Food Fortifying Agents Market will Show Significant Growth in the Upcoming Years - Research
Global Food
Fortifying Agents Market is expected to witness substantial growth over
the forecast period owing to the increase in demand for food fortification in
beverages and food products which helps in increasing the nutrient value of the
products. Food Fortifying Agents Market is estimated to be worth 69.8 Billion
USD by 2024 Food fortification has proved to be safest and effective way of
improving nutrient value of a diet. It is being used for years to improve the
nutritional content of simple and affordable staple food.
Producers
are recognizing the importance of food fortification to gain a competitive
edge. Market for food fortifying agents is growing rapidly owing to the
awareness of the health benefits they possess among the aging consumers. The
market is segmented on the basis of type into, probiotics vitamins, proteins
& amino acids, carbohydrates, lipids prebiotics and minerals. The probiotic
segment is growing substantially in value for essential nutrients it contains
owing to the growing chronic diseases. The growing disposable income has led to
increase in the demand for the food fortifying agents. Another reason for
growing market share for food fortifying agents is their multiple uses of
Vitamins, Salts, and Minerals. Innovative technology has improved the
fortification process and made it easier to increase the nutrient value of any
diet.
The food
fortifying market can be segmented based on application into, bulk food items,
dairy and dairy based products, fats & oils, cereals and cereal based
products, dietary supplements and infant formula. Dietary supplements, on the
basis of application is the fastest growing segment owing to the health
benefits it holds for overall body development. Growing population has led the
increase in the demand for food fortifying agents on account of domination of
bulk food items. High quality food products and alteration in health trends
have led to increase of food fortifying agents. Minerals are widely used
fortifying agent and cover a large market share owing to its varied usages.
Compounds that are insoluble in water and slightly soluble in diluted acids,
such as iron salts, are more inert and have low reactivity with the food
carrier.
Therefore,
they are likely to be used as fortifying agents. Multiple application and
growing demand from food and beverage industry drives the food fortifying
agents market. Technologies have been developed for Vitamin C fortification in
fruits, fruit juices and other drinks which help improve bioavailability.
Vitamin B Complex fortification has proved beneficial for those who are
vegetarians or eat highly refined cereals and grains in their diets.
Fortification of calcium and phosphorus works as an anti-caking agent and is
used in making baby formula. Fats and Oils are used as stabilizers.
Fortification
of maize and wheat flour with zinc, iron, folic acid and other micronutrients
has proven to be effective against iron deficiency anemia (IDA). Vitamin A and
D fortification at low cost technology helped in reducing Vitamin A and D
deficiency. Milk fortification helps in regaining the micronutrients which are
lost during the processing and skimming of milk. Instant noodles are a way to
improve health of the consumers as it is cheap and consumed by all segments of
population. Micronutrient content can be increased through fortification
process.
The global
market for food fortifying agents is segmented into Asia Pacific, Middle East
& Africa, North America, Latin America and Western Europe. North American
was the largest market for food fortifying agents in 2015, on account of change
in the health trends and awareness amongst consumers and increase in per capita
income Asia Pacific is believed to be the growing market from 2016 to 2024. In
Central America, fortification of sugar with vitamin A has effectively reduced
the prevalence of hypovitaminosis A in the population. Awareness is a driving
force behind increase in the demand for food fortifying agents in the Middle
East. Fortification is compulsory for wheat flour with folic acid and pre
cooked corn flour in parts of Latin America such as Chile and Venezuela.
The leading
players include, CHR. Hansen Holdings A/S (Denmark), Arla Foods (Denmark) E. I.
du Pont de Nemours and Company (U.S.), Tate & Lyle (U.K.), Ingredion
(U.S.), Royal DSM (The Netherlands), The Archer Daniels Midland Company (U.S.),
and Nestle SA (Switzerland), Cargill, Incorporated (U.S.), BASF SE (Germany).
Browse Detailed TOC of the Report @ https://www.hexaresearch.com/research-report/food-fortifying-agents-market
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