Market Overview:
The global fortified food market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about the benefits of fortified foods, rising incidence of malnutrition, and growing demand for convenience foods. Based on type, the global fortified food market is segmented into zinc, iron, copper, selenium, folic acid, docosahexaenoic acid (DHA), and others. The DHA segment is expected to grow at a high CAGR during the forecast period owing to its health benefits such as improved cognitive function and reduced risk of chronic diseases such as Alzheimer’s disease and dementia. Based on application, the global fortified food market is segmented into milk products, cereals and cereal-based products,, confectionaries,, infant formulas,, fats and oils,,and others (includes tea). The milk products segment accounted for majority share in 2017 owing to its wide applications in various dairy products such as cheese spreads,. yogurt drinks,. ice cream,.and chocolate milk shakes.
Product Definition:
A fortified food is a food that has been enriched with vitamins and minerals to provide extra nutrition. Fortified foods are important because they can help people meet their nutritional needs, especially if they don't have access to other healthy foods.
Zinc:
Zinc is a mineral that is an essential trace element for the human body. It is a part of several proteins in the human cells and plays an important role in enhancing immunity against infections and diseases. Zinc also has antioxidant properties, which help to reduce the risk of cancer, heart disease, skin aging problems among others.
Zinc deficiency leads to poor growth and development of spots on the skin called zits or acne rosacea commonly known as "rosacea".
Iron:
Iron is a mineral that is found in the blood, meat, cereals, and other foods. It plays an important role in the formation of hemoglobin - an essential part of the red blood cells that helps deliver oxygen to tissues. The body needs vitamin E and iron for healthy growth & development as well as maintenance of cell membranes & enzymes. Vitamin E acts as an antioxidant and helps neutralize harmful free radicals created by iron during digestion; thus protecting cells from damage.
Application Insights:
The milk products segment held the largest market share in 2017. This is due to the high consumption of fortified dairy products such as infant formula, regular milk, and cheese among other food items. The demand for fortified dairy products has increased owing to changing lifestyles along with rising health awareness among consumers.
Infant formulas dominated the global fortification market in terms of revenue in 2017 and are expected to continue their dominance over the forecast period as well owing to a large number of manufacturers producing different types of infant formulas globally. Increasing consumer preference for convenience goods including ready-to-use baby foods is also expected to boost industry growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global fortified food market in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a revenue share of more than 35% in 2016 owing to high product demand from developing countries such as India, China, and Bangladesh. Moreover, increasing consumer awareness regarding nutritional enrichment will drive industry growth over the next eight years.
The Asia Pacific regional market includes major players such as Cargill Inc.; Archer Daniels Midland Company; Kellogg Co.; Nestl©; Abbott Nutrition; General Mills Inc.; and Unilever Netherlands BV. These companies are focusing on investing in fortification technologies due to growing demand for fortified foods among consumers across emerging economies of Asia Pacific region including India & China.
Growth Factors:
- Increasing awareness about the benefits of fortified food products among consumers.
- Rising demand for healthy and nutritious food products across the globe.
- Growing number of health-conscious consumers who are looking for fortified foods as a means to improve their overall health and well-being.
- Proliferation of convenience stores, supermarkets, and other retail outlets that offer a wide range of fortified food products to meet the needs of consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fortified Food Market Research Report
By Type
Zinc, Iron, Copper, Selenium, Folic Acid, Docosahexaenoic Acid, Others
By Application
Milk Products, Cereals and Cereal Based Products, Confectionaries, Infant Formulas, Fats and Oils, Others Includes Tea
By Companies
Nestle, Kellogg, Dean Foods, Unilever, RFM, Kraft Foods, Meiji Group, Red Bull
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Fortified Food Market Report Segments:
The global Fortified Food market is segmented on the basis of:
Types
Zinc, Iron, Copper, Selenium, Folic Acid, Docosahexaenoic Acid, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Milk Products, Cereals and Cereal Based Products, Confectionaries, Infant Formulas, Fats and Oils, Others Includes Tea
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nestle
- Kellogg
- Dean Foods
- Unilever
- RFM
- Kraft Foods
- Meiji Group
- Red Bull
Highlights of The Fortified Food Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Zinc
- Iron
- Copper
- Selenium
- Folic Acid
- Docosahexaenoic Acid
- Others
- By Application:
- Milk Products
- Cereals and Cereal Based Products
- Confectionaries
- Infant Formulas
- Fats and Oils
- Others Includes Tea
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fortified Food Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fortified food is a type of food that has been fortified with vitamins, minerals, and other nutrients. Fortified foods are often used to provide additional nutritional support for people who are not getting enough of these nutrients from their diet.
