Food Fortifying Agents Market Size, Share, Trends, Industry Overview, and Leading Players

Food Fortifying Agents Market by Type (Minerals, Vitamins, Carbohydrates, Prebiotics, Probiotics), Application (Cereal & Cereal-based Products, Bulk Food Items), Process (Drum Drying, Dusting) and Region - Global Forecast to 2027
The global [https://www.globenewswire.com/en/news-release/2023/04/06/2642684/0/en/At-a-CAGR-of-10-1-Food-Fortifying-Agents-Market-Size-is-Anticipated-to-Cross-128-0-Billion-by-2027-Report-by-MarketsandMarkets.html] is projected to reach USD 128.0 Billion by 2027, growing at a CAGR of 10.1% from 2022 to 2027.The demand for food fortifying agents is driven by the increasing adoption of fortifying agents in various food & beverage, pharmaceuticals, dietary supplementand pet food manufacturing industries. Significant changes in the food fortifying agents industry over the last two decades have resulted in the high demand for dietary supplements, fats & oils, beverages, cereals & cereal-based products, dairy & dairy-based products and infant formula.

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The Evolution of the Food Fortifying Agents Market

Over the past few decades, the food fortifying agents market has undergone a significant transformation. What began as a simple process of adding iodine to salt to prevent goiter has evolved into a sophisticated industry that produces a wide range of additives to fortify foods with essential nutrients. The growth of the market can be attributed to a number of factors. One of the main drivers has been the increasing awareness about the importance of a balanced diet and the role that essential nutrients play in maintaining optimal health. With the rise of chronic diseases such as obesity and diabetes, consumers are becoming more interested in eating foods that are not only tasty but also good for them.

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1. Rising Demand for Nutrient-Enriched Foods: There is a growing demand for foods fortified with essential nutrients such as vitamins, minerals, and proteins, especially among health-conscious consumers. Manufacturers are increasingly fortifying staple foods like cereals, dairy products, and beverages to meet this demand.

2. Government Initiatives and Regulations: Many governments worldwide have implemented regulations mandating the fortification of certain food products to address specific nutritional deficiencies within their populations. These regulations are often aimed at improving public health outcomes and reducing the incidence of diseases related to malnutrition.

3. Innovations in Fortification Technologies: Advances in food processing and fortification technologies are enabling manufacturers to develop more effective and efficient methods for fortifying foods without compromising taste, texture, or appearance. This includes techniques such as microencapsulation, nanoencapsulation, and biofortification.

4. Growing Focus on Functional Foods: Consumers are increasingly seeking out functional foods that offer specific health benefits beyond basic nutrition. This has led to the development of fortified foods targeting particular health concerns, such as immune support, bone health, digestive health, and cognitive function.

5. Expansion of Fortified Food Product Lines: Food companies are expanding their portfolios to include a wider variety of fortified products to cater to diverse consumer preferences and dietary needs. This includes both conventional grocery items and specialty products aimed at niche markets, such as plant-based fortifications for vegan consumers.

6. Rising Awareness of Micronutrient Deficiencies: Increased awareness of micronutrient deficiencies, such as vitamin D, iron, and iodine, has driven demand for fortified foods that address these specific nutritional gaps. Manufacturers are responding by fortifying a broader range of food products to help consumers meet their daily nutrient requirements.

7. Focus on Sustainability and Clean Labeling: With growing consumer interest in sustainability and clean labeling, there is a trend towards using natural and sustainable sources for fortifying agents. This includes plant-based sources of nutrients, as well as efforts to reduce the use of synthetic additives and preservatives in fortified foods.

Increasing demand for fortifying agents in dietary supplements

The major driving factor for food fortifying agents is rising demand for dietary supplements. Consumer awareness about dietary supplements is increasing due to their changing lifestyle. The usage of vitamins, minerals, and food that enhances immunity, organic goods, supplements, and other dietary aids has considerably expanded. People have been encouraged to switch to nutraceuticals such as dietary supplements because of rising disposable incomes and expanding consumer health awareness. People are more likely to take multivitamins and minerals in the form of capsules and tablets as a result of lifestyle changes and increased knowledge of fitness and health.

North America dominated the food fortifying agents market, and is projected to grow with a CAGR of 9.8% during the forecast period (2022 - 2027)

The key players in the North American market include Cargill (US) and FMC Corporation (US). Technological advancements have made food fortifying agents available for a wide range of applications in the food & beverage sector, which is estimated to drive the growth of the market in the region. The North American market is witnessing continued growth in sectors such as bulk food items, fats & oils, dietary supplements, and fortified cereals & beverages. Increased consumer demand and innovations in technologies are the key factors driving the market. Fortifying agents are extensively researched and scientifically proven functional food ingredients. In Canada, the situation of food fortification is changing. For many years, food fortification has been tightly regulated. The policy currently being crafted is likely to result in expanded options for food fortification, particularly in the area of discretionary fortification.

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The key players involved in food fortifying agents market include Cargill, (US), DSM (Netherlands), Chr. Hansen Holdings A/S (Denmark), DuPont (US), BASF SE (Germany), Arla Foods Amba (Denmark), Tate & Lyle (UK), Ingredion (US), Archer Daniels Midland Company (US), and Nestle SA (Switzerland).

Cargill is involved in the manufacturing and marketing of food ingredients, agricultural products, risk management, financial, and industrial products & services around the globe. Cargill operates in 70 countries through its subsidiaries and affiliates. The company manufactures and markets food fortifying agents such as oils & fats, grains & oil seeds. The company distributes its wide range of indigenous and imported vegetable oils, fats and flour products to household customers as well as food industries in over 125 countries at a global level. Its geographical network spans North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Its subsidiaries include The Mosaic Company (US), NatureWorks LLC (US), and The Wilbur Chocolate Company (US).

DSM is the one of the leading companies providing specialized solutions for health, nutrition & Bioscience. DSM offers a wide range of products for animal nutrition & health, human nutrition, care & health, food & beverage and materials. The company supplies food & beverage, dietary supplements, early-life nutrition and medical nutrition, whereas in animal nutrition & health is the leading supplier of feed additives such as vitamins, carotenoids, eubiotics, and feed enzymes. The company provides scientific & innovative solutions to 23,000 people throughout the world. The company has geographical presence across North America, Europe, Asia Pacific, Latin America, Netherlands, Switzerland and Rest of the World. Its subsidiaries include DSM Nutritional products AG, GLYCOM A/S, Fortitech, Inc., and Vitatene S.A.

Chr. Hansen Holding A/S is a global player in the bioscience industry. The company offers different products such as food culture & enzymes, plant health, animal health, human health & probiotics. The company focuses on the areas of microbial and fermentation technology platforms which matches the customers needs and global trends relevant in the present day. The company is into development and production of cultures, enzymes, probiotics, and natural colors for several applications, including foods, confectionery, beverages, dietary supplements, feed, and plant nutrition. It is one of the leading suppliers of probiotic strains for infant formula, dietary supplements, and healthcare industries. It operates through three business segments: food cultures, enzymes, and health & nutrition.

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