Expanding Food Fortifying Agent Market Anticipated to Reach 9.0% Annual Growth Rate by 2034
The stock market is on an upward trajectory, projected to reach a staggering USD 210.2 billion by 2034. This growth is driven by the increasing demand for smarter eats to combat nutrient shortfalls and chronic diseases, with technologies improving nutrient absorption without affecting taste.
In 2024, the stock market today was worth USD 88.8 billion, with North America leading the pack with a 38.5% share, amounting to USD 34.1 billion. This dominance is expected to continue, with the market growing at a CAGR of 9.0% from 2025 to 2034.
One of the key players in the market is ADM, expanding its portfolio of bio-fermented, nature-derived fortificants. Notable additions include a heat-stable vitamin D ingredient for beverages and bakery. Similarly, DSM is launching highly concentrated vitamin D ingredients and advancing their life's range of sustainable, algae-based omega-3s for various food applications.
BASF SE is another major player, committed to producing entirely renewable-based vitamins and expanding their 4D3 (Deeper Dietary Deficiency Discovery) portfolio for tailored fortification solutions. Advanced Organic Materials, S.A. (AOM) is also focusing on the bioavailability of their Sucrosomial Iron and other mineral platforms for new food and beverage categories.
Arla Foods Ingredients is innovating in dairy-based fortification, promoting their whey protein ingredients for healthy aging and growth in children. Clean labels and custom blends are emerging trends in the sector, aiming for wider reach and increased profits for market players.
Global initiatives continue to facilitate the procurement of micronutrient premixes and support fortification programs in various countries. For instance, the United Nations Children's Fund (UNICEF) conducted the procurement of micronutrient supplements worth a total of 79 million US dollars from 2024 to 2034, distributing these supplements in countries including Nigeria, Ethiopia, and Bangladesh.
However, less than half of households consume adequately fortified foods across 22 national programs. This gap in nutrition is being addressed through global initiatives, such as the Food Fortifying Initiative (FFI), which supports fortification programs in 30 nations while monitoring progress across 196 countries.
The Food Fortifying Agents sector is witnessing growth in the use of fortified breakfast cereals, dairy drinks, fruit juices, baby formulas, and edible oils. Drum drying held a dominant market position in 2024, capturing more than 68.9%, while dairy queen held a dominant market position, capturing more than 31.2%.
In conclusion, the Food Fortifying Agent Market is poised for significant growth in the coming years, with key players innovating and global initiatives addressing nutritional gaps. The sector's focus on clean labels, custom blends, and sustainable solutions bodes well for its future.
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