Stratistics MRC’s Global Fortified Food Market value is expected to reach $375.72 million growing at a CAGR of 8.1% during 2023-2030.
Fortified Foods are foods that have additional nutrients added to them that are not naturally present. These foods are meant to improve nutrition and augment positive health effects. Additional microelements, such as important trace elements and a variety of vitamins, are provided through fortified meals. Typical diseases that are brought about by lack of nutrients such as rickets and pellagra have been practically removed through the intakes of fortified foods. Fortified foods provide scalable, affordable solutions to the global problem of nutritional deficiencies.
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North America is projected to have the highest CAGR over the forecast period. Due to the increasing number of chronic illnesses in this region, consumers are becoming more health conscious and converting to fortified foods and other better diet alternatives. According to the Centers for Disease Control and Prevention, heart disease is one of the leading causes of death in the United States, accounting for about 6,47,000 fatalities each year or one out of every four fatalities. As a result, the need for a healthy diet is expected to increase due to the increased incidence of cardiovascular disease and other diseases globally, which is driving the market for fortified foods over the forecast period.
Some of the key players profiled in the Fortified Food Market include General Mills, Nestle S.A., BASF SE, Unilever PLC, Stern-Wywiol Gruppe GmbH & Co. KG, Dean Foods, Cargill Incorporated, Danone, Arla Foods, Bunge Limited, Corbion NV., Koninklijke DSM NV, Gastaldi Hermanos, Tata Chemicals Limited, Nutritional Holdings (Pty) Limited, Dr. Paul Lohmann GmbH KG Chemische Fabrik, Wright Enrichment Inc., Buhler AG, Sinokrot Global and Campbell Soup Company.
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Key Developments:
In February 2023, Cargill Food Ingredients and Bioindustrials, through its acquired production unit at Nellore in Andhra Pradesh, plans to widen its customer base and distribution network in South India, with a new range of products.
In April 2021, BASF manufactures micronutrients for the fortification of staple foods, which meet exceptional requirements in stability and efficacy even under extreme climatic conditions. The fortification process varies from factory to factory and from small batch production to large plants with continuous production.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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