ACCESS Newswire
19 May 2020, 20:07 GMT+10
Demand for customized premixes is rising during the global pandemic driven by the need for high-nutrition foods for bolstering immune responses. Manufacturers leverage consumer habits for wider scope of end products.
DUBAI, UAE / ACCESSWIRE / May 19, 2020 / The global COVID-19 pandemic has resulted in consumers choosing healthier food choices, with focus on mitigating deficiencies of essential minerals and vitamins. In addition, retailers are increasingly taking measures to prevent hoarding, which will aid in maintaining adequate inventories. On the other hand, the pandemic has also resulted in substantial disruptions in terms of procuring essential raw materials, which will limit market growth, by hindering production abilities during this period as projected by a new study of Future Market Insights (FMI). The global customized premixes market is anticipated to witness healthy growth on the back of strong demand for functional foods and surpass the projected revenue of US$ 2 Bn through 2030.
'Currently, customized premixes manufacturers are working on optimizing their resource and supply chain networks in a bid to minimize wastage. Key strategies such as collaborations with local suppliers to maintain business amidst ongoing COVID-19 crisis will allow growth in the market in the years ahead,' says the FMI study.
Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/reports/sample/rep-gb-11526
Customized Premixes Market - Key Takeaways
Customized Premixes Market - Key Driving Factors
Customized Premixes Market - Key Restraints
COVID-19 Impact on Customized Premixes Market
Hectic lifestyles of consumers have made a major impact on eating habits, often resulting in nutritional deficiencies, raising the risk of disease. Customized premixes have become a viable substitute for the nutritional demands, supporting market growth.
However, social distancing and nationwide lockdowns have caused the closure of production facilities, which will hamper market growth. Also, retailers around the world are taking measures to prevent panic buying, aiding adequate supplies for the coming months. Manufacturers are seeking guidance and monetary assistance from governments to mitigate losses during this time.
Request the Coronavirus Impact analysis across Industries and Markets@ https://www.futuremarketinsights.com/covid19/rep-gb-11526
Competitive Landscape
Major players are seeking to leverage local collaborations to support the changing consumer lifestyles and incomes. Further, manufacturers are seeking to diversify products for a wider range of consumer demographics. Farbest Brands, Glanbia plc, The Wright Group, Vitablend, Watson, Cargill, Corbion, Arla, DSM, and Stern Vitamins GmbH are some of the leading customized premixes producers in the global market.
About the Report
This study offers readers a comprehensive market forecast of the customized premixes market. Global, regional and country-level analysis of the latest industry trends impacting the customized premixes market is covered in this Future Market Insight (FMI) study. The report offers compelling insights on customized premixes market on the basis of nutrient (vitamins, minerals, amino acids, nutraceuticals, and nucleotides), application (beverages, dairy, cereals, bakery & confectionary, nutrition products, and dietary supplements), form (powder and liquid), and functionality (bone health, skin health, energy, immunity, and digestion) across six regions (North America, Latin America, Europe, Asia, Oceania, and MEA).
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About Future Market Insights
Expert analysis, actionable insights, and strategic recommendations of the veteran research team at FMI helps clients from across the globe with their unique business intelligence requirements. With a repository of over a thousand reports and 1 million+ data points, the team has scrutinized the food & beverages sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
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Market Report: https://www.futuremarketinsights.com/reports/customized-premixes-market
Press Release Source: https://www.futuremarketinsights.com/press-release/customized-premixes-market
SOURCE: Future Market Insights
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