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Redding, California - November 7, 2024

Food Fortification Market to Reach $207.58 Billion by 2031

Food Fortification Market Size, Share, Forecast, & Trends Analysis by Ingredient Type (Protein & Amino Acids, Vitamins, Lipids), Process (Drum Drying, Dusting), Application (Infant Formula, Dairy & Dairy-based Products, Beverages) - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled "Food Fortification Market - Global Opportunity Analysis and Industry Forecast (2024-2031).’ According to this latest publication from Meticulous Research^®, the food fortification market is expected to reach $207.58 billion by 2031, at a CAGR of 13.3% from 2024 to 2031.

The increasing prevalence of micronutrient deficiencies, growing consumer awareness of the health benefits of fortified foods, and government regulations mandating food fortification are driving the growth of the global food fortification market. However, the high cost of fortified foods restrains the growth of this market.

Additionally, innovation in fortification formulations and the emerging economies in regions such as Asia-Pacific, Latin America, and the Middle East & Africa are expected to present significant growth opportunities for market players. Furthermore, the rising integration of personalized and functional nutrition, along with a shift towards healthy lifestyles due to the rising incidence of chronic diseases, are prominent trends in the food fortification market.

Key Players:

The food fortification market is characterized by a moderately competitive scenario due to the presence of many large and small-sized global, regional, and local players. The key players operating in the food fortification market are Nestlé S.A. (Switzerland), General Mills, Inc. (U.S.), Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), FMC Corporation (U.S.), BASF SE (Germany), DSM-Firmenich AG (Switzerland), Corbion N.V. (Netherlands), Tate & Lyle PLC (U.K.), Glanbia plc (Ireland), Kellogg Company (U.S.), Lonza Group Ltd. (Switzerland), Campbell Soup Company (U.S.), and SternVitamin GmbH & Co. KG (Germany).

The food fortification market is segmented based on ingredient type, process, and application. The report also evaluates industry competitors and analyzes the food fortification market at the regional and country levels.

By ingredient type, in 2024, the proteins & amino acids segment is expected to account for the largest share of the food fortification market. The substantial market share of this segment is primarily due to the rising demand for functional and protein-rich diets, which are associated with muscle repair, immune function, and energy. Fortifying foods with specific protein & amino acids helps to address dietary deficiencies, enhance mental clarity, and promote overall well-being. Additionally, fortified foods can aid in weight management by increasing satiety, making it easier for individuals to control their calorie intake.

By process, in 2024, the drum drying segment is expected to account for the largest share of the food fortification market. The large market share of this segment is attributed to the need for efficient and cost-effective methods to preserve and concentrate nutrients in various food products. This technique offers a quick-drying solution that retains the nutritional integrity of sensitive ingredients, making it ideal for fortifying foods with vitamins, minerals, and other functional ingredients.

By application, in 2024, the dairy & dairy-based products segment is expected to account for the largest share of the food fortification market. The large market share of this segment is primarily due to the growing demand for fortification of dairy products that significantly enhance the intake of calcium and vitamin D, contributing to improved bone health for consumers. By incorporating fortified dairy-based products and milk into diets, consumers effectively support their skeletal health and meet essential nutritional requirements. Additionally, the rising prevalence of specific health concerns, such as osteoporosis and lactose intolerance, is further propelling the demand for fortified dairy & dairy-based products.

Geographic Review:

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Poland, Netherlands, Belgium, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, Thailand, Vietnam, Singapore, Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), and the Middle East & Africa (Saudi Arabia, South Africa, UAE, and Rest of the Middle East & Africa).

By geography, in 2024, North America is expected to account for the largest share of the food fortification market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The substantial share of this regional market can be attributed to several factors, such as the well-established food & beverage industry, high awareness of the health benefits of food fortification, growing popularity of protein bars, shakes, and cookies among millennials as healthy snacking options, and high demand for nutritional products across the region. Additionally, government initiatives to address nutrient deficiencies and enforce fortification programs contribute to the industry's growth.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=6078

Key Questions Answered in the Report-

What is the revenue generated from the sales of food fortification products?
At what rate is the global demand for food fortification projected to grow for the next five to seven years?
What is the historical market size and growth rate for the food fortification market?
What are the major factors impacting the growth of this market at the global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which type, process, and application segments create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the food fortification market?
Who are the major players in the food fortification market? What are their specific product offerings in this market?
What recent developments have taken place in the food fortification market? What impact have these strategic developments created on the market?

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Redding, California - November 7, 2024

Food Fortification Market to Reach $207.58 Billion by 2031

Food Fortification Market Size, Share, Forecast, & Trends Analysis by Ingredient Type (Protein & Amino Acids, Vitamins, Lipids), Process (Drum Drying, Dusting), Application (Infant Formula, Dairy & Dairy-based Products, Beverages) - Global Forecast to 2031

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