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The global Food Fortification market was valued at USD 88.24 Billion in 2022 and growing at a CAGR of 9.64% from 2023 to 2032. The market is expected to reach USD 221.49 Billion by 2032. This market is growing as there is a potential to improve life in food fortification, especially when several families cannot afford a balanced diet. Local food processors and millers have the potential to offer fortified staple food in large quantities. APAC region is the fastest-growing food fortification market. This growth is attributed to several countries such as Australia, India, and Vietnam, which mandate the commonly and broadly consumed staple foods such as rice, wheat, edible oil, milk vitamins, and minerals such as iodine and iron. Food fortification players have become key players in the premixes sector for ingredients such as minerals, vitamins, amino acids, and protein. Hence, food fortification has become a cost-effective method of adding crucial micronutrients to food products to address malnutrition.
Fortification is the process of purposely adding the content of one or more micronutrients, such as minerals and vitamins, to the food to improve its nutritive quality and thus help benefit public health with negligible risk to health. Also, adding nutritional content to staple food will help restore the micronutrient content lost in processing. Based on many studies, over three in ten people generally suffer from micronutrient and vitamin deficiency. Also, according to WHO, more than 2 billion people suffer from micronutrient deficiencies, called hidden hunger or micronutrient malnutrition, because their effects are invisible. The deficiencies of crucial minerals and vitamins, which are important for maintaining optimal health and immunity, can lead to severe or life-threatening conditions. It can result in a surge in maternal and child mortality, a decrease in cognitive and physical development & performance and impaired immune function. The deficiencies of micronutrients can result in 4% to 5% of the GDP. The World Food Programme (WFP) has decided to increase the proportion of fortified maize meal, wheat flour and rice distributed in the programme from 60% in 2020 to 80% in 2025. Also, the WFP will work with around 40 countries to ensure national systems to bring fortified food to reach vulnerable families. The surge in health concerns and growing disease rates are eventually propelling the growth of the food fortification market. Based on another study, around 1.5% of deaths are due to iron deficiency, and an almost similar number is also due to Vitamin A deficiency. Also, anaemia due to iron deficiency decreases the chance of a healthy life, and the deficiency of iodine is causing the problem for around .2% of the world's population. Also, Vitamin D deficiency, which was common in the children of industrialized countries, has now become widespread, leading to osteoporosis and bone fractures. It can lead to permanent handicaps of the elderly population, decreasing the quality and length of life. Therefore, fortification has become a cost-effective method that needs to be executed on a large scale, and fortified food will bring down the danger of insufficiency due to a shortage of nutrition supply or a poor eating schedule.
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Surge in micronutrient deficiency among people – Based on one of the articles of 2023, around 3 billion people, or around 37% of the global population, suffer from micronutrient deficiency. The shortage of micronutrients like iodine, folate, vitamin A, iron or Zinc leads to several health ailments like anaemia, blindness, brain damage, goitre, stunting and wasting among children. It can also lead to birth defects and a poor immune system. Such disorders can also lead to poor learning ability, well-being, livelihoods and life expectancy. It also results in negative economic and social consequences. Hence, around 140 nations have made fortification mandatory for at least one staple food. For instance, salt fortification is mandatory in 123 countries, generally with iodine. All these factors are driving the Food Fortification market.
High Processing Cost – The high raw material and processing costs are acting as a hindrance to market growth. The fortification cost consists of procurement, processing and distribution of the fortified food product. Many food organizations require a high initial investment for the fortification, like buying the fortified equipment, additives and quality control procedures. This addition of costs potentially makes fortified food less affordable, especially in the lower-income regions. All these factors eventually act as restraints for the Food Fortification market.
Food Fortification can be cost-effective– Based on one of the articles of 2023, there is an estimation that an average investment of every USD 1 in fortification of food can make an economic return of USD 27 because of a decrease in healthcare spending and a surge in productivity. The increase in the cost of fortification per person in a year is low. Moreover, the food fortification segment seems to grow fast shortly, making it an appropriate market for millers, micronutrient producers and processors. The reaching of fortified food to the poor needs a strategy like an increase in scale, which can be achieved by consolidation among key players, engagement with small and medium-scale sectors, and harnessing the social safety nets for marginalized populations. All these factors will eventually drive the Food Fortification market in the forecasting market.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest market for the global Food Fortification market, with a 36.55% share of the market revenue in 2022. North America has dominated the market because consumers in the region have a high demand for value-added products. It is because the health consciousness among people in this region has increased. There is also a surge in disposable earnings and an increasing understanding of the advantages of nutrients in daily diet routines. All these factors are eventually driving the food fortification market in the region.
North America Region Food Fortification Market Share in 2022 - 36.55%
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The type segment is divided into vitamins, protein and amino acids, lipids, carbohydrates, minerals and others. The protein and amino acids segment dominated the market, with a market share of around 47.21% in 2022. This high market share is attributed to its important role in maintaining complete health. Its demand has increased due to the growing demand for functional and protein-rich diets by people looking to manage their weight and fitness enthusiasts, among others.
The application segment is divided into dairy and dairy based product, infant formula, fats and oils, cereals and cereals based products, beverages and others. The dairy and dairy based product segment dominated the market, with a market share of around 40.21% in 2022. This market share is attributed to the fact that the fortification in dairy products is helping in improving the intake of calcium and vitamin D. Fortified dairy-based products and milk help the consumer improve their bone health.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 88.24 Billion |
| Market size value in 2032 | USD 221.49 Billion |
| CAGR (2023 to 2032) | 9.64% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Type and Application |
North America region emerged as the largest market for the Food Fortification.
The market's growth will be influenced by surge in micronutrient deficiency among people.
High processing cost hamper the market growth.
Cost effectiveness of food fortification in the future will provide huge opportunities to the market.
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global food fortification market based on below mentioned segments:
Global Food Fortification Market by Type:
Global Food Fortification Market by Application:
Global Food Fortification by Region:
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