The Worldwide Food Fortifying Agents Industry is Expected to Reach $128 Billion by 2027 – PR Newswire

DUBLIN, Aug. 15, 2022 /PRNewswire/ -- The "Food Fortifying Agents Market by Type (Minerals, Vitamins, Carbohydrates, Prebiotics, Probiotics), Application (Cereal & Cereal-based Products, Bulk Food Items), Process (Drum Drying, Dusting) and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The food fortifying agents market is projected to reach USD 128.0 Billion by 2027 growing at a CAGR of 10.1% from 2022 to 2027. Increasing consumer awareness with respect to the health benefits associated with fortifying agents and growing preventive healthcare measures undertaken by the consumers is proliferating the demand for food fortifying agents market.

The vitamins segment dominates the market with 26.0% of total market share in terms of value

Vitamins, also known as vital amines, are essential in micro quantities to ensure normal metabolism and growth of the body. They are classified as micronutrients because they are normally required in small amounts; usually a few milligrams (mg) or micrograms (?g) per day. A total of 13 vitamins have been identified, namely, vitamin A & provitamin A, vitamin B (B1, B2, B3, B5, B6, B9, and B12), vitamin C, vitamin D, vitamin E, and vitamin K.

Most vitamins cannot be synthesized by the body, as a result of which, they must be obtained through external sources. An exception is vitamin D, which can be synthesized by the action of sunlight on the skin. The segment held the largest share owing to rising risks of chronic diseases and consumer awareness regarding benefits of vitamins.

Food fortifying agents have high demand in bulk food items industry

The dominance of this application can be attributed due to the increasing demand for high-quality food products and changing health trends, which in turn increases the demand for food fortifying agents. The market is driven by the growing health awareness among consumers, urging companies to offer various food fortifying agents for various applications, such as functional foods, beverages, dietary supplements, infant formula, and dairy, due to their health benefits.

Fortification of bulk food items is an appropriate vehicle for the micronutrient and is widely consumed by the general population; it is intended for intervention programs to address the deficiency in a specific target population.

Asia Pacific is projected to witness the growth of 10.8% during the forecast period

The food fortifying agents market in Asia Pacific is growing at a CAGR of 10.8% due to the increasing health-consciousness among the consumers and the multi-benefits of food fortifying agents. The Asia Pacific food fortifying agent market is competitive in nature having a large number of domestic and multinational players competing for market share.

Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights4.1 Brief Overview of the Food Fortifying Agents Market4.2 North America: Food Fortifying Agents Market, by Application and Country4.3 Food Fortifying Agents Market, by Type4.4 Food Fortifying Agents Market, by Application4.5 Food Fortifying Agents Market, by Application and Region

5 Market Overview5.1 Introduction5.1.1 Drivers5.1.1.1 Consumer Awareness About the Health Benefits of Fortifying Agents and Increasing Focus on Preventive Healthcare5.1.1.2 Increasing Demand for Fortifying Agents in Dietary Supplements5.1.1.3 Increase in Application Profiling and Existing Applications Finding New Markets5.1.1.4 Increasing Cases of Chronic Diseases5.1.2 Restraints5.1.2.1 High Cost Involved in R&D Activities5.1.3 Opportunities5.1.3.1 Growing Applications of Food Fortifying Agents5.1.3.2 Technical Assistance by Governments5.1.3.3 Growing Demand from Emerging Economies5.1.4 Challenges5.1.4.1 Price Differences in Fortified Vs. Non-Fortified Products5.1.4.2 Multi-Page Labeling on the Rise

6 Industry Trends6.1 Introduction6.2 Supply Chain Analysis6.3 Key Industry Insights6.4 Porter's Five Forces Analysis6.4.1 Threat of New Entrants6.4.2 Threat of Substitutes6.4.3 Bargaining Power of Suppliers6.4.4 Bargaining Power of Buyers6.4.5 Intensity of Competitive Rivalry6.5 Key Conferences & Events in 2022-2023

