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Food Fortification Ingredients Market By Product Type (Vitamins, Vitamins, Minerals, Carbohydrates, Prebiotics, Probiotics), By Application (Food & Beverages, Dietary Supplements, Animal Nutrition) - Growth, Future Prospects, And Competitive Analysis, 2017-2025

Food fortification ingredients are generally recognized as safe ingredients that are added to foods, beverages, and other edible products to provide functionality and health benefits while also supporting the shelf life of the products. The food fortification ingredients identified for the study include vitamins, minerals, carbohydrates, probiotics, prebiotics, and others, which are added to the food and beverages during the manufacturing process.

Furthermore, market giants such as Cargill and Kerry are increasingly researching and developing fortification ingredients for various foods and other edible products. Dietary supplements and animal nutrition products are also fortified with essential micronutrients such as vitamins, minerals, etc.

In terms of product type, in 2016, vitamins accounted for over 50% of the global market in terms of revenue and were projected to maintain their hold during the forecast period of 2017 to 2025 due to increasing health concerns and preventive measures towards health, clubbed with demand for functional and convenience food products across the globe. The minerals segment is the second largest market and possesses essential micronutrients that are used in food and beverages, as standard food products are not always packed with essential minerals. Minerals segments are expected to grow at a moderate pace during the forecast period.

Of the global food fortification ingredients market by application, in 2016, food and beverage applications accounted for the largest share of around 50% in terms of value, owing to the high consumption of fortification ingredients in daily food products to ensure proper nutrition for consumers. It is also projected to grow at the highest CAGR during the forecast period of 2017 to 2025. Food and beverage applications are followed by others that include fats and oils; they are expected to grow at a significant rate as consumer awareness about health benefits and the need for healthy oils and fats in daily food products grows.

In 2016, the food fortification ingredients market by region was dominated by North America, which accounted for around 36% of the market share in terms of value. Europe and Asia-Pacific followed North America. Asia-Pacific, being the emerging market, is projected to exhibit the highest growth between 2017 and 2025. This growth is attributed to emerging markets such as China, Japan, and India, thanks to the continuous support from local manufacturers and government organizations.

With the rise in the use of fortification ingredients in daily food and beverages, functional foods, and infant nutrition products, the food manufacturers' players are focusing on identifying new micronutrients and developing innovative solutions for the end product manufacturers, such as Nestle and Abbott. Some of the key players present in this market are Cargill, ADM, Kerry Group, Ingredion, and DuPont, among others.

The report titled "Global Food Fortification Ingredients Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global food fortification market along with the market size and estimates for the duration of 2017–2025. The said research study covers an in-depth analysis of multiple market segments based on product type, application type, and a cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.The report also includes profiles of the leading aerospace composites manufacturers, as well as their product portfolios and key developments, to assist strategic decision-makers.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the food fortification ingredients industry
  • Market drivers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global food fortification ingredients market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

For the purpose of this study, the global food fortification market by product type is categorized into:

  • Vitamins
  • Minerals
  • Carbohydrates
  • Prebiotics
  • Probiotics
  • Others

In 2016, on the basis of product type, the food fortification market was dominated by the vitamin segment. This segment is projected to witness a growth of 16.0% between 2017 and 2025. The vitamin segment is followed by the minerals segment, which accounted for approximately 17% of the market in 2016. Factors such as rising consumer demands for dietary and functional foods, increasing manufacturer focus on improving food quality, increasing prevalence of chronic diseases, and rising consumer awareness are expected to drive the growth of the food fortification ingredients market during the forecasted period. Other segments include proteins, amino acids, etc.

For the purpose of this study, the global food fortification ingredients market by application is categorized into:

  • Food and Beverages
  • Dietary Supplements
  • Animal Nutrition
  • Others (fats and oils, etc.)

Food fortification ingredients are ingredients that can be added to edible products to extend their shelf life while also providing various health benefits. Food and beverages are expected to account for more than 50.0% of the value share in 2016 and to remain dominant by 2025. Increased usage of food fortification ingredients, especially in processed food products and cereal products, is expected to drive segment growth over the forecast period. The others, including fats and oils, are estimated to account for a considerable share in 2016 due to the increasing number of people focusing on other food-fortification products.

The usage of food fortification ingredients is subject to specific amounts for different applications, such as food and beverages and infant nutrition. The dosage of food fortification ingredients is governed and controlled by various food regulatory bodies.

On the basis of geography, the global food fortification market is segmented into the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America
  • Middle East and Africa
  • GCC
  • South Africa
  • Rest of the Middle East and Africa

North America is the largest market, with a share of approximately 36.0%, in terms of value, of the global market in 2016, followed by Asia-Pacific. Increasing demand for healthy products, meal replacement beverages, and dietary supplement products among consumers in this region is driving demand for food fortification ingredients. The U.S. will be contributing the largest share of the North American food fortification ingredients throughout the forecast period. Asia-Pacific is the fastest-growing region owing to high demand from economies such as China, Japan, and India. Due to a thriving food industry, growing consumer awareness, and intervention in food technology, China and Japan, in particular, are expected to grow significantly over the forecast period. Manufacturers also see significant opportunities in emerging Southeast Asian markets, including Indonesia and Vietnam.

Frequently Asked Questions:

The market for Food Fortification Ingredients Market is expected to reach US$ 100.84 Bn By 2025.

The Food Fortification Ingredients Market is expected to see significant CAGR growth over the coming years, at 14.5%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Cargill, ADM, Kerry Group, Ingredion, and DuPont are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Sep 2017
Category:  Food & Beverage
Report ID:   58680
Report Format:   PDF
Pages:   120
Rating:    4.3 (60)
Delivery Time: 24 Hours to 48 Hours   
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