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Food Grade Iron Powder Market Trends

Report ID: GMI12079
Published Date: Oct 2024
Report Format: PDF

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Food Grade Iron Powder market Trends

A notable trend in this market is the increasing demand for clean-label and natural ingredients in food fortification. Today's consumers are discerning about food ingredients, prompting manufacturers to produce food-grade iron powders that adhere to clean-label standards while maintaining efficacy. Regulatory bodies in North America and Europe are further propelling this shift by enforcing stricter guidelines on product labeling and ingredient safety. The European Food Safety Authority (EFSA) reported a 15% increase in regulations related to food labeling and safety in the past five years.

Moreover, personalized nutrition is carving a niche in the food-grade iron powder market. The advent of health tech and wearables has heightened consumer awareness of personal nutrient deficiencies, leading to a surge in demand for tailored dietary supplements, including customized iron powders.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of food grade iron powder reached USD 5.7 billion in 2023 and is set to grow at a 5.9% CAGR from 2024 to 2032, driven by heightened awareness of nutritional deficiencies and the critical role of food fortification.

The food fortification segment held over USD 2.2 billion in 2023 and is projected to grow at a 6.5% CAGR from 2024 to 2032, led by global government initiatives to address malnutrition and iron-deficiency anemia.

The U.S. market was valued at USD 1.1 billion in 2023 and is expected to grow at a 5.9% CAGR until 2032, propelled by the demand for food fortification and dietary supplements to combat iron-deficiency anemia.

The key players in the industry include Belmont Metals, Chengdu Huarui Industrial, G K Min Met Alloys, Gangotri Inorganic, INDUSTRIAL METAL POWDERS, Iron Powder Manufacturers and Distributors, Jiangxi Yuean Superfine Metal.