Mineral Salt Ingredients Market Business Strategy and Forecast to 2028 - Top Companies Corbion, Minerals Technologies Inc., Compass Minerals International Inc, Gadot Biochemical Industries Ltd

Global Mineral Salt Ingredients Market, by Types (Micro Minerals and Macro Minerals), by Applications (Dairy products, Infant Formula, Functional Food, Cosmetics and Personal Care, Pharmaceuticals, Agriculture, and Others) and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis

The Global Mineral Salt Ingredients Market is estimated to be valued at US$ 10,108.0 million in 2021 and is expected to exhibit CAGR of 5.0% over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Salt is a crystalline mineral that is made up of two elements, such as sodium and chlorine. Minerals salt ingredients occur in the mineral form and are widely used in the daily diet. Brines, mines, and seawater are some of the major sources of minerals salts. However, they can be also extracted from dairy products, grains, flowers, meat, fruits, and plants. Minerals are important natural elements that play an important role in the regulation of all biochemical processes and chemical functions in the human body. Dairy products, infant formula, cosmetics, and personal care, agriculture, functional food, and pharmaceuticals are some of the major applications of mineral salt ingredients.

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Competitive Landscape:

Major players operating in the global mineral salt ingredients market are Koninklijke DSM N.V., SEPPIC, Jungbunzlauer Suisse AG, DuPont, Arla Foods amba, Albion Laboratories, Inc., Gadot Biochemical Industries Ltd., K+S AKTIENGESELLSCHAFT, Dr. Paul Lohmann GmbH KG, Minerals Technologies Inc., Corbion, and Compass Minerals International Inc., among others.

Key Market Drivers:

Increasing demand for healthful supplement that include minerals salts ingredients and growing geriatric population across the globe is expected to propel growth of the mineral salt ingredients market during the forecast period. For instance, according to the World Health Organization (WHO), by 2030, one in six people in the world will be aged 60 years or over, and by 2050, the world's population of people aged 60 years and older will double (2.1 billion).

Moreover, rising cases of minerals salt deficiency is expected to augment growth of the mineral salt ingredients market. Mineral deficiency is a lack of the healthful minerals, the micronutrients that are needed for an organism's proper health. For instance, at least half of children worldwide younger than 5 years of age suffer from vitamin and mineral deficiencies. WHO recommends multiple types of interventions to address nutrition deficiencies.

COVID-19 Impact Analysis:

Good nutrition is crucial for health, particularly in times when the immune system might need to fight back. Limited access to fresh and healthy foods can compromise chances of continuing to eat healthy and varied diet. Even with few and limited ingredients, one can continue eating a diet that supports good health. This in turn is expected to increase the demand for mineral salt ingredients, driving the growth of the market.

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Key Takeaways:

The mineral salt ingredients market is expected to exhibit a CAGR of 5.0 % during the forecast period due to the increasing awareness among people about the health benefits of minerals salt. For instance, mineral salts support the general health and optimal function of the body by regulating muscular and cellular function, detoxification, nutrient absorption, blood pressure, digestion, and fluid balance.
Among regions, North America, Europe, and Asia Pacific are expected to witness robust growth in the mineral salt ingredients market owing to the increasing demand for vitamin and mineral-rich food ingredients, rise in demand for healthful supplement, growing geriatric population, rising cases of minerals salt deficiency, and rapid growth of the food industry.

For instance, according to the US Census Bureau, the number of Americans ages 65 and over is expected to nearly double from 52 million in 2018 to 95 million by 2060.

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About US:
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.