Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2020 |
| Fastest Growing Market: | Asia Pacific |
| Largest Market: | North America |
| CAGR: | 4.17 % |
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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 |
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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.
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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.
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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.
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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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 Industry Attractiveness - Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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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 Application
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5.1.1 Food
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5.1.2 Beverage
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5.1.3 Dietary Supplement
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5.1.4 Animal Feed
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5.2 Geography
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5.2.1 North America
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5.2.1.1 United States
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5.2.1.2 Canada
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5.2.1.3 Mexico
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5.2.1.4 Rest of North America
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5.2.2 Europe
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5.2.2.1 Germany
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5.2.2.2 United Kingdom
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5.2.2.3 Italy
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5.2.2.4 France
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5.2.2.5 Russia
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5.2.2.6 Spain
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5.2.2.7 Rest of Europe
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5.2.3 Asia-Pacific
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5.2.3.1 India
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5.2.3.2 China
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5.2.3.3 Japan
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5.2.3.4 Australia
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5.2.3.5 Rest of Asia-Pacific
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5.2.4 South America
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5.2.4.1 Brazil
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5.2.4.2 Argentina
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5.2.4.3 Rest of South America
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5.2.5 Middle-East and Africa
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5.2.5.1 South Africa
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5.2.5.2 Saudi Arabia
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5.2.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Company Profiles
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6.3.1 Koninklijke DSM NV
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6.3.2 The Archer Daniels Midland Company
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6.3.3 Pestell Nutrition Inc
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6.3.4 BASF SE
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6.3.5 Cargill Incorporated
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6.3.6 Merck & Co. Inc.
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6.3.7 DuPont de Nemours Inc.
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Global Mineral Fortification Market market is studied from 2016 - 2026.
What is the growth rate of Global Mineral Fortification Market?
The Global Mineral Fortification Market is growing at a CAGR of 4.17% over the next 5 years.
Which region has highest growth rate in Global Mineral Fortification Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global Mineral Fortification Market?
North America holds highest share in 2020.
Who are the key players in Global Mineral Fortification Market?
Koninklijke DSM N.V., Archer Daniels Midland , Pestell Nutrition Inc, BASF SE , Cargill, Incorporated are the major companies operating in Global Mineral Fortification Market.
