Europe Vitamin Fortified and Mineral Enriched Food & Beverage Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.23 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Vitamin Fortified and Mineral Enriched Food & Beverage Market Analysis
The Europe vitamin fortified and mineral enriched food and beverage market is anticipated to register a CAGR of 4.23%, during the forecast period, 2020-2025.
- Food fortification is attractive because it does not require the target groups to change their diet but can be implemented by the food industry, and because it reaches large numbers of consumers through retail.
- Europe is expected to grow substantially, owing to the existence of fortified food industries and increasing concerns regarding health among consumers.
Europe Vitamin Fortified and Mineral Enriched Food & Beverage Market Trends
This section covers the major market trends shaping the Europe Mineral Enriched Food Beverage Market according to our research experts:
Growing Demand for Functional Food
The increasing consumers' interest, and a better understanding of the immunity enhancing property of proper diet and food habits are some of the key factors driving the growth of the Europe vitamin fortified and mineral enriched food and beverage market. In many countries, strict regulations are imposed on advertisements and labelling of products. Functional food ingredients are not easily available in supermarkets and grocery stores, and often tend to be expensive. Many consumers are unaware of how these products can be incorporated into their daily dietary intake. These factors, collectively, are obstructing the growth of the market.
Increasing demand for breakfast cereals
Breakfast cereals holds a prominient market share owing to the convenience solution it offers to the consumers. The market is mostly driven by the consumers having busy lifestyle as these are the processed grain formulations suitable for consumption without further cooking. Whole grain based ready-to-eat cereals are leading the market owing to the value-addition in terms of micronutrients in these products. Also, the leading companies are trying to blend organic and healthy ingredients in order to boost the sales of breakfast cereals.
Europe Vitamin Fortified and Mineral Enriched Food & Beverage Industry Overview
The Europe vitamin fortified and mineral enriched food and beverage market is fragmented and competitive in nature having large number of domestic and multinational player competing for market share. Companies are focusing on new product launch with healthier ingredients/organic claim, along with acquisition, merger, partnership, and expansions as their key marketing strategy. Some of the major players in the market studied are Abbott, KELLOGG Company, Nestle, Amway, among others.
Europe Vitamin Fortified and Mineral Enriched Food & Beverage Market Leaders
Abbott
KELLOGG Company
Nestle
PepsiCo
Amway
*Disclaimer: Major Players sorted in no particular order
Europe Vitamin Fortified and Mineral Enriched Food & Beverage Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Bargaining Power of Suppliers
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Threat of New Entrants
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Product Type
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5.1.1 Cereal-based Products
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5.1.2 Dairy Products
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5.1.3 Beverages
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5.1.4 Infant Formulas
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5.1.5 Other Product Types
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5.2 Distribution Channel
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5.2.1 Supermarket/Hypermarket
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5.2.2 Convenience Stores
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5.2.3 Pharmacy/Drug Store
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5.2.4 Online Retail Store
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5.2.5 Other Distribution Channels
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5.3 Geography
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5.3.1 Germany
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5.3.2 United Kingdom
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5.3.3 France
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5.3.4 Spain
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5.3.5 Russia
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5.3.6 Italy
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5.3.7 Rest of Europe
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Abbott Laboratories
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6.3.2 Kellogg Company
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6.3.3 Nestle SA
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6.3.4 PepsiCo Inc.
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6.3.5 Amway Corporation
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6.3.6 The Coca-Cola Company
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6.3.7 The Hain Celestial Group Inc.
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6.3.8 Fulfil
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Vitamin Fortified and Mineral Enriched Food & Beverage Industry Segmentation
The Europe vitamin fortified and mineral enriched food and beverage market is segmented by product type, distribution channel, and geography. On the basis of product type, the market is segmented into cereal-based products, dairy products, beverages, infant formulas, and other product types. On the basis of distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, pharmacy/drug stores, online retail stores, and other distribution channels. The report is also segmented by Geography.
Product Type | |
Cereal-based Products | |
Dairy Products | |
Beverages | |
Infant Formulas | |
Other Product Types |
Distribution Channel | |
Supermarket/Hypermarket | |
Convenience Stores | |
Pharmacy/Drug Store | |
Online Retail Store | |
Other Distribution Channels |
Geography | |
Germany | |
United Kingdom | |
France | |
Spain | |
Russia | |
Italy | |
Rest of Europe |
Europe Vitamin Fortified and Mineral Enriched Food & Beverage Market Research FAQs
What is the current Europe Vitamin Fortified and Mineral Enriched Food & Beverage Market size?
The Europe Vitamin Fortified and Mineral Enriched Food & Beverage Market is projected to register a CAGR of 4.23% during the forecast period (2024-2029)
Who are the key players in Europe Vitamin Fortified and Mineral Enriched Food & Beverage Market?
Abbott, KELLOGG Company, Nestle, PepsiCo and Amway are the major companies operating in the Europe Vitamin Fortified and Mineral Enriched Food & Beverage Market.
What years does this Europe Vitamin Fortified and Mineral Enriched Food & Beverage Market cover?
The report covers the Europe Vitamin Fortified and Mineral Enriched Food & Beverage Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Vitamin Fortified and Mineral Enriched Food & Beverage Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Vitamin Fortified and Mineral Enriched Food & Beverages Industry Report
Statistics for the 2024 Europe Vitamin Fortified and Mineral Enriched Food & Beverages market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Vitamin Fortified and Mineral Enriched Food & Beverages analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Europe Vitamin Fortified and Mineral Enriched Food & Beverages Market Report Snapshots
- Europe Vitamin Fortified and Mineral Enriched Food & Beverages Market Size
- Europe Vitamin Fortified and Mineral Enriched Food & Beverages Market Share
- Europe Vitamin Fortified and Mineral Enriched Food & Beverages Market Trends
- Europe Vitamin Fortified and Mineral Enriched Food & Beverages Companies