Market Size of Africa Vitamin Fortified and Mineral Enriched Food & Beverage Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.70 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Africa Vitamin Fortified & Mineral Enriched Food & Beverage Market Analysis
Africa Vitamin Fortified and Mineral Enriched Food & Beverage Market is projected to register a CAGR of 6.7%, during the forecast period 2020-2025.
- Millennials or young working adults in Africa are the major target audience for the fortified food industry. They are young and much more open to changes in conventional products. Additionally, this group of consumers is more educated to recognize the added ingredients and are willing to pay more for these products with higher health benefits.
- Moreover, consumers are more likely to buy it for themselves as well as for their children, as compared to the older population. Therefore, with the increase in population, changes in buying patterns, and growing health concerns, the market share of vitamin fortified and mineral enriched food in the African region is set to increase.
