Target Audience of Food Fortifying Agents Market: Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers and Exporters, Association and government bodies.
Food Fortifying Agents Market Report provides key statistics on the market status of the Food Fortifying Agents Key-players/Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Industry
The global Fortifying Agents market was valued is expected to reach over USD 66.7 billion by 2023, projecting a healthy CAGR of 10.3% over the forecast period. The growing demand for healthy food, along with the increasing heath awareness among consumers, has accelerated the usage of fortifying agents. These agents are largely being used in cereals, dairy, oil & fats, beverages, bakery, snacks and confectionary items in the global market. The rapid adaptation of fortifying agents in food processing industry, for better functional and nutritious attributes, is boosting the market.
Growing Demand for dietary supplements
The growing consumers demand for dietary supplements helps drive the fortifying agents market. Consumers demand for health foods also accentuates the demand for fortifying agents. The increasing awareness among consumers that dietary supplements with fortified nutrients is highly beneficial for the overall development of the human body, is leading manufacturers to use fortified agents in their products.
Bakery applications is expected to grow at a faster rate
Cereals, dairy, fat & oils, and baby food products are among the largest consuming industries for food fortifying agents in the world. The properties of improving food quality and nutrition, possessed by these agents, have broadened their application in the food industry which includes bakery, breakfast items, and beverages. Baked products such as biscuits, cookies, cakes, pastries, and breads are increasing the fortifying agent application rapidly. The products with higher health benefits are appealing consumers to consume such food items without price sensitivity in the food market. An increased number of food items is expected to appear in the market with innovative fortifying agents, during the forecast period.
Asia-Pacific is the fastest growing market
Asia- pacific is expected to be the fastest growing market, as the consumption of functional and fortified food is increasing at a rapid pace. High population, low heath-index, and increasing spending pattern of consumers for fortified food items are the factors backing the Asia-Pacific market growth. India and China are hotspots for fortifying agent consumption in Asia-Pacific market. North America is anticipated to remain the largest consumer for fortifying agents, followed by Europe.
Major players: DU PONT, KERRY GROUP PLC, ASSOCIATED BRITISH FOODS PLC, WIBERG GMBH, PROLIANT NON-MEAT INGREDIENTS, CAMPUS SRL, WENDA INGREDIENTS, ADVANCED FOOD SYSTEMS, INC., ALISEIA SRL, REDBROOK INGREDIENT SERVICES LIMITED
Reasons To Purchase This Report
• Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
• Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information,
Get PDF Sample of Food Fortifying Agents Market Report @ https://www.360marketupdates.com/enquiry/request-sample/12884289
Major companies covered in this Report:
- DU PONT
- KERRY GROUP PLC
- ASSOCIATED BRITISH FOODS PLC
- WIBERG GMBH
- PROLIANT NON-MEAT INGREDIENTS
- CAMPUS SRL
- WENDA INGREDIENTS
- ADVANCED FOOD SYSTEMS
- ALISEIA SRL
- REDBROOK INGREDIENT SERVICES LIMITED
Reasons To Purchase This Report
Purchase Food Fortifying Agents Market Report at $ 4250(SUL) @ https://www.360marketupdates.com/purchase/12884289
This Food Fortifying Agents market report offers an overview of the market trends, drivers, and barriers with respect to the market. A detailed analysis of key players, along with key growth strategies adopted by them is also covered in this report on Food Fortifying Agents market.