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Fortified Food Market

Segmentation by Nutrient Composition (Vitamins, Carbohydrates, Proteins, Minerals, Probiotics, and Others); by Product (Basic, and Processed Food); and by Distribution Channel (Online, and Offline) – Global Demand Analysis & Opportunity Outlook 2029

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Report ID: 53 | Published On: Feb 14, 2023
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Market Segmentation

Our in-depth analysis of the fortified food market includes the following segments:

By Nutrient Composition

  • Vitamins
  • Carbohydrates
  • Proteins
  • Minerals
  • Probiotics
  • Others

By Product

  • Basic Food
  • Processed Food

By Distribution Channel

  • Online
  • Offline

Growth Drivers

  • Rising Mindfulness of People Regarding Health Concerns
  • Increasing Investment to Produce Enhanced Fortified Products

Challenges

  • Inability of Several Fortified Food Manufacturers to Meet Health Guidelines Provided by the Government


Global-Fortified-Food-Market
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Global Fortified Food Market Regional Synopsis
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Regionally, the fortified food market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of increasing demand for nutrition enriched foods and promotion of fortified products by the government of countries, namely China, Japan, South Korea and India. Along with these growing occurrence of vitamins and minerals deficiency among people is also predicted to gauge market growth in this region in the coming years. On the other hand, Europe occupies the largest revenue share in the market and is expected to offer abundant growth opportunities over the forecast period owing to the strong presence of food & beverage industries in the region and growing consumption among adult and older populations. Our analysis reveals that Europe is predicted to generate the largest food industry revenue in 2021, amounting to approximately USD 1.75 million.

Global-Fortified-Food-Market-Share

The fortified food market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


Global-Fortified-Food-Market-Share
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Top Featured Companies Dominating the Market

    • Nestle S.A.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Bühler AG
    • Dr. Paul Lohmann GmbH & Co. KGaA
    • Gastaldi Hnos.S.A.
    • Corbion NV
    • General Mills Inc.
    • Koninklijke DSM N.V.
    • Cargill, Incorporated
    • Arla Foods amba
    • Mondelēz Global LLC

In The News

  • April 2022: IBSRELA the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults, has been made available by the biopharmaceutical company Ardelyx. The first Ardelyx product to receive approval from the US Food and Drug Administration is IBSRELA.
  • March 2022: Indegene a provider of technology-driven healthcare solutions, & meta Me Health, a maker of Regulora and a Prescription Digital Therapeutics (PDT) business, teamed up to offer Regulora as a remedy for irritable bowel syndrome-related stomach pain (IBS).

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the fortified food market?

Ans: Increasing health consciousness of people and shift in focus of food manufacturers to produce fortified products are major growth drivers of the market.

2) What would be the CAGR of fortified food market over the forecast period?

Ans: The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2021 – 2029.

3) What are the challenges affecting the fortified food market growth?

Ans: Lack of maintenance of hygiene standards by fortified foods manufacturers is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of fortified food market in future?

Ans: Europe is estimated to offer more business opportunities on the back of strong presence of leading market players.

5) Who are the major players dominating the fortified food market?

Ans: The major players in the market are Nestle S.A., Gastaldi Hnos.S.A., Bühler AG, Dr. Paul Lohmann GmbH & Co. KGaA, Corbion NV and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the fortified food market?

Ans: The market is segmented by nutrient composition, product, distribution channel, and by region.

8) Which segment captures the largest market size in the product segment in the fortified food market?

Ans: The basic foods segment is anticipated to hold largest market size and is estimated grow at a noteworthy CAGR over the forecast period and display significant growth opportunities.

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