Europe Vitamin Fortified And Mineral Enriched Food And Beverage Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report - Segmented By Ingredients, Application, Beverages, & Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest Of Europe) - Industry Analysis On Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 To 2029)

Updated On: January, 2024
ID: 4048
Pages: 145

Europe Vitamin Fortified and Mineral Enriched Food and Beverage Market Size (2024 to 2029)

The size of the vitamin fortified and mineral enriched food and beverage market is expected to be worth USD 21.69 billion in 2024 and grow at a CAGR of 6.30% from 2024 to 2029 to achieve USD 29.43 billion by 2029.

Vitamin Fortified and Mineral Enriched Food and Beverages are increasingly used in the manufacturing process of products such as cereal-based products, nutritional foods, infant formulas, beverages, dairy products, and dietary supplements. Concentrating or fortifying food is the process of adding traces and essential foods better known as vitamins or micronutrients. Vitamin and mineral-fortified foods and beverages contain additional minerals that help replace nutrients lost during storage and manufacturing. Advances in technology and the growing awareness of consumers around the world have led to an increased interest in a healthy diet and the importance of Vitamin Fortified and Mineral Enriched Food and Beverage as important nutrients. Population growth and food change among people are the main drivers of the Europe Vitamin Fortified and Mineral Enriched Food and Beverage market.

Population growth and changes in individual eating habits are key factors driving the growth of the European market for Vitamin Fortified and Mineral Enriched Food and Beverage. Raising health concerns for people of all ages looking to pay more for healthy foods will provide more profitable growth opportunities for manufacturers operating in the Europe vitamin and mineral-fortified food and beverage markets. The fortified food industry has grown vigorously in recent years due to the increased consumption of vitamin-fortified items. Along with the increasing incidence of disease, health problems are a major factor driving the European fortified and Mineral Enriched Food and Beverage market, and as the number of health-conscious people such as infants and young children, pregnant women and women, the contribution to income of emerging countries is expected to increase quickly. Europe is expected to grow significantly due to the presence of a fortified food industry and growing concern for the health of consumers. People are more concerned about their health and are willing to pay more for foods that are particularly beneficial to their health. Therefore, these trends and people's perceptions help the market for Vitamin Fortified and Mineral Enriched Food and Beverages to grow. The market share of developed countries is mainly occupied by health-conscious people such as pregnant women, baby careers, and the elderly because they know the benefits associated with them. However, in the developing world, increasing disposable income increases health problems among people, leading to market growth in the forecast period. The market for Vitamin Fortified and Mineral Enriched Food and Beverages in Europe dominates mainly because consumers tend to consume these products in their busy daily lives due to increasing health problems among people. A variety of foods are served that vary by region, consumer taste, and availability.

Factors responsible for the growth of the industry include various programs related to strengthening and maintaining a proper diet and health complications against aggression, including micronutrient deficiency and malnutrition. The increased awareness associated with nutritional deficiencies, including vitamin A, vitamin D, iron, and iodine, is expected to provide excellent opportunities for market growth. Organizations, including WHO and Nestlé, recognize that there are limitations associated with these nutritional factors in fortified foods. Nutrient fortification has risks associated with the explanation of associated side effects that are a major challenge to the overall growth of the European fortified and Mineral Enriched Food and Beverage market. Food has the potential to provide toxic amounts of nutrients. Growing consumer interest and understanding of the immunostimulant properties of a proper diet are some of the key factors driving the growth of the European market for vitamin and mineral-fortified foods and beverages. In many countries, the government imposed strict rules and regulations to advertise product labeling. Functional foods are a little expensive, which common people cannot afford, and also, these products are not readily available in supermarkets. Lack of awareness of the use of functional food products is hindering the growth rate of the European market. These factors are collectively hampering market growth, and the Europe market for Europe Vitamin Fortified and Mineral Enriched Food and Beverage is driven primarily by the widespread adoption of healthy eating habits and lifestyles. Therefore, the market is expected to show an impressive CAGR during the forecast period.

In addition to the propensity for a healthy lifestyle, the Europe Vitamin Fortified and Mineral Enriched Food and Beverage market is also driven by factors such as accelerating demand for packaged and ready-to-eat meals, significant investments in product development and innovation, growing health concerns throughout the world, and the presence of a significant number of large and small markets. Due to the increasing importance of preventive drugs. With the increasing disposable income in developed countries, consumers are more willing to spend on food and beverages. This factor is supposed to drive the growth of the Europe Vitamin Fortified and Mineral Enriched Food and Beverage market during the conjecture period. The fortified products group globally was driven largely by nutritious grains. With the growing awareness of a healthy lifestyle, the need for these products has recently increased.

A major factor slowing the growth of the European vitamin and mineral-fortified food and beverage market is the strict regulations in a variety of developed and developing countries. Also, the high costs associated with these products and research and development activities are other factors that are supposed to slow the growth of the target market to some extent.

This research report on the European vitamin-fortified and mineral-enriched food and beverage market is segmented and sub-segmented into the following categories.

Europe Vitamin Fortified and Mineral Enriched Food and Beverage Market - By Ingredients:

  • Vitamin [Vitamin A, Vitamin C, Vitamin D, Others]
  • Minerals [Iron, Iodine, Docosahexaenoic Acid, Folic Acid, Selenium, Copper, Zinc, Others]

Europe Vitamin Fortified and Mineral Enriched Food and Beverage Market - By Application:

  • Foods [Cereals And Cereal Based Products, Confectionary Products]
  • Beverages [Milk And Dairy Products, Juices, Fats And Oils]
  • Others [Flour, Tea, Rice, Infant Formulas])

Europe Vitamin Fortified and Mineral Enriched Food and Beverage Market - By Region:

  • UK
  • France
  • Spain
  • Germany
  • Italy

Europe Vitamin Fortified and Mineral Enriched Food and Beverage market is supposed to experience significant growth due to the strong presence of an efficient food industry coupled with increasing consumption from the aging population. Increasing consumer interest and a better understanding of the immune-boosting properties of a proper diet and diet are some of the key factors driving the growth of Europe Vitamin Fortified and Mineral Enriched Food and Beverage market.

KEY MARKET PLAYERS:

Major Key Players in the Europe Vitamin Fortified and Mineral Enriched Food and Beverage Market are General Mills, Abbott Laboratories, H.J Heinz, Kellogg, The Proctor & Gamble Company, Philip Morris, Land O'Lake, and Hain Group

 

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Frequently Asked Questions

1. What are the key drivers influencing growth in Europe Vitamin Fortified and Mineral Enriched Food and Beverage Market?

Factors such as increasing consumer awareness about nutrition, rising health consciousness, and growing demand for functional foods and beverages are key drivers contributing to the growth of this market.

2. What are some challenges faced by companies in this market?

Challenges include ensuring the stability and bioavailability of added vitamins and minerals, addressing consumer concerns about over-fortification, and complying with regulatory requirements across European countries.

3. What are the opportunities for growth and innovation in this market?

Opportunities include developing personalized nutrition solutions, exploring novel fortification technologies, expanding into new product categories, and targeting specific consumer segments such as children, athletes, or seniors.

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