Market Overview:
The global food fortification ingredients 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 food fortification, rising demand for fortified foods, and growing number of health-conscious consumers. Based on type, the global food fortification ingredients market is segmented into minerals, vitamins, probiotics, and others. The minerals segment is expected to account for the largest share in terms of revenue in 2018 owing to its wide application in dairy products, beverages, cereal & cereal products,, confectionery and dietary supplements. Vitamins are also projected to witness high growth during the forecast period due their increasing use as food additives across various applications such as dairy products,, beverages,, confectionery and dietary supplements.
Product Definition:
Food fortification is the process of adding micronutrients (vitamins and minerals) to foods. The purpose of food fortification is to improve the nutritional quality of foods and to help ensure that people consume enough essential nutrients. Food fortification ingredients include vitamins, minerals, and other substances such as antioxidants.
Minerals:
Minerals are naturally occurring inorganic elements, which have a positive impact on health when consumed in the proper quantities. Minerals can be classified as Rock (ore), Mineral (such as calcium carbonate), and Water (hydrogencarbonate).
Minerals are essential to human health; however, some may be harmful if consumed in excess quantities. Calcium for example is vital for bone strength but too much of it can be harmful.
Vitamins:
Vitamins are organic compounds that act as nutrients for the body. They are essential in small quantities for good health. Vitamins can be categorized into two groups, water-soluble vitamins and fat-soluble vitamins. The food industry has been witnessing a rise in fortification with vitamin ingredients over the past few years owing to their health benefits which include improved bone and dental health, reduced risk of cardiovascular diseases, enhanced immune system response, increased energy level among others.
Application Insights:
Dietary supplements led the global food fortification ingredients market in 2017, accounting for a revenue share of over 40%. The segment is expected to expand at the highest CAGR from 2018 to 2030. Increasing awareness about health and wellness among individuals, coupled with rising demand for specific nutrients, is anticipated to drive growth.
The growing importance of vitamins and minerals in maintaining good health has prompted manufacturers across the world to include these products in their product offerings. This trend has resulted in increased consumption of fortified foods & beverages around the globe. Beverages are likely to be one of the major segments that witness significant growth during forecast years owing to increasing demand for functional drinks with added nutritional value among working professionals and athletes worldwide. Increasing consumer preference towards low-calorie beverages along with changing lifestyles may encourage beverage manufacturers worldwide including Coca-Cola Company., PepsiCo., Inc.
Regional Analysis:
North America accounted for the largest share of over 35.0% in 2017 owing to high consumer awareness regarding fortified foods and increasing demand for nutritional food products. The region is expected to maintain its dominance throughout the forecast period on account of rising consumer preference toward fortified foods, coupled with growing concerns regarding micronutrients deficiency in the American population.
Asia Pacific is projected to be one of the fastest-growing regional markets from 2018 to 2030 due to emerging economies such as India and China, which are majorly driven by rapid urbanization and changing lifestyles resulting into increased consumption of processed & ready-to-eat foods among consumers at large. These factors are anticipated to boost product demand across Asia Pacific during the forecast period. Europe also held a significant market share in 2017 owing both mass consumption as well as specialty products segmentation within countries such as Germany, U.K., France, Italy etc.
Growth Factors:
- Increasing awareness about the benefits of food fortification: There is a growing awareness among people about the importance of food fortification and its benefits. This is driving demand for food fortification ingredients, thereby boosting the market growth.
- Rising prevalence of malnutrition: The increasing prevalence of malnutrition is fueling demand for food fortification ingredients as they help in addressing this issue.
- Growing focus on public health: Governments across the globe are focusing on public health and are implementing various initiatives to improve it. This is aiding the growth of the food fortification ingredients market as these ingredients play an important role in improving public health.
- Technological advancements: The advancement in technology has led to development of new and innovative food fortification ingredients, which is aiding market growth significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Fortification Ingredients Market Research Report
By Type
Minerals, Vitamins, Probiotics, Others
By Application
Dairy Products, Beverages, Cereal & Cereal Products, Confectionery, Dietary Supplements, Others
By Companies
Cargill, Ajinomoto Group, ADM, BASF Nutrition, Novozymes, Roquette, Tate & Lyle, Chr. Hansen, DuPont, Ingredion, Kerry Group, Kemin
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
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Food Fortification Ingredients Market Report Segments:
The global Food Fortification Ingredients market is segmented on the basis of:
Types
Minerals, Vitamins, Probiotics, 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
Dairy Products, Beverages, Cereal & Cereal Products, Confectionery, Dietary Supplements, Others
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:
- Cargill
- Ajinomoto Group
- ADM
- BASF Nutrition
- Novozymes
- Roquette
- Tate & Lyle
- Chr. Hansen
- DuPont
- Ingredion
- Kerry Group
- Kemin
Highlights of The Food Fortification Ingredients 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:
- Minerals
- Vitamins
- Probiotics
- Others
- By Application:
- Dairy Products
- Beverages
- Cereal & Cereal Products
- Confectionery
- Dietary Supplements
- Others
- 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 Food Fortification Ingredients 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
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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?
Food fortification ingredients are additives that are added to food in order to make it more nutritious. They can be divided into two categories: essential and non-essential. Essential fortification ingredients are those that the body needs in order to function properly, such as vitamins and minerals. Non-essential fortification ingredients, on the other hand, may or may not be necessary for health but can provide additional nutrients or flavorings.
Some of the key players operating in the food fortification ingredients market are Cargill, Ajinomoto Group, ADM, BASF Nutrition, Novozymes, Roquette, Tate & Lyle, Chr. Hansen, DuPont, Ingredion, Kerry Group, Kemin.
The food fortification ingredients market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Food Fortification Ingredients 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 Food Fortification Ingredients Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Food Fortification Ingredients 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 Food Fortification Ingredients 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 Food Fortification Ingredients Market Size & Forecast, 2020-2028
4.5.1 Food Fortification Ingredients Market Size and Y-o-Y Growth
4.5.2 Food Fortification Ingredients 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 Minerals
5.2.2 Vitamins
5.2.3 Probiotics
5.2.4 Others
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 Dairy Products
6.2.2 Beverages
6.2.3 Cereal & Cereal Products
6.2.4 Confectionery
6.2.5 Dietary Supplements
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Food Fortification Ingredients 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 Food Fortification Ingredients 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 Minerals
9.6.2 Vitamins
9.6.3 Probiotics
9.6.4 Others
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 Dairy Products
9.10.2 Beverages
9.10.3 Cereal & Cereal Products
9.10.4 Confectionery
9.10.5 Dietary Supplements
9.10.6 Others
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 Minerals
10.6.2 Vitamins
10.6.3 Probiotics
10.6.4 Others
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 Dairy Products
10.10.2 Beverages
10.10.3 Cereal & Cereal Products
10.10.4 Confectionery
10.10.5 Dietary Supplements
10.10.6 Others
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 Minerals
11.6.2 Vitamins
11.6.3 Probiotics
11.6.4 Others
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 Dairy Products
11.10.2 Beverages
11.10.3 Cereal & Cereal Products
11.10.4 Confectionery
11.10.5 Dietary Supplements
11.10.6 Others
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 Minerals
12.6.2 Vitamins
12.6.3 Probiotics
12.6.4 Others
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 Dairy Products
12.10.2 Beverages
12.10.3 Cereal & Cereal Products
12.10.4 Confectionery
12.10.5 Dietary Supplements
12.10.6 Others
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 Minerals
13.6.2 Vitamins
13.6.3 Probiotics
13.6.4 Others
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 Dairy Products
13.10.2 Beverages
13.10.3 Cereal & Cereal Products
13.10.4 Confectionery
13.10.5 Dietary Supplements
13.10.6 Others
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 Food Fortification Ingredients Market: Competitive Dashboard
14.2 Global Food Fortification Ingredients Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cargill
14.3.2 Ajinomoto Group
14.3.3 ADM
14.3.4 BASF Nutrition
14.3.5 Novozymes
14.3.6 Roquette
14.3.7 Tate & Lyle
14.3.8 Chr. Hansen
14.3.9 DuPont
14.3.10 Ingredion
14.3.11 Kerry Group
14.3.12 Kemin
