Food Fortifying Agents Market 2030 By Process, Type, Application (Infant formula, Dairy & Dairy-Based Products, Cereals & cereal-based products, Fats & oils, bulk food items, Beverages, Feed, Dietary supplements, Others) and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits

Industry : FMCG | Pages : 189 Pages | Published On : Dec 2023

         
     

Food Fortifying Agents Market size is estimated to grow from USD 81.6 Billion in 2022 to reach USD 161.7 Billion by 2030, growing at a CAGR of 9.1% during the forecast period from 2023 to 2030.

Food Fortifying Agents Market Size


Graph
             2022                         2023-2030      

ReportDetails
Market Size ValueUSD 81.6 Billion in 2022
Market Size ValueUSD 161.7 Billion by 2030
CAGR9.1%
Forecast Period2023-2030
Historic Data2022
Segments CoveredBy Process, Type, Application and Region
Geographics CoveredNorth 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 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.

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:

  • Determine prospective investment areas based on a detailed trend analysis of the global Food Fortifying Agents Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different and Food Fortifying Agents Market segments in the top spending countries across the world and identify the opportunities offered by each of them.
  • 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.

TOC

  1. Executive Summary
  2. Introduction
    1. Key Takeaways
    2. Report Description
    3. Market Scope & Definition
    4. Stakeholders
    5. Research Methodology
      1. Market size
      2. Key data points from primary sources
      3. Key data points from secondary sources
      4. List of primary sources
      5. List of secondary sources
  3. Market Overview
    1. Introduction
    2. Industry Segmentation
    3. Market Trends Analysis
    4. Major Funding & Investments
    5. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
    6. Value Chain Analysis
    7. Pricing Analysis
      1. Pricing Analysis, By Products
      2. Average Pricing Benchmark Analysis
  4. Food Fortifying Agents Market, By Process
    1. Premixes And Coatings
    2. Drum Drying
    3. Dusting
    4. Powder Enrichment
    5. Spray Drying Under Microencapsulation Process
  5. Food Fortifying Agents Market, By Type
    1. Proteins & amino acids
    2. Vitamins
    3. Lipids Prebiotics
    4. Prebiotics & probiotics
    5. Carbohydrates
    6. Minerals
    7. Others
  6. Food Fortifying Agents Market, By Application
    1. Infant formula
    2. Dairy & Dairy-Based Products
    3. Cereals & cereal-based products
    4. Fats & oils
    5. bulk food items
    6. Beverages
    7. Feed
    8. Dietary supplements
    9. Others
  7. Food Fortifying Agents Market, By Geography
    1. Food Fortifying Agents Market, North America
      1. U.S.
      2. Canada
    2. Food Fortifying Agents Market, Latin America
      1. Brazil
      2. Mexico
      3. Argentina
      4. Rest of Latin America
    3. Food Fortifying Agents Market, Europe
      1. UK
      2. Germany
      3. France
      4. Italy
      5. Spain
      6. Russia
      7. Rest of Europe
    4. Food Fortifying Agents Market, Asia Pacific
      1. China
      2. Japan
      3. India
      4. South Korea
      5. Rest of Asia Pacific
    5. Food Fortifying Agents Market, Rest of the world
      1. Middle East
        1. UAE
        2. Saudi Arabia
        3. Israel
      2. Africa
        1. South Africa
        2. Rest of Africa
  8. Competitive Analysis
    1. Introduction
    2. Top Companies Ranking
    3. Competitive Landscape
      1. Competition Dashboard
      2. Market Analysis (2022)
      3. Emerging company case studies
    4. Company Profiles
      1. Evonik Industries AG
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      2. DuPont De Numerous Inc.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      3. Cargill Incorporated
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      4. S.A.

 

 

        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      1. Advanced Organic Materials
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      2. Archer Daniels Midland Company
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      3. Cargill (US)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      4. Royal DSM (Netherlands)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      5. Chr. Hansen Holdings A/S (Denmark)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      6. DuPont (US)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      7. BASF SE (Germany)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      8. Arla Foods Amba (Denmark)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      9. Tate & Lyle (UK)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      10. Ingredion (US)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      11. Archer Daniels Midland Company (US)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      12. Nestle SA (Switzerland)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      13. International Flavors & Fragrances Inc.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      14. Eastman Chemical Company
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      15. Kellogg Co.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      16. Kemin Industries, Inc.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      17. Kalsec Inc.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition

Table and Figures

Methodology:

At MarketDigits, we take immense pride in our 360° Research Methodology, which serves as the cornerstone of our research process. It represents a rigorous and comprehensive approach that goes beyond traditional methods to provide a holistic understanding of industry dynamics.

This methodology is built upon the integration of all seven research methodologies developed by MarketDigits, a renowned global research and consulting firm. By leveraging the collective strength of these methodologies, we are able to deliver a 360° view of the challenges, trends, and issues impacting your industry.

The first step of our 360° Research Methodology™ involves conducting extensive primary research, which involves gathering first-hand information through interviews, surveys, and interactions with industry experts, key stakeholders, and market participants. This approach enables us to gather valuable insights and perspectives directly from the source.

Secondary research is another crucial component of our methodology. It involves a deep dive into various data sources, including industry reports, market databases, scholarly articles, and regulatory documents. This helps us gather a wide range of information, validate findings, and provide a comprehensive understanding of the industry landscape.

Furthermore, our methodology incorporates technology-based research techniques, such as data mining, text analytics, and predictive modelling, to uncover hidden patterns, correlations, and trends within the data. This data-driven approach enhances the accuracy and reliability of our analysis, enabling us to make informed and actionable recommendations.

In addition, our analysts bring their industry expertise and domain knowledge to bear on the research process. Their deep understanding of market dynamics, emerging trends, and future prospects allows for insightful interpretation of the data and identification of strategic opportunities.

To ensure the highest level of quality and reliability, our research process undergoes rigorous validation and verification. This includes cross-referencing and triangulation of data from multiple sources, as well as peer reviews and expert consultations.

The result of our 360° Research Methodology is a comprehensive and robust research report that empowers you to make well-informed business decisions. It provides a panoramic view of the industry landscape, helping you navigate challenges, seize opportunities, and stay ahead of the competition.

In summary, our 360° Research Methodology is designed to provide you with a deep understanding of your industry by integrating various research techniques, industry expertise, and data-driven analysis. It ensures that every business decision you make is based on a well-triangulated and comprehensive research experience.

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Leading Market Players

Company Market Share

Market Size and Growth Rate

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