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Fortified Salts Market Analysis

  • Report ID: GMI1880
  • Published Date: Nov 2023
  • Report Format: PDF

Fortified Salts Market Analysis

Idoine fortified salts segment will witness strong growth rate through 2032, on account of the role of mineral in maintenance of Basic Metabolic Rate (BMR) in humans for proper functioning of all bodily organs.
 

  • Iodine aids in combatting iodine deficiency diseases, which continue to be a significant public health concern in several regions. Iodized salt is known as an effective and cost-efficient method to ensure an adequate intake of iodine, promoting thyroid health and avoiding related health issues.
     
  • With the growing awareness of iodine's importance for overall well-being, health-conscious consumers are seeking iodine-fortified products. Inclination for healthier dietary options has spurred the popularity of iodized salts.
     

Household & animal feed application of fortified salts market will observe strong growth rate of over 7.5% through 2032, due to increasing consumer awareness in conjunction with a cattle disease outbreak.
 

  • The product provides a comprehensive approach to nutrition for both human consumption and animal feed. It fulfils the dietary needs of households while also ensuring the nutrition of pets & livestock.
     
  • By choosing fortified salts that serve multiple purposes, consumers can decrease the need to buy separate nutritional supplements for themselves and their animals, making it an economical choice.
     

As per distribution channel, fortified salts market from hypermarket & supermarket segment will record more than 7% till 2032, attributed to huge discount to the customers on purchasing bulk items and convenience.
 

  • These stores generally display a diverse collection of the product brands and types, letting consumers compare and choose the best to suit their needs and dietary requirements.
     
  • Many customers prefer the in-person shopping experience provided by hypermarkets and supermarkets. It enables them to examine the products, read labels, and get instant assistance from store staff.
     

Fortified salts market in Asia Pacific will gain remarkable momentum during the forecast timeline, owing to the inclination for nutritious food among the rising geriatric population to increase life expectancy. Growing awareness of iodine deficiency diseases and other nutritional gaps in the region, along with government-led initiatives and public health campaigns have played a vital role in increasing the product consumption. Consumers are realizing the importance of iodine, iron, and other essential nutrients in the daily diet, making them an important component of preventive healthcare strategies. Further, the changing dietary patterns and the rising demand for processed foods have boosted the product usage, adding to industry revenues.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The market size of fortified salts will witness a strong growth at over 8% CAGR through 2032, due to the escalating emphasis on addressing nutritional deficiencies such as osteomalacia and iron deficiency.

Household & animal feed application segment will grow at 7.5% CAGR till 2032, owing to increasing consumer awareness in conjunction with a cattle disease outbreak.

Asia Pacific market will show tremendous growth between 2023 and 2032, attributed to the inclination for nutritious food among the rising geriatric population to increase life expectancy.

Tata Chemicals, Compass Minerals, Kutch Brine Chem Industries, Cargill, Sambhar, AkzoNobel, United Salt Corporation, China National Salt Industry, Schweizer Salinen, and Ankur Salt.

Fortified Salts Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 576
  • Countries covered: 20
  • Pages: 300
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