Consumption of customized premix in Korea is anticipated to exhibit a CAGR of 7.0% through 2033. The customized premix industry in Korea is poised to witness significant opportunities with a USD 34.3 million valuation in 2023.
A need for customized premix that can fortify plant-based products with essential nutrients is increasing with the growing interest in plant-based diets and veganism.
As in many other parts of the world, consumers in Korea are increasingly looking for clean and sustainably sourced ingredients in their food and beverages. Customized premix that offers sustainable and environment-friendly solutions may find favor in the industry. By 2033, customized premix sales in Korea are likely to secure USD 65.5 million.
| Attributes | Details |
|---|---|
| Demand Analysis | USD 34.3 million |
| Demand Forecast | USD 65.5 million |
| Forecasted CAGR from 2023 to 2033 | 7.0% |
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Increased awareness about the importance of vitamins in maintaining overall health and well-being has led to a growing demand for products fortified with specific vitamins. Consumers are actively seeking out products that offer targeted nutritional benefits.
| Customized Premix in Korea based on Ingredient Type | Vitamin Premix |
|---|---|
| Share in % in 2033 | 16.0% |
Based on ingredient type, the vitamin premix segment is expected to account for a share of 16.0% in 2033. There is a heightened need for products that cater to the specific nutritional requirements of older individuals, as the global population continues to age. Vitamin premix can be formulated to address age-related health concerns, such as bone health and cognitive function.
The popularity of nutraceuticals and functional foods has been on the rise. The products are often enriched with specific vitamins to deliver health benefits, such as immune support, and heart health. The trend of personalized nutrition is driving the demand for customized premix that contain specific vitamins tailored to the unique dietary requirements of individuals.
Consumers are increasingly seeking foods and beverages that not only satisfy their nutritional needs but also provide additional health benefits. Vitamin premix enables manufacturers to meet this demand by fortifying products with essential vitamins.
Consumers in Korea are increasingly looking for food products that not only satisfy their hunger but also offer health and wellness benefits. Customized premix enables food manufacturers to fortify their products with essential nutrients, vitamins, and minerals to meet these demands.
| Customized Premix in Korea based on Application | Food Sector |
|---|---|
| Share in % in 2033 | 69.0% |
Based on application, the food sector segment is expected to account for a share of 69.0% in 2033.
The demand for functional foods and nutraceuticals has been on the rise in Korea. The products are formulated to provide specific health benefits beyond basic nutrition. Customized premix is crucial for creating these functional foods, which may target areas like heart health, digestive health, and immunity.
The trend of personalized nutrition has gained momentum. Consumers are seeking products that align with their specific dietary requirements, health goals, and lifestyle. Customized premix plays a central role in tailoring food products to meet individual nutritional needs.
Customized premix is valuable in the formulation of food products aimed at the nutrition of children. The products may include fortified snacks, cereals, and beverages designed to support healthy growth and development.
The rise of functional snacks, such as protein bars and energy bites, has created a substantial industry for customized premix. The snacks offer a convenient way for consumers to boost their nutrition and energy levels.
Growing health consciousness among consumers in South Gyeongsang has led to an increased demand for customized premix that offers specific health benefits, and overall well-being.
The rise of functional beverages, such as vitamin-infused drinks and energy beverages, has created a significant industry for customized premix. The beverages offer a convenient way for consumers to get essential nutrients and health benefits.
Customized premix can be formulated to meet various dietary trends, including gluten-free, dairy-free, vegan, and keto diets. They can also be used to create allergen-free products for individuals with food sensitivities.
Consumers in North Jeolla are becoming environmentally conscious. Sustainable sourcing and production of customized premix can be a competitive advantage for manufacturers in this industry.
The growth of eCommerce and online retail channels has made it easy for consumers in North Jeolla to access a wide variety of customized premix-based products. In turn, it boosts industry growth. Ongoing research and innovation in the food and beverage industry drive the development of new products that often require specialized premix to achieve the desired nutritional profiles and taste.
Jeju is known for its fertile soil and favorable climate, making it an excellent region for agricultural production. The abundance of local ingredients can support the growth of customized premix by providing access to high-quality, fresh, and locally sourced raw materials.
Jeju is a popular tourist destination, both for domestic and international travelers. The tourism industry often presents opportunities for the food and beverage sector. The demand for innovative, locally inspired products using customized premix can grow as a result.
