The global fortifying agents market is set to witness growth at a CAGR of 7.7% and is anticipated to reach a valuation of around US$ 168.9 Billion by 2032.
The market for fortifying agents is driven by rising consumer demand for nutritional supplements and healthy foods. Manufacturers are increasingly using fortified agents in their products as consumers become more aware of the benefits of dietary supplements with fortified nutrients for general human body development.
Tap into Market Opportunities and Stay Ahead of Competitors – Get Your Sample Report Now: https://www.futuremarketinsights.com/reports/sample/rep-gb-14899
Additionally, Iron deficiency anemia can be prevented by fortifying wheat and maize flour with zinc, iron, folic acid, and other minerals (IDA). Milk fortification aids in the recovery of micronutrients lost during the milk manufacturing process. The amount of micronutrients in food can be enhanced by fortification. The market demand is also expanding as a result of this.
Furthermore, one of the primary factors driving the growth of the nutritional food industry is the rising popularity of fortifying and nutritious food additives. Another factor driving the growth of the nutritional food market is increased public knowledge of the health advantages of prebiotics and probiotics. Growing demand for dietary supplements, as well as rising personal disposable income, would provide profitable growth prospects in the nutritional food sector.
Key Takeaways from Market Study
- The market is segmented based on agent type, wherein vitamin is anticipated to account for around 21.2% of the market share over the forecast period.
- The North American Fortifying Agents market is expected to witness a lucrative growth rate of 7.0% during the forecast period.
- East Asia is inferred to account for 22.4% of the global fortifying agent’s consumption through 2032.
- Fortifying Agents application in Beverages is expected to hold a market share of over 15.2% in the forecast period
Click to get Customized Report
https://www.futuremarketinsights.com/customization-available/rep-gb-14899
“The market is driven by the multifunctionality of fortifying agents, as well as the increased demand from the food and beverage industry. However, rising raw material costs and rivalry among raw material suppliers, as well as rules governing the manufacture of food fortifying agents, are putting a damper on the market.” says a Future Market Insights analyst.
Competitive Landscape
Joint ventures, mergers & acquisitions, and other strategic initiatives are continually being pursued by market participants. Among the large firms trying to increase their global footprints and capacities are Archer Daniels Midland Company, and Royal DSM. In a fast-growing region like East Asia and South Asia, major firms are likewise attempting to diversify their product lines to get a competitive advantage over their competitors.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global fortifying agents market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on agent type (probiotics, minerals, prebiotics, vitamins, carbohydrates, others), by form (powder, liquid, and granules), by application ((cereals & cereal-based products, dairy & dairy-based products, fats & oils, bulk food items, beverages, infant formula, dietary supplements, others (bakery, confectionery products, pet food, animal feed, and pet nutrition)) across seven major regions of the world.
Embrace Smarter Choices With Our Methodology-Derived Insights: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-14899
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube