[115+ Pages Research Study] According to Polaris Market Research report, the global food fortifying agents market size & share expected to generate revenue of USD 173.7 Billion By 2030 and estimated to be valued at USD 74.7 billion in 2021, at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. The top market company profiles included in report with their sales, revenues and strategies are Archer Daniels Midland Company, Advanced Organic Materials, Arla Foods, BASF SE, Cargill Incorporated, DuPont, Evonik Industries, International Flavors & Fragrances and Others.

New York, NY, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Polaris Market Research has published a new research report titled “Food Fortifying Agents Market Share, Size, Trends, Industry Analysis Report, By Type (Probiotic, Vitamins, Proteins, and Amino Acids, Lipids, Prebiotics, Carbohydrates, Minerals, and Others); By Process; By Application; By Region; Segment Forecast, 2022 - 2030” in its research database.

“According to the latest research study, the global fortifying agents market size & share are expected to generate revenue of USD 173.7 Billion By 2030 and are estimated to be valued at USD 74.7 Billion in 2021, at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030”

What are Food Fortifying Agents? How Big is Food Fortifying Agents Market Size & Share?

• Overview

Fortification is the process of boosting the nutritional value of food by adding micronutrients to it. Food manufacturers or governments follow this process using food fortifying agents such as minerals, vitamins, lipids, carbohydrates, proteins & amino acids, prebiotics, probiotics, and other types. Food fortification process reduces health risk, increases nutritional content, and aid in restoring the micronutrient content lost during processing.

It is a safe and cost-effective strategy for enhancing diets and for the prevention of micronutrient deficiencies. The most commonly fortified foods include cereals and cereal-based products, fats and oils, tea, milk and dairy products, and infant formulas. Rising demand for nutritious foods is one of the prominent factors driving the food fortifying agents market size. Also, increased awareness about healthy food options among consumers is positively influencing the industry's expansion.

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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)

Our Sample Report May Includes:

• 2030 Updated Report Introduction, Overview, and In-depth industry analysis.

• 115+ Pages Research Report (Inclusion of Updated Research).

• Provide Chapter-wise guidance on Requests.

• 2022 Updated Regional Analysis with Graphical Representation of Size, Share & Trends

• Includes Updated List of tables & figures.

• Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.

Highlights of The Report

• All-inclusive information on the product portfolios of the top players in the market.

• An in-depth assessment of the geographic and business segments of the market.

• Market segmentation on the basis of the type of product, application, and region.

• It offers a forward-looking perspective on the developing elements driving or controlling the business area’s development.

• The recent research and development projects performed by each key player.

• A thorough analysis of the market’s value chain and assess the effect of Porter’s five forces.

Some of the Top Market Players Are:

• Archer Daniels Midland Company

• Advanced Organic Materials

• Arla Foods

• BASF SE

• Cargill Incorporated

• DuPont

• Evonik Industries

• International Flavors & Fragrances

• Eastman Chemical Company

• Hansen Holdings

• Ingredion Incorporated

• Kellogg

• Kemin Industries

• Kalsec

• Nestle

• Royal DSM

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Market Dynamics

Key growth Driving Factors

• Growing health concerns push the industry expansion

The growing aging population and rising health concerns are fueling the adoption of food fortifying agents for various applications. Rising demand for dietary supplements propels the market growth. The changing consumer lifestyle, such as increasing demand for nutrient foods and vegan products, as well as higher consumption of bakery items after food are the crucial food fortifying agents market trends boosting its growth. A surge in chronic health disorders among people is majorly accelerating the market demand. This is because food fortifying agents help to prevent conditions including cardiovascular disease, Alzheimer's disease, high blood pressure, and many others.

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Recent Trends Influencing the Market

Increasing innovation in the industry positively favors the product demand

• The increasing demand for food fortifying agents from the global food and beverage industry to enhance food’s nutritional value and micronutrient value is augmenting the food fortifying agents market sales. For instance, in March 2022, The Nigerian government partnered with local and international groups to establish a pilot program in order to develop a digital system to check whether the fortification of basic foods is done with the appropriate levels of important vitamins and minerals supporting health.

