Market Size of North America Food Fortifying Agents Industry
Study Period | 2018 - 2028 |
Base Year For Estimation | 2021 |
Forecast Data Period | 2024 - 2028 |
Historical Data Period | 2018 - 2020 |
CAGR | 3.85 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Food Fortifying Agents Market Analysis
North America food fortifying agent market is anticipated to witness a CAGR of 3.85% during the forecast period (2020 - 2025).
- The market is mainly driven by the increase in the growth of the health consciousness of consumers in the region. The support of government organizations has also fueled market growth to an extent.
- The vitamin segment holds a prominent share owing to the rise in the number of diseases such as osteoporosis and rickets due to vitamin deficiency, the increasing healthcare cost, and the aging population.
- The dietary supplements are projected to show rapid growth due to the associated health benefits, mainly targeted by the increase in the aging population and growing interest in personal fitness among young adults.