Gloabl Food Fortifying Agents Market Overview
Food Fortifying Agents Market is anticipated to reach at USD 41.47 Billion by the end of 2030 with registering 16.7% CAGR during the forecast period, 2022–2030.
The technique of adding micronutrients to food products to increase their nutritional value is known as food fortification. Food fortifying agents are micronutrients, which are critical trace elements required for the correct functioning of all physiological systems. It is done commercially by food makers to improve the nutritional content of the product, and by the government under public health policy to reduce deficiencies within a community, such as iodine fortification of salt. People's activities throughout the day, regardless of demographic, dictate the type and amount of nutrients they require to sustain good health. The Food fortifying agents Market Growth has been observed to be increasing due to rising consumer health consciousness and vitamin deficiencies, which can induce health ailments such as anemia, scurvy, beriberi, and pellagra, to mention a few. Furthermore, investigations have shown that these are not just deficiency disorders, but rather conditions found in a generally well-nourished community.
As a result, food fortification with vitamins is a useful tool for addressing nutritional deficiencies in the population; nevertheless, a more reasonable strategy today is to utilize food fortification to supplement, rather than replace, dietary improvement methods (i.e. nutritional education campaigns). Furthermore, frequent debuts of newly manufactured products with modified vitamin blends, such as Alpha mind Vitamin-Infused Coffee, Snap Super Candy (vitamin-infused snacks), vitamin-infused water, and vitamin D fortified milk, are expected to fuel Food fortifying agents Market Value during the Market Analysis.
The COVID-19 outbreak has damaged the food and beverage industries, resulting in the temporary closure of industrial facilities and a decline in Food fortifying agents Market Trends. Players in the Food fortifying agents Market are focusing on strengthening their supply chains and speeding up their processes to avoid future revenue losses, with the primary goal of avoiding the spread of SARS-CoV-2 among healthcare workers. Furthermore, with the gradual lifting of the lockdown across countries and the containment of the novel coronavirus, the global market will be able to recover more quickly in the future. Furthermore, as a result of market participants' promotional measures, the worldwide Market share and Food fortifying agents Market size have increased.
The global market is expected to grow quicker in the next years than it is now. Numerous studies in the Food fortifying agents Market suggest that plant extracts can help minimize the likelihood of a new coronavirus. Market growth and Food fortifying agents Market Analysis are predicted to rise following COVID-19 as a result of customers' growing health concerns. Trade restraints substantially impede the sourcing of raw materials for Market product providers. Furthermore, the COVID-19's impact on logistics raises raw material prices, increasing the cost of Food fortifying agents' market items. The shift in customer preference for plant-based supplements is encouraging the development of new products and will contribute to the Food fortifying agents Market Outlook during the Food fortifying agents Market Forecast.
The demand for food fortifying agents is primarily driven by consumer health consciousness, increased interest in personal fitness, and an increase in the number of deficiency disorders. Furthermore, corporations do this to add value to their products and differentiate them from competitors. The Market Trends and Food fortifying agents Market Value is primarily being driven by an increase in consumer health consciousness. Government organizations' assistance has also fostered market growth. Rising consumer awareness, as well as an increase in chronic conditions such as cardiovascular disease, Alzheimer's disease, high blood pressure, and others, are boosting the Market Outlook during the Market Forecast. Furthermore, there has been a record increase in vitamin insufficiency instances, which has been another major reason driving revenue in the worldwide food fortifying agents market. Furthermore, many food manufacturers around the world have begun to recognize the benefits of food fortification in achieving a competitive advantage, driving up demand for food fortifying chemicals. Rapid advancements in the food fortification business have also contributed significantly to the rising demand for food fortifying agents since they greatly simplify the process of enhancing the nutritious value of the diet. Aside from that, the global food fortifying agents market is growing as a result of rising consumer knowledge about the need of eating high-quality, healthy foods, as well as changes in health trends.
