Fortified Salts Market To Generate Massive Revenue in Upcoming Future 2021-2031

Fortified Salts Market: Introduction

Iron Deficiency Anemia (IDA) and Iodine Deficiency Disorder (IDD) contributes for the micronutrient deficiencies of public health significance across the globe, prominently in the developing and under-developed economies.

Salt is an ideal carrier for micronutrient fortification and micronutrients like iodine and iron can be introduced through salt, which ingested by an individual provides numerous nutritional benefits, this micronutrient added salt is called as fortified salt.

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Fortified Salts Market: Dynamics

The main driving factor for the global fortified salts market is growing consumer preference for nutritional diet coupled with persistently mounting malnutrition cases among the children and adults have resulted in increased demand for fortified salts across all major developing economies. The prime factor such as rising incidence of anemia due to iron deficiency is further augmenting the sales for fortified salts.

The significant increase in sales of fortified salts due to the growing demand for food preservation owing to increased consumption of processed and packaged food is highly anticipated to drive the global fortified salts market. Moreover, rising prevalence of goiter and anemia in South Asia and MEA undeveloped countries and government initiative to promote fortified salts is anticipated to create a significant opportunity for the global fortified salts market.

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Fortified Salts Market: Segmentation

The global fortified salts market is segmented on the basis of product, application, sales channel and region.

Based on the product, the global fortified salts market is segmented as:

Iodine
Iron
Double fortified
Based on the application, the global fortified salts market is segmented as:

Hospitality & Service Industry
Hotels
Restaurants
Food Processing Industry
Household
Animal Feed
Based on the sales channel, the global fortified salts market is segmented as:

Hypermarkets & supermarkets
Grocery stores
Online stores

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Fortified Salts Market: Regional Outlook

Based on geographies, the global fortified salts market is segmented into seven regions including North America, Europe, MEA, East Asia (Japan, China, South Korea), South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest), Oceania (Australia, New Zealand) and Latin America. Among the above-mentioned countries, South Asia is estimated to account for a significant market share due to rise in the population in countries such as India, Indonesia, and Rest of South Asia. MEA is anticipated to witness a high growth in the global fortified salts market owing to the rise in cases of goiter and anemia in the region.

Fortified Salts Market: Prominent players

Prominent players for the global fortified salts market Cargill, AkzoNobel, Tata Chemicals, Compass Minerals, Ankur Salt, Sambhar Salt, China National Salt Industry Windsor Salt,etc.The fortified salts market consists of well-diversified global and regional players with the regional vendors ruling their respective region market.

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