Valley Cottage, NY -- (SBWire) -- 08/07/2019 --Approximately 2 billion people across the world still lack access to the essential minerals and vitamins needed for a healthy and sustainable lifestyle. That is why food fortification programmes are actively encouraged by national governments, especially in developing nations. Future Market Insights has prepared an insightful report on the global fortified foods market titled 'Fortified Foods Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027'. The fortified foods market is expected to push past US$ 500 Bn by the end of the forecast period witnessing a CAGR of 6.3% in terms of value during the forecast period.
Raw Material – Flour Most Important Raw Material in the Fortified Foods Market
The flour segment is anticipated to be worth about US$ 36 Bn in 2017 and is estimated to cross US$ 68 Bn by the end of 2027, registering a CAGR of 6.6%.
Micronutrients – Vitamins and Minerals to Record Robust CAGR Growth
Vitamins and Minerals have a market share of more than 4/5th of the fortified foods market by micronutrients and are predicted to slightly increase their share at the end of 2027. The CAGR for Minerals (6.5%) is higher than that of Vitamins (6.4%) from 2017-2027 and the most important deficiency to address would be that of iron that is typically found in pregnant women and preschool children.
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Application – Close Contest Between Basic Foods and Processed Foods
The basic foods segment is just a little larger than processed foods in the fortified foods market and is likely to remain so for the foreseeable future. An absolute dollar opportunity of more than US$ 46 Bn exists in this market with margarine fortification being particularly important.
Technology – Drying and Extrusion Vital in the Fortified Foods Market
Key stakeholders in the fortified foods market would do well to focus on drying and extrusion technologies as they are vital. The drying technology is predicted to exceed US$ 87 Bn by end 2027. Extrusion though some way behind, is still critical in the fortified foods market and companies must not ignore it under any circumstance.
Sales Channel – Modern Trade and Neighbourhood Stores Lucrative Distribution Channels
The modern trade and neighbourhood stores segments are poised to grow by 190 and 17 BPS respectively and this is largely at the expense of online sales and other retail formats in the fortified foods market. Supermarkets and hypermarkets are preferred by customers for being 'one-stop shops'.
Region – Maximum Growth in the Fortified Foods Market in the Dynamic APEJ Region
The APEJ region represents more than a third of the global fortified foods market and is projected to grow by a massive 214 BPS throughout the duration of the study. A number of public private partnerships in this region coupled with salt fortified with both iodine and iron has propelled the growth of the fortified foods market in APEJ.
Competition Landscape in the Fortified Foods Market
Future Market Insights has profiled some of the most prominent companies' active in the fortified foods market market. These include Nestlé S.A., BASF SE, General Mills, Tata Chemicals Limited, Mondel?z International, Cargill Incorporated, Danone, Bühler 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, Sinokrot Global, Ufuk Kimya Ilac Sanayi Ve Ticaret Limited Sirketi, and Corbion NV.
Important Takeaways from the Fortified Foods Market Report
Nutritional deficiencies are more common in emerging economies. To strengthen their food fortification structures, developed countries are collaborating with governments in emerging economies by assisting in the setup of manufacturing units, providing technological support, and financial aid. While China could potentially slow down, Brazil and India are on track to record significant growth in the fortified foods market.
For further insights into the global fortified foods market, write in to Future Market Insights analysts at press@futuremarketinsights.com
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Fortified Food Market Reports - Table of Contents
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
2.3. Fortification Market Overview
3. Market Dynamics
3.1. Macroeconomic Factors
3.2. Forecast Factors – Relevance and Impact
4. Global Historical Market Analysis 2012–2016 and Forecast 2017–2027
4.1. Market Size (US$ Mn) and Forecast
4.1.1. Market Value (US$ Mn) and forecast
4.1.2. Absolute $ Opportunity
4.2. Market Overview
4.2.1. Value Chain
4.2.2. List of Active Participants
