Press release
Fortified Foods Market Share, Trends, Demand, Opportunities and Market Forecast 2023-2030
Market expansion is aided by growing consumer knowledge of the significance of micronutrients in preserving health. Essential micronutrients can be effectively delivered with the help of fortified flours. Fortified food is becoming more and more popular worldwide, even in wealthy nations, which is expected to contribute to the market's growth over the next years.
Over the course of the forecast period, growing government measures to increase the supply of fortified food aid fuel market growth. For example, the Indian State Government increased the availability of fortified rice on June 5, 2023, in an effort to combat malnutrition. The government decided to offer fortified rice as a pilot project under the Poushtika Karnataka initiative.
Fortified Foods Market Size and Growth Analysis
The Global Fortified Foods Market reached US$ 193.5 billion in 2022 and is expected to reach US$ 310.7 billion by 2030, growing with a CAGR of 6.1% during the forecast period 2023-2030.
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Fortified Foods Market Dynamics
The market is growing because consumers are becoming more and more in demand for fortified foods to preserve overall health and lower the risk of certain chronic health disorders associated to lifestyle choices. People are increasingly choosing healthier options when it comes to food products that are enhanced with substances like proteins, fiber, micronutrients, and plant-based compounds. 42% of consumers in North America, 52% in Asia, and 33% in Europe are actively searching for fortified foods and beverages, according to data from the DSM consumers study conducted in 2022.
The market for healthy snacks is expanding due to the growing popularity of fortified foods that help with weight management, enhance digestive health, and lower the risk of obesity, diabetes, and cardiovascular disease.
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Fortified Foods Market Segmentation
By Raw Material
By Micronutrients
By Technology
By Distribution Channel
By Application
By Region
Major Companies Covered
Kraft Foods Inc., Kellogg Company, Meiji Holdings Company, Ltd., Nestle S.A., Unilever Company, BASF SE, General Mills Inc., Tata Chemicals Limited, Mondelez Internationa
Trending Report
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Flavored Tea Market: https://www.datamintelligence.com/research-report/flavored-tea-market
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Gluten-Free Malt Extracts Market: https://www.datamintelligence.com/research-report/gluten-free-malt-extracts-market
Coffee and Tea Capsules Market: https://www.datamintelligence.com/research-report/coffee-and-tea-capsules-market
Fortified Salts Market: https://www.datamintelligence.com/research-report/fortified-salts-market
Organic Beverages Market: https://www.datamintelligence.com/research-report/organic-beverages-market
Confectionery Ingredients Market: https://www.datamintelligence.com/research-report/confectionery-ingredients-market
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