Reflecting a remarkable CAGR of 8.5%, the global custom dry ingredients blends market is expected to exceed US$ 27 Bn by the end of the forecast period (2019 – 2029).
Due to the increasing occurrence of nutritional deficiencies, fortification programs are attempted as public health plans. The need for custom dry ingredients will, therefore, continue to rise, considering challenges laid by malnutrition to several international and government authorities. It is projected that about 2 billion individuals in the world lack essential minerals and vitamins required for sustainable and healthy lives.
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Food fortification involves purposefully enhancing the essential micronutrients content such as minerals and vitamins, to enhance the food nutritional content without compromising the taste. Additionally, it has demonstrated to be a cost-efficient public health measure to battle malnutrition with minimal wellbeing hazards. Due to these aspects, the implementation of food fortification is generally encouraged by the government and buyers to enhance the nutrition of the large segment of the world’s population.
Manufacturers of custom blends are invigorating food ingredients with probiotics, organic acid, enzymes, minerals, omega-3 fatty acids, collagen, and vitamins. This is focused on the wellbeing and health-conscious consumer base. Food ingredients such as oil, salt, and flour are generally utilized for fortification, as they are consumed by the majority, incorporating a vulnerable group of individuals affected by malnutrition.
Key Takeaways of Custom Dry Ingredients Blends Market Study
- The U.S.’s custom dry ingredients blends market is projected to grow at 2.9% CAGR to account for revenue worth around US$ 4 Bn by 2029-end.
- Significant growth of the fortified food sector, increased per capita expenditure of consumers, and greater awareness in the developing markets are probable to facilitate healthy market growth in the future.
- Increasing demand for custom dry ingredient blends in various end-use verticals and increasing end-use applications, for instance, drink mixes, cereal mixes, dehydrated vegetable/fruit blend blended flours, and meat & meat products mixes are contributing to the market growth.
“Increasing awareness among customers regarding food nutrients in diets along with the accessibility of several alternatives is likely to fuel the market growth. It is anticipated that growing per capita expenditure for nutritional and healthy food would have a positive influence on the growth of the custom dry ingredient blends market,” says the FMI analyst.
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Gains Upheld by Millennials Favoring Natural Ingredients
Due to significant development and changing consumer trends, there are impressive changes in research activities for food and beverage ingredients. Accordingly, product developers have opted for new gadgets in digital technology, bioinformatics, artificial intelligence, and big data to remain in sync with food and beverage organizations that require inventive and special considerations to enhance their market entrance. Food & beverage organizations are likewise concentrating exceptionally on R&D activities to improve the multifunctional and nutritional profile of their food items. These factors will continue to play an instrumental role in the growth of the custom dry ingredients market.
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