5. Global Fortified Food Market Historical Analysis 2012–2016 and Forecast 2017–2027, By Raw Material
5.1. Introduction
5.2. Historical Market Size (US$ Mn) Analysis By Raw Material (2012-2016)
5.2.1. Flour
5.2.1.1. Rice
5.2.1.2. Wheat
5.2.1.3. Corn
5.2.2. Rice
5.2.3. Salt
5.2.4. Milk
5.2.5. Oil
5.2.6. Sugar
5.3. Market Size (US$ Mn) Forecast By Raw Material (2017-2027)
5.3.1. Flour
5.3.1.1. Rice
5.3.1.2. Wheat
5.3.1.3. Corn
5.3.2. Rice
5.3.3. Salt
5.3.4. Milk
5.3.5. Oil
5.3.6. Sugar
5.4. Key Trends / Market Developments
5.5. Market Attractiveness Analysis By Raw Material
6. Global Fortified Food Market Historical Analysis 2012–2016 and Forecast 2017–2027, By Micronutrients
6.1. Introduction
6.2. Historical Market Size (US$ Mn) Analysis By Micronutrients (2012-2016)
6.2.1. Vitamins
6.2.1.1. Vitamin A
6.2.1.2. Vitamin B
6.2.1.2.1. Thiamine (Vit B1)
6.2.1.2.2. Riboflavin (Vit B2)
6.2.1.2.3. Niacin (Vit B3)
6.2.1.2.4. Vitamin 6
6.2.1.2.5. Folic Acid
6.2.1.2.6. Vitamin B 12
6.2.1.3. Vitamin C
6.2.1.4. Vitamin D
6.2.1.5. Other Vitamins
6.2.2. Minerals
6.2.2.1. Calcium
6.2.2.2. Iron
6.2.2.3. Zinc
6.2.2.4. Iodine
6.2.2.5. Other Minerals
6.2.3. Other fortifying Nutrients
6.3. Market Size (US$ Mn) Forecast By Micronutrients(2017-2027)
6.3.1. Vitamins
6.3.1.1. Vitamin A
6.3.1.2. Vitamin B
6.3.1.2.1. Thiamine (Vit B1)
6.3.1.2.2. Riboflavin (Vit B2)
6.3.1.2.3. Niacin (Vit B3)
6.3.1.2.4. Vitamin 6
6.3.1.2.5. Folic Acid
6.3.1.2.6. Vitamin B 12
6.3.1.3. Vitamin C
6.3.1.4. Vitamin D
6.3.1.5. Other Vitamins
6.3.2. Minerals
6.3.2.1. Calcium
6.3.2.2. Iron
6.3.2.3. Zinc
6.3.2.4. Iodine
6.3.2.5. Other Minerals
6.3.3. Other fortifying Nutrients
6.4. Key Trends / Market Developments
6.5. Market Attractiveness Analysis By End Use
7. Global Fortified Food Market Historical Analysis 2012–2016 and Forecast 2017–2027, By Application
7.1. Introduction
7.2. Historical Market Size (US$ Mn) Analysis By Application(2012-2016)
7.2.1. Basic Food
7.2.1.1. Cheese
7.2.1.2. Butter
7.2.1.3. Yogurt
7.2.1.4. Others
7.2.2. Processed Food
7.2.2.1. Extruded Products
7.2.2.1.1. Pasta
7.2.2.1.2. Snacks Food
7.2.2.2. Powdered Products
7.2.2.2.1. Infant Formula and Cereals
7.2.2.2.2. Powdered Beverages
7.2.2.3. Value Added Products
7.2.2.3.1. Juice
7.2.2.3.2. Condiments
7.3. Market Size (US$ Mn) Forecast By Application(2017-2027)
7.3.1. Basic Food
7.3.1.1. Cheese
7.3.1.2. Butter
7.3.1.3. Yogurt
7.3.1.4. Others
7.3.2. Processed Food
7.3.2.1. Extruded Products
7.3.2.1.1. Pasta
7.3.2.1.2. Snacks Food
7.3.2.2. Powdered Products
7.3.2.2.1. Infant Formula and Cereals
7.3.2.2.2. Powdered Beverages
7.3.2.3. Value Added Products
7.3.2.3.1. Juice
7.3.2.3.2. Condiments
7.4. Key Trends / Market Developments
7.5. Market Attractiveness Analysis By Application
8. Global Fortified Food Market Historical Analysis 2012–2016 and Forecast 2017–2027, By Technology
8.1. Introduction
8.2. Historical Market Size (US$ Mn) Analysis By Technology (2012-2016)
8.2.1. Drying
8.2.1.1. Oven Drying
8.2.1.2. Drum Drying
8.2.1.3. Spray Drying
8.2.2. Extrusion
8.2.3. Coating & Encapsulation
8.2.4. Others
8.3. Market Size (US$ Mn) Forecast By Technology (2017-2027)
8.3.1. Drying
8.3.1.1. Oven Drying
8.3.1.2. Drum Drying
8.3.1.3. Spray Drying
8.3.2. Extrusion
8.3.3. Coating & Encapsulation
8.3.4. Others
8.4. Key Trends / Market Developments
8.5. Market Attractiveness Analysis By Technology
9. Global Fortified Food Market Historical Analysis 2012–2016 and Forecast 2017–2027, By Sales Channel
9.1. Introduction
9.2. Historical Market Size (US$ Mn) Analysis By Sales Channel (2012-2016)
9.2.1. Modern Trade
9.2.2. Online Sales
9.2.3. Neighborhood Stores
9.2.4. Other Retail Format
9.3. Market Size (US$ Mn) Forecast By Sales Channel (2017-2027)
9.3.1. Modern Trade
9.3.2. Online Sales
9.3.3. Neighborhood Stores
9.3.4. Other Retail Format
9.4. Key Trends / Market Developments
9.5. Market Attractiveness Analysis By Sales Channel
10. Global Fortified Food Market Historical Analysis 2012–2016 and Forecast, By Region 2017–2027
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) Analysis By Region (2012-2016)
10.2.1. North America
10.2.2. Western Europe
10.2.3. Eastern Europe
10.2.4. Latin America
10.2.5. Asia Pacific Excluding Japan
10.2.6. Japan
10.2.7. Middle East and Africa
10.3. Market Size (US$ Mn) Forecast By Region (2017-2017)
10.3.1. North America
10.3.2. Western Europe
10.3.3. Eastern Europe
10.3.4. Latin America
10.3.5. Asia Pacific Excluding Japan
10.3.6. Japan
10.3.7. Middle East and Africa
10.4. Key Trends / Market Developments
10.5. Market Attractiveness Analysis By Region
.... & Read more
Detailed Examination of the Fortified Foods Market Will Reach US $500 Billion by 2027