Insights on Global Fortified Rice Market Size, Share, Trends and Future Growth Predictions

Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled Fortified Rice Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026” offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the Fortified Rice Market have been elaborated upon in the research report.

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Micronutrient deficiencies threaten productivity, development and health of millions of people worldwide. For example, approximately half of the child population in India is affected from chronic malnutrition, and vitamin & mineral deficiencies. Along with micronutrients supplementation and diversification in diets, enriching the regularly consumed food such as rice with minerals & vitamins is an effective solution for alleviating the issue. This has led toward the fortification of rice, which is emerging as a sustainable & cost-effective measure for providing nutrition to people globally.

Fortified Rice has emerged as Key to Reduce Nutrition Deficiencies among People Globally

Over the past few years, many initiatives have been spearheaded by the rice industry and development partners for providing fortified rice with the help of safety net programs and the open market. For example, government of India in coordination with WFP and PATH has distributed fortified rice through several welfare schemes, particularly via Mid-Day Meal across some of its states. In line with this, the U.S. Food Assistance Agencies have sought diversification of their portfolio regarding value-added nutritional food produced within the region’s origin commodities for the global nutritional and food aid. Fortified rice has remained a key component of the programs carried out by these agencies. These instances have led to high production of fortified rice across the globe.

The global fortified rice market will register a splendid growth during 2017 to 2026. Revenues from global sales of fortified rice will exceed US$ 25,000 Mn by 2026-end.

Nearly 2 Bn people across the globe currently suffer from mineral and vitamin deficiencies, posing devastating impact on these people as a result. Impaired motor and cognitive development among children, reduced immune response, lower capacity in performing physical work, high morbidity and mortality among newborns, adults, & mothers, and growth retardation are some of the major impacts of nutrition deficiencies. As rice is a globally consumed food, and staple for in several emerging countries such as China and India, fortified rice has emerged as the key to reduce the burden of malnutrition. Several demographic experiments and studies across the globe have imparted effectiveness and safety of consuming extruded fortified rice, and have depicted significant improvements in the vitamin and mineral status of people.

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Over the past few years, many initiatives have been spearheaded by the rice industry and development partners for providing fortified rice with the help of safety net programs and the open market. For example, government of India in coordination with WFP and PATH has distributed fortified rice through several welfare schemes, particularly via Mid-Day Meal across some of its states. In line with this, the U.S. Food Assistance Agencies have sought diversification of their portfolio regarding value-added nutritional food produced within the region’s origin commodities for the global nutritional and food aid. Fortified rice has remained a key component of the programs carried out by these agencies. These instances have led to high production of fortified rice across the globe.

APEJ to Remain Largest Market for Fortified Rice

Fixed costs such as initial capital investment for facilities and equipment, are basically influenced by the selection of technology for fortified rice production. Coating & Encapsulation technology, among various technologies, requires relatively lower capital investment. This technology is therefore projected to witness a relatively faster adoption in the fortified rice market through 2026. However, in terms of revenues, drying technology will continue to lead the global fortified rice market.

Countries of Asia-Pacific excluding Japan (APEJ) comprise a large & centralized rice milling industry, which facilitates implementation of rice fortification. These countries have large safety nets, which supply subsidized fortified rice to population under poverty line as they have a good channel to reach people in dire need for nutrition. APEJ will therefore continue to be the largest market for fortified rice in the near future, in terms of revenues. North America and Latin America will also remain leading revenue contributors to the global fortified rice market.

Competition Tracking

 

Leading players in the global fortified rice market from the private as well as the public sectors are focusing on establishing a coalition for underpinning the utilization of fortified rice and addressing growth barriers to its implementation across the globe. Key market players identified by the report include Cargill Incorporated, Bunge Limited, Bühler AG, BASF SE, General Mills, Inc., and Wilmar International Ltd.

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