FMI forecasts a booming food fortification market, driven
by rising awareness of malnutrition. Collaboration between
governments and food companies to fortify staple foods addresses
deficiencies and promotes public health. Gain a deeper market
understanding – explore our comprehensive report.
NEWARK, Del., April 29, 2024 /PRNewswire/ -- The
food fortification market size is to be valued at
US$ 106.7 billion by 2024. The
market valuation is estimated to be US$
286 billion by 2034, projected at a CAGR of
10.4%.
Download the Sample PDF report to explore key market
insights and trends:
https://www.futuremarketinsights.com/reports/sample/rep-gb-19561
The food fortification market stands as a beacon of innovation
and public health, leveraging fortified foods and beverages to
address nutritional deficiencies and enhance overall well-being and
imposes marketing strategies for promoting fortified food products
to health-conscious consumers.
A surge in awareness of malnutrition and its impact on public
health has spurred government initiatives and industry
collaborations to fortify staple foods with essential nutrients.
Consumer demand for functional foods and personalized nutrition
solutions has fueled innovation in fortification techniques and
product formulations, driving market expansion and
diversification.
Food Fortification industry also faces challenges and
opportunities for fortifying plant-based alternatives. Regulatory
complexities and inconsistencies across different regions pose
hurdles for market players, requiring compliance efforts and
adaptability to navigate varying regulatory landscapes.
Consumer skepticism and misinformation regarding fortified foods
may hinder adoption rates, highlighting the importance of education
and transparency in fortification initiatives.
Opportunities lie in innovation, education, and expanding market
reach to underserved populations, while threats include regulatory
hurdles, competitive pressures, and misinformation about fortified
foods.
Report Scope
Attributes
|
Details
|
Estimated Market
Size in 2024
|
US$ 106.7
billion
|
Projected Market
Valuation in 2034
|
US$ 286
billion
|
Value-based CAGR
2024 to 2034
|
10.4 %
|
Forecast
Period
|
2024 to 2034
|
Historical Data
Available for
|
2019 to 2023
|
Market
Analysis
|
Value in US$
billion
|
Key Market Segments
Covered
|
By Type:
- Proteins & Amino Acids
- Vitamins
- Lipids
- Prebiotics & Probiotics
- Carbohydrates
- Minerals
- Others
By Process:
By Application:
- Infant Formula
- Dairy & Dairy-Based Products
- Cereals & Cereal-Based Products
- Fats & oils
- Beverages
- Dietary Supplements
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East and Africa
|
Key Countries
Profiled
|
- The United
States
- Canada
- Brazil
- Mexico
- Germany
- The United Kingdom
- France
- Spain
|
- Italy
- Russia
- Poland
- Czech Republic
- Romania
- India
- Bangladesh
- Australia
|
- New
Zealand
- China
- Japan
- South Korea
- GCC countries
- South Africa
- Israel
|
Key Takeaways from the Market Study
- Based on the type, the proteins and amino acids segment is
registered at a CAGR of 10.2% by 2034.
- The United States is expected
to register at a CAGR of 10.7% by 2034.
- The United Kingdom registers
significant growth, projected at a CAGR of 11.7% by 2034.
- Based on process, the drum dying segment is registered at a
CAGR of 10% by 2034.
"The ascending prevalence of malnutrition and
related health concerns globally. As the driver underscores the
importance of fortification initiatives in combating malnutrition
and promoting public health, propelling demand for fortified foods
and beverages across various demographics and geographical regions
of the industry," says Nandini Roy
Choudhury (Client Partner for Food & Beverages at
Future Market Insights, Inc.).
Competitive Landscape
The food fortification ecosystem boasts a competitive landscape
characterized by multinational corporations like Nestlé, Kellogg's,
and General Mills alongside regional players.
Intense competition drives innovation and collaboration, with a
focus on expanding product portfolios and meeting diverse consumer
preferences for fortified foods and beverages.
Some of the key developments are:
- In 2021, Evolve BioSystems invested in Cargill and Manna Tree
to advance its pioneering probiotic technology aimed at bolstering
infant gut health. This partnership fueled research and development
efforts in California, with a
primary focus on optimizing the health and well-being of newborns
through innovative probiotic solutions.
- In 2022, FMC Corporation unveiled a groundbreaking technology
aimed at revolutionizing the food fortification market. This
development introduced a novel approach to fortifying staple foods
with essential nutrients, enhancing their nutritional value, and
addressing global malnutrition challenges.
Purchase now and gain full access to
the Food Fortification Industry report, featuring comprehensive
Market Forecast, Company Share Analysis, Competition Intelligence,
DROT Analysis, Market Dynamics and Challenges, and Strategic Growth
Initiatives.
More Valuable Insights Available
Future Market Insights offers an unbiased global food
fortification market analysis, providing historical data from 2019
to 2023 and forecast statistics from 2024 to 2034.
To understand market opportunities, the food fortification
market is segmented based on Type (Proteins & Amino Acids,
Vitamins, Lipids, Prebiotics & Probiotics, Carbohydrates,
Minerals, Others), Process (Drum Dying, Dusting), Application
(Infant Formula, Dairy & Dairy-Based Products, Cereals &
Cereal-Based Products, Fats & oils, Beverages, Dietary
Supplements, Others), and Region (North
America, Latin America,
Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).
About the Food and Beverage Team at Future Market
Insights
The food and beverage team at Future Market Insights offers
expert analysis, time-efficient research, and strategic
recommendations to provide authentic insights and accurate results
to help clients worldwide. With over 100+ reports and one billion+
data points, the team has analyzed the industry lucidly in 50+
countries for over a decade. The team briefly analyzes key trends,
including competitive landscape, profit margin, and research
development efforts.
About the Author:
Nandini Roy
Choudhury (Client Partner for Food & Beverages at
Future Market Insights, Inc.) has 7+ years of management consulting
experience. She advises industry leaders and explores off-the-eye
opportunities and challenges. She puts processes and operating
models in place to support their business objectives.
She has exceptional analytical skills and often brings thought
leadership to the table.
Nandini has vast functional expertise in key niches, including
but not limited to food ingredients, nutrition & health
solutions, animal nutrition, and marine nutrients. She is also
well-versed in the pharmaceuticals, biotechnology, retail, and
chemical sectors, where she advises market participants to develop
methodologies and strategies that deliver results. Another feather
to her cap manifests in the form of process automation. She is
vocal about bringing automation to the fore to bring a
360-degrees-round revolution in manufacturing sector.
Her core expertise lies in corporate growth strategy, sales and
marketing effectiveness, acquisitions and post-merger integration
and cost reduction. Nandini has an MBA in Finance from MIT School
of Business. She also holds a Bachelor's Degree in Electrical
Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in
journals including Beverage Industry, Bloomberg, and Wine Industry
Advisor.
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