Global Fortified Rice Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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“Global Fortified Rice Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global fortified rice market report has been segmented on the basis of type, application, end use, and region.
Global Fortified Rice Market: Overview
Rice is among one of the staple food in the countries of southeast and northeast Asia regions. Rice fortification is the process of increasing the content of essential micronutrients in rice. This helps in improving the nutritional quality of the rice. Fortified rice is similar to normal rice in taste and color. The cost of rice fortification process varies largely depending upon the type of fortification technology used and the source of origin whether its produced locally or procured from another source. The benefits of fortified rice are aids in significantly addressing various deficiencies such as cure anemia hemoglobin status, deficiency of micronutrients including, zinc, vitamin A, vitamin B12, folic acid, etc. In addition, plays an important role in keeping neurological function, healthy skin, slow aging, and healthy vision, aids in proper functioning of blood cells, hair, and healthy skin, as well as beneficial in controlling diabetes, depression, and hypertension.
Global Fortified Rice Market: Dynamics
Growing awareness regarding various types of nutrient deficiencies and increasing incidences of lifestyle-related diseases such as diabetes, obesity, etc. are the key factors contributing to a significant extent to drive growth of the global market in terms of revenue. In addition, improving the living standard of people, increasing needs of wide variety of nutritional products, higher per capita income level, are some of the factors driving the growth of the global fortified rice market. However, high cost associated with a fortified process and product recalls are some of the major factors expected to restraint growth of the global market to a certain extent.
Global Fortified Rice Market: Segment Analysis
Among the ingredient segments, the vitamin is projected to register the highest market share over the forecast years. Among the technology segments, extrusion is projected to hold the majority of market share. Among the end user segments, residential is projected to accounts for high market share, owing to increasing consumption of the rice by the growing population especially in developing countries.
Global Fortified Rice Market: Regional Analysis
The market in the Asia Pacific is expected to dominate and to register the fastest growth rate over the forthcoming years. This is primarily attributed, growing awareness regarding health and healthy food products among consumers and rapidly growing food & beverages industries in countries such as India, China, and Japan are some major factors for driving the growth of fortified rice market in the Asia Pacific region. In addition, nearly 90% Of the world’s rice is grown and consumed in Asia Pacific region. The market in North America and Europe is expected to account for significant revenue share, owing to various government initiatives by US food assistance agencies and rising investment in research and development activities by the private and government organization for increasing the nutritional value of the rice.
Global Fortified Rice Market Segmentation:
Segmentation by Ingredients:
Segmentation by Technology:
- Coating & Encapsulation
- Others (include, dusting, etc.)
Segmentation by End User:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Cargill Incorporated
- Bunge Limited
- Bühler AG
- BASF SE
- General Mills, Inc.
- Koninklijke DSM N.V.
- Wilmar International Ltd.
- Kohinoor Specialty Foods India Private Ltd.
- KRBL Limited
- REI Agro Ltd.
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