About Fortified Sugars
As WHO is registering a high deficiency rate for essential nutrients with each passing year, sugar manufacturers are focusing on adding vitamins and minerals to sugar, which is driving the growth in the global fortified sugar market. Food technology has advanced in leaps and bounds, propelling the fortification of key food constituents such as sugars with essential nutrients like minerals and vitamins. Since its inception in the mid-1970s, the fortification of sugars has gained ground across the global food industry. the growing undernourishment of populations is further compelling regional governments to magnify the fortification of sugars with vitamins, minerals, and other micronutrients. Among the regions, the Asia-Pacific market is likely to witness significant growth in the next five years due to the easy availability of raw material at low cost, high consumer base, and favorable industrial regulations in the region.
Attributes | Details |
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Study Period | 201-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.0% |
Industry specialization methods have been employed to acquire inputs from key players. Authentic databases have been used for sourcing information about recent strategic developments of each market player. Dynamics of the local, regional and global manufacturers have been interpreted Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Fortified Sugars market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill Incorporated. (United States), Bunge Limited (United States), Buhler AG (Switzerland), BASF SE (Germany), General Mills, Inc.(United States), Willmar International Ltd. (Singapore), DSM (Netherlands), Tereos (France), Cosan (Brazil) and Associated British Foods (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Mitr Phol Sugar Corporation. Ltd. (Thailand) and Nordzucker AG (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Fortified Sugars market by and Region.
On the basis of geography, the market of Fortified Sugars has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Micronutrients, the sub-segment i.e. Vitamins will boost the Fortified Sugars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Drying will boost the Fortified Sugars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Modern Trade will boost the Fortified Sugars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Commercial will boost the Fortified Sugars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Vitamins in Sugar Fortifications and The increasing awareness pertaining to the deficiency of vitamin and minerals backed by aggressive marketing strategies and promotional campaigns
Market Growth Drivers:
With the increasing incidences of recorded nutritional deficiency, governments in several economies are enacting norms for the fortification of sugar
Restraints:
The Concern regarding the cost of the products
Opportunities:
Governments are enacting legislation and promoting the market exposure of such sugars by implementing sugar-fortification programs among food industry leaders
Market Leaders and their expansionary development strategies
In August 2023, Kellogg's and Post Holdings announced a potential merger, both companies producing cereals often fortified with added sugars and vitamins/minerals.
In April 2023, Mother Dairy Fruit and Vegetable launched more than 15 new products for the summer season this year.The new product line-up for this year includes a ready-to-consume custard, two cold coffees and more than 10 ice cream variants. In addition, the company has enriched its Nutrifit curd offering with Vitamins A & D, Mother Dairy said in a statement.
Key Target Audience
Fortified Sugars Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.