Market Overview:
The global enriched food market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing awareness about the benefits of fortified foods, rising demand for processed foods, and growing population in developing countries. The enriched food market is segmented on the basis of type into vitamins, minerals, and other fortifying micronutrients. The vitamins segment is expected to hold the largest share in terms of value in 2018 owing to its high demand for use as dietary supplements and functional foods. The minerals segment is projected to grow at a higher CAGR during the forecast period due its increasing application in basic food items such as breads, cereals, dairy products, etc., which are consumed by a large population across different regions. On the basis of application, basic food accounted for majority share in 2017 and it is projected to maintain its dominance during the forecast period due increased adoption by consumers across different regions for daily consumption needs such as breakfast cereals or snacks bars fortified with essential nutrients like vitamin A & D3 or iron & zinc respectively .
Product Definition:
enriched food: a type of processed food that has been enriched with vitamins.
Vitamins:
Vitamins are organic compounds that act as nutrients for the body. There are eight different vitamins in the human body, and they help in various bodily functions such as digestion, nerve function, cell growth & division among others. The main function of vitamin is to assist or enable normal body functioning by strengthening its weak points.
Minerals:
Minerals are naturally occurring inorganic elements required for the structure and function of cells. Minerals are found in several foods, however, most of them occur naturally in water. The human body is unable to produce minerals; hence they must be consumed through food & drink or a supplement.
Application Insights:
The processed food segment held the largest revenue share of over 70.0% in 2017. The major function of enrichment is to improve the nutrition value of food products by adding essential vitamins, minerals and other nutrients that are required for good health. Enriched foods are widely used in several processed foods such as breakfast cereals, flour-based products, chips & snacks and others on account of their high nutritional content and functional benefits over regular food items.
Basic food is expected to be the fastest growing application at a CAGR of XX% from 2018 to 2030 owing to rising awareness regarding healthy eating habits among consumers across various regions globally including North America, Europe.
Regional Analysis:
Europe dominated the global market in 2017, accounting for a share of more than 30.0% owing to high demand for enhanced products from countries, such as U.K., Germany, and France. Moreover, increasing awareness regarding nutritional enrichment among consumers is expected to drive the product demand over the forecast period. Asia Pacific is expected to witness significant growth over the forecast period on account of rising disposable income levels and changing food preferences among consumers due to rapid urbanization in emerging economies including China and India.
Growth Factors:
- Increasing awareness about the benefits of enriched food products among consumers.
- Rising disposable income of consumers, which enables them to purchase premium-priced enriched food products.
- Growing demand for convenience foods, which is driving manufacturers to launch more enriched food products that can be easily prepared and consumed on the go.
- Proliferation of retail formats such as supermarkets and hypermarkets, which are offering a wider variety of enriched food products at competitive prices to consumers.
- Increasing trend of healthy eating among consumers, who are looking for fortified foods that offer health benefits such as improved immunity and better overall health
Scope Of The Report
Report Attributes
Report Details
Report Title
Enriched Food Market Research Report
By Type
Vitamins, Minerals, Other Fortifying Micronutrients
By Application
Basic Food, Processed Food
By Companies
Nestle S.A., BASF SE, General Mills, Tata Chemicals Limited, Mondelez International, Cargill Incorporated., Danone, Buhler AG, Bunge Limited, Unilever PLC, Nestle S.A., Stern-Wywiol Gruppe GmbH & Co. KG, Arla Foods amba, Nutritional Holdings (Pty) Limited, Dr. Paul Lohmann GmbH KG Chemische Fabrik, Wright Enrichment Inc., Gastaldi Hermanos S.A.I.C.F. E I., Sinokrot Global Group, Ufuk Kimya Ilac Sanayi Ve Ticaret Limited Sirketi, Corbion NV
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
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Enriched Food Market Report Segments:
The global Enriched Food market is segmented on the basis of:
Types
Vitamins, Minerals, Other Fortifying Micronutrients
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
Basic Food, Processed Food
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 S.A.
