In the culinary landscape, the symphony of food fortification orchestrates a tale of opportunity and nourishment. Future Market Insights new report unveils a feast of possibilities in the food fortification industry, with a current valuation of USD 106.7 billion in 2024.
The appetite for clarity paints a portrait of a future industry where demand culminates to a valuation of USD 286 billion by 2034, harmonizing to the promising tune of a 10.4% CAGR.
| Attributes | Details |
|---|---|
| Value for 2024 | USD 106.7 billion |
| Value for 2034 | USD 286 billion |
| Forecast CAGR for 2024 to 2034 | 10.4% |
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| Historical CAGR from 2019 to 2023 | 13.9% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 10.4% |
During the historical period, the market surged forward at a resounding historical CAGR of 13.9%. This proves that the market has been resilient and responsive in addressing nutritional needs across the globe.
This historical performance reflects intense innovation and collaboration, with the key motive of stakeholders to fortify the products and meet the nutrient requirements of the communities.
The food fortification industry is projected to grow at a CAGR of 10.4% in the future. The emerging picture is, therefore, one of continuous growth and development.
With continuous consumer interest in nutrition and a search for fortified options, this market is projected to further grow on factors like technological developments, regulatory support, and shifting consumer preference.
The market is projected to expand due to the commitment to address global malnutrition and the promotion of public health with fortified food solutions.
With consumers now becoming increasingly conscious of nutrition and health, demand for fortified foods and beverages is surging. Hence, catalyzing the growth of the market.
Further, product improvement and differentiation through technological innovation in the area of fortification techniques and ingredients is opening up new growth opportunities. Additionally, the integrity and efficacy processes in the development of fortified products are assured by the regulatory frameworks. This is expected to fuel the market growth.
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The lack of widespread awareness and education regarding the benefits of fortified foods leads to consumer skepticism and reluctance to embrace such products. Further, logistical challenges in distribution and storage, particularly in rural and underserved areas, hinder access to fortified foods for vulnerable populations.
Economic constraints and affordability are major constraints in the widespread adoption, where fortified products are perceived to be unaffordable in low-income regions. The regional regulatory complexity that test adaptability and compliance efforts presents problems for market players.
The following section represents the leading market segments. Based on the type, the segment of proteins and amino acids is expected to register a CAGR of 10.2% by 2034. Based on process, the drum dying segment is registered at a CAGR of 10% by 2034.
| Category | CAGR by 2034 |
|---|---|
| Proteins and Amino Acids | 10.2% |
| Drum Dying | 10% |
Based on the type, the proteins and amino acids segment is registered at a CAGR of 10.2% by 2034. While consumers remain highly focused on health and well-being, there is expected to be a rise in demand for products that are fortified with proteins and amino acids, which are associated with muscle repair, immune function, and energy.
Coupling interests in plant-based diets with alternative protein sources is promoting the development of innovative protein additives from plants, algae, and other natural sources.
The drum dying segment is projected to witness a CAGR of 10% over the forecast period. Its growth is supported by its efficiency, versatility, and wide application spectrum across food categories.
Moderate heat treatment in drum drying ensures that the nutritional value and flavor of the ingredients are retained, thereby making the process valuable to the manufacturer as much as to the consumer.
With a change in consumer lifestyles and tastes, the demand for processed foods is surging globally. At the same time, the drum drying segment continues to meet that demand by offering efficiency and reliability in the delivery of food processing solutions across a wide array of applications.
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The table describes the top five countries ranked on the basis of economic growth, with South Korea holding the top position. Addressing nutritional deficiencies and promoting overall health are important factors that are propelling the South Korea market.
Innovative products, such as fortified grains and functional foods and beverages, meet the wide dietary needs with an emphasis on preventive healthcare. Awareness campaigns by the public and government initiatives further help drive market penetration and consumer adoption of fortified products.
Forecast CAGRs from 2024 to 2034
| Countries | CAGR |
|---|---|
| The United States | 10.7% |
| The United Kingdom | 11.7% |
| China | 10.9% |
| Japan | 11.9% |
| South Korea | 12.5% |
In the United States, fortified foods and beverages are widely available, and consumers can find several food products enriched with some specific nutrients, mainly vitamins, minerals, and micronutrients. Major applications in the industry include the fortification of breakfast cereals, milk and dairy products, bread, juices, beverages, and plant-based milk alternatives.
The dietary supplements are consumed in large amounts and fortified with vitamins and minerals, reflecting the proactive approach of the nation in promoting public health through fortified food solutions.
