The Food Fortifying Agents market crossed US$ 79.30 billion mark in 2022 and is expected to hit US$ 170.83 billion by 2030, recording a CAGR of 10.1% during the forecast period.
Consumer awareness about the health benefits of fortifying agents and increasing focus on preventive healthcare are some of the factors attributing the growth of food fortifying agents’ market. With the increasing application profiling and growing demand from developing economies, the market is expected to witness a significant growth. The vitamins segment is expected to pace up with the rising adoption of vitamin-infused food and beverages. Further, other segments such as minerals, vitamins, proteins and amino acids, lipids, and probiotics and prebiotics is also expected to gain traction during the forecasted year. The report titled “Food Fortifying Agents Market 2022-2030” has recently been added by Business Market Insights to induce a stronger and more effective business outlook. It provides associate in-depth analysis of the various attributes of the industry, like trends, policies, and customers operational in several geographies. Research analysts use quantitative as well as qualitative analytical techniques to supply users, business owners, and industry professionals with accurate and actionable data. The Food Fortifying Agents Market study provides comprehensive data which enhances the understanding, scope, and application during the forecast period 2022-2030.
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The Key Players during this market are:
- Cargill, Incorporated
- DSM
- BASF SE
- ADM
- Chr. Hansen Holding A/S
Analysis of the Top Market Players:
Competition may be a major subject in any marketing research analysis. This is a report provided with the help of the competitive analysis provided the players can simply study key strategies adopted by leading players in the Food Fortifying Agents market till 2030. Major and emerging players of the market are closely studied taking into consideration their market share, product portfolio, revenue, sales growth, and other significant factors. This will help players to become familiar with the moves of their top competitors within the market.
In this report, the market has been segmented on the basis of:
Based on types, the Food Fortifying Agents market is primarily split into:
- Minerals
- Vitamins
- Proteins and Amino Acids
- Lipids
- Probiotics and Prebiotics
- Others
Based on Applications the Food Fortifying Agents market covers:
-
- Bakery and Confectionery
- Dairy Products
- Breakfast Cereals
- Infant Formula
- Dietary Supplements
- Beverages
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
Recent strategic developments in food fortifying agents market
The food fortifying agents market has undergone several significant developments, and a few of these have been mentioned below:
- In August 2021, Chr. Hansen Holding A/S announced the launch of stable live probiotic for use of pet food and supplements, with an aim to offer every pet’s life stage with good bacteria.
- In December 2021, DSM acquired Vestkorn Milling, one of the Europe’s leading producer of pea- and bean-derived ingredients for plant-based protein products for an enterprise value of €65 million.
Scope of Food Fortifying Agents Market during 2022 to 2030:
Food Fortifying Agents Market report evaluates the growth rate and the market value based on market dynamics, growth inducing factors. Complete knowledge is based on the latest industry news, opportunities, and trends. The report contains a comprehensive market research and vendor landscape in additionally to a SWOT analysis of the key vendors.
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Key Highlights of the Food Fortifying Agents Market Research Report:
- The report summarizes the Food Fortifying Agents Market by stating the basic product definition, applications, product scope, product price and value, supply and demand ratio, and market summery.
- Competitive landscape of all leading key players together with their business strategies, approaches, and latest Food Fortifying Agents market movements.
- Its elements market feasibility investment, opportunities, growth factors, restraints, market risks, and Food Fortifying Agents business driving forces.
- It performs a comprehensive study of emerging players within the Food Fortifying Agents business together with the present ones.
- It accomplishes primary and secondary analysis and resources to estimate top products, market size, and industrial partnerships of Food Fortifying Agents business.
- Food Fortifying Agents market report ends by articulating research findings, data sources, and results, list of dealers, sales channels, businesses, and distributors along with an appendix.
Key Questions | Answered included in Sample Report:
-What will the market size be in 2030 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?
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