Projeted Growth
Moderate

Growth Potential Meter

Enriched Food Market by Product Type (Vitamins, Minerals) by Application (Basic food, Processed food) by Industry Analysis, Volume, Share, Growth, Challenges, Trends and Forecast 2019-2027

Number of pages: 140 | Report Code: PSMR- PSMR-007157 | Report Format : PDF

Report Coverage

Parameters Details

Base Year

2021

Historical Data

2016-2021

Forecast Data

2022-2028

Base Year Value (2021)

USD 150.79 million

Forecast Value (2028)

USD 288.2829345 million

CAGR (2022 to 2028)

9.7 %

Regional Scope

North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW

Enriched Food Market is estimated to reach USD 262.79 billion by 2027, growing at a CAGR of 9.7 % between 2019 and 2027  


Food fortification is attractive because it does not require the target groups to change their diet but can be implemented by the food industry and because it reaches large numbers of consumers through retail. The United Nations’ Food and Agriculture Organization recommends that governments in countries with high malnutrition rates consider fortifying food with iodine, iron and vitamin A in particular and that they regulate information.  


The growing population and change in food fashion among people are the major drivers for the market. Individuals are more concerned about health and are willing to pay extra for food that is specifically beneficial to health. Therefore this tendency and awareness among people help the Enriched Food Market to grow. The market share in developed countries is captured by health conscious people, such as pregnant women, guardians of infants and the older population, as they are mostly aware about the benefits associated with fortified food and beverages. However, in developing countries there is an increase in health concern among people as well, due to enhanced disposable income, which drives the market to grow in the forecast period.  


On the basis of product line Enriched Food Market is divided into: The market is segmented based on the ingredients, applications and geography. The ingredients segment mainly consists of vitamins and minerals, which are further classified as vitamin A, D, C and iron, iodine, folic acid and zinc respectively. By application, the market for fortified food and beverages is segmented as cereals, dairy, confectionery and infant products, to name the major ones. Among them, cereals and confectionery are the major market share holders.  


Some of the major key players present in Enriched Food Market are: Nestle S.A., BASF SE, General Mills, Inc., Tata Chemicals Limited , Mondelez International, Inc., Cargill Incorporated., Danone , Buhler AG , Bunge Limited , Unilever PLC , Koninklijke DSM NV , Stern-Wywiol Gruppe GmbH & Co. KG , Arla Foods amba , Nutritional Holdings (Pty) Limited , Dr. Paul Lohmann GmbH KG Chemische Fabrik , Wright Enrichment Inc., Gastaldi Hermanos S.A.I.C.F. E I., Sinokrot Global Group , Ufuk Kimya Ilac Sanayi Ve Ticaret Limited Sirketi , and Corbion NV. The major players in the Enriched Food Market are focusing on consumer demand and market opportunities; therefore, focus is mostly on the development of new products and varieties. Furthermore, the market is majorly captured by the big players, who are interested in mergers and acquisitions and in capturing the small players. The market of fortified food is considered as a niche products market; high pricing and stringent regulations restrain the new players from entering the market. The key players are Abbott Laboratories, Campbell Soup, H.J Heinz, Kellogg, PepsiCo, Coca-Cola and Proctor & Gamble.  


On the basis of application/end user Enriched Food Market is divided into basic foods and processed foods. And, is heavily used in the above applications.  


Geographical analysis of Enriched Food Market is divided into several regions including India, China, Japan, Europe, North America, and South-East Asia. North America and Europe are the major markets for fortified and wellness products. However, the scope of growth is available in these regions on the basis of innovation in new products and varieties. Asia-Pacific is estimated to be the fastest-growing market for the forecast period and will show the highest CAGR for the period.  


 Enriched Food Market
 


Enriched Food Market: Product Type

  • Vitamins
  • Minerals

Enriched Food Market: Application

  • Basic food
  • Processed food

Enriched Food Market: Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Enriched Food Market :

  • Nestle S.A.
  • BASF SE
  • General Mills, Inc.
  • Tata Chemicals Limited
  • Mondelez International, Inc.
  • Cargill Incorporated.
  • Danone
  • Buhler AG
  • Bunge Limited
  • Unilever PLC
  • Koninklijke DSM NV
  • Stern-Wywiol Gruppe GmbH & Co. KG
  • Arla Foods amba
  • Nutritional Holdings (Pty) Limited
  • Dr. Paul Lohmann GmbH KG Chemische Fabrik
  • Wright Enrichment Inc.
  • Gastaldi Hermanos S.A.I.C.F. E I.
  • Sinokrot Global Group
  • Ufuk Kimya Ilac Sanayi Ve Ticaret Limited Sirketi
  • Corbion NV

Geographical analysis of Enriched Food Market :

  • North America
    • U.S.A.
    • Canada
  • Europe
    • France
    • Germany
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South East Asia
  • Latin America
    • Brazil
  • Middle East and Africa

Enriched Food Market Report delivers comprehensive analysis of :

  • Market Forecast for 2019-27
  • Market growth drivers
  • Challenges and Opportunities
  • Emerging and Current market trends
  • Market player Capacity, Production, Revenue (Value)
  • Supply (Production), Consumption, Export, Import analysis
  • End user/application Analysis


Frequently Asked Questions (FAQ)


Enriched Food Market was valued at around USD 150.79 million in 2021 & estimated to reach USD 288.2829345 by 2028.




Enriched Food Market is likely to grow at compounded annual growth rate (CAGR) of 9.7% between 2022 to 2028.












Yes, the report includes COVID 19 impact on the market.



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