The global mineral salt ingredients market is set to experience remarkable growth, with its value projected to rise from USD 12.02 billion in 2024 to an impressive USD 17.55 billion by 2031. This expansion, driven by a CAGR of 5.60%. This market is expected to experience significant expansion, underpinned by several key factors, including the growing emphasis on food fortification, the increasing demand for dietary supplements, and the expanding application of micronutrients in agriculture and animal feed.
Another challenge for the market is the limited success of global fortification initiatives in reducing micronutrient deficiencies. Despite proactive government programs, deficiencies in essential nutrients like iron remain widespread, particularly in regions affected by poverty and lack of awareness. Addressing these underlying issues requires more than just increasing the supply of mineral salt ingredients; it necessitates targeted efforts to improve overall health and nutrition in vulnerable populations.
Moreover, the growing demand for fortified foods, dietary supplements, and agricultural micronutrients presents substantial opportunities for market players to diversify their product offerings and tap into new markets. As consumer interest in health and wellness continues to rise, companies that can effectively cater to this demand are likely to achieve significant growth.
This product will be delivered within 1-3 business days.
Market Overview and Growth Projections
In recent years, the market for mineral salt ingredients has shown a consistent upward trajectory, with demand increasing across various sectors. This trend is expected to continue as consumers become more health-conscious and seek products that offer enhanced nutritional value. Mineral salt ingredients, known for their ability to enrich food, beverages, pharmaceuticals, and other products, are becoming increasingly integral to maintaining a healthy lifestyle. This rising demand is anticipated to drive the market toward substantial growth.Key Drivers of Market Growth
1.The Growing Role of Food Fortification:
Food fortification, the process of adding essential micronutrients to commonly consumed food products, has become a significant trend in the global food industry. This process not only enhances the nutritional content of foods but also offers additional health benefits, such as preventing nutrient deficiencies that can lead to diseases like rickets and pellagra. As food fortification practices expand, the demand for mineral salt ingredients is expected to grow in tandem, as these ingredients are crucial in fortifying foods with necessary minerals and vitamins.2.Surge in Demand for Dietary Supplements:
The global market for dietary supplements is witnessing rapid growth, driven by increasing consumer awareness of preventive healthcare and the rising costs of traditional healthcare services. As more people recognize the importance of maintaining a healthy lifestyle, the use of dietary supplements has surged. Minerals and vitamins, often included in these supplements, play a critical role in supporting overall health. While the demand for dietary supplements is particularly strong in affluent regions like North America and Europe, it is also gaining traction in developing nations, contributing to the expanding market for mineral salt ingredients.3.Expanding Use of Micronutrients in Agriculture and Fertilizer:
Micronutrients, including essential micro-minerals, are vital for plant nutrition and are increasingly used in agriculture and fertilizers to improve crop yield and quality. The application of these micronutrients helps ensure that the soil is enriched with essential nutrients, promoting healthy plant growth. As the global demand for high-quality agricultural products continues to rise, the use of micronutrients is expected to expand, providing significant growth opportunities for suppliers of mineral salt ingredients.4.Rising Importance of Micro- and Macro-minerals in Animal Feed:
The inclusion of trace minerals, such as iron, copper, zinc, and manganese, in animal feed is gaining importance, particularly in developed regions like North America and Western Europe. These trace minerals are essential for preventing health issues in animals and ensuring their overall well-being. Although the practice of adding trace minerals to animal feed is more prevalent in developed regions, it is expected to gain momentum in developing countries, further driving the demand for mineral salt ingredients in the animal feed sector.Challenges Facing the Mineral Salt Ingredients Market
Despite the optimistic growth outlook, the mineral salt ingredients market faces several challenges that could hinder its full potential. Environmental concerns related to mining and mineral processing are among the most significant hurdles. Mining activities can lead to the loss of biodiversity, soil contamination, and other environmental issues, prompting governments to implement stringent regulations aimed at mitigating these effects. These regulations can limit the expansion of manufacturing facilities, particularly in countries like China, where environmental policies are increasingly strict.Another challenge for the market is the limited success of global fortification initiatives in reducing micronutrient deficiencies. Despite proactive government programs, deficiencies in essential nutrients like iron remain widespread, particularly in regions affected by poverty and lack of awareness. Addressing these underlying issues requires more than just increasing the supply of mineral salt ingredients; it necessitates targeted efforts to improve overall health and nutrition in vulnerable populations.
Opportunities for Market Expansion
To navigate these challenges, companies operating in the mineral salt ingredients market are exploring innovative strategies to expand their reach and enhance their market presence. One effective approach is to target rural and remote regions with marketing campaigns and awareness programs that highlight the benefits of mineral-rich diets. By raising awareness in these underserved areas, companies can expand their customer base and increase brand recognition.Moreover, the growing demand for fortified foods, dietary supplements, and agricultural micronutrients presents substantial opportunities for market players to diversify their product offerings and tap into new markets. As consumer interest in health and wellness continues to rise, companies that can effectively cater to this demand are likely to achieve significant growth.
Competitive Analysis and Strategic Initiatives
The competitive Analysis of the mineral salt ingredients market is characterized by the active expansion of product lines and production capacities by leading manufacturers. Companies are also placing a strong emphasis on research and development to introduce new products that cater to the specific needs of various industries, including food and beverages, pharmaceuticals, cosmetics, and animal feed.- Gadot Biochemical Industries Ltd. has made significant strides in expanding its capacity for magnesium citrate ingredients, responding to the growing demand for essential minerals with health benefits.
- Dr. Paul Lohmann GmbH & Co. KGaA is broadening its portfolio by introducing new mineral salt types, such as magnesium, zinc, and selenium salts, which are known for their natural mood-enhancing properties.
- Jungbunzlauer Suisse AG offers a diverse range of mineral salts tailored for industrial and pharmaceutical applications, enabling the company to strengthen its market position across multiple sectors.
- American Elements continues to drive growth through robust research and development initiatives, including science research programs that support new product development.
Key Market Players
- A&B Ingredients
- Archer Daniels Midland Company
- AGT Food & Ingredients
- Axiom Foods Inc.
- Burcon
- Cargill Incorporated
- CHS Inc.
- Cosucra
- DuPont
- Fuji Oil Holdings Inc.
- Glanbia plc
- Gushen Biotechnology Group Co. Ltd.
- Ingredion
- Kansas Protein Foods LLC
- Kerry
- Roquette Freres
- Tate & Lyle
- Titan Biotech Ltd.
- The Scoular Company
- Wilmar International Ltd.
Plant-based Proteins Industry Research by Category
Plant-based Proteins Market by Type:
- Soy Protein
- Wheat Protein
- Pea Protein
- Others
- Pulse Protein
- Rice Protein
- Potato protein
- Flax Protein
- Canola Protein
Plant-based Proteins Market by Form:
- Isolates
- Concentrates
- Hydrolysates
Plant-based Proteins Market by Nature:
- Organic Plant-based Proteins
- Conventional Plant-based Proteins
Plant-based Proteins Market by Application:
- Nutritional Products
- Sports Nutrition
- Medical nutrition
- Infant Nutrition
- Bakery
- Snacks & Cereals
- Dairy Alternatives
- Confectionery & Desserts
- Convenience Food
- Beverages
- Animal Feed
- Others
Plant-based Proteins Market by Region:
- North America Plant-based Proteins Market
- Latin America Plant-based Proteins Market
- Europe Plant-based Proteins Market
- South Asia Plant-based Proteins Market
- East Asia Plant-based Proteins Market
- Oceania Plant-based Proteins Market
- Middle East & Africa Plant-based Proteins Market
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Market Overview
3. