Global Food Fortifying Agents Market

Food Fortifying Agents Market by Applications (Dairy & Dairy-based Products, Cereals & Cereal-based Products, Fats & Oils, Beverages, Infant Formula, Dietary Supplements, and Others), Types (Lipids, Prebiotics & Probiotics, Carbohydrates, Minerals, Proteins & Amino Acids, Vitamins, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: FB-4566
  • Author: Growth Market Reports
  • Rating: 4.7
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  • No. Of Pages: 182
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The global food fortifying agents market size is expected to expand at a CAGR of 7.8% during the forecast period, 2021–2028. The growth of the market is attributed to consumers' increased health consciousness and maladies caused due to the vitamin deficiencies.

Global Food Fortifying Agents Market summary

Food fortifying agents are used to boost the nutrients in dietary meals and cereals through addition of micronutrients to these food items. Commercial fortification, bio-fortification, and home fortification are the three types of food fortification processes available in the market. Several manufacturers and governments are working together to decrease nutritional deficiencies among their population as part of public health policy. Food fortification has been identified by the Food and Agricultural Organization (FAO) and the World Health Organization (WHO) as one of the important measures for reducing widespread malnutrition, particularly in developing countries. BASF SE launched a tailored nutrition solution for cardiovascular health in March 2018 in order to lower the health risks associated with chronic illnesses. However, as per studies, nutrients must be ingested in an effective yet safe level and for healthy life, a calculated amount of nutrient should be ingested every day.

The market for food fortifying chemicals is gradually reaching to its pre-COVID-19 operation levels, with a strong support for the growth from various factors, owing to most emerging nations' V-shaped recovery. Vitamin fortification of foods has been considered to be a useful means for addressing nutritional deficits in the general population.

Market Trends, Drivers, Restraints, and Opportunities

  • Wide involvement of government agencies and their encouraging policies to increase nutritious foods among their people is a key factor propelling the market.
  • Growing number of the elderly population globally has boosted the need for fortified foods due to numerous medical conditions such as adult malnutrition is anticipated to boost the market.
  • Risk of overconsumption of a certain nutrient and its harmful health consequences are expected to hinder the market growth during the forecast period.
  • Significant level of investment by key manufacture to develop highly nutritious fortified food products presents a key aspect for the market expansion.
  • Entry of regular debuts of newly manufacturers providing products such as modified vitamin blends foods fortifying agents is creating lucrative opportunities for the market.

Scope of the Report

The report on the global food fortifying agents market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Food Fortifying Agents Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Dairy & Dairy-based Products, Cereals & Cereal-based Products, Fats & Oils, Beverages, Infant Formula, Dietary Supplements, and Others), and Types (Lipids, Prebiotics & Probiotics, Carbohydrates, Minerals, Proteins & Amino Acids, Vitamins, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

DuPont; BASF SE; Advanced Organic Materials S.A.; Cargill Incorporated; and Archer Daniels Midland Company

Market Segment Insights

Dietary Supplements segment to expand at a considerable CAGR

On the basis of applications, the food fortifying agents market is segmented into dairy & dairy-based products, cereals & cereal-based products, fats & oils, beverages, infant formula, dietary supplements, and others. The dietary supplements segment is projected to expand at a considerable CAGR during the forecast period owing to wide consumption of supplement dietaries among a large number of the global population due its health advantages. It is primarily focused towards the ageing population and increased interest in personal fitness. On the other hand, the cereals & cereal-based products segment is anticipated to account for a major market share during the forecast period due to the rising demand for high-quality food products and shifting health trends towards the consumption of these products.  

Global Food Fortifying Agents Market applications

Vitamins segment to hold a significant share of the market

In terms of types, the market is divided into lipids, prebiotics & probiotics, carbohydrates, minerals, proteins & amino acids, vitamins, and others. The vitamins segment is expected to hold a significant share of the market during the forecast period due to wide prevalence of illnesses caused by vitamin deficiencies such as osteoporosis and rickets, as well as rising healthcare costs, and rising ageing population. However, the prebiotics & probiotics segment accounts for a significant market share as the increasing needs for vital nutrients among patients suffering from chronic illnesses.

Global Food Fortifying Agents Market types

North America is anticipated to constitute a key market share

In terms of regions, the food fortifying agents market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to urbanized lifestyle of the population and expansion of key global companies in the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to disposable income of a large number of the population and rising demand for nutritious foods. A number of experiments in China have been carried out to determine the efficacy, effectiveness, and practicality of fortifying soy sauce with iron.

