According to a new market report by Lucintel, the future of the food fortifying agent market looks promising with opportunities in the food and beverage industries. The food fortifying agent market is expected to grow with a CAGR of 16% from 2019 to 2024. The major growth drivers for this market are increasing consumer awareness on health benefits of fortifying agents, increasing focus on preventive healthcare, increasing incidence of diseases out of vitamin deficiency, growing aging population, and increasing cases of chronic diseases such as cardiovascular diseases, Alzheimer’s disease, and high blood pressure.
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In this market, minerals, vitamins, lipids, carbohydrates, protein and amino acids, prebiotics, and probiotics are the major food fortifying agents are used to reduce the widespread malnutrition. Vitamin is expected to witness the highest growth due to rising number of diseases, such as osteoporosis and rickets.
Within the fortifying agent market, cereals and cereal based product, dairy and dairy based product, fats and oils, bulk food item, infant formula, dietary supplements, pet food, animal feed, and animal nutrition are the major applications. Dietary supplements is the largest application as it provides health benefits of nutritional supplements, along with the increase in aging population and growing interest in personal fitness.
North America is the largest market over the forecast period due to increasing prevalence of diseases and rising obesity cases in the region.
Cargill, Royal DSM, CHR. Hansen Holdings, E. I. du Pont de Nemours, BASF SE, Arla Foods, Tate & Lyle, The Archer Daniels Midland, and Nestle SA are among the major manufacturers of food fortifying agents.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the food fortifying agent market by ingredient, application, and region. Lucintel has prepared a comprehensive research report titled "Food Fortifying Agent Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the food fortifying agent market by ingredient, application, and region as follows:
By Ingredient [$M shipment analysis for 2013 – 2024]:
Minerals
Vitamins
Lipids
Carbohydrates
Proteins and Amino Acids
Prebiotics
Probiotics
Others
By Application [$M shipment analysis for 2013 – 2024]:
Cereals and Cereal Based Product
Dairy and Dairy Based Product
Fats and Oils
Bulk Food Item
Infant Formula
Dietary Supplements
Pet food, Animal feed, and Animal Nutrition
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/food-fortifying-agent-market.aspx or helpdesk@lucintel.com.
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