Uploaded on Mar 15, 2021
The emerging market opportunities for food fortification appear to be conducive for the acceptance of convenience food in Europe and North America region. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on global food fortification Market Research Report- Forecast to 2023 that the market will demonstrate an exceptional CAGR % while achieving million dollar growth readily in the forecast period.
Food Fortification Market Research Report 2022
FOOD FORTIFICATION MARKET
REPORT 2022
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2022
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
FOOD FORTIFICATION MARKET 2020
Food Fortification Market 2020: Industry Survey, Growth,
Competitive
Landscape and Forecasts to 2023
The emerging market opportunities for food fortification appear to be conducive for the acceptance of convenience food in Europe
and North America region. Market Research Future, a firm which specializes in market reports related to the Food, Beverages &
Nutrition sector among others, recently forecasted in its report on global food fortification Market Research Report- Forecast to
2023 that the market will demonstrate an exceptional CAGR % while achieving million dollar growth readily in the forecast period.
Fortified food offer extra micronutrients which includes essential trace elements and different vitamins. Fortification of food
involves the process of adding micronutrients to juices which are generally consumed by consumers of different age. Fortified food
offers diverse range of products, enriched with various nutrients. The global fortified energy bar market is anticipated to be driven
by the increasing awareness of nutrients such as proteins, fat, carbohydrates and others. Also, sports nutrition industry is expected
to play a significant role in the growth of food fortification market during the forecast period. Additionally, the advancement in
product development coupled with the technological advancements is considered to be one of the significant reasons for the
increasing growth of food fortification market during the review period of 2017-2023. Due to busy lifestyles, consumers are
looking for convenient food products which fulfil the nutrient requirement of the body. This will, in turn, escalate the sales of food
fortification in the upcoming decade.
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FOOD FORTIFICATION MARKET 2020
Latest Industry Updates
• May 2017 Nestle India introduced “iron fortified” maggi noodles
• October 2017 Kellogg India launched Chocos Fills. The product provides protein
and fibre and is fortified with essential B vitamins.
• September 2017 Nestlé USA is planning to acquire Sweet Earth in order to
increase the plant based fortified food
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FOOD FORTIFICATION MARKET 2020
Regional Analysis
The global food fortification market is segmented into North America, Europe, Asia Pacific and Rest of the World. Among all the
region, North America is estimated to retain its dominance throughout the forecast period of 2017-2023 followed by Europe. This
is attributed to the increasing awareness of the healthy food habits and increasing disposable income of consumers. Also, new
flavors and various innovative products are introduced by key players in the North American region which is playing a major role
to upsurge the sales of fortified food in the recent time. Among the North American countries, U.S. is accounting for more than 80%
of the market proportion in the North America region. However, Asia Pacific region is estimated to expand at a high pace during
the forecast period of 2017-2023. The growth of the Asia Pacific region is attributed to the increasing per capita disposable income
of the consumer coupled with the acceptance of new product. Consumers are ready to pay extra amount to obtain good quality
products. Moreover, consumers in Asia Pacific becoming more conscious of their food habit which in turn accelerates the food
fortification in the Asia Pacific region especially in India & China.
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https://www.marketresearchfuture.com/reports/food-fortification
-market-2528
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FOOD FORTIFICATION MARKET 2020
Application & Major Players in this Research:
Food Fortification Market Prominent Players:
• Nestle SA (Switzerland)
• Kellogg Co. (U.S.)
• Dean Foods (U.S.)
• Altria Group (U.S.)
• Kraft Foods (U.S.)
• General Mills (U.S.)
• Campbell Soup Company (U.S.)
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st/2528
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