Global Food Fortification Market Size Study, by Type, by Process, by Application and Regional Forecasts 2022-2032

Description

Global Food Fortification Market valued at approximately USD 96.24 billion in 2023, is anticipated to flourish with a healthy growth rate of 10.87% over the forecast period from 2024 to 2032. Food fortification involves adding essential vitamins, minerals, and other nutrients to food products during processing to address deficiencies and improve nutritional value. This practice aims to enhance public health by ensuring that staple foods such as flour, rice, and salt contain adequate levels of vital nutrients such as iron, folic acid, and iodine. Fortification is particularly crucial in regions where certain deficiencies are prevalent, helping to prevent diseases and promote overall well-being.

The Global Food Fortification Market is driven by rising adoption of fortified foods and beverages, and heightened awareness of nutrition and health, acts as a catalyst for market expansion. Technological innovations in fortification techniques and ingredients further offer opportunities for product enhancement and differentiation, fostering growth and innovation in the industry. Supportive regulatory frameworks and collaborative initiatives promote industry standards and best practices, ensuring the integrity and efficacy of fortified products. However, the market faces challenges in fortifying specific food products, including the lack of widespread awareness and education regarding the benefits of fortified foods, leading to consumer skepticism and reluctance to embrace such products. Additionally, logistical challenges in distribution and storage, particularly in rural and underserved areas, hinder access to fortified foods for vulnerable populations.

The key regions considered for the global Food Fortification Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America is among dominating region in market share, owing to the strong presence of key market players and a high level of consumer awareness regarding nutrition and health. Meanwhile, the Asia Pacific region is projected to witness the fastest growth during the forecast period, driven by increasing population, rising disposable income, and growing health consciousness among consumers.

Major market players included in this report are:

The Archer Daniels Midland Company
Cargill, Incorporated
BASF SE
DSM Nutritional Products
Glanbia PLC
Buhler Group
FMC Corporation
Corbion N.V.
Tate & Lyle PLC
Lonza Group AG
Watson, Inc.
SternVitamin GmbH & Co. KG

The detailed segments and sub-segment of the market are explained below:

By Type:

Proteins & Amino Acids
Vitamins
Lipids
Prebiotics & Probiotics
Carbohydrates
Minerals
Others

By Process:

Drum Drying
Dusting

By Application:

Infant Formula
Dairy & Dairy-Based Products
Cereals & Cereal-Based Products
Fats & Oils
Beverages
Dietary Supplements
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Food Fortification Market Executive Summary

1.1. Global Food Fortification Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Process
- 1.3.3. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Food Fortification Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Food Fortification Market Dynamics

3.1. Market Drivers
- 3.1.1. Heightened awareness of nutrition and health
- 3.1.2. Technological innovations in fortification techniques
3.2. Market Challenges
- 3.2.1. Lack of widespread awareness
- 3.2.2. Logistical challenges in distribution and storage
3.3. Market Opportunities
- 3.3.1. Innovating clean label preservation solutions.
- 3.3.2. Rising demand for functional and health-promoting additives

Chapter 4. Global Food Fortification Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Food Fortification Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Food Fortification Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Proteins & Amino Acids
- 5.2.2. Vitamins
- 5.2.3. Lipids
- 5.2.4. Prebiotics & Probiotics
- 5.2.5. Carbohydrates
- 5.2.6. Minerals
- 5.2.7. Others

Chapter 6. Global Food Fortification Market Size & Forecasts by Process 2022-2032

6.1. Segment Dashboard
6.2. Global Food Fortification Market: Process Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Drum Drying
- 6.2.2. Dusting

Chapter 7. Global Food Fortification Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global Food Fortification Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Infant Formula
- 7.2.2. Dairy & Dairy-Based Products
- 7.2.3. Cereals & Cereal-Based Products
- 7.2.4. Fats & Oils
- 7.2.5. Beverages
- 7.2.6. Dietary Supplements
- 7.2.7. Others

Chapter 8. Global Food Fortification Market Size & Forecasts by Region 2022-2032

8.1. North America Food Fortification Market
- 8.1.1. U.S. Food Fortification Market
  - 8.1.1.1. Type breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Process breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Application breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Food Fortification Market
8.2. Europe Food Fortification Market
- 8.2.1. U.K. Food Fortification Market
- 8.2.2. Germany Food Fortification Market
- 8.2.3. France Food Fortification Market
- 8.2.4. Spain Food Fortification Market
- 8.2.5. Italy Food Fortification Market
- 8.2.6. Rest of Europe Food Fortification Market
8.3. Asia-Pacific Food Fortification Market
- 8.3.1. China Food Fortification Market
- 8.3.2. India Food Fortification Market
- 8.3.3. Japan Food Fortification Market
- 8.3.4. Australia Food Fortification Market
- 8.3.5. South Korea Food Fortification Market
- 8.3.6. Rest of Asia Pacific Food Fortification Market
8.4. Latin America Food Fortification Market
- 8.4.1. Brazil Food Fortification Market
- 8.4.2. Mexico Food Fortification Market
- 8.4.3. Rest of Latin America Food Fortification Market
8.5. Middle East & Africa Food Fortification Market
- 8.5.1. Saudi Arabia Food Fortification Market
- 8.5.2. South Africa Food Fortification Market
- 8.5.3. Rest of Middle East & Africa Food Fortification Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. The Archer Daniels Midland Company
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Cargill, Incorporated
- 9.3.3. BASF SE
- 9.3.4. DSM Nutritional Products
- 9.3.5. Glanbia PLC
- 9.3.6. Buhler Group
- 9.3.7. FMC Corporation
- 9.3.8. Corbion N.V.
- 9.3.9. Tate & Lyle PLC
- 9.3.10. Lonza Group AG
- 9.3.11. Watson, Inc.
- 9.3.12. SternVitamin GmbH & Co. KG

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes