Fortified foods are foods which have nutrients added to them which by nature don’t occur in the food. These are intended to enhance nutrition plus add health gains. With the advancement of food technology in leaps and bounds, prompting the fortification of major food elements, for example, sugars with necessary nutrients such as vitamins and minerals. After its inception, fortified sugars have witnessed expansion around the worldwide food industry.
The worldwide market for fortified sugars is set to experience a firm growth at CAGR of 5.1% all through the predicted period of 2017-2026. The overall market is estimated to gain market valuation in excess of US$ 9.6 Billion through the end of the assessment year 2026.
The global market on the basis of micronutrients includes minerals, vitamins and other fortifying nutrients. The vitamins fortified sugars were anticipated to be a market worth of above US$ 2.7 Billion during 2017. Owing to rising deficiency of vitamin A recorded all around the world has boosted the demand for the vitamins category.
This segment as a major fortifying micronutrient is projected to gain traction, whereas minerals will be recording a high CAGR over the predicted period. The drying micronutrients are considered to be dominating as well as emerging as the most sought-after technology, by gaining around 48% of market share through 2026.
The global market based on the technology includes coating encapsulation, extrusion and drying.
The worldwide market based on the end users includes residential and commercial. The commercial end-use is considered to gain in excess of US$ 5.2 Billion through 2026 end.
The worldwide market based on the sales channel includes online stores, drug stores, departmental stores, convenience stores, modern trade and other sales channel. The modern trade is expected to remain as the biggest sales channel in the global market. Nevertheless, the departmental stores, convenience stores and online stores will be registering the highest traction, recording a 6.0% value CAGRs respectively.
The global market based on the region includes MEA, APEJ, Japan, Europe, Latin America and North America. The Asia-Pacific excluding Japan (APEJ) region is considered to dominate among other regions. APEJ countries, for instance, India and China are significantly noticed as lucrative regions for the fortification of sugars. Trouble-free acquirement of raw materials, favorable industrial regulations and huge customer base will be drawing major market players to the APEJ market for fortified sugar in the approaching years.
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The prominent market players functional operating in the worldwide market include,
Buhler AG, Bunge Limited, Cargill Incorporated., General Mills, Inc., BASF SE, DSM, Willmar International Ltd., Tereos Seducer AG, Associated British Foods, Cosan, Nordzucker AG, Mitr Phol Sugar Corporation. Ltd., Others.