Global Food Fortification Market is set to expand an expected CAGR of 2.7% until 2034 | Future Market Insights, Inc.

FMI forecasts a booming food fortification market, driven by rising awareness of malnutrition. Collaboration between governments and food companies to fortify staple foods addresses deficiencies and promotes public health. Gain a deeper market understanding – explore our comprehensive report.

NEWARK, Del., April 29, 2024 /PRNewswire/ -- The food fortification market size is to be valued at US$ 106.7 billion by 2024. The market valuation is estimated to be US$ 286 billion by 2034, projected at a CAGR of 10.4%.

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The food fortification market stands as a beacon of innovation and public health, leveraging fortified foods and beverages to address nutritional deficiencies and enhance overall well-being and imposes marketing strategies for promoting fortified food products to health-conscious consumers.

A surge in awareness of malnutrition and its impact on public health has spurred government initiatives and industry collaborations to fortify staple foods with essential nutrients. Consumer demand for functional foods and personalized nutrition solutions has fueled innovation in fortification techniques and product formulations, driving market expansion and diversification.

Food Fortification industry also faces challenges and opportunities for fortifying plant-based alternatives. Regulatory complexities and inconsistencies across different regions pose hurdles for market players, requiring compliance efforts and adaptability to navigate varying regulatory landscapes.

Consumer skepticism and misinformation regarding fortified foods may hinder adoption rates, highlighting the importance of education and transparency in fortification initiatives.

Opportunities lie in innovation, education, and expanding market reach to underserved populations, while threats include regulatory hurdles, competitive pressures, and misinformation about fortified foods.

Report Scope

Key Takeaways from the Market Study

• Based on the type, the proteins and amino acids segment is registered at a CAGR of 10.2% by 2034.
• The United States is expected to register at a CAGR of 10.7% by 2034.
• The United Kingdom registers significant growth, projected at a CAGR of 11.7% by 2034.
• Based on process, the drum dying segment is registered at a CAGR of 10% by 2034.

"The ascending prevalence of malnutrition and related health concerns globally. As the driver underscores the importance of fortification initiatives in combating malnutrition and promoting public health, propelling demand for fortified foods and beverages across various demographics and geographical regions of the industry," says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

Competitive Landscape

The food fortification ecosystem boasts a competitive landscape characterized by multinational corporations like Nestlé, Kellogg's, and General Mills alongside regional players.

Intense competition drives innovation and collaboration, with a focus on expanding product portfolios and meeting diverse consumer preferences for fortified foods and beverages.

Some of the key developments are:

• In 2021, Evolve BioSystems invested in Cargill and Manna Tree to advance its pioneering probiotic technology aimed at bolstering infant gut health. This partnership fueled research and development efforts in California, with a primary focus on optimizing the health and well-being of newborns through innovative probiotic solutions.
• In 2022, FMC Corporation unveiled a groundbreaking technology aimed at revolutionizing the food fortification market. This development introduced a novel approach to fortifying staple foods with essential nutrients, enhancing their nutritional value, and addressing global malnutrition challenges.

Purchase now and gain full access to the Food Fortification Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.

More Valuable Insights Available

Future Market Insights offers an unbiased global food fortification market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand market opportunities, the food fortification market is segmented based on Type (Proteins & Amino Acids, Vitamins, Lipids, Prebiotics & Probiotics, Carbohydrates, Minerals, Others), Process (Drum Dying, Dusting), Application (Infant Formula, Dairy & Dairy-Based Products, Cereals & Cereal-Based Products, Fats & oils, Beverages, Dietary Supplements, Others), and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).

About the Food and Beverage Team at Future Market Insights

The food and beverage team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and one billion+ data points, the team has analyzed the industry lucidly in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.

About the Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results. Another feather to her cap manifests in the form of process automation. She is vocal about bringing automation to the fore to bring a 360-degrees-round revolution in manufacturing sector.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading market intelligence and consulting service provider, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, the U.S., and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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