Global Food Fortifying Agents Market Top 10 Key Players

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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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Market Analysis: 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.

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

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

Key Developments in the Market:

  • In May 2019, Muralya Dairy Products announced the launch of their first fortified milk product which will provide required supplements like Vitamin A and D. It is launched due to the increasing cases of vitamin deficiency. This product is made according to the food safety and standards authority of the India.
  • In July 2017, Ministry of Health, and the United States Agency for International Development (USAID) announced the launch of their first fortification project Ranfòse Abitid Nitrisyon pou Fè Ogmante Sante (RANFOSE). The main aim of the project is to increase the availability of the food fortifying agent and enhance the productivity. It will also help the deficiency of micronutrients in children, mothers and other population.

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.

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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.

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