Fortified Bakery Market 2024-2028: Size and Stringent government regulations; growth driven by the Application, Some of key Companies Positioned Strategically

The fortified bakery market size by Application (Cake, Biscuits, Bread, Pastries, and Others) and Geography (North America, Europe, APAC, South America, and Middle East and Africa), is forecast to increase by USD 1458.6 million. The market is expected to grow at a CAGR of   5.36% between 2024 and 2028.

• The global fortified bakery market faces challenges due to the rigorous regulatory landscape. Governments worldwide implement stringent food fortification regulations, which vendors must adhere to. These regulations undergo frequent modifications, creating complexities for market participants. For instance, in 2018, the Food Safety and Standards Authority of India (FSSAI) established fortification standards for five essential food items: salt (iodine and iron), vegetable oil and milk (vitamin A & D), flours (atta and maida), rice (iron, folic acid, and vitamin B-12), and optional additions of zinc, vitamin B1, B2, B3, and B6. Regulatory bodies such as the US Food and Drug Administration (FDA), European Food Safety Authority (EFSA), and the UK Food Standards Agency (FSA) also enforce similar regulations. These regulatory measures aim to ensure public health and safety while posing challenges to market expansion.
• The Fortified Bakery Market represents a significant business opportunity, driven by the rising consumer awareness regarding the health benefits of fortified bakery products. Key market trends include the increasing demand for gluten-free and organic fortified bakery items, as well as the growing preference for convenience foods. Market participants are focusing on innovation, product development, and strategic partnerships to cater to evolving consumer preferences and expand their market share.

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Some of the Key Companies:

• Allied Bakeries 
• Archer Daniels Midland Co.
• Associated British Foods Plc
• Britannia Industries Ltd.
• Bunge Ltd.
• Chelsea Milling Co.
• Conagra Brands Inc.
• CRUST- a baking co.
• Dawn Food Products Inc.
• Flowers Foods Inc.
• Corporativo Bimbo SA de CV
• H and S Bakery Inc.
• Irish Pride Fine Foods
• King Milling Co.
• Koninklijke DSM NV
• Mars Inc.
• Modern Food Enterprises Pvt. Ltd.
• Nestle SA
• Parle Products Pvt. Ltd.
• Prestige Group
• Super Bakery Inc.
• SURYA FOOD and AGRO LTD.
• The Hershey Co.

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Technavio Research
Jesse Maida
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Email: media@technavio.com
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