Food Fortifying Agents Market

The Rising Demand for Food Fortifying Agents in the Global Food and Beverage Industry

The global food and beverage industry is witnessing a surge in the demand for food fortifying agents, aimed at enhancing the nutritional value and micronutrient content of food products. This burgeoning demand is driving the expansion of the market. For instance, a notable development in March 2022 saw the Nigerian government collaborating with local and international organizations to initiate a pilot program. This program focuses on establishing a digital system to ensure that essential foods are fortified with the appropriate levels of vital vitamins and minerals, thereby promoting optimal nutrition and health. Additionally, this system aims to monitor the fortified food items to ensure their effective reach to Nigerian consumers.

Furthermore, various sectors such as bakery and confectionery, dairy, dietary supplements, as well as beverages, are actively utilizing food-fortifying agents. Among these sectors, the dietary supplement industry stands out, experiencing a rise in the utilization of food-fortifying agents. This trend is driven by increasing consumer awareness of the health benefits associated with these agents, coupled with a shift in consumer preferences towards nutraceuticals encompassing vitamins and minerals. The beverage industry is also contributing to the demand for food-fortifying agents, attributed to the expanding market for sports nutrition beverages and the growing consumption of functional beverages.

In addition to the aforementioned sectors, businesses engaged in the production of bakery and confectionery items, dairy products, breakfast cereals, and infant formula are also embracing food fortifying agents. As a result, the widespread adoption of these agents across various applications is acting as a catalyst for the overall growth of the market.

Food Fortifying Agents Market Size

Report	Details
Market Size Value	USD 83.80 billion in 2024
Market Size Value	USD 164.5 billion in 2032
CAGR	7.80%
Forecast Period	2024-2032
Base Year	2023
Historic Data	2020
Segments Covered	By Process, Type, Application and Region
Geographics Covered	North America, Latin America, Europe, Asia-Pacific, Rest of the World

Major players Food Fortifying Agents Market include: Evonik Industries AG (Germany), DuPont De Numerous Inc. (U.S.), Cargill Incorporated, S.A. (U.S.), Advanced Organic Materials (Argentina), Archer Daniels Midland Company (U.S.), Cargill (US), Royal DSM (Netherlands), Chr. Hansen Holdings A/S (Denmark), DuPont (US), BASF SE (Germany), Arla Foods Amba (Denmark), Tate & Lyle (UK), Ingredion (US), Nestle SA (Switzerland), International Flavors & Fragrances Inc.(U.S.), Eastman Chemical Company (U.S.), Kellogg Co.(U.S.), Kemin Industries, Inc. (U.S.), Kalsec Inc.(U.S.) & others.

The increasing awareness of consumer health and the pressing concern of vitamin deficiency is driving the growth of the Market.

Based on Type, The vitamin segment hold the major market share, which is driven by a heightened awareness of consumer health and the pressing concern of vitamin deficiency leading to various health ailments. Moreover, research has illuminated that these ailments aren't limited to deficiency-related conditions alone; they also afflict communities that are generally well-nourished. This insight underscores the efficacy of fortifying food with vitamins as a means to effectively address nutritional gaps within the population.

Furthermore, the surge in health issues stemming from vitamin deficiencies, such as osteoporosis and rickets, coupled with the escalating healthcare costs and the burgeoning aging demographic, amplifies the significance of the vitamin sector within the global economy. This segment is particularly attuned to the needs of the expanding elderly population and the prevailing trend towards personal fitness pursuits.

Regional Insight

North America holds the highest market share in the Food Fortifying Agents market, with key players in the region FMC Corporation (US) and including Cargill (US). The availability of food fortifying agents across a diverse range of applications in the food and beverage sector, driven by technological advancements, is anticipated to fuel market growth in this region. Notably, the North American market continues to flourish across sectors such as bulk food items, fats and oils, dietary supplements, as well as fortified cereals and beverages. Increased consumer demand and technological innovations stand as pivotal factors propelling this market expansion. The functional attributes of fortifying agents are extensively researched and scientifically validated, positioning them as integral components of functional food formulations.

In Canada, the landscape of food fortification is evolving, as policies shift from stringent regulation to more expansive options. This transition is likely to pave the way for increased opportunities for food fortification, particularly in discretionary fortification.

Meanwhile, in the Asia Pacific region, the Food Fortifying Agents market gains momentum owing to the fast-paced lifestyles and rising disposable incomes of consumers. These agents find growing applications as consumer demand intensifies. Notably, proteins and amino acids emerge as rapidly growing segments across Asia Pacific. Key markets such as China, India, Japan, and Australia & New Zealand play significant roles, boasting extensive agricultural areas for the production of high-fiber content plants and oilseeds, which serve as primary raw materials for fiber and specialty carbohydrate ingredients.

The processed food industry in the Asia Pacific region is undergoing substantial growth due to evolving customer lifestyles. The food and beverage sector is currently undergoing transformative changes in response to rapid urbanization, dietary diversification, and increased foreign direct investment. The region's rising incomes, augmented purchasing power, and escalating consumer interest in nutritional and health-conscious products collectively contribute to promising growth prospects and diversification within the food sector. As a result, the demand for the Food Fortifying Agents market is poised for further proliferation in the region.

The Food Fortifying Agents Market research report provides an in-depth overview of the industry including market segmentation by process, type, application and region. Analysis of the global market with a special focus on high-growth applications in each vertical and fast-growing market segment. It includes a detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and top player’s rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, and game-changing developments such as new product launches, collaborations, expansions, investment analysis, mergers, and acquisitions.

Food Fortifying Agents Market is segmented by region and further by countries, process, type, and application. Players, stakeholders, and other participants in the global Food Fortifying Agents Market will be able to gain a strong position as this report will surely benefit their marketing strategies. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue forecast for the period 2023-2030.

The report further studies the market strategies of key players, recent development status, future plans, and Food Fortifying Agents Market trends across the world. Also, it splits Food Fortifying Agents Market Segmentation by process, type, application and region to deep dive research and reveals company profile and prospects.

Major Classifications are as follows:

• Food Fortifying Agents Market, By Process
  • Premixes And Coatings
  • Drum Drying
  • Dusting
  • Powder Enrichment
  • Spray Drying Under Microencapsulation Process
• Food Fortifying Agents Market, By Type
  • Proteins & amino acids
  • Vitamins
  • Lipids Prebiotics
  • Prebiotics & probiotics
  • Carbohydrates
  • Minerals
  • Others
• Food Fortifying Agents Market, By Application
  • Infant formula
  • Dairy & Dairy-Based Products
  • Cereals & cereal-based products
  • Fats & oils
  • bulk food items
  • Beverages
  • Feed
  • Dietary supplements
  • Others
• Food Fortifying Agents Market, By Geography
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Rest of the World
    • Middle East
    • UAE
    • Saudi Arabia
    • Israel
  • Africa
    • South Africa
    • Rest of Africa      

Reason to purchase this Food Fortifying Agents Market Report:

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• Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
• Identify the major channels that are driving the global Food Fortifying Agents Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
• Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Food Fortifying Agents Market.
• Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Food Fortifying Agents Market providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.