Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "Global Food Fortifying Agents Market 2030 by Process, Type, Application and Region - Partner & Customer Ecosystem Competitive Index & Regional Footprints" report has been added to ResearchAndMarkets.com's offering.
The global Food Fortifying Agents Market is poised to experience robust growth, with projections of its market size escalating from USD 81.6 billion in 2022 to a substantial USD 161.7 billion by 2030. Accelerating at a CAGR of 9.1% during the forecast period from 2023 to 2030, the market is benefiting from heightened demand for nutrient-rich food products and an increased consumer focus on health and wellness.
The escalated market demand is being stimulated by an array of sectors within the food and beverage industry, notably the dietary supplements sector and the burgeoning functional beverage market. Food fortifying agents are impactful components incorporated into these products, leading to enriched nutritional profiles that cater to consumer demands for healthier food alternatives.
In the context of the market by type, the vitamin segment surfaces as a dominant force driven by escalating instances of vitamin deficiencies and their associated health complications. The acknowledgment of these deficiencies, even in generally well-nourished communities, reinforces the imperative nature of food fortification with vitamins.
Regional Market Insights
North America emerges as a frontrunner in the Food Fortifying Agents Market, harnessing the potential of food fortifying agents across a diverse assortment of applications within the regional food and beverage sector. This growth is largely attributed to innovative technological applications and increased consumer exigency for fortified products.
Conversely, the Asia Pacific region is fast catching up, fueled by changing lifestyles, rising incomes, and an evolving preference for nutritionally enhanced diets. This is particularly evident in fast-paced markets like China and India, where the agricultural production of high-fiber content plants positions them strategically for growth in the food fortifying agents domain.
Impactful Strategies and Developments
Notable advancements in this market include a pioneering initiative by the Nigerian government to regulate and monitor food fortification through digital means. This innovative approach aims at securing optimal nutrition for Nigerian consumers, setting a precedent for similar advancements globally. Industry stakeholders hold a pivotal role, engaging in strategic alliances and launching new products to gain an advantageous market position. This landscape is characterized by dynamic movements, with collaborations and expansions delineating the competitive fabric of the market.
The comprehensive report on the Food Fortifying Agents Market encapsulates a detailed analysis of the market landscape, including segmentation by process, type, application, and region. An inclusive assessment features a juxtaposition of the key players, their market share, and strategic directives that shape the industry.
Company Profiles
- Evonik Industries AG
- DuPont De Numerous Inc.
- Cargill Incorporated
- S.A.
- Advanced Organic Materials
- Archer Daniels Midland Company
- Cargill (US)
- Royal DSM (Netherlands)
- Chr. Hansen Holdings A/S (Denmark)
- DuPont (US)
- BASF SE (Germany)
- Arla Foods Amba (Denmark)
- Tate & Lyle (UK)
- Ingredion (US)
- Archer Daniels Midland Company (US)
- Nestle SA (Switzerland)
- International Flavors & Fragrances Inc.
- Eastman Chemical Company
- Kellogg Co.
- Kemin Industries, Inc.
- Kalsec Inc.
Significant Market Classifications:
Food Fortifying Agents Market: Segmentation by Process
- Premixes And Coatings
- Drum Drying
- Dusting
- Powder Enrichment
- Spray Drying Under Microencapsulation Process
Food Fortifying Agents Market: Segmentation by Type
- Proteins & amino acids
- Vitamins
- Lipids Prebiotics
- Prebiotics & probiotics
- Carbohydrates
- Minerals
- Others
Food Fortifying Agents Market: Segmentation by Application
- Infant formula
- Dairy & Dairy-Based Products
- Cereals & cereal-based products
- Fats & oils
- Bulk food items
- Beverages
- Feed
- Dietary supplements
- Others
For more information about this report visit https://www.researchandmarkets.com/r/vrs23f
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