Market Size of Europe Food Fortifying Agents Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Food Fortifying Agents Market Analysis
The Europe food fortifying agents market is growing at a CAGR of 5.2% during the forecast period 2020 - 2025.
- The market is mainly driven by the multi-functionality of food fortifying agents, coupled with the growing demand from the food & beverage industry. Furthermore, the support of government organizations has also fueled market growth. For instance, the Food and Agricultural Organization (FAO) and the World Health Organization (WHO) has recognized food fortification as one of the key strategies to reduce the widespread malnutrition, particularly in underdeveloped countries.
- However, increasing raw material cost and competition among raw material suppliers along with regulations regulating the production of use of food fortifying agents are one of the factors that are restraining the growth of the market.
