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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Food Fortification Premix Market Size
The India food fortification premix market attained a volume of nearly 1345.35 metric tons in 2023 and expected to grow at a CAGR of 20.6% in the forecast period of 2024-2032 to attain a volume of about 4139.24 metric tons by 2032.
Micronutrient deficiency is a serious risk in India, especially for the economically disadvantaged. India was one of the earliest participants for mandatory fortification of salt with iodine, and Vanaspati with Vitamin A. The increasing demand for fortified foods due to greater awareness towards healthier dietary choices and the active government initiatives to fortify food staples to combat malnutrition in India are driving the growth of the market in the country.
With the introduction of FSSAI regulations for fortification in 2017 and their efforts to increase the usage of fortified staples, the demand for premixes for this application in India has increased, thereby propelling the growth of the overall market.
The food fortification premix market is expected to grow significantly in the years to come, owing to changing consumer preferences for functional foods amongst the urban population and significant increase in the fortification of food staples like edible oil, milk, wheat, rice and salt that would be distributed through various government schemes in the country. Indian market is anticipated to grow at a CAGR of approximately 18% between 2023 and 2032.
India Food Fortification Premix Market Report Snapshots
India Food Fortification Premix Market Size
India Food Fortification Premix Market Analysis
India Food Fortification Premix Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The India food fortification premix market attained a volume of about 1345.35 metric tons in 2023.
The market is likely to grow at a CAGR of 20.6% during the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach 4139.24 metric tons by 2032.
The major drivers of the market include increasing disposable incomes, rapidly rising population, shifting consumer preferences for functional foods, and the increase in the fortification of food staples.
The increasing initiatives by the government at fortifying food staples to eliminate malnutrition in India is a key trend driving the growth of the market.
Vitamin premixes are the dominant type of the product in the market.
Powder premix and liquid premix are leading forms of the product in the market.
Food staples account for the largest share of the application sector, followed by the sports nutrition and dietary supplements segments.
The leading players in market are DSM Nutritional Products India Pvt. Ltd., Piramal Enterprises Ltd., P D Navkar Biochem Pvt. Ltd., Pristine Organics Pvt. Ltd., Fuerst Day Lawson (India) Pvt. Ltd., Manisha Pharmo-Plast Pvt. Ltd., AQC Chem-Lab Pvt. Ltd., Hexagon Nutrition Pvt. Ltd., and Global Calcium Pvt. Ltd., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124