Some of the key players operating in the fortified food market are Nestle, Kellogg, Dean Foods, Unilever, RFM, Kraft Foods, Meiji Group, Red Bull.
The fortified food market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fortified Food Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fortified Food Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fortified Food Market - Supply Chain
4.5. Global Fortified Food Market Forecast
4.5.1. Fortified Food Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fortified Food Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fortified Food Market Absolute $ Opportunity
5. Global Fortified Food Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Fortified Food Market Size and Volume Forecast by Type
5.3.1. Zinc
5.3.2. Iron
5.3.3. Copper
5.3.4. Selenium
5.3.5. Folic Acid
5.3.6. Docosahexaenoic Acid
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fortified Food Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Fortified Food Market Size and Volume Forecast by Application
6.3.1. Milk Products
6.3.2. Cereals and Cereal Based Products
6.3.3. Confectionaries
6.3.4. Infant Formulas
6.3.5. Fats and Oils
6.3.6. Others Includes Tea
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fortified Food Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Fortified Food Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Fortified Food Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Fortified Food Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Fortified Food Demand Share Forecast, 2019-2026
9. North America Fortified Food Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Fortified Food Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Fortified Food Market Size and Volume Forecast by Application
9.4.1. Milk Products
9.4.2. Cereals and Cereal Based Products
9.4.3. Confectionaries
9.4.4. Infant Formulas
9.4.5. Fats and Oils
9.4.6. Others Includes Tea
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fortified Food Market Size and Volume Forecast by Type
9.7.1. Zinc
9.7.2. Iron
9.7.3. Copper
9.7.4. Selenium
9.7.5. Folic Acid
9.7.6. Docosahexaenoic Acid
9.7.7. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Fortified Food Demand Share Forecast, 2019-2026
10. Latin America Fortified Food Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Fortified Food Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Fortified Food Market Size and Volume Forecast by Application
10.4.1. Milk Products
10.4.2. Cereals and Cereal Based Products
10.4.3. Confectionaries
10.4.4. Infant Formulas
10.4.5. Fats and Oils
10.4.6. Others Includes Tea
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fortified Food Market Size and Volume Forecast by Type
10.7.1. Zinc
10.7.2. Iron
10.7.3. Copper
10.7.4. Selenium
10.7.5. Folic Acid
10.7.6. Docosahexaenoic Acid
10.7.7. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Fortified Food Demand Share Forecast, 2019-2026
11. Europe Fortified Food Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Fortified Food Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Fortified Food Market Size and Volume Forecast by Application
11.4.1. Milk Products
11.4.2. Cereals and Cereal Based Products
11.4.3. Confectionaries
11.4.4. Infant Formulas
11.4.5. Fats and Oils
11.4.6. Others Includes Tea
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fortified Food Market Size and Volume Forecast by Type
11.7.1. Zinc
11.7.2. Iron
11.7.3. Copper
11.7.4. Selenium
11.7.5. Folic Acid
11.7.6. Docosahexaenoic Acid
11.7.7. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Fortified Food Demand Share, 2019-2026
12. Asia Pacific Fortified Food Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Fortified Food Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Fortified Food Market Size and Volume Forecast by Application
12.4.1. Milk Products
12.4.2. Cereals and Cereal Based Products
12.4.3. Confectionaries
12.4.4. Infant Formulas
12.4.5. Fats and Oils
12.4.6. Others Includes Tea
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fortified Food Market Size and Volume Forecast by Type
12.7.1. Zinc
12.7.2. Iron
12.7.3. Copper
12.7.4. Selenium
12.7.5. Folic Acid
12.7.6. Docosahexaenoic Acid
12.7.7. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Fortified Food Demand Share, 2019-2026
13. Middle East & Africa Fortified Food Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Fortified Food Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Fortified Food Market Size and Volume Forecast by Application
13.4.1. Milk Products
13.4.2. Cereals and Cereal Based Products
13.4.3. Confectionaries
13.4.4. Infant Formulas
13.4.5. Fats and Oils
13.4.6. Others Includes Tea
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fortified Food Market Size and Volume Forecast by Type
13.7.1. Zinc
13.7.2. Iron
13.7.3. Copper
13.7.4. Selenium
13.7.5. Folic Acid
13.7.6. Docosahexaenoic Acid
13.7.7. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Fortified Food Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Fortified Food Market: Market Share Analysis
14.2. Fortified Food Distributors and Customers
14.3. Fortified Food Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Nestle
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kellogg
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dean Foods
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Unilever
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. RFM
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kraft Foods
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Meiji Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Red Bull
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