7 Regulatory Framework7.1 Overview7.2 North America7.2.1 Canada7.2.2 US7.2.3 Mexico7.3 European Union (Eu)7.4 Asia-Pacific7.4.1 Japan7.4.2 China7.4.3 India7.4.4 Australia & New Zealand7.5 Rest of the World (Row)7.5.1 Brazil7.6 Dietary Trends7.6.1 Recommended Nutrient Intakes

8 Food Fortifying Agents Market, by Type8.1 Introduction8.2 Minerals8.2.1 Increasing Application of Minerals in Food Products due to Rising Health Benefits8.3 Vitamins8.3.1 Growing Consumer Awareness of Cardiovascular Health8.4 Lipids8.4.1 Rising Consumption of Omega-3 Fatty Acids to Reduce the Risk of Chronic Heart Diseases8.5 Carbohydrates8.5.1 Growing Application of Nutrients in Food & Beverage Products8.6 Proteins & Amino Acids8.6.1 Increasing Health Benefits of Proteins & Amino Acids to Support Market Growth8.7 Prebiotics8.7.1 Growing Preference for Natural Alternatives Over Conventional Medicines8.8 Probiotics8.8.1 Growing Application of Probiotics in Dietary Supplements8.9 Other Types8.9.1 Increasing Application of Other Food Fortifying Agents to Maintain Spine Health Supports Market Growth

9 Food Fortifying Agents Market, by Application9.1 Introduction9.2 Cereals & Cereal-Based Products9.2.1 Fortified Breakfast Cereals Play a Significant Role in Ensuring Nutritional Adequacy9.3 Dairy & Dairy-Based Products9.3.1 Enhances the Nutritional Value of Dairy & Dairy-Based Products9.4 Fats & Oils9.4.1 Increasing Popularity of Fortified Edible Oil Among Consumers9.5 Bulk Food Items9.5.1 Fortification of Bulk Food Items is an Appropriate Vehicle for Micronutrients9.6 Beverages9.6.1 There is Increasing Awareness Among Consumers Regarding Gut Health and Immunity9.7 Infant Formula9.7.1 Rising Economic Growth of Consumers with a Preference for Convenience Foods9.8 Dietary Supplements9.8.1 Growing Omega-3 Supplements' Demand due to Numerous Health Benefits9.9 Other Applications9.9.1 Increasing Focus on Feed, with Increased Opportunities in Dairy and Meat Industries, Contributes to the Growth of this Segment

10 Food Fortifying Agents Market, by Process10.1 Overview10.2 Types of Technologies and Processes Used in Food Fortification10.2.1 Powder Enrichment10.2.2 Premixes and Coatings10.2.3 Drum Drying10.2.4 Dusting10.2.5 Spray Drying Under the Microencapsulation Process

11 Food Fortifying Agents Market, by Region

12 Competitive Landscape12.1 Overview12.2 Market Share Analysis, 202112.3 Historical Revenue Analysis of Key Players12.4 Company Evaluation Matrix for Key Players12.4.1 Stars12.4.2 Pervasive Players12.4.3 Emerging Leaders12.4.4 Participants12.4.5 Food Fortifying Agents: Footprint, by Type (Key Players)12.5 Company Evaluation Matrix for Other Players12.5.1 Progressive Companies12.5.2 Starting Blocks12.5.3 Responsive Companies12.5.4 Dynamic Companies12.6 Competitive Scenario12.6.1 New Product Launches12.6.2 Deals12.6.3 Other Developments

13 Company Profiles13.1 Key Players13.1.1 Cargill13.1.2 Ingredion13.1.3 Tate & Lyle13.1.4 Dsm13.1.5 Arla Foods Amba13.1.6 Chr. Hansen Holding A/S13.1.7 Dupont13.1.8 Archer Daniels Midland Company13.1.9 Basf Se13.1.10 Nestle Sa13.1.11 Wenda Ingredients, LLC13.1.12 Royal Cosun13.1.13 Stratum Nutrition13.1.14 A&B Ingredients, Inc.

14 Adjacent and Related Markets

15 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/7d71gb

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The Worldwide Food Fortifying Agents Industry is Expected to Reach $128 Billion by 2027 - PR Newswire