Mineral Fortification Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Mineral Fortification Market is segmented by Application (Food, Beverage, Dietary Supplement, and Animal Feed) and by Geography.

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Market Snapshot

Mineral Fortification Market Size
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.17 %
Mineral Fortification Market key players

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Market Overview

The mineral fortification market is projected to record a CAGR of 4.17% during the forecast period (2020 - 2025).

  • The fortification as a way of value-addition has been gaining traction quite recently, owing to the collective efforts from both governmental and non-governmental agencies in the backdrop of rising health consciousness and enhanced awareness among the general masses.
  • Minerals and vitamins in particular as a type of micronutrients are known to prevent diseases, strengthen immune systems, and improve productivity and cognitive development.

Scope of the report

The mineral fortification market includes revenue generated through food, beverage, dietary supplement, and animal feed. Additionally, the study covers market revenue in major countries of the regions North America, Europe, Asia-Pacific, South America, and Middle-East and Africa.

Application
Food
Beverage
Dietary Supplement
Animal Feed
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Italy
France
Russia
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle-East and Africa

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Key Market Trends

Food Application Holds Promising Future

The mineral fortification market is preliminarily driven by the need to supplement monotonous staple cereal diet, which is a poor sources of key mineral nutrients. This concern regarding the nutrition profiles of various staple foods has led to a wide array of mineral-fortified products in both the food and drink sectors. Minerals are well-known for their healing properties - they help human body in building a resistive system against common diseases. The rising prevalence of diseases like osteoporosis and anemia have made people aware about key micronutrients and their significance in their diet leading to overall push in the mineral fortification market.

Mineral Fortification Market Trends

Asia-Pacific is the Fastest Growing Consumer Market

Asia-Pacific has been the leading regional market followed by Europe and North America. The mineral fortification, particularly in the soft drink sector in all the developed markets is growing exponentially. China is supposed to witness significant growth owing to the robust presence of efficient food industries coupled with increasing old age population consumption. The emerging markets like that of India, Pakistan, and Bangladesh are progressing at an ever-expanding rate owing to the relentless search for bioavailable and organoleptically acceptable ways to fortify a variety of staple foods with myriad of minerals. Many countries are implementing milk fortification program, which is expected to drive the overall market demand in near future.

Mineral Fortification Market Growth rate

Competitive Landscape

The mineral fortification market faces high competition, with the presence of both global and local players. Some of the companies operating in this market are Koninklijke DSM NV, Archer Daniels Midland, and BASF. There has been a presence of numerous regional players, which makes the competition tougher for the international players, in terms of the price competitiveness, brand popularity, and dynamic offerings, as per the regional taste and preferences.

Major Players

  1. Koninklijke DSM N.V.

  2. Archer Daniels Midland

  3. Pestell Nutrition Inc

  4. BASF SE

  5. Cargill, Incorporated

Koninklijke DSM N.V, Archer Daniels Midland, Pestell Nutrition Inc, BASF SE, Cargill, Incorporated

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Food

      2. 5.1.2 Beverage

      3. 5.1.3 Dietary Supplement

      4. 5.1.4 Animal Feed

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

        4. 5.2.1.4 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 Italy

        4. 5.2.2.4 France

        5. 5.2.2.5 Russia

        6. 5.2.2.6 Spain

        7. 5.2.2.7 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 India

        2. 5.2.3.2 China

        3. 5.2.3.3 Japan

        4. 5.2.3.4 Australia

        5. 5.2.3.5 Rest of Asia-Pacific

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. 5.2.5.1 South Africa

        2. 5.2.5.2 Saudi Arabia

        3. 5.2.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Company Profiles

      1. 6.3.1 Koninklijke DSM NV

      2. 6.3.2 The Archer Daniels Midland Company

      3. 6.3.3 Pestell Nutrition Inc

      4. 6.3.4 BASF SE

      5. 6.3.5 Cargill Incorporated

      6. 6.3.6 Merck & Co. Inc.

      7. 6.3.7 DuPont de Nemours Inc.

      4. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Global Mineral Fortification Market market is studied from 2016 - 2026.

The Global Mineral Fortification Market is growing at a CAGR of 4.17% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Koninklijke DSM N.V., Archer Daniels Midland , Pestell Nutrition Inc, BASF SE , Cargill, Incorporated are the major companies operating in Global Mineral Fortification Market.

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