In the African region, micronutrient deficiencies are responsible for significant public health problems, causing premature death, disability, and reduced work capacity. Therefore, for better health condition, significant progress has been achieved throughout Africa in food fortification. Public-private-civic sector has taken initiatives to fortify staple foods through which significant economic and health impacts can be achieved in Africa.
Fortifying food with micronutrients is one of the most cost-effective strategies to improve nutrition in Africa. Increase in population, change in buying patterns, and growing health concerns increase the share of vitamin fortified and mineral enriched food industry in African, and it is expected to enhance during the forecast period.
The African fortified food industry is segmented based on the ingredients, applications, and geography. The ingredients segment mainly consists of vitamins and minerals, which are further classified as vitamin A, D, C and iron, iodine, folic acid, and zinc, respectively. By application, the market for fortified food & beverages is segmented as cereals, dairy, confectionery, and infant products, to name the major ones. The primary focus is towards cereals, such as wheat and maize flour, as well as cooking oil, sugar, and salt, as part of a comprehensive nutrition strategy. Consumption of rice is high in the African region; therefore fortification of rice is yet another step.
As Africa experiences a rising trend in economic growth and common markets, regional bodies are harmonizing fortification standards. Hence, African leaders joined hands with World Health Organization (WHO) for the execution of wheat and maize flour fortification. The private sector is being engaged in embracing flour fortification with essential nutrients, such as iron, zinc, folic acid, and other B vitamins.
- October 2017 - PepsiCo released a new line of water called Lifewtr, a pH-balanced drink sparkling with electrolytes purportedly meant to “[fuse] creativity and design to serve as inspiration for hydration.”
- June 2017 - PepsiCo announced the eight emerging nutrition, health, and wellness brands that will join its first collaborative incubator program in Europe.
Reasons to Purchase this Report
- Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
- Market dynamics which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
- Market segmentation analysis, including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
- Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet in excel
This report can be customized to meet your requirements.
1.1 Key Deliverables of the study
1.2 Study Assumptions
1.3 Market Definition
2. RESEARCH APPROACH AND METHODOLOGY
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. STUDY OVERVIEW
4. MARKET DYNAMICS
4.1.1 Changes in food trends and habits
4.1.2 Growing health awareness and concerns
4.1.3 Increased per capita income in developing countries
4.2.1 Food Regulatory issues
4.2.2 High price of the products
4.3.1 Innovation to develop new variety range
4.3.2 Rising disease occurance pattern
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 By Application
5.1.1 Cereals and cereal based products
5.1.2 milk and dairy products
5.1.3 fats and oils
5.1.5 infant formulas
5.1.6 others (flour, rice,tea)
5.2 By Ingredients
188.8.131.52 Vitamin A
184.108.40.206 Vitamin C
220.127.116.11 Vitamin D
18.104.22.168 Folic acid
22.214.171.124 Docosahexaenoic acid (DHA)
5.3 By Geography
126.96.36.199 South Africa
5.4 Competitive Landscape
5.4.1 Mergers & Acquisitions
5.4.2 Joint Ventures
5.4.3 New Product Launches
5.4.4 Most active companies in the past five years
5.4.5 Market Share Analysis
5.5 Company Profiles
5.5.1 Abbott Laboratories
5.5.2 Campbell Soup
5.5.3 H.J Heinz
5.5.6 The Coca Cola
5.5.7 The Proctor & Gamble
5.5.8 General Mills, Inc.
5.5.9 Hain Food Group Inc.
5.5.10 Land O’Lakes
5.5.11 Nantucket Allserve, Inc.
5.5.12 Ocean Spray Cranberries, Inc.
5.5.13 Philip Morris Companies
5.5.14 The Proctor & Gamble Company
5.5.15 South Beach Beverage Company
- ABBOTT LABORATORIES
- CAMPBELL SOUP
- H.J HEINZ
- THE COCA COLA
- THE PROCTOR & GAMBLE
- GENERAL MILLS INC.
- HAIN FOOD GROUP INC.
- LAND O’LAKES
- NANTUCKET ALLSERVE INC.
- OCEAN SPRAY CRANBERRIES INC.
- PHILIP MORRIS COMPANIES
- THE PROCTOR & GAMBLE COMPANY
- SOUTH BEACH BEVERAGE COMPANY