The global food fortifying agents market is fragmented due to the presence of a large number of regional and domestic players in different countries. Vendors are focusing on mergers and acquisitions (M&A), expansions, and partnerships, along with new product development to expand their presence. Technavio identifies Arla Foods Ingredients Group PS, BASF SE, Chr. Hansen Holding AS, Evonik Industries AG, Ingredion Inc., International Flavors and Fragrances Inc., Koninklijke DSM NV, Levex, Nestle SA, Nouryon Chemicals Holding BV, Omya International AG, Prime Merchantiles International Ltd., ProXES GmbH, Spirax Sarco Engineering plc, Tata Sons Pvt. Ltd., Tate and Lyle Plc, Wenda Ingredients LLC, Kellogg Co., and PPG Industries Inc. as dominant players in the market.
Although the rising concerns on ever-increasing health problems, growing aging population, and rising incidence of diseases due to vitamin and calcium deficiency will offer immense growth opportunities, stringent government regulations, the high cost related to food fortifying agents, and multi-page labeling on the rise will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Our full report offers a detailed analysis of the successful growth strategies adopted by leading vendors and the factors impacting their growth.
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Food Fortifying Agents Market 2022-2026: Segmentation
The food fortifying agents market is segmented as below:
- Application
- Dietary Supplements
- Dairy And Dairy Products
- Cereals And Cereal-based Products
- Infant Formula
- Others
- Geography
- North America
- Europe
- APAC
- South America
- The Middle East and Africa
The dietary supplements segment generated the maximum revenue in the market in 2021. The segment is driven by the increasing demand for high-quality food products and changing health trends. The market growth in the segment will be significant during the forecast period.
North America accounted for the largest share global food fortifying agents market in 2021. Factors such as rising health consciousness among consumers and increasing support provided by government organizations are driving the growth of the regional market. In addition, the increasing expenditure on healthcare is contributing to the growth of the food fortifying agents market in North America. The US and Canada are the key markets for food fortifying agents in North America. The market growth in the region will be slower than the growth of the market in APAC, South America, and the Middle East and Africa.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our food fortifying agents market report covers the following areas:
Food Fortifying Agents Market 2022-2026: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the food fortifying agents market. Backed with competitive intelligence and benchmarking, our research report on the food fortifying agents market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Food Fortifying Agents Market 2022-2026: Key Highlights
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will assist food fortifying agents market growth during the next five years
- Estimation of the food fortifying agents market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the food fortifying agents market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of food fortifying agents market vendors
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Food Fortifying Agents Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.64% |
Market growth 2022-2026 |
USD 41.47 billion |
Market structure |
Fragmented |
YoY growth (%) |
10.4 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 33% |
Key consumer countries |
US, Canada, China, India, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Arla Foods Ingredients Group PS, BASF SE, Chr. Hansen Holding AS, Evonik Industries AG, Ingredion Inc., International Flavors and Fragrances Inc., Koninklijke DSM NV, Levex, Nestle SA, Nouryon Chemicals Holding BV, Omya International AG, Prime Merchantiles International Ltd., ProXES GmbH, Spirax Sarco Engineering plc, Tata Sons Pvt. Ltd., Tate and Lyle Plc, Wenda Ingredients LLC, Kellogg Co., and PPG Industries Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table Of Contents :
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Dietary supplements - Market size and forecast 2021-2026
- Exhibit 28: Chart on Dietary supplements - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Dietary supplements - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Dietary supplements - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Dietary supplements - Year-over-year growth 2021-2026 (%)
- 5.4 Dairy and dairy products - Market size and forecast 2021-2026
- Exhibit 32: Chart on Dairy and dairy products - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Dairy and dairy products - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Dairy and dairy products - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Dairy and dairy products - Year-over-year growth 2021-2026 (%)
