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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 US$ 106.7 billion in 2024.
The appetite for clarity paints a portrait of a future industry where demand culminates to a valuation of US$ 286 billion by 2034, harmonizing to the promising tune of a 10.4% CAGR.
Attributes | Details |
---|---|
Value for 2024 | US$ 106.7 billion |
Value for 2034 | US$ 286 billion |
Forecast CAGR for 2024 to 2034 | 10.4% |
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Historical CAGR from 2019 to 2023 | 13.90% |
---|---|
Forecast CAGR from 2024 to 2034 | 10.40% |
From 2019 to 2023, the market surged forward with a resounding historical CAGR of 13.90%, a testament to its resilience and relevance in addressing nutritional needs worldwide.
The historical performance reflects a landscape ripe with innovation and collaboration, where stakeholders united in a shared mission to fortify not just products but also communities with essential nutrients.
Looking ahead to the horizon, the food fortification industry continues its ascent with a forecasted CAGR of 10.40%, painting a picture of sustained growth and evolution.
As consumers continue to prioritize nutrition and seek out fortified options, the market stands poised to flourish, propelled by technological advancements, regulatory support, and evolving consumer preferences.
The forecasted growth rate reflects not just market expansion but also a deeper commitment to addressing global malnutrition and promoting public health through fortified food solutions.
This section compares the food fortification industry, the food preservatives market, and the food additives market. One significant driver propelling the food preservatives industry is the augmenting demand for extended shelf life in food products. A key driver fueling the food additives industry is the boom in demand for processed and convenience foods.
Food Fortification Market:
Attributes | Food Fortification Market |
---|---|
CAGR from 2024 to 2034 | 10.4% |
Opportunity | An opportunity for the food fortification industry lies in expanding its presence in developing markets. |
Key Trends | Emergence of personalized fortification solutions. |
Food Preservatives Market:
Attributes | Food Preservatives Market |
---|---|
CAGR from 2023 to 2033 | 6.8% |
Opportunity | Innovating clean label preservation solutions. |
Key Trends | A rightward shift towards clean label preservation. |
Food Additive Market:
Attributes | Food Additive Market |
---|---|
CAGR from 2024 to 2034 | 7.2% |
Opportunity | Developing clean label functional additives. |
Key Trends | The surge in demand for functional and health-promoting additives is a major key trend. |
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The below section shows the leading segment. Based on the type, the proteins and amino acids segment is registered at 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. As consumers majorly prioritize health and wellness, there is a surge in demand for products fortified with proteins and amino acids, known for their role in muscle repair, immune function, and overall vitality.
With a boom in interest in plant-based diets and alternative protein sources, there is a surge in the development of innovative protein additives derived from plants, algae, and other natural sources.
Based on process, the drum dying segment is registered at a CAGR of 10% by 2034. Growth is underpinned by its efficiency, versatility, and widespread application across various food categories.
Drum drying's gentle heat treatment preserves the nutritional integrity and flavor of ingredients, appealing to manufacturers and consumers alike.
As the demand for processed foods continues to surge globally, driven by changing consumer lifestyles and preferences, the drum drying segment stands poised for continued growth, offering efficient and reliable food processing solutions for a diverse range of applications.
The table describes the top five countries ranked on the basis of economic growth, with South Korea holding the top position. In South Korea, the industry dominates by addressing nutritional deficiencies and promoting overall health.
Fortified grains, functional foods, and beverages cater to diverse dietary needs, driven by a focus on preventive healthcare. Public awareness campaigns and government initiatives further bolster 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 prevalent, with a focus on targeting specific nutrients such as vitamins, minerals, and micronutrients. Major applications include the fortification of breakfast cereals, dairy products, bread, and beverages like juices and plant-based milk alternatives.
Dietary supplements fortified with vitamins and minerals are widely consumed, reflecting the proactive approach of the country to promoting public health through fortified food solutions.
In the United Kingdom, fortified foods are prevalent, with a focus on fortifying staple foods such as flour, bread, and breakfast cereals with essential vitamins and minerals like iron, calcium, and folic acid.
The United Kingdom government's support for fortification initiatives and public health campaigns further underscores the industrial importance of addressing nutritional challenges and promoting optimal health outcomes.
In China, fortified foods and beverages are widely consumed, with a focus on enhancing nutritional value and addressing specific health concerns.
Fortified rice, edible oils, and soy-based products are prominent examples, fortified with vitamins, minerals, and other nutrients to bolster their nutritional content. Fortified infant formula and complementary foods are prevalent, reflecting efforts to improve maternal and child nutrition.
Fortified dairy products and fortified functional beverages, including milk and yogurt, sports drinks, and energy drinks, respectively, are favored by consumers seeking added vitamins, minerals, and amino acids for enhanced performance and vitality.
The aging population and focus on preventive healthcare propel the demand for fortified products, positioning the market as a key player in supporting healthy aging and longevity.
In South Korea, fortified foods and beverages are prevalent, with a focus on enhancing nutritional value and catering to specific dietary needs. Fortified grains, including rice and flour, are staple foods fortified with essential vitamins and minerals to address micronutrient deficiencies.
Fortified functional foods and beverages, such as probiotic drinks, vitamin-enhanced waters, and fortified snacks, are popular choices among health-conscious consumers.
The competitive landscape of the food fortification sector is characterized by a blend of multinational corporations and regional players approaching for industrial share. Niche players and start-ups contribute to market dynamism through innovative fortification solutions targeting specific nutritional needs.
Intense competition drives ongoing research and development efforts, strategic partnerships, and mergers and acquisitions to expand product offerings and reach new market segments.
Regulatory compliance and consumer education initiatives shape industry standards, fostering a competitive environment focused on nutritional enhancement and public health.
Recent Market Developments
Attributes | Details |
---|---|
Estimated Market Size in 2024 | US$ 106.7 billion |
Projected Market Valuation in 2034 | US$ 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 US$ 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 US$ 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 US$ 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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