Market Overview
Global Food Fortification Market is often described as a process instilling micro-nutrients to food products and enhance their nutritional value. These products are often micro-nutrients or essential trace elements with a major role in maintaining proper functioning of the body. Various food manufacturers, with strict guidelines from the governments, have started producing these ingredients to ensure public health standard. Such steps from governments and private manufacturers are to ensure that catastrophic outbreak of diseases can be avoided. For instance, iodine in salt is one such step. The global market for food fortifying agents can score substantially high by getting tailwinds from such factors and its growth between 2018 and 2023, as calculated by Market Research Future (MRFR), would be impressive.
The rising industrialization and fast integration of changes in lifestyle in urban areas be a major growth factor for the product. The amount of changes launched by manufacturers and healthy steps taken by governments can inspire better growth for the market. People are also growing aware about the demand for such nutrients in the body.
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Competitive Landscape
Several market players can transform the market for Food Fortifying Agent in the coming days. These companies are Cargill, Inc. (US), Dohler GmbH (Germany), Chr. Hansen Holdings A/S (Denmark), Koninklijke DSM N.V. (The Netherlands), BASF SE (Germany), E. I. du Pont de Nemours and Company (US), Arla Foods Amba (Denmark), Kerry Group Plc. (Ireland), Tate & Lyle PLC (UK), Nestlé S.A. (Switzerland), The Archer Daniels Midland Company (US), Ingredion Incorporated (US), and others. The initiatives these companies are taking for their coming days often use mergers, acquisitions, tie-ups, and other methods. These steps can form a definitive structure for the market to explore later.
Segmentation
The market report based on the global food fortifying agents market encompasses segments like product type and application. These segments, along with a detailed study of their sub-segments, can boost the reading of the market by providing insights and inputs.
By type, the market report on the food fortifying agents comprises proteins & amino acids, vitamins, minerals, carbohydrates, lipids, and others. The vitamins segment has a better chance for growth as its percolation across industries has been easier due to growing number of cases regarding vitamin deficiency. For instance, megaloblastic anemia, night blindness, osteoporosis & rickets, and beriberi.
By application, the market report on the food fortifying agents can be segmented into dietary supplements, beverages, dairy, fats & oils, pulses & cereals, and infant formula. The dietary supplements segment is the one that is growing with the fastest speed and is gaining leverage from growing health consciousness of consumers and people relying on personal fitness.
Regional Analysis
The global study, as per the report published on Food Fortifying Agents, covers North America and Europe as the major contributors. The Asia Pacific has been named as a region with high potential. While the Middle East & Africa and South America have been tracked as regions with moderate possibilities as the presence of poor economies can distract the market from having a smoother growth in the region. The market in North America has substantial opportunity to explore growth by capitalizing on the investment capacity of both consumers and manufacturers. The US and Canada from the region are known for their superlative contributions to the market in terms of infrastructure. The European market has the potential to drive growth with the increasing participation from companies in regions like the UK, France, Germany, and others. The regional number of health-conscious consumers is quite high owing to which Europe’s chance to prosper is remarkable. The Asia Pacific market can outgrow others in terms of CAGR as the region has a massive population whom the players are trying to tap to maximize their growth opportunities. In the region, China has substantial growth opportunities that can be tapped.
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