Global Mineral Salt Ingredients Market - Growth, Trends and Forecasts (2022 - 2030)
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The global mineral salts market records a revenue of USD 451.47 million in 2016 and estimated to register a promising CAGR of 5.3% over the forecast period, 2018-2023. Asia-Pacific region is expected to account for the major share in the global market.
Market dynamics
The factors driving global mineral salt ingredients market are the multiple health problems caused by deficiency, the increased prevalence of chronic diseases, presence of a large population over 65 years, and rise in awareness about a nutrient and mineral salt ingredients rich diet. There is a recommended daily value of mineral salt ingredients for the general population. The rapid advancements in product offerings is another factor which has a role in the growth of the global mineral salt ingredients market during the forecast period. The restraining element of mineral salt market is the accumulation of ingredients in case of excess consumption that may cause health issues among consumers. 29 European countries have salt reduction initiatives in place. The main motive by these countries is to reduce the intake of sodium but still retain the flavor. This is driving the sodium reduction ingredients market. The principal driver behind the increased production in China has been growing demand from the Chinese chemical industry and, to a lesser extent, from population growth.
Market Segmentation
The product type can segment the global mineral salt ingredients market into micro mineral salt ingredients and macro mineral salt ingredients like Sodium, Potassium, Chloride, Calcium, Phosphorus, and Magnesium. By application, the market is into Dairy products, Infant formula, Functional Food, Cosmetics and personal care, Pharmaceuticals, Agriculture, and Others. Potassium chloride (KCl) is the most preferred ingredient type in the mineral salts segment, as the performance of this ingredient is similar to that of normal salt (NaCl).
The market share of Macro Mineral salt ingredients segment is expected to be the highest, followed by the Micro Mineral salt ingredients segment over the forecast period. Among the application segments, the functional food sector is expected to be having the highest revenue.
Regional Analysis
The Asia- Pacific market has been estimated to dominate the global mineral salt ingredients market, accounting for the maximum revenue share of the market. Europe holds the next major revenue share of the global mineral salt ingredients market. South America is an emerging market with an estimate of 4.8% CAGR, followed by the North America market, due to an emerging trend of the adoption of functional foods as a rich source of mineral salt ingredients. Calcium is the most important mineral in the US. Americans and Japanese have cases of calcium deficiency, which implies the importance of mineral salt ingredients market in the region. In Europe, the market is smaller than in the U.S. partly because of a heavy consumption of dairy products but also due to regulation factors.
MAJOR PLAYERS: MINERALS TECHNOLOGIES INC., COMPASS MINERALS INTERNATIONAL INC., CARAVAN INGREDIENTS INC., SEPPIC, ARLA FOODS AMBA, GADOT BIOCHEMICAL INDUSTRIES LTD., AKZONOBEL, JUNGBUNZLAUER SUISSE AG, ALBION LABORATORIES INC. and DR. PAUL LOHMANN GMBH KG, amongst others.
Key developments
• June 2017: Suprasel® OneGrain: A unique mineral salt with less sodium and great taste, all in one grain is produced by AkzoNobell. Sub4Salt®: Patented mineral salt blend which can reduce the sodium content in meat products.
Reasons to Purchase this Report
• Analyzing outlook of the market with the recent trends and Porter’s five forces analysis.
• Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
• Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
• Country-level analysis, integrating the demand and supply forces that are influencing the growth of the market.
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
• Comprehensive company profiles, covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.
• 3 months analyst support along with the Market Estimate sheet (in excel).
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
Market dynamics
The factors driving global mineral salt ingredients market are the multiple health problems caused by deficiency, the increased prevalence of chronic diseases, presence of a large population over 65 years, and rise in awareness about a nutrient and mineral salt ingredients rich diet. There is a recommended daily value of mineral salt ingredients for the general population. The rapid advancements in product offerings is another factor which has a role in the growth of the global mineral salt ingredients market during the forecast period. The restraining element of mineral salt market is the accumulation of ingredients in case of excess consumption that may cause health issues among consumers. 29 European countries have salt reduction initiatives in place. The main motive by these countries is to reduce the intake of sodium but still retain the flavor. This is driving the sodium reduction ingredients market. The principal driver behind the increased production in China has been growing demand from the Chinese chemical industry and, to a lesser extent, from population growth.
Market Segmentation
The product type can segment the global mineral salt ingredients market into micro mineral salt ingredients and macro mineral salt ingredients like Sodium, Potassium, Chloride, Calcium, Phosphorus, and Magnesium. By application, the market is into Dairy products, Infant formula, Functional Food, Cosmetics and personal care, Pharmaceuticals, Agriculture, and Others. Potassium chloride (KCl) is the most preferred ingredient type in the mineral salts segment, as the performance of this ingredient is similar to that of normal salt (NaCl).
The market share of Macro Mineral salt ingredients segment is expected to be the highest, followed by the Micro Mineral salt ingredients segment over the forecast period. Among the application segments, the functional food sector is expected to be having the highest revenue.
Regional Analysis
The Asia- Pacific market has been estimated to dominate the global mineral salt ingredients market, accounting for the maximum revenue share of the market. Europe holds the next major revenue share of the global mineral salt ingredients market. South America is an emerging market with an estimate of 4.8% CAGR, followed by the North America market, due to an emerging trend of the adoption of functional foods as a rich source of mineral salt ingredients. Calcium is the most important mineral in the US. Americans and Japanese have cases of calcium deficiency, which implies the importance of mineral salt ingredients market in the region. In Europe, the market is smaller than in the U.S. partly because of a heavy consumption of dairy products but also due to regulation factors.
MAJOR PLAYERS: MINERALS TECHNOLOGIES INC., COMPASS MINERALS INTERNATIONAL INC., CARAVAN INGREDIENTS INC., SEPPIC, ARLA FOODS AMBA, GADOT BIOCHEMICAL INDUSTRIES LTD., AKZONOBEL, JUNGBUNZLAUER SUISSE AG, ALBION LABORATORIES INC. and DR. PAUL LOHMANN GMBH KG, amongst others.
Key developments
• June 2017: Suprasel® OneGrain: A unique mineral salt with less sodium and great taste, all in one grain is produced by AkzoNobell. Sub4Salt®: Patented mineral salt blend which can reduce the sodium content in meat products.
Reasons to Purchase this Report
• Analyzing outlook of the market with the recent trends and Porter’s five forces analysis.
• Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
• Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
• Country-level analysis, integrating the demand and supply forces that are influencing the growth of the market.
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
• Comprehensive company profiles, covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.
• 3 months analyst support along with the Market Estimate sheet (in excel).
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
Details
INH-13101629
01-Mar-2018
120
01-Mar-2018
120
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