The latest market report published by Credence Research, Inc. “Food Fortification Ingredients Market, By Product Type (Minerals, Vitamins, Carbohydrates, Probiotics, Prebiotics and Others), By Application (Food & Beverages, Animal Nutrition, Dietary Supplements, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, & Middle East & Africa) - Growth, Future Prospects and Competitive Analysis, 2017 - 2025,” the global food fortification Ingredients market was valued at US$ 30.50 Bn in 2016, and is expected to reach US$ 100.84 Bn by 2025, expanding at a CAGR of 14.5% from 2017 to 2025.
Browse the full Food Fortification Ingredients Market - Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/food-fortification-ingredients-market
Market Insights
Food fortification is also referred as food enrichment. Food enrichment is the process of adding nutrients to the food at higher levels than the original food provides. Food fortification ingredients find its application in dairy, confectionary, prepared foods, cereal & cereal products, dietary supplements, infant nutrition, animal nutrition, and other application. Shift in trends towards the healthy life, consumers are preferring fortified foods which has higher nutritional value.
With the advent of new technologies in food sector and development of food science, the food fortification ingredients market is experiencing positive growth in terms of innovation and application of food fortification ingredients. The usage limit of food fortification ingredients varies in different applications, such as food and beverages and infant nutrition. The regulatory bodies in every region decides the permissible limit of fortification ingredients to be used in different edible products.
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Competitive Insights
Food fortification Ingredients market is highly competitive and fragmented with large numbers of players at local and regional level. Manufacturers are mainly focusing on new product launch to widen their product portfolio. Key players such as Cargill, Inc. (U.S.), Royal DSM (The Netherlands), CHR. Hansen Holdings A/S (Denmark), E. I. du Pont de Nemours and Company (U.S.), BASF SE (Germany), Arla Foods (Denmark), Tate & Lyle (U.K.), Ingredion (U.S.), The Archer Daniels Midland Company (U.S.), and Nestle SA (Switzerland).
Key Trends
- Emerging economies offering huge growth opportunities
- Huge price differences in fortified vs non-fortified products
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