South America 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 | 2.84 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Food Fortifying Agents Market Analysis
South America food fortifying agent market is anticipated to witness a CAGR of 2.84% 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 lipids segment holds a prominent share owing to the large number of manufacturers indulged in the manufacture and refining of palm oil in the region. Also, the growing industrialization in the region is a promoting factor for the market, as a whole.
- The vitamin segment is projected to show rapid growth due to the associated health benefits, mainly targeted by the increase in the population that requires essential vitamins to maintain regular metabolic activities.
South America Food Fortifying Agents Market Trends
This section covers the major market trends shaping the South America Food Fortifying Agents Market according to our research experts:
Rising Consumption of Vitamin-infused Foods & Beverages
The demand for fortified foods and beverages market was witnessed to have an increasing trend owing to the rising health consciousness among the consumers and vitamin deficiencies can lead to many ailments such as anemia, scurvy, beriberi, and pellagra. Moreover, these conditions are even present in a relatively well-nourished society due to the lack of vitamins in regular diets. Therefore, food fortification with vitamins was proven as an effective tool for tackling nutritional deficiencies among the population. Frequent launches of newly formulated products with modified blends of vitamins is likely to fuel the growth of the market, such as Vitamin-Infused Coffee, Snap Super Candy (vitamin-infused snacks), vitamin-infused water and vitamin D fortified milk.
Brazil is the largest Market for Fortifying Agents
Brazil is South America's largest economy and has the highest population, maximum GDP, and the greatest number of trades in South America. Hence, it provides a good opportunity for the ingredient manufacturers to offer their products to the freshly blooming local industries and establish a strong consumer base in the Brazilian market. Additionally, the extensive number of domestic manufacturers of palm oil further pump the market growth.
The speeding meat-alternative industry in the country is also a major segment of potential, along with the well-established processed meat sector in the country. Thus, to evaluate the overall industrial scenario in the country to cater to the demands of both the local population and the trade requirements, the food fortifying agent market is likely to witness significant growth over the forecast period.
South America Food Fortifying Agents Industry Overview
The South America food fortifying agent market is fragmented, owing to the presence of large regional and domestic players in the different countries of the region. 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.
The global giants are expanding their businesses by setting up new plants or by increasing the capacity of the existing ones to cater to the inflated demand in the region for various food additives, including fortifying agents. Moreover, Argentina and Colombia pose a major opportunity for the industry with the evolving societies in the countries. Few of the major players in this market include Cargill Incorporated, Archer Daniels Midland Company, DuPont, BASF SE, and Advanced Organic Materials S.A.
South America Food Fortifying Agents Market Leaders
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BASF SE
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Cargill Inc.
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Archer Daniels Midland Company
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AOM SA
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Chr. Hansen Holding A/S
*Disclaimer: Major Players sorted in no particular order
South America 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 Brazil
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5.3.2 Argentina
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5.3.3 Rest of South 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 BASF SE
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6.3.2 Cargill Inc.
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6.3.3 DuPont de Nemours, Inc.
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6.3.4 Archer Daniels Midland Company
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6.3.5 Ingredion Inc
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6.3.6 AOM SA
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6.3.7 Corbion NV
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6.3.8 Koninklijke DSM N.V
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6.3.9 Chr. Hansen Holding A/S
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Food Fortifying Agents Industry Segmentation
South 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 Brazil, Argentina, and the Rest of South 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 | |
| Brazil | |
| Argentina | |
| Rest of South America |
South America Food Fortifying Agents Market Research FAQs
What is the current South America Food Fortifying Agents Market size?
The South America Food Fortifying Agents Market is projected to register a CAGR of 2.84% during the forecast period (2024-2029)
Who are the key players in South America Food Fortifying Agents Market?
BASF SE, Cargill Inc., Archer Daniels Midland Company, AOM SA and Chr. Hansen Holding A/S are the major companies operating in the South America Food Fortifying Agents Market.
What years does this South America Food Fortifying Agents Market cover?
The report covers the South America Food Fortifying Agents Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Food Fortifying Agents Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Food Fortifying Agents Industry Report
Statistics for the 2024 South America Food Fortifying Agents market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America 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.
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