Global Fortifying Agent Market - Forecast(2021 - 2026)

Report Code: FBR 42260 Report Format: PDF + Excel (Delivery in 48 Hrs)

Global Fortifying Agent Market Overview

The Global Fortifying Agent Market size is forecast to reach $37.81 billion by 2025, growing at a CAGR of 5.68% during the forecast period 2020-2025. The growing demand for healthy food, along with the increasing health awareness among consumers is the major factor driving the growth of the market. The rapid adoption of fortifying agents in the food processing industry for better functional and nutritious attributes is set to further enhance the overall market demand for the Global Fortifying Agent Market during the forecast period 2020-2025.

Report Coverage

The report: “Global Fortifying Agent Market Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Fortifying Agent Market.
By Type: Minerals, Vitamins, Carbohydrates, Proteins & Amino Acids, Prebiotics, Probiotic, and Others.
By Applications: Cereals & Cereal Based Products, Dairy & Dairy-Based Products, Fats & Oils, and Others.
By Geography: North America, Europe, Asia Pacific, and Rest of the World (RoW).

Key Takeaways

  • North America dominated the Global Fortifying Agent Market in 2019 owing to the low health-index and increasing spending pattern of consumers for fortified food items. 
  • Rapid innovations in the food fortifying industry and increasing awareness regarding the consumption of high-quality healthy foods coupled with alteration in health trends are likely to aid in the market growth of the Global Fortifying Agent Market.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Global Fortifying Agent Market report.
  • The high cost of food fortifying agents is poised to create hurdles for the Global Fortifying Agent Market.

Global Fortifying Agent Market Segment Analysis - By Type

The Amino Acid held the largest share in the Global Fortifying Agent Market in 2019 and is estimated to grow at a CAGR of 6.27% during the forecast period 2020-2025. Amino acids are the structural units that makeup protein. They join to form short polymer chains called peptides or longer chains called either polypeptides or proteins. These polymers are linear and unbranched, with each amino acid within the chain attached to two neighbouring amino acids. Vitamins are organic compounds that are needed in small quantities to sustain life. Most vitamins need to come from food as the human body either does not produce enough of them, or it does not produce any at all. Each organism has different vitamin requirements. The Amino Acid is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025.

Global Fortifying Agent Market Segment Analysis - By Applications

Dairy & Dairy-Based Products held the largest share in the Global Fortifying Agent Market in 2019. Dairy products are generally defined as food products that are produced from milk. They are rich sources of energy. Dairy products and alternatives such as calcium-fortified soy products are nutritious foods and provide benefits when consumed as part of a nutritionally balanced diet. Cereals and cereal products are significant and important human food resources and livestock feeds worldwide. The main cereal grains used for foods include corn (maize), wheat, barley, rice, oats, rye, millet, and sorghum. Dairy & Dairy-Based Products is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025.

Global Fortifying Agent Market Segment Analysis - Geography

North America dominated the Global Fortifying Agent Market in 2019 with a share of more than 37.40%, followed by the Asia Pacific owing to the rise in chronic diseases and obesity problem consumer prefers healthy food.

However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2020-2025 owing to the increasing awareness among consumers that dietary supplements with fortified nutrients are highly beneficial for the overall development of the human body is leading manufacturers to use fortified agents in their products.

Global Fortifying Agent Market Drivers

Rapid innovations in the food fortifying industry and increasing awareness regarding consumption of high quality healthy foods

Rapid innovations in the food fortifying industry and increasing awareness regarding the consumption of high-quality healthy foods are increasing the growth of the Global Fortifying Agent Market. High-quality foods include unrefined, minimally processed foods such as vegetables and fruits, whole grains, healthy fats, and healthy sources of protein. Losing weight can help to reduce the risk of chronic conditions. If a person is overweight or obese, they have a higher risk of developing heart disease, poor bone density, and cancers. Whole vegetables and fruits are lower in calories than most processed foods. A person looking to lose weight should reduce their calorie intake to no more than what they require each day. Maintaining a healthful diet free from processed foods can help a person to stay within their daily limit without having to count calories. Thus, increasing the growth of the Global Fortifying Agent Market during the forecast period 2020-2025.

Consumer prefer healthy food owing to the rise in chronic diseases and obesity problem

Consumer prefers healthy food owing to the rise in chronic diseases and obesity problem is increasing the growth of the Global Fortifying Agent Market. Coronary artery disease (CAD), ischemic stroke, diabetes, and some specific cancers, which until recently were common only in high-income countries, are now becoming the dominant sources of morbidity and mortality worldwide. Chronic diseases are largely preventable through a healthy lifestyle involving a balanced diet and regular physical activity, fat intake should represent 15 to 30% of total dietary energy intake, free sugars, such as those found in soft drinks and many processed foods, should account for less than 10% of total energy intake. In general, a lifestyle combining physical activity with food variety and social interaction is the best way to reduce the risk of developing chronic diseases. Thus, increasing the growth of the Global Fortifying Agent Market during the forecast period 2020-2025.

