Market Size of Vitamin Fortified and Mineral Enriched Food & Beverage Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 7.12 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Mineral Enriched Food Beverage Market Analysis
Global vitamin fortified and mineral enriched food & beverage market is projected to register a CAGR of 7.12% 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.
- Furthermore, The United Nations' Food and Agriculture Organization recommends that governments in countries with high malnutrition rates consider fortifying food with iodine, iron and vitamin A in particular and that they regulate fortification.