Market Research Future (MRFR) has published a cooked research report on the “Calcium-Fortified Food Market” that contains information from 2018 to 2032. The Calcium-Fortified Food Market is estimated to register a CAGR of 5.60% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Calcium-Fortified Food Market— Nestlé S.A., Abbot, General Mills Inc., Mondelz International Inc., Cargill Incorporated, Danone, Bühler AG, Koninklijke DSM NV, Arla Foods amba, Corbion NV, Dr. Paul Lohmann GmbH KG Chemische Fabrik
Calcium-Fortified Food Market Highlights
The global Calcium-Fortified Food Market is accounted to register a CAGR of 5.60% during the forecast period and is estimated to reach USD 174.4 billion by 2032.
The global Calcium-Fortified Food Market is witnessing growth due to the increasing emphasis on maintaining a disease-free and healthy lifestyle. These fortified foods are rich in essential micronutrients, including vital trace elements and a variety of vitamins. The market's expansion is primarily driven by rising health consciousness and a surge in the prevalence of diseases.
Segment Analysis
The global Calcium-Fortified Food Market has been segmented based on Application, and Sales Channel.
Based on Application, the market is segmented into Food, and Processed Food. The processed food segment was attributed to holding the largest market share in 2022. In recent years, there has been a substantial shift in consumer preferences towards healthier food choices. Calcium is an essential mineral for bone health, and many consumers are actively seeking products that offer added health benefits. Processed food manufacturers have responded to this demand by fortifying a wide range of products with calcium, including breakfast cereals, dairy alternatives, and even certain snacks.
Based on the Sales Channel, the Calcium-Fortified Food Market has been segmented into Supermarkets/Hypermarkets, Specialty Stores, Pharmaceuticals, and E-commerce. The specialty stores segment was expected to hold the largest market share in 2022. Specialty stores, which can include health food stores, nutritional supplement retailers, and stores focusing on dietary requirements, curate their inventory to cater to health-conscious and specific dietary needs. Calcium-fortified foods are often part of their offerings, providing consumers with a dedicated space to find a wide range of such products.
Regional Analysis
The global Calcium-Fortified Food Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Calcium-Fortified Food Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Calcium-Fortified Food Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Calcium-Fortified Food Market comprises of Middle East, Africa, and Latin America.
The largest market share for the Calcium-Fortified Food Market was maintained by the North American regional sector. The increasing prevalence of chronic diseases has triggered a surge in consumer health consciousness, leading to a shift towards healthier dietary choices, including fortified foods. Fortified foods offer valuable nutrients, vitamins, and minerals that mitigate the risk of diseases. For instance, heart disease, a leading cause of mortality in the United States according to the Centers for Disease Control and Prevention, claims the lives of approximately 647,000 Americans annually, accounting for one in four deaths. This widespread occurrence of cardiovascular and other diseases on a global scale is expected to drive a heightened demand for health-oriented diets, consequently propelling the Calcium-Fortified Food Market.
Moreover, the Europe market has been persistently growing over the forecast period. The growth of the European calcium-fortified Food Market is being propelled by increasing consumer interest and a growing awareness of the immune-boosting potential of a balanced diet and dietary habits. According to Euromonitor, the market for fortified food and beverages in the European Union (EU) had a substantial value of €18 billion in 2020. This represented 3.6% of the total market value of packaged foods and beverages, estimated at €506 billion. The food and beverage manufacturing industry in the EU consists of 289,000 enterprises and employs 4.5 million individuals, generating an impressive annual value-added of €222 billion. These figures underscore the significant market presence and potential for fortified food products in the European market.
In the Asia-Pacific region, notably in countries like Japan and South Korea, there is a growing aging population. According to UNFPA projections for 2022, by 2050, one out of every four individuals in Asia and the Pacific will be over 60 years old. The number of older individuals (aged 60 and above) is expected to triple between 2010 and 2050, reaching nearly 1.3 billion people. In 2020, 13.6% of the region's population was aged 60 or older, and this is expected to increase to one-quarter of the population by 2050. It's noteworthy that a majority of older individuals are women, with 53.2% of those aged 60 or over being women in 2020, and this figure rises to 61.2% for those aged 80 or over. The significance of this demographic shift in business terms is that as people age, they develop a heightened concern for maintaining strong bones and overall health. Calcium is a critical component for bone health, and this demographic trend is driving increased demand for calcium-fortified foods among older consumers. This represents a significant market opportunity for fortified food products designed to address the specific nutritional needs of this aging demographic.
Furthermore, the rest of the world's Calcium-Fortified Food Market is divided into the Middle East, Africa, and Latin America. Increasing health consciousness among consumers in these regions is a significant driver. People are becoming more aware of the importance of balanced nutrition, particularly the role of calcium in maintaining strong bones and overall health.
Key Findings of the Study
- The global Calcium-Fortified Food Market is expected to reach USD 174.4 billion by 2032, at a CAGR of 5.60% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market because Economic growth in many Asia-Pacific countries has resulted in higher disposable incomes. This allows consumers to invest in premium and health-enhancing food products, including those fortified with calcium.
- Based on Application, the processed food segment was attributed to holding the largest market in 2022, with an approximate market share of 55–60%.
Nestlé S.A., Abbot, General Mills Inc., Mondelz International Inc., Cargill Incorporated, Danone, Bühler AG, Koninklijke DSM NV, Arla Foods amba, Corbion NV, Dr. Paul Lohmann GmbH KG Chemische Fabrik
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Companies Covered | 15 |
Pages | 128 |
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