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Fortified Salts Market to Witness Growth Acceleration During 2017-2024

08-03-2018 02:51 PM CET | Industry, Real Estate & Construction

Press release from: marketstudyreport.com

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Fortified Salts Market to Witness Growth Acceleration During

The 2017-2024 report on global Fortified Salts market explores the essential factors of Fortified Salts industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts.

Fortified Salts Market size is projected to surpass USD 7 billion by 2024; according to a new research report.

Shifting consumer preference for nutritional diet coupled with increasing malnutrition concerns among children and adults will propel product demand. Rising prevalence of anemia due to iron deficiency will drive fortified salts market growth.

Growing demand for food preservation due to increasing preference for processed & packaged food will propel the fortified salts market. Growing hospitality & services industry along with increasing multi-cuisine restaurants are the key factors supporting the industry growth.

Positive outlook in curing dental caries along with rising dental hygiene concerns are the key factors fueling the industry growth. Globally, 60- 90% of school going children and almost every adult has dental cavities.
High profit margins will enhance vendors and manufacturers to boost production capacity and improve supply chain network for revenue growth.
Online stores are the fastest growing distribution channel with gains over 7% up to 2024. Increasing preference for online shopping owing to hectic & busy lifestyles will drive the industry growth in this segment. Expansion in the e-commerce industry along with provision of discounts & offers has provided positive outlook for fortified salts demand. Global online retail sales are growing and is estimated to surpass 8.5% of total retail spending in 2018 as compared to 7.4% in 2016.

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Double fortified salts were valued around USD 845 million in 2016. Growing anemia concerns among children and women globally will surge the product demand.

North America fortified salts market was worth over USD 1.5 billion in 2016. Increase in occurrence of obese population, gestational hypertension, miscarriages, and neurological disorders including cretinism among newborns will drive industry growth.

Asia Pacific market is anticipated to worth over USD 2.4 billion by 2024. Increasing consumer awareness pertaining to health & diet along with improving standard of living will propel the industry growth.

Vietnam is the fastest growing country in APAC with CAGR over 7.5% up to 2024. Presence of numerous finest salt producing companies along with increasing exports are the major factors fueling the fortified salts market size.
Global fortified salts industry is fragmented in nature due to large presence of regional manufacturers. Cargill, AkzoNobel, Tata Chemicals, Compass Minerals, Ankur Salt, Sambhar Salt, China National Salt Industry Windsor Salt, United Salt Corporation, Kutch Brine Chem Industries, Ahir Salt Industry and Schweizer Salinen are the major industry players.

Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/496338/

Table of 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
3.3.1. Raw material suppliers
3.3.2. Manufacturers
3.3.3. Profit margin trends
3.3.4. Distribution channel analysis
3.3.4.1. Distributors
3.3.4.2. Wholesalers
3.3.4.3. Retailers
3.3.5. Vendor matrix
3.3.5.1. Role
3.3.5.2. Product portfolio
3.3.5.3. Global presence
3.4. Regulatory landscape
3.4.1. US
3.4.2. EU
3.4.3. China
3.5. Raw material analysis
3.5.1. Iodine
3.5.2. Iron
3.5.3. Double fortified
3.6. Technology landscape
3.7. Fortified salt market- organized vs unorganized sector
3.8. Overview of diethylcarbamazine fortified salts

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