Africa Vitamin Fortified & Mineral Enriched Food & Beverage Market By Product (Dairy Products, Cereal Based Products, Infant Formulas, Beverages), Applications (Supermarkets, Convenience Stores, Pharmacy, Online Retail Stores), & Region For 2024-2031
Report ID: 467883|No. of Pages: 180
Africa Vitamin Fortified & Mineral Enriched Food & Beverage Market By Product (Dairy Products, Cereal Based Products, Infant Formulas, Beverages), Applications (Supermarkets, Convenience Stores, Pharmacy, Online Retail Stores), & Region For 2024-2031
Africa Vitamin Fortified & Mineral Enriched Food & Beverage Market -Valuation 2024-2031
Rising focus on improving mother and child health is driving the African vitamin fortified &mineral enriched food and beverages as Fortified meals are essential for overall health. Infant formulae include important nutrients such as iron and zinc for development. Prenatal vitamins provide enough folic acid, iron, and calcium for embryonic growth. According to the analyst from Verified Market Research, the Africa Vitamin Fortified & Mineral Enriched Food & Beverage Market is estimated to reach a valuation of USD 124.5 Billion over the forecast by subjugating the revenue of USD 67.78 Billion in 2024.
Rising health consciousness among African consumers, particularly in urban areas has a growing demand for fortified foods and drinks as people become more aware of the benefits of correcting nutritional deficiencies. Along with that, Governments and health organizations encourage fortified goods to fight deficiencies, particularly for vulnerable groups like children and pregnant women. This surge enables the market to grow at a CAGR of 7.9% from 2024 to 2031.
Africa Vitamin Fortified & Mineral Enriched Food & Beverage Market: Overview /Definition
The vitamin fortified & mineral enriched food & beverage market focuses on products that have been supplemented with vital vitamins and minerals to boost their nutritional value. These fortified foods and beverages are intended to treat particular nutrient shortages and promote better health outcomes, attracting people looking to enhance their diets. This market contains several products such as dairy items, cereals, drinks, and snacks which attempt to provide extra nutrients including calcium, iron, vitamin D, and B vitamins to enhance general well-being.
Fortified foods and drinks play an important role in solving global nutritional difficulties, particularly in areas with extensive micronutrient shortages. By deliberately including critical vitamins and minerals, these products can help minimize the occurrence of malnutrition and related health problems.
They provide a simple and cost-effective solution to boost the nutritional content of meals, particularly for busy people and those who have limited access to different food sources. As the demand for better and more nutritious food alternatives grows, fortified foods and drinks will play an increasingly important role in supporting public health.
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Will the Increased Disposable Income Drive the Africa Vitamin Fortified & Mineral Enriched Food & Beverage Market?
Increased disposable income is driving the African vitamin fortifies & mineral-enriched food and beverages market According to the African Development Bank (AfDB), Africa’s middle class has grown to over 350 million people, with disposable income increasing by an average of 3.7% each year. According to the World Bank, household final consumption expenditures in Sub-Saharan Africa have risen to $1.2 trillion in recent years indicating greater purchasing power.
This economic progress is directly linked to increased spending on fortified foods. According to the Global Alliance for Improved Nutrition (GAIN), the African fortified food business is predicted to reach $6.2 billion by 2022, growing at an 8.4% CAGR through 2027. In Nigeria, Africa’s largest economy, 68% of urban customers are actively seeking fortified goods, spending an average of $24 a month on them. Kenya has similar patterns with fortified food sales increasing by 15.3% every year.
Will the Regulatory Constraints Hamper the Africa Vitamin Fortified & Mineral Enriched Food & Beverage Market?
Regulatory Constraints significantly impede the African vitamin-fortified & mineral-enriched food & beverages market. Many African nations have different legislation for food fortification which might affect market dynamics. Stringent laws governing the allowable quantities of vitamins and minerals, as well as the sorts of goods that can be fortified can present obstacles for businesses looking to extend their product ranges. For example, certain nations demand precise nutrient levels which may limit product flexibility for businesses attempting to meet various nutritional needs.
The absence of comparable standards throughout the continent means that enterprises must navigate multiple regulatory regimes depending on the jurisdiction. In certain places, weak implementation of these standards leads to variable product quality which can damage customer confidence. This regulatory fragmentation can limit market expansion by presenting obstacles for producers to navigate.
Category-Wise Acumens
Will Increasing Consumption and Affordability Drive Growth in the Product Type Segment?
Cereal-based products are propelling the demand for fortified cereal products and are becoming more widely available as the need for nutritious and convenient dietary alternatives grows, particularly in metropolitan areas. With an expanding middle class in Africa and more disposable cash, customers are more prepared to invest in fortified products that provide both convenience and nutritional advantages, the availability of diverse fortified cereal products at varying price ranges means that they are accessible to a greater demographic.?
The increased emphasis on health and wellbeing as well as the growing awareness of malnutrition and vitamin inadequacies increases the desire for cheap, fortified solutions that can readily be included in regular meals.?Cereal-based meals are inexpensive and extensively eaten making them the principal vehicle for vitamin and mineral fortification
Will the Wide Product Range Drive the Application Type Segment?
