North America Food Fortifying Agent Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.85 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Food Fortifying Agent Market Analysis
North America food fortifying agent market is anticipated to witness a CAGR of 3.85% 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 support of government organizations has also fueled market growth to an extent.
- The vitamin segment holds a prominent share owing to the rise in the number of diseases such as osteoporosis and rickets due to vitamin deficiency, the increasing healthcare cost, and the aging population.
- The dietary supplements are projected to show rapid growth due to the associated health benefits, mainly targeted by the increase in the aging population and growing interest in personal fitness among young adults.
North America Food Fortifying Agent Market Trends
This section covers the major market trends shaping the North America Food Fortifying Agents Market according to our research experts:
Probiotics Segment is Increasing Rapidly in North America
The probiotic market is driven by the robust demand for health-based products, among consumers, especially by the younger generations. Probiotics are a part of functional foods and beverages and are known for improving gut functionality, along with other benefits, including immunity boost and so on. However, since there is no clear demarcation for probiotics-based pharmaceuticals and food products, with variations across different countries, the complexity in the regulatory, legislative, and technological aspects is serving as a major hurdle for market growth in the smaller countries of the region.
United States Dominates the Regional Market
North American food companies are skillful in developing new products. The new products fad today is leaning towards healthy foods involving functional products such as prepared foods which are fortified using various fortifying agents. The United States is one of the largest markets for food ingredients that include fortifying agents as well. Ready-to-eat meals are very popular, the concept of which originated in the United States itself. The new products being developed represent a progressively growing market segment, increasing because of high demand on the part of working women who need to save time. The fortification with fibers, minerals, and vitamins is common in the Ready-to-eat meals in the country.
North America Food Fortifying Agent Industry Overview
The North America market for food fortifying agents is fragmented, owing to the presence of large regional and domestic players in different countries. 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.
North America Food Fortifying Agent Market Leaders
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Cargill Inc.
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DuPont de Nemours, Inc.
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Archer Daniels Midland Company
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Chr. Hansen Holding A/S
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Ingredion Inc.
*Disclaimer: Major Players sorted in no particular order
North America Food Fortifying Agent 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 States
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5.3.2 Canada
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5.3.3 Mexico
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5.3.4 Rest of North America
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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 Inc.
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6.3.2 DuPont de Nemours, Inc.
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6.3.3 Archer Daniels Midland Company
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6.3.4 Ingredion Inc
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6.3.5 Corbion NV
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6.3.6 Koninklijke DSM N.V
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6.3.7 Chr. Hansen Holding A/S
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6.3.8 BASF SE
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Food Fortifying Agent Industry Segmentation
North America food fortifying agent market has been segmented by types, which include proteins & amino acids, vitamins & minerals, lipids, prebiotics & probiotics, and others. Based on application, the market is segmented into infant formula, dairy & dairy-based products, cereals & cereal-based products, fats & oils, beverages, dietary supplements, and others. The market is also segmented by country into the United States, Canada, Mexico, and Rest of North America.
| 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 States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Food Fortifying Agent Market Research FAQs
What is the current North America Food Fortifying Agents Market size?
The North America Food Fortifying Agents Market is projected to register a CAGR of 3.85% during the forecast period (2024-2029)
Who are the key players in North America Food Fortifying Agents Market?
Cargill Inc., DuPont de Nemours, Inc., Archer Daniels Midland Company, Chr. Hansen Holding A/S and Ingredion Inc. are the major companies operating in the North America Food Fortifying Agents Market.
What years does this North America Food Fortifying Agents Market cover?
The report covers the North America Food Fortifying Agents Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Food Fortifying Agents Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Food Fortifying Agents Industry Report
Statistics for the 2024 North America Food Fortifying Agents market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Food Fortifying Agents analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
North America Food Fortifying Agents Market Report Snapshots
