Global Food Fortifying Agents Market, By Type (Proteins and Amino Acids, Vitamins, Lipids, Prebiotics and Probiotics, Carbohydrates, Minerals and Others), Application (Pet food, Animal Feed, and Animal Nutrition, Cereals and Cereal- Based Products, Bulk Food Items, Dairy and Dairy Products, Dietary Supplements, Fats and Oils, Infant Formula and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Food Fortifying Agents Market
Data Bridge Market Research analyses that the global food fortifying agents market will project a CAGR of 18.45% for the forecast period of 2021-2028. Rising application of food fortifying agents as salts, mineral and vitamin and others is a major factor attributable to the growth of food fortifying agents market.
Food fortification is a process that is used to enhance the nutritional content of a food item by adding micronutrients to it. It is the process of enriching the food item with nutrients irrespective of whether they were already present or not. These micronutrients can be proteins and amino acids, vitamins, lipids, prebiotics and probiotics, carbohydrates, minerals and others. The food fortifying agents are being aggressively used in dietary supplements. Apart from dietary supplements, the food fortifying agents are used in sports nutrition products, pet food, animal feed, and animal nutrition, cereals and cereal- based products, bulk food items, dairy and dairy products, dietary supplements, fats and oils, infant formula and others. The food fortification process, also known as food enrichment process is generally undertaken either by the food manufacturers or by the governments.
Rising demand for healthier, nutritional and rising health consciousness is a major factor fostering the growth of food fortifying agents market. Changing lifestyle and rising demand for the consumption of healthy food and beverages as a result of ever-rising population and rising personal disposable income are some other factors acting as market growth determinants. Rising prevalence of chronic diseases coupled with rising awareness about the role and benefits of food fortifying agents will also act an important factor bolstering the market growth rate. Rising technological advancements in food and beverages technology will further create lucrative growth opportunities for the food fortifying agents market.
However, high costs involved in the research and development activities for food fortifying agents will hamper the market growth rate. Also, high cost of production of food fortifying agents will further restrain the market growth rate. Availability of cheaper and healthier alternatives will pose a major challenge.
This food fortifying agents market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on food fortifying agents market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Food Fortifying Agents Market Scope and Market Size
The food fortifying agents market is segmented on the basis of type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the food fortifying agents market is segmented into proteins and amino acids, vitamins, lipids, prebiotics and probiotics, carbohydrates, minerals and others.
- On the basis of application, the food fortifying agents market is segmented into pet food, animal feed, and animal nutrition, cereals and cereal- based products, bulk food items, dairy and dairy products, dietary supplements, fats and oils, infant formula and others.
Food Fortifying Agents Market Country Level Analysis
The food fortifying agents market is analyses and market size, volume information is provided by country, types and application as referenced above.
The countries covered in the food fortifying agents market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America lion’s the food fortifying agents market owing to the increased consumption and application of food fortifying agents in various food items. Asia-Pacific is also set to project the highest growth rate during the forecast period. This means that the region will score the highest compound annual growth rate for the forecast period. This is because of the rising adoption of healthier lifestyle, rising awareness about the benefits of food fortifying agents and low-health index. India and China will emerge as the major contributors for this region.
The country section of the food fortifying agents market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Food Fortifying Agents Market Share Analysis
The food fortifying agents market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to food fortifying agents market.
The major players covered in the food fortifying agents market report are ADM, Cargill, Incorporated., Ingredion Incorporated., Tate & Lyle, BASF SE, DuPont., Advanced Organic Materials, DSM, Chr. Hansen Holding A/S., Kerry Group plc, Associated British Foods plc, FRUTAROM Savory Solutions Austria GmbH, Wenda Co., Ltd., Campus Srl, Advanced Food Systems, Inc., Alisea S.r.l., Arla Foods amba, Nestlé, Evonik Industries AG and Kellogg Co. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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