Global Food Fortifying Agents Market is Projected to Reach USD 69.8 Billion by 2020

Date: 2016-04-19

The market for food fortifying agents is projected to reach USD 69.8 Billion by 2020, at a CAGR of about 16.7% from 2015 to 2020.

The food fortifying agents market is fueled by the growing health awareness among consumers and the increasing incidences of chronic conditions such as blood pressure, diabetes, cardiovascular diseases, and cancer. Globally, the rise in aging populations and the growing health concerns have led to a large-scale adoption of food fortifying agents for various applications.

The market is also segmented on the basis of region into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America dominated the global food fortifying agents market due to the developed food processing industry in this region. Asia-Pacific is the fastest growing region in the food fortifying agents market due to continuous increase in demand for food fortifying agents owing to the health benefits from different nutrients.

The multi-functionality of food fortifying agents, coupled with the growing demand from the food & beverage industry, drives the market. However, increasing raw material cost and competition among raw material suppliers along with regulations regulating the production of use of food fortifying agents are restraining the market.

Companies Mentioned:

Archer Daniels Midland Company
Arla Foods
Chr. Hansen Holdings A/S
Cargill, Incorporated
E. I. du Pont de Nemours and Company
Ingredion Incorporated
Nestle SA
Royal DSM
Tate & Lyle Plc

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