Global Fortifying Agent Market Challenges

The high cost of food fortifying agents

Some of the factors that are set to impede the growth of the Global Fortifying Agent Market are the high cost of food fortifying agents.

Global Fortifying Agent Market Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Global Fortifying Agent Market. In 2019, the Global Fortifying Agent Market share is consolidated by the top ten players present in the market. Global Fortifying Agent Market, the top 10 companies are DuPont, Kerry Group PLC, Associated British Foods PLC, Wiberg GmbH, Proliant Non-Meat Ingredients, Campus SRL, Wenda Ingredients, Laird Superfood, Advanced Food Systems, Inc., Aliseia SRL, and Redbrook Ingredient Services Limited among others.

Acquisitions/Product Launches

  • In November 2017, Laird Superfood has launched a powdered creamer, enriched with mineral complex Aquamin that compensates for tannin-induced absorption concerns.

1. Global Fortifying Agent Market - Overview
    1.1 Definitions and Scope
2. Global Fortifying Agent Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Type
    2.3 Key trends by Applications
    2.4 Key trends by Geography
3. Global Fortifying Agent 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 – Key Companies
    3.5 Pricing Analysis
4. Global Fortifying Agent 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. Global Fortifying Agent 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. Global Fortifying Agent 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. Global Fortifying Agent Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Global Fortifying Agent Market – By Type (Market Size –$Million/$Billion)
    8.1 Minerals
    8.2 Vitamins
    8.3 Carbohydrates
    8.4 Proteins & Amino Acids
    8.5 Prebiotics
    8.6 Probiotics
    8.7 Others
9. Global Fortifying Agent Market – By Applications (Market Size –$Million/$Billion)
    9.1 Cereals & Cereal Based Products
    9.2 Dairy & Dairy Based Products
    9.3 Fats & Oils
    9.4 Others
10. Global Fortifying Agent Market - By Geography(Market Size –$Million/$Billion)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Mexico
        10.1.3 Canada
    10.2 Europe
        10.2.1 U.K.
        10.2.2 France
        10.2.3 Germany
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Rest of Europe
    10.3 Asia Pacific
        10.3.1 China
        10.3.2 India
        10.3.3 Japan
        10.3.4 South Korea
        10.3.5 Australia & New Zealand
        10.3.6 Rest of APAC
    10.4 Rest of the World
        10.4.1 Middle East
        10.4.2 Africa
        10.4.3 South America
11. Global Fortifying Agent Market - Entropy
12. Global Fortifying Agent Market – Industry/Segment Competition Landscape Premium
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key companies
        12.1.3 Market Share by Countries – Key Companies
        12.1.4 Best Practices for Companies
13. Global Fortifying Agent Market – Key Company List by Country Premium Premium
14. Global Fortifying Agent Market Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

LIST OF FIGURES

1.US Global Fortifying Agent Market Revenue, 2019-2024 ($M)
2.Canada Global Fortifying Agent Market Revenue, 2019-2024 ($M)
3.Mexico Global Fortifying Agent Market Revenue, 2019-2024 ($M)
4.Brazil Global Fortifying Agent Market Revenue, 2019-2024 ($M)
5.Argentina Global Fortifying Agent Market Revenue, 2019-2024 ($M)
6.Peru Global Fortifying Agent Market Revenue, 2019-2024 ($M)
7.Colombia Global Fortifying Agent Market Revenue, 2019-2024 ($M)
8.Chile Global Fortifying Agent Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Fortifying Agent Market Revenue, 2019-2024 ($M)
10.UK Global Fortifying Agent Market Revenue, 2019-2024 ($M)
11.Germany Global Fortifying Agent Market Revenue, 2019-2024 ($M)
12.France Global Fortifying Agent Market Revenue, 2019-2024 ($M)
13.Italy Global Fortifying Agent Market Revenue, 2019-2024 ($M)
14.Spain Global Fortifying Agent Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Fortifying Agent Market Revenue, 2019-2024 ($M)
16.China Global Fortifying Agent Market Revenue, 2019-2024 ($M)
17.India Global Fortifying Agent Market Revenue, 2019-2024 ($M)
18.Japan Global Fortifying Agent Market Revenue, 2019-2024 ($M)
19.South Korea Global Fortifying Agent Market Revenue, 2019-2024 ($M)
20.South Africa Global Fortifying Agent Market Revenue, 2019-2024 ($M)
21.North America Global Fortifying Agent By Application
22.South America Global Fortifying Agent By Application
23.Europe Global Fortifying Agent By Application
24.APAC Global Fortifying Agent By Application
25.MENA Global Fortifying Agent By Application
26.E. I. Du Pont De Nemours and Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Kerry Group PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Associated British Foods PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Wiberg GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Proliant Non-Meat Ingredients, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Campus SRL, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Wenda Ingredients, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Advanced Food Systems, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Aliseia SRL, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Redbrook Ingredient Services Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Cargill Incorporated, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Hansen Holdings A/S, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Ingredion Incorporated, Sales /Revenue, 2015-2018 ($Mn/$Bn)