South America Food Fortifying Agents Market Size

Statistics for the 2023 & 2024 South America Food Fortifying Agents market size, created by Mordor Intelligence™ Industry Reports. South America Food Fortifying Agents size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of South America Food Fortifying Agents Industry

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South America Food Fortifying Agent Market
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

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*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.

South America Food Fortifying Agent Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)