Fortify Flour Market, By Type (Vitamins (Vitamin A, Vitamin B, Vitamin B2, and Niacin), and Minerals (Calcium, Iron, Magnesium, and Zinc)), By Application (Baked Goods, Snacks, Desserts, and Main Dishes), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI287019 | Publish Date: April 2024 | No. of Pages: 190

Global Fortify Flour Market By Overview

  • Market Value (2024): The Fortify Flour Market was valued at US$ 3.1 billion.
  • Future Market Value (2034): Anticipated to reach US$ 6.0 billion by 2034.
  • Projected Growth Rate: Expected to grow at a CAGR of 7.5% from 2024 to 2034.

Fortify flour is a kind of flour that has been enhanced with vital elements like iron, folic acid, vitamin B, and other micronutrients. The goal of this fortification procedure is to compensate for dietary deficits and enhance the general health of those individuals who consume the flour. The meal is high in nutrients and is quite nourishing because these goods have an inherent nutrient quality. Fortifying flour is in high demand as customers become more health conscious and look for products with additional nutritional value. Moreover, the growing incidence of dietary deficiencies, particularly in emerging nations, has aided in the expansion of the market.

The risk of several health issues linked to nutrient deficiencies can be decreased by consuming fortified flour on a regular basis. Additionally, by guaranteeing access to vital nutrients, fortified flour programs support food security, especially in areas with limited food availability and dietary diversity.

Over the course of the projection period, the market for fortified flour is anticipated to rise significantly. The need for fortified flour is being driven by the public's growing awareness of the value of a balanced diet and the escalating incidences of nutrient deficiencies. The industry is expanding because of additional government initiatives and legislation that support flour fortification as a means of addressing nutritional inadequacies. However, problems with accessibility and pricing in developing areas could prevent the industry from expanding further. Also, proper technological methods and cautious handling is needed to preserve nutritional stability of items throughout the processing and storage period, which acts as another major restraining factor that can prevent the target market growth.

Introduction - Fortify Flour Market

Global Fortify Flour Market By Drivers & Restraints

Fortify Flour Market Key Drivers:

Increasing Knowledge about Nutritious Needs

  • The market for fortified flour has grown significantly in recent years as consumers' awareness of the advantages of fortified meals has grown. Fortifying flour is in high demand as customers become more health conscious and look for products with additional nutritional value.

  • Moreover, the growing incidences of dietary deficiencies, particularly in emerging nations, has aided in the expansion of the market. Also, these individuals are willing to pay more to make sure they are consuming goods that support general health and wellness because they are worried about the nutritional value of the food they eat.
  • Furthermore, the Fortify Flour market caters to people who are health-conscious and follow particular dietary requirements, like eating vegan or gluten-free products.

 Overcoming Nutrient Deficiencies                             

  • It has been observed particularly in populations with restricted access to a variety of meals, fortification aids in addressing deficits of vital vitamins and minerals in their regular food products. Additionally, the demand for fortified flour is anticipated to rise in response to the rising rates of malnutrition and micronutrient deficiencies among the world's population.

Fortify Flour Market Restrains:

High Cost of Production

  • The market for fortified flour has several obstacles, including the high expense of adding vitamins and other elements to flour and the tendency of customers to choose less expensive goods over better alternatives. The benefits of consuming items made with fortified flour are also not well known and recognized, which restricts expansion of the target market over the forecast period.

Fortify Flour Market Opportunities:

  • The global market for fortified flour is expanding significantly as consumers are becoming more aware of the advantages of fortified flour in terms of enhancing nutritional intake. Micronutrients including vitamins and minerals, which are vital for sustaining good health, are present in fortified flour.
  • Furthermore, growing public awareness of malnutrition and government programs to end it boost market expansion. The market for fortified flour is anticipated to grow in the coming years as producers concentrate on creating fortified goods that meet particular dietary needs in order to reach a larger customer base around the world.

Global Fortify Flour Market By Segmentations & Regional Insights

Fortify Flour Market is segmented based on type, application, and region.