The supermarket segment is dominating the African vitamin fortified & mineral enriched food & beverages market. Supermarkets serve a diversified client base by offering a wide range of fortified food and beverage alternatives such as cereals, dairy products, drinks, and snacks making it simpler for customers to pick the perfect product for their nutritional needs. This diversity is especially essential since it caters to diverse customer tastes and dietary requirements across various economic levels and age groups.?
Supermarkets’ capacity to sell a diverse selection of items allows people to shop for fortified foods all in one location adding to the increased demand for these products. Furthermore, the prominent display of fortified items in supermarkets encourages shoppers to make healthy decisions. As health and wellness awareness grows in Africa, customers are increasingly likely to make supermarkets their primary destination.
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Country/Region-wise Acumens
Will Large Population and Urbanization Drive the Market in the Milan City?
Milan City has the highest market share owing to its large population and urbanization. Milan’s metropolitan region is rapidly expanding, with the urban population expected to reach 3.2 million by 2025, according to ISTAT (the Italian National Institute of Statistics). The city proper now has around 1.4 million citizens, making it Italy’s second-largest metropolis and a key economic engine. The urbanization tendency is most visible in Milan’s growing districts, where neighborhoods such as City Life and Porta Nuova showcase new construction. In the recent decade, the city’s population has grown by 5.8%, thanks primarily to internal migration and foreign arrivals drawn to its strong labor market.
This demographic transition has a favorable influence on a variety of commercial sectors. The real estate sector has remained resilient, with residential property values rising by 4.2% in 2023. Higher population density helps local companies and shopping centers which benefits the retail sector as well. Milan’s status as a major fashion and design hub continues to attract a young, professional workforce with 35% of new residents aged 25-34, resulting in further market potential in a variety of industries.
Will Distribution Network Expansion Drive the Market in the Nigeria City?
Nigeria is the fastest-growing segment in the Africa vitamin fortified & mineral enriched food & beverages market owing to its large distribution network. Nigeria’s distribution network expansion is expected to fuel market growth, particularly in metropolitan areas. According to the Nigerian Electricity Regulatory Commission (NERC), the country’s electricity distribution network wants to expand its capacity from 5,300MW to 25,000MW by 2025. The Federal Government of Nigeria’s Power Sector Recovery Programme (PSRP) has set about $2.3 billion for distribution network development projects. Major cities, such as Lagos, which account for around 45% of Nigeria’s industrial activity, are investing heavily in distribution infrastructure.
The Lagos State Electricity Board claims that local distribution networks have grown by 23% since 2020, connecting an extra 200,000 homes to the grid. According to the Nigerian Bureau of Statistics, the urban population is growing at a pace of 4.3% per year, increasing the demand for dependable electricity delivery. The World Bank’s Nigeria Distribution Sector Recovery Program has allocated $500 million to update and extend distribution networks in important metropolitan areas, to reduce technical losses from 20% now to less than 12% by 2025.
Competitive Landscape
The competitive landscape of the Africa Vitamin Fortified & Mineral Enriched Food & Beverage market is defined by a dynamic interaction of many elements that drive growth and differentiation among industry participants. Companies compete for market share by implementing innovative approaches and sustainable practices to suit changing consumer needs.
Some of the prominent players operating in the Africa Vitamin Fortified & Mineral Enriched Food & Beverage market include:
- Tiger Brands
- Nutriset
- Promasidor Holdings
- Bidco Africa
- Ashoka
- Pioneer Foods
- Dangote Group
- Kenya Nut Company
- Parmalat
- Clover Industries
Latest Developments
- In February 2024, Tiger Brands increased its position in Africa’s Vitamin Fortified & Mineral Enriched Food & Beverage Market by releasing new fortified products and upgrading the nutritional profiles of current ones.
- In September 2023, Daystar Power, the corporation began a solar power project at its Nigerian factory, lowering carbon emissions and increasing manufacturing efficiency.
Report Scope
| Report Attributes | Details |
|---|---|
| Study Period | 2021-2031 |
| Growth Rate | CAGR of ~7.9% from 2024 to 2031 |
| Base Year for Valuation | 2024 |
| Historical Period | 2021-2023 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
|
| Regions Covered | Africa |
| Key Players | Tiger Brands, Nutriset, Promasidor Holdings, Bidco Africa, Ashoka, Pioneer Foods, Dangote Group, Kenya Nut Company, Parmalat, Clover Industries |
| Customization | Report customization along with purchase available upon request |
Africa Vitamin Fortified & Mineral Enriched Food & Beverage Market, By Category
Product:
- Dairy Products
- Cereal-Based Products
- Infant Formulas
- Beverages
Application:
- Supermarkets
- Convenience Stores
- Pharmacy
- Online Retail Stores
Region:
- Africa
Research Methodology of Verified Market Research:
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Data Collection Matrix
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Industry Analysis Matrix
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Africa Vitamin Fortified & Mineral Enriched Food & Beverage Market
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