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Food Fortifying Agents Market Size

Report ID: GMI6727
Published Date: Sep 2023
Report Format: PDF

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Food Fortifying Agents Market Size

Food Fortifying Agents Market was valued at USD 83.80 billion in 2023 and is estimated to expand at over 7.8% CAGR from 2024 to 2032. Increased awareness of nutritional deficiencies and their impact on health drives demand for fortified foods. Growing interest in maintaining a healthy lifestyle and preventing chronic diseases fuels the demand for nutrient-rich foods.

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The aging global population seeks foods that support bone health, cognitive function, and overall well-being, driving demand for fortified products. Fortification of foods with essential vitamins and minerals is crucial for prenatal and child health, driving demand for fortified infant formulas, baby foods, and maternal supplements.

Food Fortifying Agents Market Report Attributes
Report Attribute	Details
Base Year:	2023
Food Fortifying Agents Market Size in 2023:	USD 83.8 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	7.8%
2032 Value Projection:	USD 164.5 Billion
Historical Data for:	2018 to 2023
No. of Pages:	150
Tables, Charts & Figures:	191
Segments covered:	Increasing consumer awareness on health benefits
Growth Drivers:	Increasing consumer awareness on health benefits Growing food industry Rising population
Pitfalls & Challenges:	Overfortification and Imbalance Nutrient Interactions Bioavailability Concerns

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Excessive fortification can lead to nutrient imbalances, potentially causing adverse health effects. Striking the right balance is crucial to avoid these risks. Certain nutrients can interact with each other, affecting their absorption or efficacy. Understanding these interactions and optimizing formulations is challenging. Some fortified nutrients might not be well-absorbed by the body, limiting the effectiveness of fortification efforts.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of food fortifying agents was worth USD 83.80 billion in 2023 and is set to reach USD 164.5 billion by 2032, due to the increasing awareness of nutritional deficiencies and their impact on personal health worldwide.

The vitamins type segment recorded USD 39.1 billion in 2022, on account of the growing number of consumers seeking to address nutritional gaps and enhance overall health.

U.S. market size was worth USD 27.4 billion in revenue in 2022, owing to the growing demand for foods and beverages fortified with essential vitamins, minerals, and other nutrients among consumers in the region.

BASF SE, DSM Nutritional Products, Archer Daniels Midland Company (ADM), Cargill, Incorporated, Ingredion Incorporated, Kerry Group, Lonza Group, Tate & Lyle PLC, Glanbia Nutritionals, and Nutra Food Ingredients LLC are some of the major food fortifying agents companies worldwide.