they are added all-at once during the manufacturing process in order to maintain their nutritional value.
The growing awareness regarding the health benefits of customized premixes, the ease of usage presented by them is stimulating the demand for these premixes considerably across the region. The market is driven by factors like increasing demand for functional & fortified foods, modified nature and specificity to single customer requirements, and suitability in usage as a single ingredient over multiple ingredients.
High costs implicated in R&D, and higher costs of fortified and enhanced products are the major limitations for this market.
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.
USA is the leading producer for customized premixes and highest market for this region followed by Canada.
Major Key Players in the North America 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, LycoredHexagon Nutrition Pvt. Ltd, Archer Daniels Midland Company, and WATSON-INC
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