Market Analysis and Insights: Global Food Fortifying Agents Market
Global food fortifying agents market is expected to register a healthy CAGR of 18.45%% in the forecast period of 2019-2026. Rising demand of food fortifying agents in food and beverage industry and rising usage of food fortifying agent as salts, mineral and vitamin is the major factor for the growth of this market.
Global Food Fortifying Agents Market By Application (Pet food, Animal Feed, and Animal Nutrition; Cereals & Cereal-Based Products, Bulk Food Items, Dairy & Dairy Products, Dietary Supplements, Fats & Oils, Infant Formula, Others), Type (Minerals, Vitamins, Lipids, Carbohydrates, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
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Competitive Analysis: Global Food Fortifying Agents Market
Global food fortifying agents market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of food fortifying agents market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Definition: Global Food Fortifying Agents Market
Food fortifying is a process which is usually used in the food to make them more healthy and nutritious by adding more micronutrients. There main aim is to make food healthy by improving their nutrition value. Minerals, carbohydrates, vitamins and lipids are some of the common type of the food fortifying agents. These food fortifying agents are widely used in the dietary supplements. Rising awareness about the benefits of the food fortifying agent is the major factor fuelling the growth of this market.
Market Drivers:
- Increasing cases of chronic diseases is another factor driving the market growth
- Increasing usage of food fortifying agent in dietary supplements is driving market
- Growing awareness about the application of food fortifying agent is driving the growth of this market
- Technological advancement and development in fortification process is another factor driving market
Market Restraints:
- High R&D cost is restraining the market growth
- High price of the food fortifying agent is another factor restraining market
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Global Food Fortifying Agents Market Segmentation:
By Application
- Pet food, Animal Feed, and Animal Nutrition
- Cereals & Cereal-Based Products
- Bulk Food Items
- Dairy & Dairy Products
- Dietary Supplements
- Fats & Oils
- Infant Formula
- Others
By Type
- Minerals
- Vitamins
- Lipids
- Carbohydrates
- Others
By Geography
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Turkey
- Belgium
- Netherlands
- Switzerland
- Rest of Europe
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Key Market Competitors: Global Food Fortifying Agents Market
Few of the major competitors currently working in the global food fortifying agents market are DuPont, Kerry Group, Associated British Foods plc, WIBERG GmbH, Campus Srl, Wenda Co., Ltd, Advanced Food Systems, Inc., Alisea S.r.l., Avada, Cargill, Incorporated., BASF SE, Arla Foods amba, Archer Daniels Midland Company, Tate & Lyle, Ingredion Incorporated, DSM, Chr. Hansen Holding A/S.
Research Methodology: Global Food Fortifying Agents Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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