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 Billion 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.
Expand Your Horizons! Get Our Report Sample Today and Enhance Your Understanding
https://www.futuremarketinsights.com/reports/sample/rep-gb-15260
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.
Make Smarter Moves! Supercharge Your Decisions with a Custom Report – Request it Now!
https://www.futuremarketinsights.com/ask-question/rep-gb-15260
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
Not getting the data you are looking for?
Our experts provide you customized reports!
https://www.futuremarketinsights.com/customization-available/rep-gb-15260
Frequently Asked Questions
- At what rate will the drum to hopper blends Market grow?
- What is the expected valuation of the drum to hopper blends market by 2032?
- What are the key factors driving the drum to hopper blends Market?
- Which region dominates the global drum to hopper blends market?
- What are the key strategies adopted leading drum to hopper blend manufacturers?
- Who are the key players in the Drum to hopper blends Market?
Author
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
