Fortified Food Market Size

Fortified Foods Market size was valued at USD 141.79 billion in 2023 and is anticipated to cross USD 313.75 billion by the end of 2036, expanding at more than 6.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of fortified foods is estimated at USD 148.94 billion.

 The growth of the fortified foods market can be attributed to the growing health consciousness among people and increasing disposable income of consumers on a global level. Additionally, as fortified foods also provide medicinal benefits along with essential nutrients and high energy gain, the demand for these products is anticipated to witness a hike in the near future. Growing investment to develop new varieties of fortified foods is also projected to fuel market expansion. Rising emphasis of leading food and beverage manufacturers to produce enriched foods is a major factor assessed to offer lucrative growth opportunities to the market. It is calculated that by 2022, the functional foods market will generate a revenue of approximately USD 320 billion.