Food fortifying agents Market Size Research Report, Growth Trends and Competitive Analysis 2020-2027
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 size 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 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
processing equipment market 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.
NOTE:
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