• Rising innovations in the food fortifying industry are flourishing the demand for food fortifying agents as they accelerate the process of increasing the nutrient value of the diet. For instance, in June 2021, Southern Health Foods Pvt. Ltd. introduced Manna iStrong, a multigrain instantaneous drink mix for women with added iron for women's health beverages.

Segmental Analysis

• Minerals segment is anticipated to experience the fastest growth in the food fortifying agents market

Based on type, the mineral category is estimated to grow at the fastest rate because these inorganic compounds can be acquired by plants from soil and water. Microminerals and macrominerals are two main categories of minerals. Micro minerals are required in more quantity than macro minerals. Increasing the use of minerals in items like meat products, breakfast cereals, infant foods, and health drinks is boosting the segment growth in the market.

• Bulk food is predicted to generate a significant revenue share

By application, the bulk foods segment is estimated to hold the significant food fortifying agents market share owing to the growing demand for premium food goods along with changing health preferences which have led to an increase in the necessity for food-fortifying agents. In addition, growing health consciousness among consumers is encouraging businesses to provide different food-fortifying agents for functional foods, drinks, infant formula, dietary supplements, and dairy products due, which further bolstering the market evolution.

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Food Fortifying Agents Market: Report Overview

Geographic Overview

• The demand in North America is likely to show significant growth.

By geography, the food fortifying agents market in North America accounts for the highest share due to the rise in the prevalence of obesity and chronic diseases, which has led to increasing demand for food with nutritional benefits. Growing consumer preference for healthier foods is driving market growth in the region. For instance, according to CDC, one or six out of ten Americans live with at least one or more chronic diseases, such as diabetes, cancer, heart disease, and stroke.

Moreover, the market holds a large portion of Asia Pacific because of the rapidly growing population and presence of manufacturers in the region. Rising cases of chronic illnesses in China and India, which are leading to an increase in the requirement for food-fortifying agents in these countries, are expected to propel the market growth. In addition, the growing demand adoption of food-fortifying chemicals in developing countries like India and Nigeria for the purpose of agriculture and nutrition is predicted to boost the regional market growth over the forecast period.

Browse the Detail Report “Food Fortifying Agents Market Share, Size, Trends, Industry Analysis Report, By Type (Probiotic, Vitamins, Proteins, and Amino Acids, Lipids, Prebiotics, Carbohydrates, Minerals, and Others); By Process; By Application; By Region; Segment Forecast, 2022 - 2030” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/food-fortifying-agents-market

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Competitive Insight

Some of the food fortifying agents market key players include Archer Daniels Midland Company, Advanced Organic Materials, Arla Foods, BASF SE, Cargill Incorporated, DuPont, Evonik Industries, International Flavors & Fragrances, Eastman Chemical Company, Hansen Holdings, Ingredion Incorporated, Kellogg, Kemin Industries, Kalsec, Nestle, and Royal DSM.

Recent Developments

• In January 2022, Nirogam Ayurveda introduced its new food segment titled Mysca. Food products like cookies, crispies, jam, etc. that have been ayurvedically fortified will be introduced under this section.

Frequently Asked Questions

• Who are the crucial companies operating the market?

• What are the major industry norms influencing the development of the industry?

• Which is the most propelling country in the industry?

• Which application or product type will obtain progressive development possibilities during the forecast period?

• What is the expected growth rate of the market during the foreseen period?

By Type Outlook

• Probiotic

• Vitamins

• Proteins and Amino Acids

• Lipids

• Prebiotics

• Carbohydrates

• Minerals

• Others

By Process Outlook

• Power Enrichment

• Premixes and Coatings

• Drum Drying

• Dusting

• Spray Drying under Microencapsulation Process

• Others

By Application Outlook

• Infant Formulas

• Cereals and Cereals-Based Products

• Fats & Oils

• Dietary Supplements

• Dairy and Dairy-Based Products

• Bulk Food Items

• Feed

• Others

By Region Outlook

• North America (U.S., Canada)

• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)

• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)

• Latin America (Brazil, Mexico, Argentina)

• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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About Polaris Market Research

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