Global Food Fortification Market valued at approximately USD 96.24 billion in 2023, is anticipated to flourish with a healthy growth rate of 10.87% over the forecast period from 2024 to 2032. Food fortification involves adding essential vitamins, minerals, and other nutrients to food products during processing to address deficiencies and improve nutritional value. This practice aims to enhance public health by ensuring that staple foods such as flour, rice, and salt contain adequate levels of vital nutrients such as iron, folic acid, and iodine. Fortification is particularly crucial in regions where certain deficiencies are prevalent, helping to prevent diseases and promote overall well-being.
The Global Food Fortification Market is driven by rising adoption of fortified foods and beverages, and heightened awareness of nutrition and health, acts as a catalyst for market expansion. Technological innovations in fortification techniques and ingredients further offer opportunities for product enhancement and differentiation, fostering growth and innovation in the industry. Supportive regulatory frameworks and collaborative initiatives promote industry standards and best practices, ensuring the integrity and efficacy of fortified products. However, the market faces challenges in fortifying specific food products, including the lack of widespread awareness and education regarding the benefits of fortified foods, leading to consumer skepticism and reluctance to embrace such products. Additionally, logistical challenges in distribution and storage, particularly in rural and underserved areas, hinder access to fortified foods for vulnerable populations.
The key regions considered for the global Food Fortification Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America is among dominating region in market share, owing to the strong presence of key market players and a high level of consumer awareness regarding nutrition and health. Meanwhile, the Asia Pacific region is projected to witness the fastest growth during the forecast period, driven by increasing population, rising disposable income, and growing health consciousness among consumers.
Major market players included in this report are:
The Archer Daniels Midland Company
Cargill, Incorporated
BASF SE
DSM Nutritional Products
Glanbia PLC
Buhler Group
FMC Corporation
Corbion N.V.
Tate & Lyle PLC
Lonza Group AG
Watson, Inc.
SternVitamin GmbH & Co. KG
The detailed segments and sub-segment of the market are explained below:
By Type:
Proteins & Amino Acids
Vitamins
Lipids
Prebiotics & Probiotics
Carbohydrates
Minerals
Others
By Process:
Drum Drying
Dusting
By Application:
Infant Formula
Dairy & Dairy-Based Products
Cereals & Cereal-Based Products
Fats & Oils
Beverages
Dietary Supplements
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market