The market is being restrained by rising raw material costs and competition among raw material providers, as well as laws governing the manufacturing and use of food fortifying agents. The high cost of food fortifying agents is the primary factor constraining growth in the global food fortifying agents market. However, the production of fortified food necessitates considerable expenditure, and with many countries experiencing economic collapse, individuals in these countries are finding it difficult to acquire vitamin-fortified food. They are instead opting for less expensive health foods and other options, such as dietary supplements, which are more economical, which are harming industry growth.
As individuals become more aware of the therapeutic benefits of Food fortifying agents products, the market is likely to rise. Food fortifying agents products offer qualities that help to treat vitamin and mineral deficiencies, maintain normal blood glucose levels, support a healthy cardiovascular system and immune system, neutralize free radicals, and enrich anemic blood. This might help with malnutrition, overall weakness, depression, menopause, osteoporosis, and arthritis, among other things. Furthermore, severe government limitations on the export of food fortifying agents may hinder industry growth. Before it can be used as a nutritional supplement, it must be certified organic, which could improve the market value of Food fortifying agents. The technology used in the production of Food fortifying agents has resulted in a different Food fortifying agents market perspective.
The Food Fortifying Agents market analysis is done considering various segments that will help the market grow as per the predicted CAGR growth by the end of the forecast period in 2027. The market has been segmented based on the following:
Based on the type, the market has been segmented as follows:
- Amino Acids
Based on the application, the market has been segmented as follows:
- Pulses & Cereals
- Fats & Oils
- Dietary Supplements
- Infant Formulas
Based on the region, the market has been segmented as follows:
- The Rest of Europe
- New Zealand
- The Rest of Asia-Pacific.
Rest of the World
- South America
- The Middle East
Because of the presence of health-conscious customers, North America is expected to lead the worldwide food fortifying agents market during the forecast period. Because of the growing popularity of fortified functional foods and increased interest in personal fitness, the European market is likely to be the second largest. Due to rising per capita disposable income and the expansion of important market participants, Asia-Pacific is expected to be the fastest expanding region. Furthermore, due to rising urbanization, the market in China is predicted to rise at a faster rate, supporting the market growth for food fortifying agents in the Asia-Pacific region.
Because of the presence of big regional and domestic companies in several countries, the worldwide market for food fortifying agents is fragmented. The merger, expansion, acquisition, and collaboration of companies, as well as new product creation, are highlighted as strategic measures used by prominent companies to improve their brand presence among customers. The major key players in the market are as follows:
- Döhler GmbH. (Germany)
- Koninklijke DSM NV (The Netherlands)
- Chr. Hansen Holdings A/S (Denmark)
- BASF SE (Germany)
- Kerry Group Plc. (Ireland)
- Arla Foods (Denmark)
- Cargill, Incorporated (US)
- Nestle SA (Switzerland)
- Tate & Lyle (UK)
- I. Du Pont De Nemours and Company (US)
- Ingredion (US)
- The Archer Daniels Midland Company (US)
Food fortification has been identified as one of the important ways to eliminate widespread malnutrition, particularly in developing countries, by the Food and Agricultural Organization (FAO) and the World Health Organization (WHO).
Several kinds of research have been undertaken in China to evaluate the efficacy, effectiveness, and practicality of fortifying soy sauce with iron content.
Estimated market sizes for value are included in this research (USD Million). To estimate and validate the size of the global food fortifying agents market, both top-down and bottom-up methodologies were used. This research study relies heavily on secondary sources to find and collect data for this technical, market-oriented, and commercial analysis of the technical enzymes industry. Several industry experts from core and allied sectors, as well as preferred suppliers, manufacturers, and distributors, are the primary sources. In-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among others, to obtain and verify critical qualitative and quantitative information and to assess prospects.
Frequently Asked Questions (FAQ) :
The expected CAGR growth of the food fortifying agents market is 16.7% by the end of the forecast period.
The North American region is expected to lead the worldwide food fortifying agents market during the forecast period in 2030.
The segments covered in the report of the food fortifying agents market are Type, Application, and Region.
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