Food Fortifying Agents Market Size and Forecast 2024-2033|Koninklijke DSM N.V., Chr. Hansen A/S, BASF SE, DuPont de Nemours Inc., Tate & Lyle Plc

Overview and Scope

Food fortifying agents are used to improve the nutritional value of food by adding micronutrients. Food fortification is a risk-free and economical method for enhancing diets and preventing and controlling micronutrient deficiencies.

Sizing and Forecast

The food fortifying agents market size has grown rapidly in recent years. It will grow from $96.19 billion in 2023 to $109.24 billion in 2024 at a compound annual growth rate (CAGR) of 13.6%. The growth in the historic period can be attributed to nutritional deficiency awareness, government mandates and regulations, health and wellness trends, increased consumer awareness, global malnutrition concerns.

The food fortifying agents market size is expected to see rapid growth in the next few years. It will grow to $185.12 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%. The growth in the forecast period can be attributed to economic development goals, sustainable fortification practices, customization and personalization, global food supply chain integration, nutritional deficiency awareness.. Major trends in the forecast period include advanced fortification technologies, fortification of convenience foods, global nutrition initiatives, sports nutrition and performance enhancement.

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Segmentation & Regional Insights

The food fortifying agents market covered in this report is segmented –

1) By Type: Minerals, Vitamins, Lipids, Carbohydrates, Proteins And Amino Acids, Prebiotics, Probiotics, Other Types

2) By Process: Powder Enrichment, Premixes And Coatings, Drum Drying, Dusting, Spray Drying Under Microencapsulation Process

3) By Application: Cereals And Cereal-Based Products, Dairy And Dairy-Based Products, Fats And Oils, Bulk Food Items, Beverages, Infant Formula, Ditetary Supplements, Other Applications

North America was the largest region in the food fortifying agents market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food fortifying agents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The increasing prevalence of chronic diseases is driving the food fortifying agents market going forward. Chronic diseases are ongoing illnesses or conditions, such as heart disease, cancer, asthma, and diabetes that can be managed through early detection, exercise, improved diet, and treatment therapy. With the rising chronic diseases, the consumer demand for healthy food is increasing, which leads to propelling the food fortifying agents market. For instance, according to the Partnership to Fight Chronic Disease (PFCD), a US-based, internationally recognized organization, chronic diseases are expected to affect nearly 49% of the total population, an estimated 164 million Americans by 2025. Therefore, the increasing prevalence of chronic diseases will promote the food-fortifying agents market.

Key Industry Players

Major companies operating in the food fortifying agents market report are Koninklijke DSM N.V., Chr. Hansen A/S, BASF SE, DuPont de Nemours Inc., Tate & Lyle Plc., Ingredion Incorporated, Archer Daniels Midland Company, Nestle SA, The Kellogg Company, Advanced Organic Materials, A&B Ingredients Inc., Royal Cosun, Stratum Nutrition, Wenda Ingredients LLC, ABF Ingredients, Biothera Pharmaceuticals Inc., Cargill Incorporated, FMC Corporation., Glanbia plc., Zhejiang Garden Biochemical High-tech Co. Ltd, Kerry Group plc., Koninklijke DSM N.V., Lonza Group AG, Nutralliance Inc., Nutrifusion LLC, Prinova Group LLC, Sensus B.V., SternVitamin GmbH & Co. KG, Roquette Frères, The Wright Group

The food fortifying agents market report table of contents includes:

1. Executive Summary

2. Food Fortifying Agents Market Characteristics

3. Food Fortifying Agents Market Trends And Strategies

4. Food Fortifying Agents Market – Macro Economic Scenario

5. Global Food Fortifying Agents Market Size and Growth

26. South America Food Fortifying Agents Market

27. Brazil Food Fortifying Agents Market

28. Middle East Food Fortifying Agents Market

29. Africa Food Fortifying Agents Market

30. Food Fortifying Agents Market Competitive Landscape And Company Profiles

Top Major Players: