Global Mineral Salt Ingredients Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 5.1 % through 2020 to 2026, reaching nearly US$ XX Bn.
Global Mineral Salt Ingredients Market Overview:
Increasing demand for nutrient-rich food products has resulted in an external addition of minerals in food products on a large scale. Mineral Salt Ingredients consist of different types of minerals that are consumed externally in the additive form in food products, beverages, and pharmaceuticals. Salt because of its global presence in food products is used as a medium to fulfill the nutrient demand of the body.
An increase in demand for healthy and nutrient-rich food additives has increased demand for Mineral Salt Ingredients. Increase in preference for a healthy lifestyle and as a preventive measure to protect the body from diseases that happen by mineral deficiency, the Global Mineral Salt Ingredients Market is booming.
Global Mineral Salt Ingredients Market Dynamics:
An increase in the number of people suffering from health-related issues like Insomnia, Goiter, Anemia, and Osteoporosis has resulted in a 3% increase in demand for Mineral Salt Ingredients in food products and beverages. It is observed that 7 out of 100 people living in urban areas suffer from mental health-related issues like Anxiety and Depression. Mineral Salt Ingredients act as an energizer for the central nervous system, resulting in partial relief from work-induced stress and other mental health-related issues.
Loss of appetite is one of the major reasons for insufficient nutrient content in the body. Data by the US National Institute of Mental Health suggests that more than 3% of the global population suffers from Anorexia Nervosa. More than 46% of men and 52% of women above the age of 60 years suffer from loss of appetite. Mineral Salt Ingredients are used on a large scale as a food additive and in the medicinal form to these people. The presence of such a large population in need of Mineral Salt Ingredients provides large-scale opportunities.
Arla Food Ingredients Group P/S has announced to invest US $ 120 Million to find more organic sources for Mineral Salt Ingredients. This has resulted in increased interest by people following a vegan diet.
Champion’s Choice announced a new range of Mineral Salt Ingredients rich food products for dairy animals and pets.
AkzoNobel launched a new product ‘Suprasel’ that has enhanced flavors and a limited amount of sodium content. This product is expected to attract people following a kosher, vegan, and low-sodium diet.
Increasing demand for mineral-rich food products for humans and animals is driving the growth of the Global Mineral Salt Ingredients Market.
Restraints:
Lack of awareness related to a wide-scale application of Mineral Salt Ingredients from the Food & Beverages Industry to the Cosmetics Industry is limiting the growth of this market.
Global Mineral Salt Ingredients Market Segment Analysis:
The Global Mineral Salt Ingredients Market is segmented on the basis of
By Mineral Type, Food products laced with Calcium, Potassium, and Iron have observed a 6% increase in demand in the Asia-Pacific region. The rising trend of Mineral Make-up has resulted in a 2.1% increase in consumption of Zinc by the Cosmetics Industry. Calcium in the form of Mineral Salt Ingredients is used on a large scale in the Dairy Industry.
Increasing demand for nutrient-rich fodder has resulted in a 5% increase in demand for Phosphorous, Iron, and Potassium by the Animal Husbandry Industry. Other mineral salts like Iodine and Copper are used on a large scale as food additives.
By Application, Mineral Salts are used on a large scale as food additives. It is observed that Functional Food Products for humans and animals consume more than 45% of the Mineral Salt Ingredients produced. A 3% rise has been observed in the consumption of Calcium in manufacturing mineral-rich dairy products.
Increasing demand for mineral-rich cosmetics and hair care products has resulted in a 9% increase in consumption of Mineral Salt Ingredients by the Cosmetics and Personal Care Products Manufacturing Industry. Large-scale use of Mineral Salt Ingredients in the Agriculture sector and by the Pharmaceuticals Industry has resulted in an 8.2% increase in consumption in the US and Europe.
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Increasing demand by people from different age groups for functional products has resulted in a 2.1% increase in sales of it. Infant food products, supplements for pregnant women, and mineral-rich pet food have accounted for more than 76% of sales in the functional food products category. Increasing demand for mineral-rich fodder has resulted in a 4.1% increase in sales of Mineral Salt Ingredients mixed animal food products.
The presence of nutrient properties that provides nourishment to skin and hair along with a rising preference for Mineral makeup has resulted in a 3.2% increase in consumption of Mineral Salt Ingredients in manufacturing Cosmetics and Personal Care Products.
Mineral Salt Ingredients are used on a large scale in manufacturing nutrient-rich fertilizers. This has resulted in a 4.5% increase in demand for Mineral Salt Ingredients by the Global Agriculture Sector. An increase in demand for medicines on mineral deficiency diseases like Goiter and Anemia has resulted in an 8% increase in demand for Mineral Salt Ingredients by the Pharmaceuticals Industry.
Global Mineral Salt Ingredients Market Regional Insights
Global Mineral Salt Ingredients Market Regional Insights
An increase in demand for mineral-rich food products and beverages has resulted in a 3% increase in sales of Mineral Salt Ingredient in the Asia-Pacific region. The presence of a large population that relies on external additives to complete the nutrient requirement of their body has resulted in a 3.5% increase in consumption of Mineral Salt Ingredients by the Food & Beverages and Pharmaceuticals Industry in this region.
An increase in the number of people suffering from mineral deficiency diseases like Anemia, Goiter, and Osteoporosis has resulted in a 7% increase in demand for Mineral Salt Ingredients by the Pharmaceutical Sector in South America. The rise of the Animal Husbandry Industry in this region has resulted in a 2.3% increase in sales of Mineral Salt Ingredients in this region.
North America is the biggest market for fertilizers made by using Mineral Salt Ingredients. It is observed that an increase in demand for soil-enriching materials has resulted in a 6.5% increase in consumption of Mineral Salt Ingredients by the Agriculture Sector in this region.
The increasing trend of using mineral-based cosmetics and personal care products has resulted in a 2.1% increase in consumption of Mineral Salt Ingredients by the Cosmetics Industry in Europe. Rising preference for nutrient-rich supplementary food products has resulted in a 2% increase in consumption of Mineral Salt Ingredients in Europe. The Middle East and Africa’s Market is showing a low growth rate, the reason for which is the presence of poor health infrastructure and constant political turmoil in this region.
The objective of the report is to present a comprehensive analysis of the global Mineral Salt Ingredients market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Mineral Salt Ingredients market dynamics, structure by analyzing the market segments and Project the global Mineral Salt Ingredients market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Mineral Salt Ingredients market make the report investor’s guide.
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Global Mineral Salt Ingredients Market Scope: Inquire before buying
Global Mineral Salt Ingredients Market
Global Mineral Salt Ingredients Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Mineral Salt Ingredients Market Key Players
• DSM NV
• Nutreco NV
• Cargill, Inc.
• SEPPIC
• Albion Laboratories Inc.
• Corbion
• DuPont
• Gadot Biochemical Industries Ltd.
• Arla Foods Ingredients Group P/S
• Akzonobel
• Minerals Technologies Inc.
• Compass Minerals International Inc.
• Jungbunzlauer Suisse AG
• Dr. Paul Lohmann GmbH & Co. KG
• Caravan Ingredients Inc.
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