Increasing health consciousness of people and shift in focus of food manufacturers to produce fortified products are major growth drivers of the market.
The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2021 – 2029.
Lack of maintenance of hygiene standards by fortified foods manufacturers is estimated to hamper the market growth.
Europe is estimated to offer more business opportunities on the back of strong presence of leading market players.
The major players in the market are Nestle S.A., Gastaldi Hnos.S.A., Bühler AG, Dr. Paul Lohmann GmbH & Co. KGaA, Corbion NV and others.