Jeju has unique and indigenous ingredients that are not commonly found in other regions. The use of these distinctive local flavors in customized premix can create products that stand out in the industry.
Jeju has a unique cultural and culinary heritage. The integration of local cultural elements and traditional recipes with customized premix can result in products that resonate with local consumers and tourists
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The customized premix industry in Korea is part of the large food and beverage sector, which is characterized by a diverse range of players, including local and multinational companies. The landscape is primarily driven by consumer demand for healthy, convenient, and personalized food products. Customized premix, which offers tailored solutions for various nutritional and functional needs, plays a crucial role in meeting these demands.
Recent Developments Observed with Customized Premix in Korea
| Attributes | Details |
|---|---|
| Estimated Industry Size in 2023 | USD 34.3 million |
| Projected Industry Size in 2033 | USD 65.5 million |
| Anticipated CAGR from 2023 to 2033 | 7.0% CAGR |
| Historical Analysis of Demand for Customized Premix in Korea | 2018 to 2022 |
| Demand Forecast for Customized Premix in Korea | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Customized Premix adoption in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Producers in Korea |
| Key Provinces Analyzed while Studying Opportunities in Customized Premix in Korea | South Gyeongsang, North Jeolla, South Jeolla, Jeju |
| Key Companies Profiled | Hanmi F3 Co., Ltd.; Puratos Group; Archer-Daniels-Midland Company; CJ CheilJedang; LG Chem; KGC Ginseng Corporation; Lotte Corporation; Samsung SDS; Daesang Corporation |
The industry in Korea is expected to be valued at USD 34.3 million by 2023.
The anticipated ecosystem CAGR is 7.0% through 2033.
Demand for customized premix in Korea is expected to be USD 65.5 million by 2033.
The vitamin premix segment is expected to dominate the demand for customized premix.
The food sector segment to remain a key contributor in the Korea customized premix ecosystem.
1. Executive Summary 2. Market Overview 3. Market Background 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Ingredient Type 5.1. Vitamin Premix 5.2. Mineral Premixes 5.3. Nucleotides Premixes 5.4. Amino Acids Premixes 5.5. Enzymes 5.6. Coccidiostats 5.7. Probiotics 5.8. Prebiotics 5.9. Multigrain Premix 5.10. Omega 3 Fatty Acids 5.11. Excipients 5.12. Gums 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Form 6.1. Powder 6.2. Liquid 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Function 7.1. Bone Health 7.2. Immunity 7.3. Digestion 7.4. Energy 7.5. Heart Health 7.6. Weight Management 7.7. Vision Health 7.8. Brain Health & Memory 7.9. Resistance 7.10. Others 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type 8.1. Premix blends/Direct-to-consumer solutions 8.2. Drum to hopper formulations 9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application 9.1. Food Sector 9.1.1. Early Life Nutrition/Baby Food 9.1.2. Medical Nutrition 9.1.3. Sports Nutrition & Energy Drinks 9.1.4. Milk and Milk products 9.1.5. Bakery and Confectionery Products 9.1.6. Cereals & Snacks 9.1.7. Oils and fats 9.1.8. Staple foods (Flour, Salt, and Rice) 9.2. Dietary Supplements 9.3. Pharma OTC Drugs 9.4. Pet Food 10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. South Gyeongsang 10.2. North Jeolla 10.3. South Jeolla 10.4. Jeju 10.5. Rest of Korea 11. South Gyeongsang Customized Premix Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 12. North Jeolla Customized Premix Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 13. South Jeolla Customized Premix Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 14. Jeju Customized Premix Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 15. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 16. Market Structure Analysis 17. Competition Analysis 17.1. Lacto Korea Co., Ltd 17.2. Fuerst Day Lawson Pvt Ltd. 17.3. North America Calcium Private Ltd 17.4. Hexagon Nutrition Pvt. Ltd. 17.5. Jubilant Life Sciences 17.6. Koninklijke DSM N.V. 17.7. LycoRed Limited 17.8. Manisha Pharma Plast Pvt Ltd. 17.9. Mirpain Gida San. ve Tic. A.S. 17.10. Mühlenchemie / SternVitamin, Nature's Logic 18. Assumptions & Acronyms Used 19. Research Methodology
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Demand and Trend Analysis of Customized Premix in Korea
