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Fortified Rice Market Trends

  • Report ID: GMI8945
  • Published Date: Apr 2024
  • Report Format: PDF

Fortified Rice Market Trends

The fortified rice industry has witnessed significant growth in recent years, driven by increasing awareness about malnutrition and the need for essential nutrients. With a rising global population and changing dietary patterns, there is a growing demand for fortified food products, including rice. Fortified rice, enriched with essential micronutrients such as iron, folic acid, and vitamins, addresses widespread deficiencies prevalent in many regions worldwide. This trend is particularly pronounced in developing countries where access to diverse and nutritious diets remains a challenge for a considerable segment of the population.
 

Governments and international organizations are actively promoting fortified rice as part of their public health strategies to combat malnutrition and related health issues. Additionally, technological advancements in food processing and fortification techniques have improved the quality and effectiveness of fortified rice products, further driving market growth. The increasing adoption of fortified rice by food manufacturers, educational institutions, and government feeding programs is also contributing to market expansion.
 

Moreover, consumer preferences for healthier food options and a growing focus on preventive healthcare are fueling the demand for fortified rice products in both developed and emerging markets. As the awareness of the importance of nutrition continues to grow, the market is poised to witness sustained growth, with opportunities for innovation and market penetration across various regions.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global fortified rice market was valued at USD 20 billion in 2023 and is set to grow at over 5.6% CAGR between 2024 and 2032, driven by rising consumer demand for healthier food options.

Iron fortified rice market size was USD 7.8 billion in 2023 and is set to reach USD 12.1 billion by 2032, owing to the widespread prevalence of this deficiency globally.

Asia Pacific fortified rice market held a revenue of USD 6.8 billion in 2023 and is set to cross USD 10 billion by 2032, owing to a large population base.

Amoli International, Daawat, Hexagon Nutrition Ltd., Nutriso, Oliria, Radiance Global, Relishum Foods, Sarwa Food, Zippy Edibles.

Fortified Rice Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 9
  • Tables & Figures: 250
  • Countries covered: 20
  • Pages: 300
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