Food Fortifying Agents Market Size - By Type (Vitamins, Minerals, Amino Acids, Proteins, Fatty Acids), Application (Dairy Products, Cereals and Grains, Beverages, Infant Nutrition, Dietary Supplements), Health Benefits & Global Forecast, 2023 - 2032
Global Food Fortifying Agents Market size will register 7.8% CAGR between 2023 and 2032, owing to the positive outlook of the food sector worldwide. According to Eurostat, in 2022, the European Union's agri-food exports experienced a notable surge, reaching €229.8 billion, marking a substantial 31% rise from the previous year. Notably, cereals and cereal preparations, alongside milling products, emerged as the leading contributors to this growth, constituting 7% and 10% of the EU's total exports, respectively.
As consumer preferences shift towards healthier choices, the demand for fortified foods has witnessed an upward trend. This trend aligns with the industry's focus on enhancing nutritional value. Food fortifying agents, offering essential nutrients, find increased application in various products, creating a symbiotic relationship that fosters the expansion of the food fortifying agents industry.
The overall food fortifying agents market is categorized based on type, health benefits, application, and region.
The amino acids segment will capture a notable market share by 2032. The growing awareness of the importance of a balanced diet drives the sales of amino acids as food fortifying agents. Amino acids, essential for protein synthesis and overall health, are in high demand. As consumers prioritize nutritional choices, food manufacturers leverage amino acids to enhance the nutritional profile of products, catering to health-conscious markets and driving the increasing adoption of these fortifying agents.
The heart health segment could dominate the application landscape of the food fortifying agents market throughout 2023-2032. The increasing awareness of cardiovascular well-being will favor the adoption of food fortifying agents in heart health applications. Fortification with heart-healthy components such as omega-3 fatty acids, fiber, and antioxidants responds to consumer preferences for functional foods. This trend aligns with the proactive approach toward heart health, driving the incorporation of fortifying agents in various food products for a wellness-focused consumer base.
Asia Pacific food fortifying agents industry will expand at a modest growth rate over 2023-2032 due to a rising health-conscious population and a growing focus on nutritional enrichment. Governments across the region are encouraging fortification initiatives to address malnutrition concerns. For instance, in India, fortification of staples like rice and wheat with essential nutrients is promoted. This, coupled with the region's evolving dietary preferences, propels the growth of the food fortifying agents industry in APAC.