According to a recent report by Future Market Insights (FMI), a market research and competitive intelligence provider, the global sales of drum to hopper blends are estimated to reach a valuation of US$ 1.53 Bn by 2032, exhibiting a CAGR of 6.6% throughout the forecast period (2022-2032)
A major reason fueling expansion in the global drum-to-hopper blend market is the rising need for food fortification due to an increase in malnutrition incidence and rising health awareness. The demand for the drum to hopper blends has increased recently because many food products, including flour, sugar, maize, wheat, and vegetable oils, are typically supplemented with vitamins and minerals to boost health.
Drum-to-hopper mixes are used to increase the nutritional value of foods and supplements, which is important for meeting the body’s needs. These mixtures enhance immunity, digestion, and bone health.
Consumption of mineral and nutrient premix, like infant formula based on amino acid, is also on the rise, owing to consumers’ growing preference for nutritional fortification of baby food and infant formula.
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In addition to this, the rising demand for customized premixes and a greater emphasis by various government bodies on raising awareness about the benefits of supplements will drive market growth during the forecast period.
Key Takeaways from Market Study
- By form, powdered blend sales will continue to generate significantly more revenue than liquid blend sales.
- Based on ingredients, the amino acids segment is expected to retain its dominance in the global drum-to-hopper blends market, accounting for over 33% revenue share through 2032.
- North America will continue to dominate the global drum-to-hopper blends market during the assessment period.
- The drum-to-hopper blends industry in the U.S. is expected to have the largest market share at 65% and to be the most profitable in North America.
- With rising consumption of fortified foods, demand for drum-to-hopper blends is to grow at a robust pace across the U.K. during the forecast period.
“Factors such as rising demand for functional foods and beverages, as well as increased availability of nutraceuticals in various forms, will drive the drum to hopper blends market growth during the forecast period,” says a lead analyst at Future Market Insights.
Who is Winning?
Some of the key players in the Drum to hopper blends Market include Glanbia, Archer Daniels Midland, Koninklijke DSM, B&H Biotechnology, Jubilant Life Sciences, Farbest Brands, Fenchem, Prinova Group, Watson Inc, Barentz, Lycored, SternVitamin, Hexagon Nutrition.
These leading drum to hopper blends manufacturers are adopting various strategies such as product innovation, strategic mergers, acquisitions, and partnerships to gain a competitive edge in the global drum to hopper blends market. For instance,
- In December 2020, Prinova launched a line of premixes for dairy replacement products to assist manufacturers in responding to the plant-based revolution.
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Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the drum to hopper blends presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
The study divulges compelling insights on the blends based on Form (Powder, Liquid), Ingredient Type (Vitamins, Minerals, Amino Acids, Nucleotides), Application Type (Early Life Nutrition/ Baby Food, Food & Beverages, Pharma OTC Drugs, Dietary Supplements), Function Type (Bone Health, Immunity, Digestion) region (North America, Latin America, Europe, Japan, APEJ, MEA).
Drum to Hopper Blends Market by Category
By Form:
- Powder
- Liquid
By Ingredient:
- Vitamins
- Minerals
- Amino Acids
- Nucleotides
By Application:
- Early Life Nutrition/ Baby Food
- Food & Beverages
- Pharma OTC Drugs
- Dietary Supplements
By Function:
- Bone Health
- Immunity
- Digestion
By Region:
- North America
- Europe
- Asia Pacific
- MEA
- Latin America
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Frequently Asked Questions
- At what rate will the drum to hopper blends Market grow?
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- What are the key strategies adopted leading drum to hopper blend manufacturers?
- Who are the key players in the Drum to hopper blends Market?
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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