- 5.5 Cereals and cereal-based products - Market size and forecast 2021-2026
- Exhibit 36: Chart on Cereals and cereal-based products - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Cereals and cereal-based products - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Cereals and cereal-based products - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Cereals and cereal-based products - Year-over-year growth 2021-2026 (%)
- 5.6 Infant formula - Market size and forecast 2021-2026
- Exhibit 40: Chart on Infant formula - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Infant formula - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Infant formula - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Infant formula - Year-over-year growth 2021-2026 (%)
- 5.7 Others - Market size and forecast 2021-2026
- Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.8 Market opportunity by Application
- Exhibit 48: Market opportunity by Application ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 50: Chart on Market share by geography 2021-2026 (%)
- Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 52: Chart on Geographic comparison
- Exhibit 53: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 India - Market size and forecast 2021-2026
- Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.12 Canada - Market size and forecast 2021-2026
- Exhibit 90: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 91: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 92: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 94: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 98: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 99: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification
- 10.3 Arla Foods Ingredients Group PS
- Exhibit 101: Arla Foods Ingredients Group PS - Overview
- Exhibit 102: Arla Foods Ingredients Group PS - Product / Service
- Exhibit 103: Arla Foods Ingredients Group PS - Key offerings
- 10.4 BASF SE
- Exhibit 104: BASF SE - Overview
- Exhibit 105: BASF SE - Business segments
- Exhibit 106: BASF SE - Key news
- Exhibit 107: BASF SE - Key offerings
- Exhibit 108: BASF SE - Segment focus
- 10.5 Chr. Hansen Holding AS
- Exhibit 109: Chr. Hansen Holding AS - Overview
- Exhibit 110: Chr. Hansen Holding AS - Business segments
- Exhibit 111: Chr. Hansen Holding AS - Key news
- Exhibit 112: Chr. Hansen Holding AS - Key offerings
- Exhibit 113: Chr. Hansen Holding AS - Segment focus
- 10.6 Ingredion Inc.
- Exhibit 114: Ingredion Inc. - Overview
- Exhibit 115: Ingredion Inc. - Business segments
- Exhibit 116: Ingredion Inc. - Key news
- Exhibit 117: Ingredion Inc. - Key offerings
- Exhibit 118: Ingredion Inc. - Segment focus
- 10.7 International Flavors and Fragrances Inc.
- Exhibit 119: International Flavors and Fragrances Inc. - Overview
- Exhibit 120: International Flavors and Fragrances Inc. - Business segments
- Exhibit 121: International Flavors and Fragrances Inc. - Key news
- Exhibit 122: International Flavors and Fragrances Inc. - Key offerings
- Exhibit 123: International Flavors and Fragrances Inc. - Segment focus
- 10.8 Koninklijke DSM NV
- Exhibit 124: Koninklijke DSM NV - Overview
- Exhibit 125: Koninklijke DSM NV - Business segments
- Exhibit 126: Koninklijke DSM NV - Key news
- Exhibit 127: Koninklijke DSM NV - Key offerings
- Exhibit 128: Koninklijke DSM NV - Segment focus
- 10.9 Nestle SA
- Exhibit 129: Nestle SA - Overview
- Exhibit 130: Nestle SA - Business segments
- Exhibit 131: Nestle SA - Key news
- Exhibit 132: Nestle SA - Key offerings
- Exhibit 133: Nestle SA - Segment focus
- 10.10 Spirax Sarco Engineering plc
- Exhibit 134: Spirax Sarco Engineering plc - Overview
- Exhibit 135: Spirax Sarco Engineering plc - Business segments
- Exhibit 136: Spirax Sarco Engineering plc - Key offerings
- Exhibit 137: Spirax Sarco Engineering plc - Segment focus
- 10.11 Tata Sons Pvt. Ltd.
- Exhibit 138: Tata Sons Pvt. Ltd. - Overview
- Exhibit 139: Tata Sons Pvt. Ltd. - Business segments
- Exhibit 140: Tata Sons Pvt. Ltd. - Key offerings
- Exhibit 141: Tata Sons Pvt. Ltd. - Segment focus
- 10.12 Tate and Lyle Plc
- Exhibit 142: Tate and Lyle Plc - Overview
- Exhibit 143: Tate and Lyle Plc - Business segments
- Exhibit 144: Tate and Lyle Plc - Key news
- Exhibit 145: Tate and Lyle Plc - Key offerings
- Exhibit 146: Tate and Lyle Plc - Segment focus
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 147: Inclusions checklist
- Exhibit 148: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 149: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 150: Research methodology
- Exhibit 151: Validation techniques employed for market sizing
- Exhibit 152: Information sources
- 11.5 List of abbreviations
- Exhibit 153: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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