Asia Pacific To Witness Significant Adoption of Fortified Sugar During Forecast Period

Rise in undernourished population to bolster the growth of the global fortified sugar market during the forecast period

According to TechSci Research report, “Global Fortified Sugar Market By Micronutrients, By Sales Channel, By End User, By Technology , By Region, Competition, Forecast & Opportunities, 2024”, the global fortified sugar market is expected to grow at significant rate during the forecast period on account of growing incidences of people suffering from vitamin A deficiency. Fortification of sugar with vitamin A is considered as one of the cost-effective methods to control the deficiency of vitamin A. Fortified sugar is addition of nutrients in the sugar in order to combat micronutrient malnutrition. With the advancements in the food technology, fortification of sugar and food is gaining popularity in developing economies.

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Global fortified sugar market can be segmented based on micronutrients, sales channel, end user, technology and region. Among micronutrients, sugar can be fortified using vitamins, minerals, among others. Over the past few years, the demand for fortification of sugar with vitamin is increasing on account of rising malnutrition level at microscopic level. On the basis of sales channel, the fortified sugar market can be segmented into modern trade, convenience store, department store, drug stores, among others. Modern trade outlets garnered major share in the market due to the availability of variety of options to choose from.

Cargill Incorporated, Bunge Limited, Buhler AG, General Mills, Inc., Willmar International Ltd., Associated British Foods, Mitr Phol Sugar Corporation. Ltd., Nordzucker AG, ATA Limited, FMN Group, etc., are some of the leading players operating in global fortified sugar market. The companies operating in the market are using organic strategies such as plant capacity expansion, mergers & acquisitions, and distribution channel expansion to boost their share.

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“Asia-Pacific region is anticipated to account for major share of the global fortified sugar market during forecast period on account of favorable industrial regulations and easy availability of raw materials in the countries of the region. Moreover, large consumer base is further promoting the growth of fortified sugar market in Asia-Pacific.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Fortified Sugar Market By Micronutrients, By Sales Channel, By End User, By Technology, By Region, By Company, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global fortified sugar market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global Fortified Sugar market.

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