Global Food Fortifying Agents Market Size & Outlook
The food fortifying agents industry worldwide is expected to reach a projected revenue of US$ 169,473.3 million by 2030. A compound annual growth rate of 9% is expected of the worldwide food fortifying agents industry from 2024 to 2030.
Revenue, 2023 (US$M)
$92,865.0
Forecast, 2030 (US$M)
$169,473.3
CAGR, 2024 - 2030
9%
Report Coverage
Worldwide
Global food fortifying agents market, 2018-2030 (US$M)
Global food fortifying agents market highlights
- The global food fortifying agents market generated a revenue of USD 92,865.0 million in 2023 and is expected to reach USD 169,473.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9% by 2030.
- In terms of segment, vitamins accounted for a revenue of USD 92,865.0 million in 2023.
- Vitamins is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 92,865.0 million |
| Market revenue in 2030 | USD 169,473.3 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins |
| Fastest growing segment | Vitamins |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vitamins |
Other key industry trends
- In terms of revenue, the North America accounted for 30.4% of the global food fortifying agents market in 2023.
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Food Fortifying Agents Market Scope
Food fortifying agents market segmentation & scope
Application
Dairy & Dairy-based Products
Infant Formula
Cereals & Cereal-based Products
Beverages
Dietary supplements
Fats & oils
Others
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Food Fortifying Agents Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global food fortifying agents market size, by regions, 2018-2030 (US$M)
Related regional statistics
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