The global fortified food market is on track to achieve a value of USD 257,715 million by 2033, expanding at a robust compound annual growth rate (CAGR) of 6.2% throughout the forecast period. The growing awareness among consumers in industrialized economies about the health benefits of fortified foods is significantly driving this market.
Significant advancements have been made in food fortification across Africa, with numerous countries endorsing staple food fortification to combat and control micronutrient deficiencies. This effort includes capacity building and system strengthening initiatives to enhance the effectiveness of fortification programs.
Fortified foods, including various condiments, are those enhanced with added micronutrients to boost their nutritional value and improve health outcomes while posing minimal health risks. The addition of these nutrients helps restore those lost during processing and enhances the nutritional quality of staple foods.
The World Health Organization (WHO) and the Food and Agriculture Organization (FAO) define food fortification as the deliberate addition of essential micronutrients and vitamins to food to increase its nutritional value. This practice is gaining momentum, particularly in emerging economies in Asia and the Pacific, as well as in developed regions like North America, which continue to drive demand for these products.
As chronic diseases and nutrient deficiencies become more prevalent, consumers are increasingly seeking foods that provide essential nutrients and support specific health goals. Fortified foods, being convenient, marketable, and strategically positioned, are experiencing growth driven by modern trade outlets.
Manufacturers are developing a diverse range of fortified foods to cater to varying consumer preferences and dietary restrictions, including vegan, gluten-free, and dairy-free options. These products are also incorporating functional ingredients such as probiotics, prebiotics, antioxidants, and botanical extracts, which offer additional health benefits like improved gut health, enhanced immunity, and disease prevention.
Advancements in drying technologies, including freeze-drying, spray drying, and vacuum drying, are expected to enhance the efficiency, cost-effectiveness, and nutrient retention of fortified foods. These innovations are likely to make fortified foods produced through these methods more appealing to consumers.
Key Takeaways from the Market Study
- The fortified foods market is estimated to reach US$ 207,352.6 million by 2032.
- A CAGR of 2.5% was recorded between 2018 and 2022 for fortified foods.
- Japanese sales accounted for 5% of the global market in 2022.
- According to analysts, the market for fortified foods in the United Kingdom grew by 2.5% in 2022.
- The micronutrient market for vitamin D is forecast to dominate during the forecast period.
- Yogurt with added vitamins is expected to gain popularity in the coming years.
Key Companies Profiles
- Nestlé S.A.
- BASF SE
- General Mills
- Tata Chemicals Limited
- Mondelez International
- Cargill Incorporated
- Danone
- Bühler AG
- Bunge Limited
- Unilever PLC
- Koninklijke DSM NV
- Stern-Wywiol GmbH & Co.KG
- Aria Foods
- Nutritional Holdings (Pty) Limited
- Dr. Paul Lohmann GmbH KG Chemische Fabrik
- Wright Enrichment Inc.
- Gastaldi Hermanos
- Sinokrot Global
- Ufuk Kimya llac Sanayi Ve Ticaret Limited Sirketi
- Corbion NV
Fortified Foods Market by Category
By Raw Material:
- Flours
- Rice Flour
- Wheat Flour
- Corn Flour
- Rice
- Salt
- Milk
- Oil
- Sugar
By Micronutrients:
- Vitamins
- Vitamin A
- Vitamin B
- Vitamin C
- Vitamin D
- Other Vitamins
- Minerals
- Calcium
- Iron
- Zinc
- Iodine
- Other Minerals
- Ther Fortifying Nutrients
By Application:
- Basic Food
- Cheese
- Butter
- Yoghurt
- Others
- Processed Food
- Extruded Products
- Powdered Products
- Value added Food
- Condiments
- Juice
By Technology:
- Drying
- Oven Drying
- Drum Drying
- Spray Drying
- Extrusion
- Coating & Encapsulation
- Others
By Sales Channel:
- Modern Trade
- Online Sales
- Neighborhood Stores
- Other Retail Format
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa
Report preview: https://www.futuremarketinsights.com/reports/fortified-food-market
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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.
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