DUBLIN--(BUSINESS WIRE)--The "Global Food Fortifying Agents Market - Segmented by Type, Application, and Geography (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global Fortifying Agents market is expected to reach over USD 66.7 billion by 2023, projecting a healthy CAGR of 10.3% over the forecast period.
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.
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.
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.
- 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
Key Topics Covered:
2. Market Overview
3. Market Dynamics
5. Competitive Landscape
6. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/3fq32z/global_food?w=4