Food Fortifying Agents Market: Application and Forecast Till 2027
Market Highlights
Food fortification is a deliberate process used to enhance the
micro-nutrient content, such as vitamins and minerals, in food. Different
physiological activities need different nutrients and amount of nutrients
varies with age, body weight, and physical status. With the increasing
prevalence of diseases caused because of nutrient deficiency, food
fortification is one of the most effective ways to cope with them without
changing existing food habits. Moreover, growing interest in personal fitness
encourages consumers to choose enriched functional food products, for instance,
vitamin D fortified orange juice, probiotic yogurt, omega-3 fortified
mayonnaise, and others. Moreover, food fortification is an effective and
sustainable solution to treat widespread malnutrition and deficiency diseases
among the population in under developed countries. Growing need for food
fortification and an increase in the use of functional food are going to drive
the market growth for food fortifying agents.
Regional Analysis
Globally the market has been segmented, by region, into North America,
Europe, Asia-Pacific, and Rest of the World. The food fortifying agents market share in North America has further been segmented into the US, Canada, and
Mexico.
Geographically, North America is anticipated to dominate the global food
fortifying agents market share during the forecast period, owing to the growing
interest in personal fitness and increasing number of health conscious
consumers. The market in Europe is expected to be the second largest market due
to the increasing consumer preference towards functional and fortified food.
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Segmentation
Global food fortifying agents market share has been segmented into
product type, application, and region.
Based on type, the market has been segmented into minerals, vitamins,
lipids, carbohydrates, proteins & amino acids, and others. The vitamins
segment is expected to dominate the market in terms of value. Growing
prevalence of vitamin deficiency diseased among population is major driving
factor for vitamins segment.
The market has been segmented, by the application into dairy, beverages,
pulses & cereals, fats & oils, dietary supplement, and infant formula.
with increase in number of aging population, growing interest in personal
fitness among population, and scientific evidence proving that dietary
supplements with fortified nutrients are beneficial for the overall development
of human body dietary supplement is expected to dominate application based
segment.
Key Players
Dohler GmbH (Germany), Cargill, Inc. (US), Koninklijke DSM N.V. (The
Netherlands), Chr. Hansen Holdings A/S (Denmark), E. I. du Pont de Nemours and
Company (US), BASF SE (Germany), Kerry Group Plc. (Ireland), Arla Foods Amba
(Denmark), Nestlé S.A. (Switzerland), Tate & Lyle PLC (UK), Ingredion
Incorporated (US), The Archer Daniels Midland Company (US) are some of
the key players in the market.
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NOTE: Our Team of
Researchers are Studying Covid19 and its Impact on Various Industry Verticals
and wherever required we will be considering Covid19 Footprints for Better Analysis
of Market and Industries. Cordially get in Touch for More Details.
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