Europe Food Fortifying Agents Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Food Fortifying Agents Market Analysis
The Europe food fortifying agents market is growing at a CAGR of 5.2% during the forecast period 2020 - 2025.
- The market is mainly driven by the multi-functionality of food fortifying agents, coupled with the growing demand from the food & beverage industry. Furthermore, the support of government organizations has also fueled market growth. For instance, the Food and Agricultural Organization (FAO) and the World Health Organization (WHO) has recognized food fortification as one of the key strategies to reduce the widespread malnutrition, particularly in underdeveloped countries.
- However, increasing raw material cost and competition among raw material suppliers along with regulations regulating the production of use of food fortifying agents are one of the factors that are restraining the growth of the market.
Europe Food Fortifying Agents Market Trends
This section covers the major market trends shaping the Europe Food Fortifying Agents Market according to our research experts:
Acquisitive Demand of Prebiotics & Probiotics for Food Fortification
The prebiotics and probiotics market is driven by the robust demand for health-based products, among consumers, especially by the younger generations. Probiotics are incorporated to increase overall nutritive value as well as the flavor of processed foods such as dairy-based products, baked goods, and different food products. For instance, in collaboration with Chr. Hansen, a Danish bioscience company, Chaban developed a bio kefir and bio yogurt with lactobacteria, Lactobacillus rhamnosus, LGG to satiate the inflating demand for probiotic drinks in the country as the locals are fond of the conventional forms of these drinks.
Similarly, the use of probiotic strains in fermented meat products such as salami and ham increases the shelf life of meat products by providing a natural defense against airborne mold and bacteria thereby reducing the risk of cross-contamination. The probiotic strain of Lactobacillus is also used in fortifying infant milk formulations as it mimics the natural bacteria found in infant gut which may boost probiotics industry growth. Thus, the growing application of probiotics in food fortification has anticipated boosting the overall growth of the food fortification market.
United Kingdom to have the Fastest Growing Market
The market for food fortifying agents in the European region, particularly in the United Kingdom, is witnessed to have the fastest growth, followed by France, Germany, and Spain. The large demand for food fortifying agents in the country is due to the increase in consumption of nutritive convenience food and fortified food and the growth in health awareness among consumers among the country. Furthermore, rapid advancements in technology and companies' efforts in trying to develop products with multifunctional applications are driving the fortified food ingredients segment of the market.
Europe Food Fortifying Agents Industry Overview
The Europe food fortifying agent market is competitive in nature having a large number of domestic and multinational players competing for market share. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the regional market include Cargill, Incorporated, Archer Daniels Midland Company, BASF SE, Kerry Group plc., Tate & Lyle PLC, Glanbia PLC, Ingredion Incorporated, and Chr. Hansen Holding AS, among others.
Europe Food Fortifying Agents Market Leaders
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Cargill, Incorporated
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Archer Daniels Midland Company
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BASF SE
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Tate & Lyle PLC
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Kerry Group plc
*Disclaimer: Major Players sorted in no particular order
Europe Food Fortifying Agents Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables & Study Assumptions
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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 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 By Type
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5.1.1 Proteins & Amino Acids
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5.1.2 Vitamins & Minerals
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5.1.3 Lipids
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5.1.4 Prebiotics & Probiotics
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5.1.5 Others
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5.2 By Application
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5.2.1 Infant Formula
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5.2.2 Dairy & Dairy-Based Products
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5.2.3 Cereals & Cereal-based Products
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5.2.4 Fats & Oils
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5.2.5 Beverages
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5.2.6 Dietary Supplements
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5.2.7 Others
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5.3 By Geography
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5.3.1 United Kingdom
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5.3.2 Germany
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5.3.3 France
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5.3.4 Spain
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5.3.5 Italy
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5.3.6 Russia
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5.3.7 Rest of Asia Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Position Analysis
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6.3 Company Profiles
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6.3.1 Cargill, Incorporated
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6.3.2 Archer Daniels Midland Company
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6.3.3 BASF SE
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6.3.4 Kerry Group plc.
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6.3.5 Tate & Lyle PLC
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6.3.6 Glanbia PLC
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6.3.7 Ingredion Incorporated
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6.3.8 Chr. Hansen Holding AS
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Food Fortifying Agents Industry Segmentation
The Europe food fortifying agent market is segmented by type and application. By type, the market is segmented into proteins & amino acids, vitamins & minerals, lipids, prebiotics & probiotics, and others, and by application into infant formula, dairy & dairy-based products, cereals & cereal-based products, fats & oils, beverages, dietary supplements, and others. Also, the study provides an analysis of the food fortifying agent market in the emerging and established markets across Europe, including the United Kingdom, Germany, France, Spain, Russia, Italy, and the Rest of Europe.
| By Type | |
| Proteins & Amino Acids | |
| Vitamins & Minerals | |
| Lipids | |
| Prebiotics & Probiotics | |
| Others |
| By Application | |
| Infant Formula | |
| Dairy & Dairy-Based Products | |
| Cereals & Cereal-based Products | |
| Fats & Oils | |
| Beverages | |
| Dietary Supplements | |
| Others |
| By Geography | |
| United Kingdom | |
| Germany | |
| France | |
| Spain | |
| Italy | |
| Russia | |
| Rest of Asia Pacific |
Europe Food Fortifying Agents Market Research FAQs
What is the current Europe Food Fortifying Agents Market size?
The Europe Food Fortifying Agents Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)
Who are the key players in Europe Food Fortifying Agents Market?
Cargill, Incorporated, Archer Daniels Midland Company, BASF SE, Tate & Lyle PLC and Kerry Group plc are the major companies operating in the Europe Food Fortifying Agents Market.
What years does this Europe Food Fortifying Agents Market cover?
The report covers the Europe Food Fortifying Agents Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Food Fortifying Agents Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Food Fortifying Agents Industry Report
Statistics for the 2024 Europe Food Fortifying Agents market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Food Fortifying Agents analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Europe Food Fortifying Agents Report Snapshots
