Fortified Snacks Market Estimated At USD 96.48 billion by 2028

Fortified Snacks Market Analysis and Insights : Global Fortified Snacks Market

Fortified snacks market size is valued at USD 96.48 billion by 2028 and is expected to grow at a compound annual rate of 7.60% in the forecast period 2021 to 2028. The increase in the consumption of nutritious products and protein-rich food is the factor for the fortified snacks market in the forecast period of 2021 to 2028.

Fortified snacks are those that have high nutrients added to them that do not naturally occur in the food. These snacks are meant to improve nutrition and add health benefits.

The major growing factor towards fortified snacks market is the increasing health concerns coupled with increasing disease occurrences. The prime factor driving the demand for fortified snacks is the rising consumer’s disposable income which motivates them to spend more on healthy food products. Furthermore, the growing demand for this category of foods is also heightening the overall demand for fortified snacks market over the forecast period of 2021 to 2028. Moreover, the rising purchase of nutrition products as well as increasing prevalence of nutritional deficiencies, mainly in the developing world also serves as foremost drivers for increasing the demand for fortified snacks market at a global level. In addition, the increasing consumption by adults and the old age population are also lifting the growth of the fortified snacks market.

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Global Fortified Snacks Market Scope and Market Size

Fortified snacks market is segmented on the basis of technology, raw material, micronutrients and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of technology, the fortified snacks market has been segmented into drying, extrusion, coating and encapsulation and others. Drying is further segmented into oven drying, drum drying and spray drying.
Based on raw material, the fortified snacks market has been segmented into flours, salt, milk, oil and sugar. Flours have further been segmented into rice, wheat and corn.
On the basis of micronutrients, the fortified snacks market has been segmented into vitamins, minerals and others. Vitamins have further been segmented into vitamin A, vitamin B, vitamin C and vitamin D, others. Vitamin B is further sub-segmented into thiamine (Vit B1), riboflavin (Vit B2), niacin (Vit B3), vitamin B6, folic acid and vitamin B12. Minerals have further been segmented into calcium, iron, zinc, iodine and others.
The distribution channel segment of the fortified snacks has been segmented into modern trade, online sales, neighborhood stores and other.

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Competitive Landscape and Fortified Snacks Market Share Analysis

Fortified snacks market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fortified snacks market.

The major players covered in the fortified snacks report are Unilever, Dairy Farmers of America, Inc., General Mills Inc., The Kraft Heinz Company, Kellogg's Company, DSM, Meiji Holdings Co., Ltd., Glanbia plc, Fortified Foods, Christy Friedgram Industry, Indopol Group of Companies and Nestlé, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provide competitive analysis for each competitor separately.

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