Global Food Fortifying Agents Market region

Segments

The global food fortifying agents market has been segmented on the basis of
Applications

  • Dairy & Dairy-based Products
  • Cereals & Cereal-based Products
  • Fats & Oils
  • Beverages
  • Infant Formula
  • Dietary Supplements
  • Others

Types

  • Lipids
  • Prebiotics & Probiotics
  • Carbohydrates
  • Minerals
  • Proteins & Amino Acids
  • Vitamins
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Key players competing in the global food fortifying agents market are DuPont; BASF SE; Advanced Organic Materials S.A.; Cargill Incorporated; and Archer Daniels Midland Company. The worldwide market for food fortifying agents is diversified due to the existence of big regional and local companies in several countries. Acquisitions, mergers, expansions, and collaborations, as well as introduction of new products are some key strategies focused by major firms to improve brand awareness among customers.

Global Food Fortifying Agents Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Fortifying Agents Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Food Fortifying Agents Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Food Fortifying Agents Market - Supply Chain
  4.5. Global Food Fortifying Agents Market Forecast
     4.5.1. Food Fortifying Agents Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Food Fortifying Agents Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Food Fortifying Agents Market Absolute $ Opportunity
5. Global Food Fortifying Agents Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Food Fortifying Agents Market Size and Volume Forecast by Types
     5.3.1. Lipids
     5.3.2. Prebiotics & Probiotics
     5.3.3. Carbohydrates
     5.3.4. Minerals
     5.3.5. Proteins & Amino Acids
     5.3.6. Vitamins
     5.3.7. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Food Fortifying Agents Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Food Fortifying Agents Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Food Fortifying Agents Demand Share Forecast, 2019-2026
7. North America Food Fortifying Agents Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Food Fortifying Agents Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Food Fortifying Agents Market Size and Volume Forecast by Types
     7.4.1. Lipids
     7.4.2. Prebiotics & Probiotics
     7.4.3. Carbohydrates
     7.4.4. Minerals
     7.4.5. Proteins & Amino Acids
     7.4.6. Vitamins
     7.4.7. Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Food Fortifying Agents Demand Share Forecast, 2019-2026
8. Latin America Food Fortifying Agents Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Food Fortifying Agents Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Food Fortifying Agents Market Size and Volume Forecast by Types
     8.4.1. Lipids
     8.4.2. Prebiotics & Probiotics
     8.4.3. Carbohydrates
     8.4.4. Minerals
     8.4.5. Proteins & Amino Acids
     8.4.6. Vitamins
     8.4.7. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Food Fortifying Agents Demand Share Forecast, 2019-2026
9. Europe Food Fortifying Agents Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Food Fortifying Agents Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Food Fortifying Agents Market Size and Volume Forecast by Types
     9.4.1. Lipids
     9.4.2. Prebiotics & Probiotics
     9.4.3. Carbohydrates
     9.4.4. Minerals
     9.4.5. Proteins & Amino Acids
     9.4.6. Vitamins
     9.4.7. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Food Fortifying Agents Demand Share Forecast, 2019-2026
10. Asia Pacific Food Fortifying Agents Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Food Fortifying Agents Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Food Fortifying Agents Market Size and Volume Forecast by Types
     10.4.1. Lipids
     10.4.2. Prebiotics & Probiotics
     10.4.3. Carbohydrates
     10.4.4. Minerals
     10.4.5. Proteins & Amino Acids
     10.4.6. Vitamins
     10.4.7. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Food Fortifying Agents Demand Share Forecast, 2019-2026
11. Middle East & Africa Food Fortifying Agents Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Food Fortifying Agents Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Food Fortifying Agents Market Size and Volume Forecast by Types
     11.4.1. Lipids
     11.4.2. Prebiotics & Probiotics
     11.4.3. Carbohydrates
     11.4.4. Minerals
     11.4.5. Proteins & Amino Acids
     11.4.6. Vitamins
     11.4.7. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Food Fortifying Agents Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Food Fortifying Agents Market: Market Share Analysis
  12.2. Food Fortifying Agents Distributors and Customers
  12.3. Food Fortifying Agents Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. DuPont
     12.4.2. BASF SE
     12.4.3. Advanced Organic Materials S.A.
     12.4.4. Cargill Incorporated
     12.4.5. Archer Daniels Midland Company

The global food fortifying agents market has been segmented on the basis of
Applications

  • Dairy & Dairy-based Products
  • Cereals & Cereal-based Products
  • Fats & Oils
  • Beverages
  • Infant Formula
  • Dietary Supplements
  • Others

Types

  • Lipids
  • Prebiotics & Probiotics
  • Carbohydrates
  • Minerals
  • Proteins & Amino Acids
  • Vitamins
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Key players competing in the global food fortifying agents market are DuPont; BASF SE; Advanced Organic Materials S.A.; Cargill Incorporated; and Archer Daniels Midland Company. The worldwide market for food fortifying agents is diversified due to the existence of big regional and local companies in several countries. Acquisitions, mergers, expansions, and collaborations, as well as introduction of new products are some key strategies focused by major firms to improve brand awareness among customers.

Global Food Fortifying Agents Market keyplayers

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