Unlocking the Potential of Food Fortifying Agents: Market Growth and Opportunities

April 14 19:53 2023
Unlocking the Potential of Food Fortifying Agents: Market Growth and Opportunities
MarketsandMarkets™
Food fortifying agents market in Asia Pacific region is driven by busy lifestyle and increasing disposable incomes of the consumers. The application of these agents is expected to increase at a fast pace due to the increasing demand from consumers. Across Asia Pacific, proteins & amino acids are one of the rapidly growing segments.

The growth of the food fortifying agents market can be attributed to several factors, including increasing consumer awareness about the health benefits of fortified foods, rising prevalence of nutrient deficiencies, and government initiatives to address malnutrition. Additionally, advancements in food processing technologies and growing demand for functional foods and supplements are also expected to drive market growth.

Food Fortifying Agents Market

In terms of product type, vitamins and minerals are expected to continue dominating the market, owing to their high demand and wide application in various food products. However, other fortifying agents such as probiotics, prebiotics, and omega-3 fatty acids are also gaining popularity among consumers, especially those seeking digestive health and immunity-boosting benefits.

The food fortifying agents market is a key player in shaping the future of food. With a projected revenue of USD 128.0 billion by 2027 and a CAGR of 10.1%, the industry is well-positioned to drive the development of healthier, more nutritious food options and promote better health outcomes for consumers worldwide.

Some key trends in the food fortifying agents market:

 

Rising Demand for Functional Foods: The demand for functional foods that provide additional health benefits beyond basic nutrition is on the rise. Consumers are looking for products that contain fortifying agents such as probiotics, prebiotics, and omega-3 fatty acids, which can help improve digestive health, boost immunity, and promote overall well-being.

Government Initiatives to Address Malnutrition: Governments in various countries are taking initiatives to address malnutrition by mandating the fortification of staple foods with essential vitamins and minerals. For instance, in India, the government has mandated the fortification of salt with iodine, wheat flour with iron, folic acid, and vitamin B12, and vegetable oil with vitamin A.

Growing Preference for Natural Fortifying Agents: Consumers are increasingly preferring natural fortifying agents over synthetic ones due to health concerns and the desire for clean labels. Natural sources of vitamins and minerals, such as fruits, vegetables, and whole grains, are being used to fortify foods and beverages.

Increasing Use of Microencapsulation Technology: Microencapsulation technology is being used to encapsulate fortifying agents, such as vitamins and minerals, to protect them from degradation during processing, storage, and consumption. This technology also allows for controlled release of the fortifying agents in the body, improving their bioavailability.

Expansion of Fortified Food Applications: Fortifying agents are being added to a wider range of food and beverage products beyond traditional staples like flour, rice, and milk. Products such as energy bars, sports drinks, and infant formulas are being fortified to provide additional nutritional benefits.

Overall, the food fortifying agents market is witnessing significant growth due to increasing demand for healthy and nutritious food options. With the development of new technologies and increasing consumer awareness about the benefits of fortified foods, this trend is expected to continue in the coming years.

 

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

 

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/food-fortifying-agents-market-72061350.html