PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1422728
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1422728
Fortified Salts Market Size - By Product (Iodine, Iron, Double Fortified Salts), Research Report, Regional Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Global Forecast, 2023 - 2032
The fortified salts market is predicted to witness over 8% CAGR from 2023 to 2032, driven by a surge in health-conscious consumers seeking functional food alternatives.
The heightened awareness of the importance of essential minerals and the proactive approach of consumers towards preventive healthcare is creating a conducive environment for the market players to explore opportunities and expand their product profile. According to a recent report by Amazon Web Services (AWS), RedSeer Strategy Consultants, and Chiratae Ventures, the preventive healthcare market in India will reach USD 197 billion by 2025.
The fortified salts market is classified based on product, application, distribution channel, and region.
The iron segment is expected to witness substantial growth through 2032 as it plays a crucial role in combating iron-deficiency anemia globally. Iron-fortified salts offer an accessible and convenient solution for individuals looking to boost their iron intake. With an increasing prevalence of iron-deficiency-related health issues, fortified salts containing iron provide a practical and cost-effective means to address this concern.
The restaurants segment will generate massive revenues in the market by 2032 as fortified salts are transforming the culinary landscape. Recognizing the dual benefits of enhanced flavor and added nutritional value, restaurants are increasingly incorporating fortified salts into their recipes. Chefs and foodservice professionals are experimenting with different types of fortified salts to not only enhance the taste of their dishes but also to contribute to the nutritional well-being of their patrons.
North America fortified salts market share is anticipated to expand substantially through 2032 due to an increasing number of consumers adopting fortified salts to address nutritional gaps in their diets. The region's growing health and wellness trend, coupled with a proactive approach to preventive healthcare, has fueled the product demand. Government initiatives promoting the fortification of staple foods further contribute to the market expansion as consumers are embracing the concept of 'food as medicine' and actively seeking products that enhance their nutritional intake.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360-degree synopsis
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Technology & innovation landscape
- 3.3 Regulatory landscape
- 3.4 Industry impact forces
- 3.4.1 Growth drivers
- 3.4.2 Industry pitfalls & challenges
- 3.5 Growth potential analysis
- 3.6 Porter's analysis
- 3.6.1 Supplier power
- 3.6.2 Buyer power
- 3.6.3 Threat of new entrants
- 3.6.4 Threat of substitutes
- 3.6.5 Industry rivalry
- 3.7 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
Chapter 5 Market Size and Forecast, By Product Type, 2018-2032 (USD Billion, Kilo Tons)
- 5.1 Key trends
- 5.2 Iodine
- 5.3 Iron
- 5.4 Double fortified salts
Chapter 6 Market Size and Forecast, By Application, 2018-2032 (USD Billion, Kilo Tons)
- 6.1 Key trends
- 6.2 Hospitality & service industry
- 6.2.1 Hotels
- 6.2.2 Restaurants
- 6.3 Food processing industry
- 6.4 Household
- 6.5 Animal feed
Chapter 7 Market Size and Forecast, By Distribution Channel, 2018-2032 (USD Billion, Kilo Tons)
- 7.1 Key trends
- 7.2 Hypermarket & Supermarket
- 7.3 Grocery stores
- 7.4 Online sales
Chapter 8 Market Size and Forecast, By Region, 2018-2032 (USD Billion, Kilo Tons)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
- 8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 South Africa
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 Ahir Salt Industries
- 9.2 AkzoNobel
- 9.3 Ankur Salt
- 9.4 Annapurna Salts
- 9.5 Bajaj Salt
- 9.6 Cargill Salt
- 9.7 China National Salt Industry
- 9.8 Compass Minerals
- 9.9 Hindustan Salts
- 9.10 Kutch Brine Chem Industries
- 9.11 Nirma Shudh
- 9.12 Saboo Sodium Chloro
- 9.13 Sambhar Salts
- 9.14 Schweizer Salinen
- 9.15 Shreeram Chemfood
- 9.16 Super Salts
- 9.17 Tamil Nadu Salt Corporation
- 9.18 TATA Chemicals
- 9.19 United Salt Corporation
- 9.20 Windsor Salts