- BASF SE
- General Mills
- Tata Chemicals Limited
- Mondelez International
- Cargill Incorporated.
- Danone
- Buhler AG
- Bunge Limited
- Unilever PLC
- Nestle S.A.
- Stern-Wywiol Gruppe GmbH & Co. KG
- Arla Foods amba
- Nutritional Holdings (Pty) Limited
- Dr. Paul Lohmann GmbH KG Chemische Fabrik
- Wright Enrichment Inc.
- Gastaldi Hermanos S.A.I.C.F. E I.
- Sinokrot Global Group
- Ufuk Kimya Ilac Sanayi Ve Ticaret Limited Sirketi
- Corbion NV
Highlights of The Enriched 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:
- Vitamins
- Minerals
- Other Fortifying Micronutrients
- By Application:
- Basic Food
- Processed Food
- 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 Enriched 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
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- 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?
Enriched food is a type of food that has been fortified with vitamins, minerals, and other nutrients. These foods are typically used to provide additional nutritional value to people who may not be getting enough from their regular diet.
Some of the key players operating in the enriched food market are Nestle S.A., BASF SE, General Mills, Tata Chemicals Limited, Mondelez International, Cargill Incorporated., Danone, Buhler AG, Bunge Limited, Unilever PLC, Nestle S.A., Stern-Wywiol Gruppe GmbH & Co. KG, Arla Foods amba, Nutritional Holdings (Pty) Limited, Dr. Paul Lohmann GmbH KG Chemische Fabrik, Wright Enrichment Inc., Gastaldi Hermanos S.A.I.C.F. E I., Sinokrot Global Group, Ufuk Kimya Ilac Sanayi Ve Ticaret Limited Sirketi, Corbion NV.
The enriched food market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Enriched Food Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Enriched Food Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Enriched Food Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Enriched Food Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Enriched Food Market Size & Forecast, 2020-2028
4.5.1 Enriched Food Market Size and Y-o-Y Growth
4.5.2 Enriched Food Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Vitamins
5.2.2 Minerals
5.2.3 Other Fortifying Micronutrients
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Basic Food
6.2.2 Processed Food
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Enriched Food Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Enriched Food Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Vitamins
9.6.2 Minerals
9.6.3 Other Fortifying Micronutrients
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Basic Food
9.10.2 Processed Food
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Vitamins
10.6.2 Minerals
10.6.3 Other Fortifying Micronutrients
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Basic Food
10.10.2 Processed Food
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Vitamins
11.6.2 Minerals
11.6.3 Other Fortifying Micronutrients
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Basic Food
11.10.2 Processed Food
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Vitamins
12.6.2 Minerals
12.6.3 Other Fortifying Micronutrients
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Basic Food
12.10.2 Processed Food
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Vitamins
13.6.2 Minerals
13.6.3 Other Fortifying Micronutrients
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Basic Food
13.10.2 Processed Food
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Enriched Food Market: Competitive Dashboard
14.2 Global Enriched Food Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nestle S.A.
14.3.2 BASF SE
14.3.3 General Mills
14.3.4 Tata Chemicals Limited
14.3.5 Mondelez International
14.3.6 Cargill Incorporated.
14.3.7 Danone
14.3.8 Buhler AG
14.3.9 Bunge Limited
14.3.10 Unilever PLC
14.3.11 Nestle S.A.
14.3.12 Stern-Wywiol Gruppe GmbH & Co. KG
14.3.13 Arla Foods amba
14.3.14 Nutritional Holdings (Pty) Limited
14.3.15 Dr. Paul Lohmann GmbH KG Chemische Fabrik
14.3.16 Wright Enrichment Inc.
14.3.17 Gastaldi Hermanos S.A.I.C.F. E I.
14.3.18 Sinokrot Global Group
14.3.19 Ufuk Kimya Ilac Sanayi Ve Ticaret Limited Sirketi
14.3.20 Corbion NV
