Food Fortification Market Overview:
According to the MRFR report, the global food fortification market will likely grow substantially by the end of the forecasted timeframe ending in 2032.
Food Fortification Market Size is projected to reach USD 234.254 Billion By 2032, growing at a 6.4% CAGR from 2024 to 2032.
Food fortification refers to the method of integrating micronutrients such as proteins, minerals, and vitamins into food and beverage products to enhance the nutritional content. The global market for food fortification has recorded enormous growth in recent years. The market's growth is being driven by the increase in issues regarding micro-nutrient malnutrition and the increase in the demand level of fortified food products. However, stringent regulations and laws are likely to restrict the growth of the food fortification market over the forecasted era.
Competitive Landscape:
The global food fortification market has an intensely competitive landscape. The presence of plenty of players worldwide is projected to raise the market concentration. The market players are following new approaches and strategies to strengthen their global footprint. The leading players in the global Food Fortification Market Companies include Campbell Soup Company, Altria Group, Kraft Foods, Dean Foods, General Mills, Kellogg Co., Nestle SA, and several others.
Regional Analysis:
The global food fortification market is studied across five major regions: Asia-Pacific, Europe, North America, and the rest of the world.
The reports by MRFR suggest that the North American region is projected to dominate the global food fortification market over the forecasted era. The growth of the regional market is being driven by the growing proliferation of health-conscious individuals across the region. Furthermore, factors such as the increased disposable income of the population and rising awareness related to the importance of nutrients in the daily diet are also projected to influence the regional market's growth positively.
The Asia-Pacific region is likely to register the highest growth in the global food fortification market over the assessment period. The major aspect causing an upsurge in the regional market's growth is the growth in emerging economies such as China and India. Moreover, the factors such as growing awareness related to the health benefits of fortified food, increased government funding for supplying fortified food grain in the rural areas, research and development initiatives, and increased consumption of processed food are projected to boost the growth of the regional market.
The European regional market for food fortification is projected to record substantial growth over the forecasted era owing to the increasing consumer awareness and high demand for food products that are rich in nutrients.
Segmentations:
The global food fortification industry has been fragmented into several segments based on product, nutrients, type, and region.
Based on product, the global market for food fortification is split into infant formulas, bakery products, fats, and oils products, beverages, confectionery products, dairy products, and others.
Based on nutrients, the global food fortification market has been divided into prebiotics and probiotics, minerals, proteins, vitamins, and others.
Based on type, the global market for food fortification is split into ready-to-drink, ready-to-eat, ready-to-mix, frozen, and others.
Recent Developments:
- November 2021 – Kerry has announced the launch of Emulgold Fibre, a natural, soluble solution derived from acacia gum that can fortify white bread. At present, less than 20% of consumers achieve their daily target fiber intake. The head of European bakery business development at Kerry, Matthew May, said that consumers understand the connection between digestive health and fiber and the connection between digestive health with well-being and overall health.
- July 2021- LT Foods has announced the expansion of its product portfolio in the health sector with the launch of "Daawat Sehat," a fortified everyday Basmati rice fortified with vitamin and iron.
Related Reports:
Europe Pure Nicotine Market Research Report Information By Type (Nicotine 99%, Nicotine 99.9%, and Other), By Application (E-liquid, Bio-pesticides, and Pharmaceuticals), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) – Market Forecast Till 2032.
Spices Market: https://www.marketresearchfuture.com/reports/spices-market-1644
Beer Market: https://www.marketresearchfuture.com/reports/beer-market-1647
Gluten-Free Packaged Food Products Market: https://www.marketresearchfuture.com/reports/gluten-free-packaged-food-market-1652
Wine Market: https://www.marketresearchfuture.com/reports/wine-market-1655
Gluten Free Alcoholic Drinks Market: https://www.marketresearchfuture.com/reports/gluten-free-alcoholic-drinks-market-1661
North-American Industrial Chocolate Market: https://www.marketresearchfuture.com/reports/north-american-industrial-chocolate-market-1672
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.
Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.
Contact Us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
