Fortified Rice Market Overview:
The global Fortified Rice Market was valued at USD 20.21 Billion in 2023 and is likely to reach USD 33.28 Billion by 2032, increasing at a CAGR of 5.7% from 2024 to 2032.
The fortified rice market is expanding as awareness of nutritional deficiencies increases and government efforts to address malnutrition are implemented. Enriched rice contains vital vitamins and minerals like iron, zinc, and folic acid, serving as an important strategy for enhancing public health. The market is fueled by rising demand in emerging economies, food security initiatives, and regulatory backing. The Asia-Pacific region leads because of elevated rice consumption and government-driven fortification initiatives. Obstacles encompass elevated production expenses and consumer approval. There are opportunities in technological innovations, increasing fortified food initiatives, and the rising global trend towards health-oriented diets.
Key Players in This Report Include:
· Mars Food (USA)
· DSM Nutritional Products (Netherlands)
· Bühler Group (Switzerland)
· BASF SE (Germany)
· Cargill, Incorporated (USA)
· Riceland Foods, Inc. (USA)
· ADM (Archer Daniels Midland Company) (USA)
· General Mills, Inc. (USA)
· Nestlé S.A. (Switzerland)
· Kellogg Company (USA)
· Unilever PLC (United Kingdom/Netherlands)
· Symrise AG (Germany)
· Ajinomoto Co., Inc. (Japan)
· Tata Chemicals Limited (India)
· Agri-Neo Inc. (Canada)
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A new study has been just published regarding the Fortified Rice Market by IMR. This includes detailed and crucial study, trend, and forecast up to 2032. The Fortified Rice market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts, and other key people to have ready-to-access and self-analysed study for understanding market trends, growth drivers, opportunities, and upcoming challenges and competitors.
Key Industry Developments in the Fortified Rice Market:
In April 2024, Biocon has announced that it has received approval from the South African Health Products Regulatory Authority (SAHPRA) for the vertically integrated combination drug Fortified Rice capsule in South Africa.
In Sep 2023, The Food and Drug Administration (FDA) has changed the therapeutic equivalence classification of Accord Healthcare's generic Fortified Rice capsules from AB to BX, so it is no longer recommended as an automatic substitute for the brand name Prograf (Fortified Rice) oral capsules
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The Fortified Rice Market segments are illuminated below:
By Micronutrients
· Iron
· B complex vitamins
· Vitamin B-12
· Vitamin B-6
· Vitamin A
· Zinc
· Folic acid
By Methods
· Dusting
· Coating
· Extrusion
By Sales Channel
· Hypermarket /Supermarket
· Convenience store
· Online Retailers
· Others
The Fortified Rice market report does highlight the currently prevailing and probable future industry-wide trends and their growth patterns also offers business strategy to help out the stakeholders who can make any sound decision over the profit-making trajectory over forecast years.
Regional Analysis
Asia Pacific Region is Expected to Dominate the Market Over the Forecast Period
Geographically, the distinctive analysis of consumption, revenue, market share, and growth rate of the subsequent areas:
· North America (U.S., Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
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Why Invest in this Report?
➠Leverage Data for Strategic Decision-Making
➠Craft Expansion Strategies for Diverse Markets
➠Conduct Comprehensive Competitor Analysis
➠Gain Insight into Competitors' Financial Metrics
➠Benchmark Against Key Competitors
➠Formulate Region-Specific Growth Strategies
Key questions answered
• How feasible is Fortified Rice market for long-term investment?
• What are influencing factors driving the demand for Fortified Rice near future?
• What is the impact analysis of various factors in the Fortified Rice market growth?
• What are the recent trends in the regional market and how successful they are?
𝐑𝐞𝐚𝐝 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐈𝐧𝐝𝐞𝐱 𝐨𝐟 𝐟𝐮𝐥𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐭𝐮𝐝𝐲 @
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Strategic Points Covered in Table of Content of Fortified Rice Market:
Chapter One: Introduction
Chapter Two: Executive Summary
Chapter Three: Fortified Rice Market Landscape
Chapter Four: Fortified Rice Market by Type
Chapter Five: Fortified Rice Market by Application
Chapter Six: Company Profiles and Competitive Analysis
Chapter Seven: Global Fortified Rice Market by Region
Chapter Eight: Analyst Viewpoint and Conclusion
Chapter Nine: Research Methodology
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