The global fortifying agents market is expected to grow at a CAGR of 7.7% and is expected to reach a value of approximately US$168.9 billion by 2032,
Manufacturers are increasingly using fortified active ingredients in their products as consumers become more aware of the benefits of nutrient fortified dietary supplements for the overall development of the human body.
Iron deficiency anemia can also be prevented by fortifying wheat and corn flour with zinc, iron, folic acid and other minerals (IDA). Milk fortification helps recover micronutrients lost during the milk production process. The content of micronutrients in food can be improved through fortification. This also increases market demand.
Furthermore, one of the main factors driving the growth of the nutritional industry is the increasing popularity of fortifying and nutritious food additives. Another factor driving the growth of the nutritional market is the increased public awareness of the health benefits of prebiotics and probiotics. The growing demand for dietary supplements and the increase in disposable personal income would offer profitable growth prospects in the field of nutrition.
Key Conclusions of Market Study
- The market is segmented by drug type, with vitamin expected to account for about 21%.2% market share over the forecast period.
- The North American reinforcing agents market is expected to grow at a lucrative rate of 7.0% during the forecast period.
- East Asia is projected to account for 22.4% of global antidepressant consumption by 2032.• The application of fortification agents in beverages is expected to have a market share of more than 15.2% during the forecast period ‘
“The market is driven by the multifunctionality of fortification agents and increased demand from the food and beverage industry. However, rising commodity costs and rivalry among commodity suppliers, as well as regulations on how food fortifiers are manufactured, are holding back the market,” says an analyst at Future Market Insights.
Market players are constantly looking for joint ventures, mergers and acquisitions, and other strategic initiatives. Big companies looking to increase their global footprint and capabilities include Archer Daniels Midland Company and Royal DSM. In a fast-growing region like East and South Asia, even large companies are trying to diversify their product lines to gain a competitive advantage over their competitors.
Discover More Valuable Insights
Future Market Insights offers an unbiased analysis of the global Reinforcement Agents market in its new report, presenting historical data (2017-2021) and estimation statistics for the forecast period 2022-2032. The study provides convincing information by type of active ingredient (probiotics, minerals, prebiotics, vitamins, carbohydrates, others), by form (powder, liquid and granules), by application ((grain and grain-based products, dairy and base, fats and oils , Bulk Foods, Beverages, Infant Formulas, Dietary Supplements, Others (bakery, confectionery, pet food, animal feed and pet food) in seven major regions of the world.