Fortified Salts Market Size, Share, Price, Growth 2032

Fortified Salts Market Insights

According to Zion Market Research, the global Fortified Salts Market was worth USD 6.28 Billion in 2023. The market is forecast to reach USD 13.26 Billion by 2032, growing at a compound annual growth rate (CAGR) of 7.8% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Fortified Salts Market industry over the next decade.

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Fortified Salts Market: Overview

Based on the clinical trials carried out by NIH researchers, fortified salts with iodine and iron has proved to  be a cost-effective solution for low and middle income group population across the emerging economies. Reportedly, Positive effects of these fortified salts were found in women and school children. Moreover, the salts fortified with iron and iodine helped in reducing anemia risk and increased hemoglobin concentration in school children and pregnant women in the emerging economies.

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Fortified Salts Market: Growth Dynamics

Massive consumer inclination towards nutritive food along with rising cases of malnutrition witnessed among the adults as well as children across the emerging economies will create lucrative growth avenues for fortified salts industry over the assessment timeline. Apart from this, surge in the cases of anemia as a result of iron deficiency is likely to drive the market growth trends. With large-scale sale of fortified salts owing to humungous need for preserving food is anticipated to favorably impact the intake of packaged & processed food, thereby steering the expansion of fortified salts industry over the assessment period.

Furthermore, rise in the occurrence of goiter in the under-developed nations of Africa and South Asia will create lucrative demand for fortified salts in the foreseeable future. In addition to this, exceptional nutrient features of the product assisting in combating gestational high blood pressure and neurological ailments will steer the expansion of fortified salts industry over the assessment period. Rise in the number of miscarriages as well as low mental growth witnessed in the children as a result of less intake of iron has resulted in induction of programs by the government in the emerging nations for promoting the consumption of fortified salts. Such positive moves will lucratively influence the expansion of fortified salts industry over the years ahead.

Fortified Salts Market: Report Scope

Asia Pacific Market To Expand Leaps & Bounds Over Forecast Timeframe

The expansion of fortified salts industry in Asia Pacific over the assessment period is due to growing demand for nutritive diet by surging geriatric populace with increasing lifespan. In addition to this, increase in the cases of anemia among the Asiatic population has created massive need for iron along with intake of high quality food. This, in turn, is anticipated to steer the expansion of fortified salts market over the projected timeline.

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Key participants profiled in the report include:

• Hindustan Salts
• Tamil Nadu Salt Corporation
• Bajaj Salt
• AkzoNobel
• Shreeram Chemfood
• Tata Chemicals
• Cargill Salt
• Nirma Shudh
• Compass Minerals
• Ankur Salt
• China National Salt Industry
• Annapurna Salts
• Windsor Salts
• Sambhar Salts
• Kutch Brine Chem Industries
• United Salt Corporation
• Schweizer Salinen
• Ahir Salt Industries
• Saboo Sodium Chloro
• Super Salts.

The global fortified salts market is segmented as follows:

By Product

• Iodine
  • By Application
    • Hospitality & Service
    • Food Processing
    • Household & Animal Feed
  • By Distribution Channel
    • Hypermarket & Supermarket
    • Grocery Stores
    • Online Stores
• Iron
  • By Application
    • Hospitality & Service
    • Food Processing
    • Household & Animal Feed
  • By Distribution Channel
    • Hypermarket & Supermarket
    • Grocery Stores
    • Online Stores
• Double Fortified Salts
  • By Application
    • Hospitality & Service
    • Food Processing
    • Household & Animal Feed
  • By Distribution Channel
    • Hypermarket & Supermarket
    • Grocery Stores
    • Online Stores

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa