Fortified Salts Market Insights, Business Trends and Growth Forecast by 2024
Category: #business  By Partha Ray  Date: 2019-08-14
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Fortified Salts Market Insights, Business Trends and Growth Forecast by 2024

Global Market Insights, Inc. provides a detailed overview of Fortified Salts Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Endorsed with a commendable health and nutritional value, fortified salts are gaining a remarkable traction on a large-scale. Fortified Salts Market valuation was recorded at USD 3.5 billion in 2016 and is projected to exceed a volume of 19.4 kilo tons by 2024. The growing emphasis on nutritional food intake coupled with the increasing prevalence of malnutrition among children are few of the profound factors favoring fortified salts industry trends. The iodine deficiency is also leaving a favorable impact on fortified salts industry trends. APAC and MEA are the two major regions highly under the influence of this trend with Goiter – an ailment caused by iodine deficiency, prevailing significantly in these regions. Owing to these prominent medical benefits, fortified salts industry is becoming an attraction for the investors to generate huge margins.

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Fortified salts find a wide range of applications across food processing, dental, hospital & service, and household & animal feed sectors. Burgeoning need for preserving processed & packaged food will boost the product demand across the food processing sector. Household & animal feed sector is forecast to record a CAGR of more than 7.5% over the coming seven years, subject to growing health consciousness among the consumers coupled with the rising healthy diet requirement for the livestock.

Fortified salts market value in the hospitality & service sector, worth more than USD 900 million in 2016, is estimated to hit over USD 1.5 billion by 2024, owing to the growing popularity of healthy as well as flavored food among the consumers.

Escalating concerns about the dental hygiene of the children aged between 2 to 11 years is expected to boost the product demand across the dental sector. Extensive product usage in healing gum ulcers and teeth whitening will accelerate fortified salts market growth in the dental sector.

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North America fortified salts industry size, which was evaluated at more than USD 1.5 billion in 2016, is projected to witness a lucrative surge in the future. Rise in the obese population, pregnancy-induced hypertension, neurological diseases, and miscarriages are some of the key growth drivers.

Asia Pacific fortified salts market value is foreseen to reach USD 2.4 billion by 2024, driven by healthy dietary habits coupled with the rise in the rate of life expectancy. China, Vietnam, and India are the major regional revenue pockets. Vietnam fortified salts industry is anticipated to grow at a rate of more than 7.5% over 2017-2024. Large production of fine salt along with its mounting sales will push the growth.

Double fortified salts industry revenue, worth USD 845 million in 2016, is set to expand at a CAGR of more than 8.5% over the coming years, owing to the rise in the anemic conditions among the women & child population across the globe. High product demand across the APAC region can be attributed to the large number of anemia cases witnessed among its population.

Online Stores, hypermarket & supermarket, and grocery stores are the various distribution channels of fortified salts industry. Fortified salts industry size from online stores is expected to hit USD 1.45 billion by 2024 registering a CAGR of more than 7% over the coming timeline. Fortified salts market revenue from hypermarket & supermarket is slated to grow at an annual rate of over 7% during the period from 2017 to 2024, subject to huge rebates offered by these stores on the purchase of items in bulk. Grocery stores contributed more than USD 1.5 billion towards fortified salts industry revenue in 2016 driven by the popular use of the product across the household sector.

AkzoNobel N.V., United Salt Corporation, Ahir Salt Industries, China National Salt Industry Corporation, Tata Chemicals Limited, Ankur Salt, Schweizer Salinen, Kutch Brine Chem Industries, and Cargill are the major participants of fortified salts industry.

Partial Report Content:

Chapter 1. Methodology and Scope

1.1.  Research methodology

1.1.1.   Initial data exploration

1.1.2.     Statistical model and forecast

1.1.3.     Industry insights and validation

1.1.4.     Definitions & forecast parameters

1.1.  Data sources

1.1.1.     Secondary

1.1.2.     Primary

Chapter 2. Executive Summary

2.1.  Fortified salts market 3600 synopsis, 2013 –2024

2.1.1.     Business trends

2.1.2.     Product trends

2.1.3.     Application trends

2.1.4.     Distribution channel trends

2.1.5.     Regional trends

Chapter 3. Fortified Salts Industry Insights

3.1.  Industry segmentation

3.2.  Industry landscape, 2013 - 2024

3.3.  Industry ecosystem analysis

3.4.  Regulatory landscape

3.5.  Raw material analysis

3.6.  Technology landscape

3.7.  Fortified salt market- organized vs unorganized sector

3.8.  Overview of diethylcarbamazine fortified salts

3.9.  Premium brands vs local brands

3.10.      Corporate sales vs household sales

3.11.      Parent market analysis

3.12.      Consumer behavior towards fortified salts in developing nations

3.13.      Pricing analysis

3.14.     Cost structure analysis

3.15.      Role of contract manufacturing in fortified salt production

3.16.      Industry impact forces

3.17.     Innovation & sustainability

3.18.      Growth potential analysis

3.19.      Marketing campaigns of major market players

3.20.      Porter's analysis

3.21.      Competitive landscape, 2016

3.22.     PESTEL analysis

Chapter 4. Fortified Salts Market, By Product

4.1.  Fortified salts market share by product, 2016 & 2024

4.2.  Iodine

4.3.  Iron

4.4.  Double fortified salts

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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