Market Size of South America Food Fortifying Agents Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.84 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Food Fortifying Agents Market Analysis
South America food fortifying agent market is anticipated to witness a CAGR of 2.84% during the forecast period (2020-2025).
- The market is mainly driven by the increase in the growth of the health consciousness of consumers in the region.
- The lipids segment holds a prominent share owing to the large number of manufacturers indulged in the manufacture and refining of palm oil in the region. Also, the growing industrialization in the region is a promoting factor for the market, as a whole.
- The vitamin segment is projected to show rapid growth due to the associated health benefits, mainly targeted by the increase in the population that requires essential vitamins to maintain regular metabolic activities.
