Fortified Food Market - Forecast(2021 - 2026)

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Fortified Food Market Overview

Fortified Food Market size is estimated to reach $112.25 billion in 2019, growing at a CAGR of 6.3% during the forecast period 2020-2025. Foods enriched with additional nutrients like vitamins and minerals to meet nutrient-rich diet are Fortified foods. It is done by using a process called fortification. Fortification involves intentional increase of a necessary micronutrient by adding vitamins and minerals to the food. With change in nutrition intake, many healthcare personnel recommend patients/consumers to consume fortified foods in order to meet daily nutrition requirements. The food fortification need is identified, at various levels in the global economies starting from consumption in homes to government initiatives.

Fortified Food Market Report Coverage

The report: “Fortified Food Market Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Fortified Food Market. 

By Raw Material Type: Flours, Rice, Salt, Milk, Others
By Nutrient Type: Proteins & amino acids, Vitamins, Carbohydrates, Prebiotics & probiotics, Lipids, Minerals, and others.
By Application: Dairy & Dairy-Based Products, Cereals & cereal-based products, Infant formula, Fats & oils, Dietary supplements, Beverages, and others.
By Technology: Drying, Extrusion, Coatings and others 
By Distribution Channel: Offline and Online
By Geography: North America, Asia-Pacific, Europe, Rest of World

Key Takeaways

  • Geographically, North America accounted for the highest revenue share in 2019 owing to the high intake of fortified foods across the region.
  • Fortified Food based on Nutrient type has vitamins segment leading the market share in 2019.
  • Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Fortified food Market report.
  • The production of fortified food requires high investment, which is set to act as a challenge to hamper the growth for the forecast period 2020-2025.

By Nutrient Type - Segment Analysis

The Application segment of Fortified Food Market has proteins & amino acids, vitamins, carbohydrates, prebiotics & probiotics, lipids, minerals, and others. The vitamins is sub segmented into Vitamin A, C, D, Riboflavin and others. The Vitamins segment register for the highest market share in 2019, and is set to grow during the forecast period (2020-2025). The increase in revenue is with rise in diseases such as osteoporosis and rickets owing to vitamin deficiency, and the increasing healthcare cost. The probiotics segment is set to grow with a CAGR of 5.7% during the forecast period 2020-2025. The increase in chronic diseases are the reason for this sudden growth.

By Application - Segment Analysis

The global Fortified Food Market based on application, has infant formula, dairy & dairy-based products, cereals & cereal-based products, fats & oils, beverages, dietary supplements and others. The dietary supplements segment registers for the highest market share in 2019 and is set to continue for the forecast period (2020-2025). The reason for growth is owing to the health benefits that the supplements offer. The growth of population who are concentrating on fitness is also driving the supplements segment. 

By Geography - Segment Analysis
The global Fortified Food Market by geography covers North America, Europe, Asia Pacific and Rest of the World. The global Fortified Food Market has the dominant share in North America, in terms of revenue in 2019. North America holds largest market share of 48% owing to the strong demand from consumers for processed foods and healthy eating habits in the region. The market in Asia-Pacific is set to grow with highest CAGR during the forecast period 2020-2025. The growth is owing to the increase in demand of nutrition rich foods. The growing awareness of nutrition awareness in countries like China and India is set to drive the market. 

Drivers – Fortified Food Market

  • Health Consciousness  

The Fortified Food is better source of nutrition that are required to every day work. The Food and Agricultural Organization (FAO) and the World Health Organization (WHO) has recognized food fortification as one of the key strategies to reduce the widespread malnutrition, particularly in underdeveloped countries. Besides, the increase in the health consciousness among consumers and the support of government organizations is driving the demand for Fortified Food in the forecast period 2020-2025. 

Challenges – Fortified Food Market

The issues related to license, and Increase in supervisory from the food safety department and health risks owing to excessive addition of a few minerals and vitamins in the food products are the challenges for the growth of the global fortified food market for the forecast period 2020-2025. 

Fortified Food Industry outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Fortified Food Market. Key companies of this market are Dean Foods Company, Kraft Foods Inc., Kellogg Company, Meiji Holdings Company, Ltd., Nestlé S.A., Unilever Company, BASF SE, General Mills Inc., Tata Chemicals Limited, Mondelez International, and Cargill Incorporated.

Acquisitions/Product Launches:

  • In 2019, Nestle S.A. acquired a new food fortification technology from researchers to address the nutritional deficiency in New Zealand.
  • In 2018, Nestle S.A. opened a production unit to expand its range of fortified powdered milk in Cameroon. 

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1. Fortified Food Market - Overview
    1.1 Definitions and Scope
2. Fortified Food Market - Executive Summary
    2.1 Market Revenue and Key Trends 
    2.2 Key trends by Type
    2.3 Key trends by Application
    2.4 Key trends by Distribution Channel
    2.5 Key trends by Geography
3. Fortified Food Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies 
    3.4 Patent Analysis 
    3.5 Pricing Analysis
4. Fortified Food Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Fortified Food Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Fortified Food - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Fortified Food Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle 
8. Fortified Food Market – By Raw Materials (Market Size –$Million/$Billion)
    8.1 Flours
        8.1.1 Corn Flour
        8.1.2 Wheat Flour
        8.1.3 Rice Flour
    8.2 Rice
    8.3 Salt
    8.4 Milk
    8.5 Others
9. Fortified Food Market – By Nutrient Type (Market Size –$Million/$Billion)
    9.1 Proteins & amino acids
    9.2 Vitamins
        9.2.1 Vitamin A
        9.2.2 Vitamin D
        9.2.3 Vitamin C
        9.2.4 Riboflavin
        9.2.5 Others
    9.3 Lipids
    9.4 Prebiotics & probiotics
    9.5 Carbohydrates
    9.6 Minerals
    9.7 Others 
10. Fortified Food Market – By Application (Market Size –$Million/$Billion)
    10.1 Infant formula
    10.2 Dairy & Dairy-Based Products
    10.3 Cereals & cereal-based products
    10.4 Fats & oils
    10.5 Beverages
    10.6 Dietary supplements
    10.7 Others
11. Fortified Food Market – By Technology (Market Size –$Million/$Billion)
    11.1 Drying
        11.1.1 Oven Drying
        11.1.2 Drum Drying
        11.1.3 Spray Drying
    11.2 Extrusion
    11.3 Coatings
    11.4 Others
12. Fortified Food Market – By Distribution Channel (Market Size –$Million/$Billion)
    12.1 Offline
        12.1.1 Supermarkets
        12.1.2 Convenience Stores
        12.1.3 General Stores
        12.1.4 Others
    12.2 Online
13. Fortified Food Market - By Geography (Market Size –$Million/$Billion)
    13.1 North America
        13.1.1 U.S.
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 U.K.
        13.2.2 Germany
        13.2.3 France
        13.2.4 Italy
        13.2.5 Spain
        13.2.6 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 India
        13.3.3 Japan
        13.3.4 South Korea
        13.3.5 Australia & New Zealand
        13.3.6 Rest of Asia-Pacific
    13.4 Rest of the World
        13.4.1 Middle East
        13.4.2 Africa
        13.4.3 South America
14. Fortified Food Market - Entropy
15. Fortified Food Market – Industry/Segment Competition Landscape   Premium 
    15.1 Market Share Analysis
        15.1.1 Global Market Share – Key Companies
        15.1.2 Market Share by Region – Key companies
        15.1.3 Market Share by Countries – Key Companies
        15.1.4 Best Practices for Companies
16. Fortified Food Market – Key Company List by Country Premium Premium
17. Fortified Food Market Company Analysis
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10
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