Fortified foods are foods or beverages that have nutrients added to them that naturally do not occur in them. Fortified foods offer cost-effective and scalable solutions to address the issues of nutritional deficiency across the world. Several nutrients, vitamins, and minerals are lost during various food processing operations, and hence processed food is deficient in essential nutrients. To address this problem, food and beverage manufacturers have introduced a number of fortified foods enriched with the necessary nutrition.
MARKET DYNAMICS
According to the WHO, 2 billion people or over 30% of the world's population is anemic, mostly due to iron deficiency. The Food and Agricultural Organization (FAO) and the World Health Organization (WHO) have identified food fortification as one of the strategies to minimize the prevalence of malnutrition, particularly in underdeveloped countries. The wide prevalence of nutritional deficiency in both the developed as well as developing word has led to the significant importance of food fortification as a means to avert the risk of morbidity in children. A number of food and beverage manufacturers are introducing food and beverages fortified with minerals, vitamins, fatty acids, and micronutrients to improve the nutritional profile of various food products. The introduction of foods fortified with essential vitamins has led to significant consumer interest in them and consequently augmented the sales of fortified foods.
MARKET SCOPE
The "Global Fortified Food Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the fortified food market with detailed market segmentation by raw material, nutrients, application, and geography. The global fortified food market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading fortified food market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global fortified food market is segmented on the basis of raw material, nutrients, and application. On the basis of raw material, the fortified food market is segmented into flour, rice, wheat, corn, milk, oil, and others. The fortified food market on the basis of nutrients is classified into vitamins, minerals, and other nutrients. Based on application, the global fortified food market is divided into processed food and beverages and unprocessed food and beverages.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global fortified food market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The fortified food market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the fortified food market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the fortified food market in these regions.
MARKET PLAYERS
The reports cover key developments in the fortified food market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the fortified food market are anticipated to lucrative growth opportunities in the future with the rising demand for fortified food in the global market. Below mentioned is the list of few companies engaged in the fortified food market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the fortified food market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.
- BASF SE
- B?hler AG
- Bunge Limited
- Cargill Incorporated.
- Corbion NV
- General Mills, Inc.
- Nestl? S.A.
- Nutritional Holdings (Pty) Limited
- Unilever PLC
- Wright Enrichment Inc.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.