Fortified foods are commonly consumed in the United Kingdom. The staple foods, mainly flour, bread, and breakfast cereals, are the mainstays of fortification with the requisite addition of vitamins and minerals like iron, calcium, and folic acid, among others.
Further, the government is supporting the industry through fortification initiatives and public health campaigns, which further underlines the importance of the industrial role in fighting nutritional challenges and improving optimal health outcomes.
Fortified foods and beverages are largely consumed in China for enhancing nutritional value and addressing specific health concerns. Some key examples of fortified food include fortified rice, edible oils, and soy-based products that have been enriched with some of the much-needed vitamins, minerals, and other nutrients that enhance their nutritional value.
Fortified infant formula and complementary foods are of high importance in supporting maternal and child nutrition. Increasing demand for these infant formula and rising birth rate are expected to fuel regional growth.
Consumers prefer fortified dairy products and fortified functional beverages, mainly milk and yogurt, and sports and energy drinks fortified with vitamins, minerals, and amino acids that help them in improving performance and energy.
The demand for fortified products in general is increasing due to an aging population and rising focus on preventive healthcare. The growth of food fortification market is expected to promote healthy aging and longevity among the people of Japan.
Fortified foods and beverages are increasingly consumed in South Korea. Products that enhance nutritional values and answer special dietary needs are common. Fortified grains are staple foods that have been added with more essential vitamins and minerals to help solve the problems associated with micronutrient deficiencies.
Dual-function foods and beverages, such as those fortified with specific functions-probiotic drinks, vitamin-enriched waters, and fortified snacks-have become very popular among health-conscious consumers. This is raising the sales of fortified food in South Korea.
The competitive landscape of the food fortification sector is such that multinational corporations and regional players are approaching for industrial share. Notwithstanding, niche players and start-ups bring continuous dynamism to the market with their innovative fortification solutions targeting specific nutritional needs.
It is because of this intense competition that the vertical is forever involved in research and development, entering strategic partnerships, licensing, and acquisitions to expand product portfolios and increase its reach across untapped markets.
The industry standards are also driven by regulatory compliance and consumer education programs, which ensure a very competitive market for the betterment of nutrition and consumer welfare.
Recent Market Developments
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 106.7 billion |
| Projected Market Valuation in 2034 | USD 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 USD billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
| Key Market Segments Covered | Type, Process, Application, Region |
| 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 Companies Profiled | Nestlé S.A.; Kellogg Company; General Mills, Inc.; The Archer Daniels Midland Company; Cargill, Incorporated; BASF SE; DSM Nutritional Products; Glanbia PLC; Bühler Group; FMC Corporation; Corbion N.V.; Tate & Lyle PLC; Lonza Group AG; Watson, Inc.; SternVitamin GmbH & Co. KG |
As of 2024, the food fortification landscape will be valued at USD 106.7 billion.
The food fortification industry is projected to expand at a CAGR of 10.4% between 2024 to 2034.
Food fortification via proteins and amino acids will reign supreme, rising at a 10.2% CAGR.
By 2034, the industrial value of the food fortification is expected to reach USD 286 billion.
South Korea is likely the top-performing industry, with a CAGR of 12.5%.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type 5.1. Proteins & Amino Acids 5.2. Vitamins 5.3. Lipids 5.4. Prebiotics & Probiotics 5.5. Carbohydrates 5.6. Minerals 5.7. Others 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Process 6.1. Drum Dying 6.2. Dusting 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 7.1. Infant Formula 7.2. Dairy & Dairy-Based Products 7.3. Cereals & Cereal-Based Products 7.4. Fats & Oils 7.5. Beverages 7.6. Dietary Supplements 7.7. Others 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Key Segments and Countries 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Key Segments and Countries 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Key Segments and Countries 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Key Segments and Countries 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Key Segments and Countries 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Key Segments and Countries 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Key Segments and Countries 16. Sales Forecast 2024 to 2034 by Type, Process and Application for 30 Countries 17. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 18. Company Profile 18.1. Nestlé S.A. 18.2. Kellogg Company 18.3. General Mills, Inc. 18.4. The Archer Daniels Midland Company 18.5. Cargill, Incorporated 18.6. BASF SE 18.7. DSM Nutritional Products 18.8. Glanbia PLC 18.9. Bühler Group 18.10. FMC Corporation 18.11. Corbion N.V. 18.12. Tate & Lyle PLC 18.13. Lonza Group AG 18.14. Watson, Inc. 18.15. SternVitamin GmbH & Co. KG 19. Assumptions & Acronyms Used 20. Research Methodology
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