Market Size of Europe Vitamin Fortified And Mineral Enriched Food & Beverage Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 23.90 Billion |
Market Size (2029) | USD 28.90 Billion |
CAGR (2024 - 2029) | 3.89 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Vitamin Fortified and Mineral Enriched Food & Beverage Market Analysis
The Europe Vitamin Fortified And Mineral Enriched Food & Beverage Market size is estimated at USD 23.90 billion in 2024, and is expected to reach USD 28.90 billion by 2029, growing at a CAGR of 3.89% during the forecast period (2024-2029).
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. Foods such as breakfast cereals, dairy products, and other food and beverages are gaining popularity among consumers. Moreover, consumers in the region are well-informed about the food they consume. Foods that contain additional benefits, such as vitamins, are gaining demand among consumers in the market.
The increasing prevalence of vitamin deficiency among consumers across the region increased demand for vitamin-fortified food and beverages. The local authorities suggested that consumers in the region consume vitamin D-infused food and beverage products to compensate for their nutrition intake. Owing to the demand, manufacturers are focusing on introducing ready-to-eat foods containing vitamin D to attract consumers in the market. For instance, in July 2022, Dina Foods, operating in the United Kingdom, launched its new flatbread products rich in Vitamin D. These products are retailed across supermarkets and other retail channels.
Breakfast cereals hold a prominent market share due to the convenience solution they offer consumers. The market is mainly driven by the busy lifestyles of individuals as these products are processed grain formulations suitable for consumption without further cooking. Whole grain-based ready-to-eat cereals are leading the market owing to the value addition of micronutrients in these products. Also, the leading companies are trying to blend organic and healthy ingredients to boost the sales of breakfast cereals.
Europe is expected to grow substantially, owing to the existence of fortified food industries and increasing concerns among consumers regarding health.
Europe Vitamin Fortified and Mineral Enriched Food & Beverage Industry Segmentation
The report considers fortified food products infused with vitamins and minerals to enhance their nutritional profile.
Europe vitamin fortified and mineral-enriched food and beverage market is segmented by product type, distribution channel, and geography. Based on product type, the market is segmented into cereal-based products, dairy products, beverages, infant formulas, and other product types. Based on distribution channels, the market is segmented into supermarkets/hypermarkets, convenience stores, pharmacy/drug stores, online retail stores, and other distribution channels. The report is also segmented by Geography into Germany, the United Kingdom, France, Spain, Russia, Italy, and the Rest of Europe.
The report offers the market size in value terms in USD for all the above-mentioned segments.
Product Type | |
Cereal-based Products | |
Dairy Products | |
Beverages | |
Infant Formulas | |
Other Product Types |
Distribution Channel | |
Supermarket/Hypermarket | |
Convenience Stores | |
Pharmacy/Drug Store | |
Online Retail Store | |
Other Distribution Channels |
Geography | |
Germany | |
United Kingdom | |
France | |
Spain | |
Russia | |
Italy | |
Rest of Europe |
Europe Vitamin Fortified And Mineral Enriched Food & Beverage Market Size Summary
The European market for vitamin-fortified and mineral-enriched food and beverages is experiencing notable growth, driven by increasing consumer awareness and demand for health-enhancing products. This market is characterized by the fortification of everyday foods, such as breakfast cereals and dairy products, which allows consumers to improve their nutritional intake without altering their dietary habits. The convenience of ready-to-eat and easy-to-consume products, particularly whole grain-based cereals, is a significant factor in their popularity. As consumers become more informed about the benefits of vitamins and minerals, there is a growing preference for foods and beverages that offer additional health benefits, such as improved immunity and overall wellness.
The demand for fortified beverages is also on the rise, with products like vitamin-enriched waters, fortified juices, and functional dairy drinks gaining traction. These beverages are increasingly seen as healthier alternatives to traditional carbonated drinks, appealing to health-conscious consumers and those engaged in sports and fitness activities. The market is competitive, with both domestic and multinational companies like Abbott, KELLOGG Company, Nestle, and Amway actively launching new products and expanding their offerings to capture market share. The focus on innovative products with organic and healthier ingredient claims, along with strategic partnerships and expansions, is shaping the competitive landscape of the European vitamin-fortified and mineral-enriched food and beverage market.
Europe Vitamin Fortified And Mineral Enriched Food & Beverage Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Increasing demand for healthy alternative food products
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1.1.2 Advancements in vitamin infusion into food products
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1.2 Market Restraints
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1.2.1 Expensive pricing of vitamin-infused food products
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1.3 Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Cereal-based Products
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2.1.2 Dairy Products
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2.1.3 Beverages
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2.1.4 Infant Formulas
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2.1.5 Other Product Types
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2.2 Distribution Channel
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2.2.1 Supermarket/Hypermarket
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2.2.2 Convenience Stores
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2.2.3 Pharmacy/Drug Store
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2.2.4 Online Retail Store
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2.2.5 Other Distribution Channels
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2.3 Geography
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2.3.1 Germany
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2.3.2 United Kingdom
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2.3.3 France
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2.3.4 Spain
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2.3.5 Russia
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2.3.6 Italy
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2.3.7 Rest of Europe
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Europe Vitamin Fortified And Mineral Enriched Food & Beverage Market Size FAQs
How big is the Europe Vitamin Fortified And Mineral Enriched Food & Beverage Market?
The Europe Vitamin Fortified And Mineral Enriched Food & Beverage Market size is expected to reach USD 23.90 billion in 2024 and grow at a CAGR of 3.89% to reach USD 28.90 billion by 2029.
What is the current Europe Vitamin Fortified And Mineral Enriched Food & Beverage Market size?
In 2024, the Europe Vitamin Fortified And Mineral Enriched Food & Beverage Market size is expected to reach USD 23.90 billion.
Europe Vitamin Fortified and Mineral Enriched Food & Beverages Market Report Snapshots
- Europe Vitamin Fortified and Mineral Enriched Food & Beverages Market Size
- Europe Vitamin Fortified and Mineral Enriched Food & Beverages Market Share
- Europe Vitamin Fortified and Mineral Enriched Food & Beverages Market Trends
- Europe Vitamin Fortified and Mineral Enriched Food & Beverages Companies