The Global Fortified
Salt Market report provides an in-depth overview of product specifications,
technologies and product types, and production analysis taking into account key
factors such as revenue, cost, and gross margin. Competitor analysis is one of
the most important aspects of a market research report that helps companies
determine their strategies compared to their competitors. Fortified Salt market
research report identifies and analyzes emerging trends along with key drivers,
inhibitors, challenges and opportunities in the market. In this era of
globalization, as the whole world is a market, companies are trying to adopt
global market research reports.
Fortified Salt Market size is projected to reach USD 7.9
Billion units by 2027 from an estimated USD 4.5 Billion unit in 2019, growing
at a CAGR of 8.4% globally.
Businesses can gain absolute know-how on general market conditions and trends with the information and data covered in reliable Fortified Salt reports. In order to gain knowledge of all of the above, this market report is transparent, extensive and of high quality. This report covers market analysis, market definitions, market segmentation, key developments in the market, key players or competitor’s analysis and detailed research methodology. The world-class Fortified Salt Market report consists of several market dynamics and growth rates and market value estimates based on market dynamics and growth drivers.
Global Fortified Salt Market: Segmentation
The Global Fortified Salt market is segmented on the basis
type, application and region. The growth amongst the different segments helps
you in attaining the knowledge related to the different growth factors expected
to be prevalent throughout the market and formulate different strategies to
help identify core application areas and the difference in your target market.
Type Insights
Iodine, Iron, Double Fortified Salt
Application Insights
Food And Beverage Industry, Food Processing, Household,
Animal Feed, Hospitality And Services, Others
Geographically, the detailed analysis of
consumption, revenue, market share, and growth rate of the following regions:
– The Middle East
and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador,
Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark,
Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Key Players in Fortified Salt Market
Cargill Incorporated, Tata Chemicals, China
National Salt Industry, United Salt Corporation, Kutch Brine Chem Industries,
Sambhar, AkzoNobel, Schweizer Salinen, Ankur Salt, Windsor Salt, Annapurna
Salt, Bajaj Salt, Super Salt, Shreeram Chem Food, Saboo Sodium Choro, Ahir Salt
Industries, Hindustan Salt, Compass Minerals, Tamil Nadu Salt Corporation
Fortified Salts Market Report Coverage
|
Report Coverage |
Details |
|
Base Year: |
2020 |
|
Market Size in 2019: |
4.5 Billion (USD) |
|
Forecast Period: |
2022 to 2028 |
|
2027 Value Projection: |
7.9 Billion (USD) |
|
Historical Data for: |
2016 to 2019 |
Covid 19 Effect: Fortified Salt Market
Fortified food products
are primarily used to fulfill nutritional deficiencies as well as to enhance
the immune system in the human body. Thus, after the outbreak of COVID 19
increasing awareness as well as a necessity among consumers about immunity to
safeguard themselves from the virus had accelerated the sales of such products.
This factor in turn has increased the demand for fortified salt. COVID-19 has
disrupted the value chain across the globe owing to shut down of manufacturing
facilities, restrictions of transportation, and closures of borders across the
countries. This factor has hampered the production and sales of the product
across the globe, however, since it falls under essential food items the
production was resumed after a short period. Moreover, increasing support of
e-commerce for essential food items is expected to increase the sales of the
product in developed countries. However, limited awareness and low purchasing
power in developing countries will hamper the fortified salts market growth.