Type Insights        

  • Vitamins: Vitamins category include vital vitamins that are added to flour to alleviate specific nutrient deficits and enhance the overall nutritional value of items made with flour.
  • Vitamin A: Vitamin A is a vital component required for enhanced immune system performance, cell division and development, and vision.
  • Vitamin B: Vitamin B is a vital component needed to enhance cell activity, energy metabolism, and the functioning of the neurological system.
  • Vitamin B2: Vitamin B2 contributes to the synthesis of energy, cellular activity, and in enhancing vision.  Its deficiency can result in skin issues, light sensitivity, and conditions like mouth corner cracks.
  • Niacin: Niacin promotes healthy skin, the effective functioning of neurological system, and energy metabolism. Its deficiency can result in pellagra, a disease that causes diarrhea, dermatitis, and dementia.
  • Minerals: Minerals segment deals with adding vital minerals to flour to improve its nutritional value and fill in certain dietary nutrient deficits of individuals.
  • Calcium: Calcium is an essential mineral required for developing and keeping healthy teeth and bones.
  • Iron: Iron is a necessary component for the blood's oxygen delivery system and the production of red blood cells.
  • Magnesium: Magnesium supports the activity of enzymes, blood sugar regulation, and muscle and nerve function in people.
  • Zinc: Zinc contributes to the action of enzymes, wound healing, and immunity in people.

Application Insights

  • Baked Goods: Baked goods include bread, pastries, and cakes that can profit from the enhanced texture and additional nutrients that enriched flour offers.
  • Snacks: Snacks segment utilizes this flour to help improve the nutritional value of snacks like crackers and biscuits.
  • Desserts: Desserts segment uses this flour to fortify desserts such as pies, muffins, and donuts to make them healthier and nutritional in nature.
  • Main Dishes: Main dishes uses fortified flour to improve the nutritional profile of various food items like pasta, dumplings, and flatbreads, however it is less popular and not widely eaten.

Regional Insights:

Regional Insights - Fortify Flour Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Fortify Flour Market Regional Insights

  • North America market is estimated to witness fastest revenue share due to an increasing inclination for fortified food supplements along with high disposable expenditures. The target market growth is also supported with the rise in customer choices for healthy food items.
  • Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to increasing consumer base and rising health consciousness in the region. The target market growth is also supported with the rise in schemes and programs that help in overcoming malnutrition and several other deficiencies of various individuals.
  • Europe market is expanding steadily and is well-established for the target market where whole-grain alternatives are prioritized, public health is promoted, and fortification levels are regulated on a regular basis.
  • Latin America market is an emerging region with a growing emphasis on strengthening programs fortifying staple foods and treating micronutrient shortages in people by the implementation of laws regarding the same.
  • Middle East & Africa market is in its developmental stages with enormous growth potential as a result of population increase and rising demand for reasonably priced, basic goods from consumers.

Report Scope:

Attribute            

Details

Market Size 2024

US$ 3.1 billion

Projected Market Size 2034

US$ 6.0 billion

CAGR Growth Rate

7.5%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type - Vitamins (Vitamin A, Vitamin B, Vitamin B2, and Niacin), and Minerals (Calcium, Iron, Magnesium, and Zinc)

By Application - Baked Goods, Snacks, Desserts, and Main Dishes

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Fortify Flour Market report based on type, application and region:

Fortify Flour Market, By Type:

  • Vitamins
  • Vitamin A
  • Vitamin B
  • Vitamin B2
  • Niacin
  • Minerals
  • Calcium
  • Iron
  • Magnesium
  • Zinc

Fortify Flour Market, By Application:

  • Baked Goods
  • Snacks
  • Desserts
  • Main Dishes

Fortify Flour Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Fortify Flour Market By Competitive Landscape & Key Players

The key players operating the Fortify Flour Market includes, ITC, Manildra, Hindustan Unilever, Cargill, Serendib Flour Mills, United Millers, BASF, Pristine, General Mills, and Patanjali.

Global Fortify Flour Market By Company Profile

  • ITC

FAQs

The fortify flour market report segmented into type, application, and region.

Factors driving market growth may include increasing awareness of nutritional fortification, rising health concerns, and the demand for fortified food products.

Global restraints might include consumer resistance to fortified products, regulatory challenges, and formulation limitations.

The report covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is expected to dominate the Fortify Flour Market, witnessing a significantly high revenue share over the forecast period.

The key players operating in the target market include ITC, Manildra, Hindustan Unilever, Cargill, Serendib Flour Mills, United Millers, BASF, Pristine, General Mills, and Patanjali.