Press release
Fortified Rice Market Growth Statistics, Size Estimation, Emerging Trends and Outlook 2032
Fortified Rice Market
The global Fortified Rice Market was valued at USD 20.21 Billion in 2023 and is likely to reach USD 33.28 Billion by 2032, increasing at a CAGR of 5.7% from 2024 to 2032.
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Fortification is a system wherein vitamins are delivered to meals that do not arise in nature or are observed in enough portions. To enrich rice, rice grains may be lined with a premix of micronutrients, or extruded rice grains can be organized which might be enriched with micronutrients after which mixed with normal rice.
Rice resistance is a price-effective and culturally appropriate approach to accurate micronutrient deficiencies in countries with consistent with capita rice intake. The price of intensification is decided through several context-unique variables, inclusive of the structure and potential of the rice enterprise, the complexity of the supply chain, the policy and regulatory surroundings, and the dimensions of the respective software.
Some of the Top Leading Key Players:
Tata Chemicals Limited (India)
Agri-Neo Inc. (Canada)
Pepsico, Inc. (USA)
Axiom Foods, Inc. (USA)
NutriAsia Group (Philippines)
Usher Agro Ltd. (India)
EFISC (European Feed and Food Ingredient Safety Certification) (Belgium)
Wilmar International Limited (Singapore)
Balchem Corporation (USA)
Kerry Group plc (Ireland)
The Wright Group (USA)
Batory Foods (USA) and Other Major Players.
Segmentation Analysis of the Fortified Rice Market
By Micronutrients
Iron
B complex vitamins
Vitamin B-12
Vitamin B-6
Vitamin A
Zinc
Folic acid
By Methods
Dusting
Coating
Extrusion
By Sales Channel
Hypermarket /Supermarket
Convenience store
Online Retailers
Others
Fortified Rice Market Trend Analysis
Malnutrition remains a noteworthy international project, affecting hundreds of thousands of human beings, in particular in creating countries. One imperative method to address this trouble is by way of guaranteeing get to to primary supplements via braced nourishments like stronger rice. Fortified rice, stepped forward with key vitamins and minerals along with press, zinc, vitamin A, and D, among others, stands as a promising solution. The request for primary nutrients may be a critical motive force transferring the fortified rice market ahead. In districts where rice serves as a dietary staple, several individuals undergo from micronutrient lacks because of limited nourishment variations or insufficient get to nutritious alternatives. Fortified rice develops as a feasible and temperate implies to counter these lacks, consistently substituting traditional rice in dinners without requiring adjustments in cooking techniques or nutritional propensities.
Key Industry Developments in the Fortified Rice Market:
In April 2024, Biocon has announced that it has received approval from the South African Health Products Regulatory Authority (SAHPRA) for the vertically integrated combination drug Fortified Rice capsule in South Africa.
In Sep 2023, The Food and Drug Administration (FDA) has changed the therapeutic equivalence classification of Accord Healthcare's generic Fortified Rice capsules from AB to BX, so it is no longer recommended as an automatic substitute for the brand name Prograf (Fortified Rice) oral capsules
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Regional Analysis
Asia Pacific Region is Expected to Dominate the Market Over the Forecast Period
Geographically, the distinctive analysis of consumption, revenue, market share, and growth rate of the subsequent areas:
North America (U.S., Canada, Mexico)
Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
South America (Brazil, Argentina, Rest of SA)
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Strategic Points Covered in Table of Content of Fortified Rice Market:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Growth Opportunities By Segment
Chapter 5: Market Landscape
Chapter 6: Fortified Rice Market By Product Type (2017-2032)
Chapter 7: Fortified Rice Market By Material (2017-2032)
Chapter 8: Fortified Rice Market By Mounting Type (2017-2032)
Chapter 9: Fortified Rice Market By Application (2017-2032)
Chapter 10: Fortified Rice Market By Distribution Channel (2017-2032)
Chapter 11: Fortified Rice Market By End-User (2017-2032)
Chapter 12: Company Profiles And Competitive Analysis
Chapter 13: Global Fortified Rice Market By Region
Chapter 14: Investment Analysis
Chapter 15: Analyst Viewpoint And Conclusion
Chapter 16: Investment Analysis
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