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Fortified Salts Market Size

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

Fortified Salts Market Size

Fortified Salts Market size is projected to expand at over 8% CAGR from 2023 to 2032, attributed to the escalating emphasis on addressing nutritional deficiencies such as osteomalacia and iron deficiency. Fortified salts, which are enriched with essential micronutrients such as iodine, iron, and fluoride, have become an effective method to combat deficiencies. Governments and health organizations globally are implementing public health initiatives that foster the intake of these salts, markedly in regions where these deficiencies are widespread. As per a report published on NIH.gov, in 2022, around 10 million people were iron deficient in the U.S. and it includes 5 million anaemia patients.
 

Fortified Salts Market

Changing dietary patterns and lifestyles are also instrumental in shaping the industry dynamics. As consumers constantly rely on processed and convenience foods, there is a growing need to maintain their nutritional value. Fortified salts are being integrated into a wide range of food items, such as bakery products, condiments, and snacks, thus increasing the nutritional content of these popular consumer choices. Along with health-conscious consumers demanding healthier food options, it offers both flavor and added nutritional benefits.
 

Moreover, the rising health concerns necessitate the consumption of fortified salts to avert and manage conditions such as dental fluorosis and anaemia. There is increased emphasis on adopting preventive measure. As consumers maintain their focus on health and wellness, the fortified salts market will expansion, propelled by the need for vital nutrients to enhance overall health.
 

Regulatory challenges and differing standards for fortification across various countries are hindering market growth by creating difficulties for manufacturers in terms of compliance and product formulation. In addition, resistance from some consumers to accept the product due to taste preferences and misconceptions regarding the potential health effects of specific additives is deterring experimentations among players. It is crucial to overcome these challenges in order to fully realize the growth potential of the industry.

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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