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Europe Food Fortifying Agents Market Size (2024 - 2029)

The Europe food fortifying agents market is experiencing growth driven by the multifunctionality of these agents and rising demand from the food and beverage industry. Government support, including recognition by organizations like the FAO and WHO, has further propelled the market, highlighting food fortification as a crucial strategy to combat malnutrition. However, the market's expansion is hindered by the increasing costs of raw materials, competitive pressures among suppliers, and regulatory challenges affecting the production and use of these agents.

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Market Size of Europe Food Fortifying Agents Industry

Europe Food Fortifying Agent Market Summary
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

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*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 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
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Europe Food Fortifying Agents Market Size Summary

The Europe food fortifying agents market is experiencing significant growth, driven by the multifunctionality of these agents and increasing demand from the food and beverage industry. Government support, particularly from organizations like the FAO and WHO, has further propelled market expansion by promoting food fortification as a strategy to combat malnutrition. However, challenges such as rising raw material costs, competition among suppliers, and regulatory constraints are hindering market progress. The market is characterized by a competitive landscape with numerous domestic and multinational companies vying for market share, focusing on mergers, expansions, acquisitions, and strategic partnerships to enhance their brand presence.

In the European region, the market is witnessing rapid growth, especially in the United Kingdom, France, Germany, and Spain, driven by the rising consumption of nutritious convenience foods and increased health awareness among consumers. The demand for health-based products, particularly prebiotics and probiotics, is on the rise, with applications in dairy products, baked goods, and fermented meats. These probiotics not only enhance the nutritional value and flavor of foods but also extend shelf life and reduce contamination risks. Key players in the market, such as Cargill, Archer Daniels Midland Company, BASF SE, and others, are actively engaged in developing multifunctional products to meet the evolving consumer demands.

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Europe Food Fortifying Agents Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Proteins & Amino Acids

      2. 2.1.2 Vitamins & Minerals

      3. 2.1.3 Lipids

      4. 2.1.4 Prebiotics & Probiotics

      5. 2.1.5 Others

    2. 2.2 By Application

      1. 2.2.1 Infant Formula

      2. 2.2.2 Dairy & Dairy-Based Products

      3. 2.2.3 Cereals & Cereal-based Products

      4. 2.2.4 Fats & Oils

      5. 2.2.5 Beverages

      6. 2.2.6 Dietary Supplements

      7. 2.2.7 Others

    3. 2.3 By Geography

      1. 2.3.1 United Kingdom

      2. 2.3.2 Germany

      3. 2.3.3 France

      4. 2.3.4 Spain

      5. 2.3.5 Italy

      6. 2.3.6 Russia

      7. 2.3.7 Rest of Asia Pacific

Europe Food Fortifying Agents Market Size FAQs

The Europe Food Fortifying Agents Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)

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.

Europe Food Fortifying Agents Report Snapshots

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