Global Opportunities & Challenges in Food Fortifying Agents Market , Forecast, 2016-2024
Global Food Fortifying Agents Market: Overview
The activities people perform in their entire day will determine the types and amounts of nutrients they will need. Nutrients are naturally consumed through the food we intake. In addition, it can be consumed via fortified foods. Fortified foods are foods that add extra nutrients in the diet. Food fortifying agents enhance nutrient value of the food products. Food fortification is proved safe and an effective way to improve food nutrient value. Food producers are focusing on chief food fortifying agents in order to gain a competitive edge. For example, cereal may fortify with iron; milk fortified with vitamin D, pasta could be fortified with folic acid, and so on.
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Global Food Fortifying Agents Market: Growth Factors
Increasing demand for food fortification agents to improve nutrient value of the food and beverages products is anticipated to foster the global food fortifying agents market growth. The demand for the food fortifying agents increasing in the geriatric population may lead the global market growth in the next few years. In addition, increasing the purchasing power of the population may show higher growth in the global food fortifying agents market. Another factor that is responsible for the global market growth is the various usage of food fortifying agents as salts, minerals, and vitamins. Moreover, fortification process is getting easier with the advent of innovative technologies; it may assist to enhance food nutrient value.
Global Food Fortifying Agents Market: Segmentation
The global food fortifying agents market is divided on the basis of types as proteins & amino acids, lipids prebiotics, probiotics vitamins, carbohydrates, and minerals. Of these, the probiotic segment is growing substantially as it consists of essential nutrients due to increasing chronic diseases. Further, the global food fortifying agents market is categorized based on applications as infant formula, cereals & cereal-based products, fats & oils, dietary supplements, beverages, dairy and dairy-based products, bulk food items, and others. Furthermore, the geographical segmentation of the global market is North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
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Global Food Fortifying Agents Market: Regional Analysis
North America is the leading region in the global food fortifying agents market, due to changing consumer eating habits. However, Asia Pacific is growing at a faster rate to grab the major market. Growth in the region is mainly due to increase in per capita income. Moreover, fortification of sugar with vitamin A has enormously reduced the prevalence of hypovitaminosis A in Central America. Increasing awareness among the population in the Middle East may also boost the global food fortifying agents market growth in the future.
Global Food Fortifying Agents Market: Competitive Players
Key players in the global food fortifying agents market are Royal DSM, Ingredion, CHR. Hansen Holdings A/S, The Archer Daniels Midland Company, Nestle SA, and Tate & Lyle. Other major players include Arla Foods, Incorporated, E. I. du Pont de Nemours and Company, BASF SE, and Cargill.
Global Food Fortifying Agents Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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