Research Nester published a report titled “Fortified Food Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the fortified food market in terms of market segmentation by nutrient composition, product, distribution channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The fortified food market is expected to grow by a significant CAGR over the forecast period, i.e., 2021 – 2029, owing to the rising health awareness amongst people and increasing disposable income of consumers globally. In addition to these, the shift in focus of major food & beverage manufacturers to develop enhanced varieties of fortified foods is anticipated to drive the growth of the market in the coming years.
The market is segmented by nutrient composition, product and distribution channel. On the basis of nutrient composition, the segment for vitamins is projected to occupy the largest market share during the forecast period on the back of increasing number of incidences of disorders associated with vitamins deficiency. The World Health Organization states that more than 2 billion people worldwide, suffer from micronutrients deficiency. Furthermore, the probiotics segment is expected to grow at a robust rate accounting to the benefits of probiotics, including improved immune function, circulation of healthy bacteria in the gut and easy management of weight gain/loss.
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Geographically, the global fortified food market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific and the Middle East & Africa, out of which, the market in Europe is estimated to grab a notable share and continue this trend over the forecast period. This can be credited to the strong presence of leading market players and the rising consumption of fortified foods among older population in the region.
Growing Health Consciousness of People Globally
Owing to the considerable health benefits offered by fortified and enriched foods such as fulfilment of essential nutrients, high energy gain and ample medicinal properties, the demand for these products is estimated to witness a hike in the near future. The growing awareness of people in the world to minimize potential health risks is also evaluated to boost the growth of the market by the end of 2029.
However, inability of fortified food products manufacturers to meet health guidelines provided by the government is expected to operate as key restraint to the growth of fortified food market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global fortified food market which includes company profiling of Nestle S.A. (SWX: NESN), Gastaldi Hnos.S.A., Bühler AG, Dr. Paul Lohmann GmbH & Co. KGaA, Corbion NV (AMS: CRBN), General Mills Inc. (NYSE: GIS), Koninklijke DSM N.V. (AMS: DSM), Cargill, Incorporated, Arla Foods amba, Mondelēz Global LLC (NASDAQ: MDLZ) and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the fortified food market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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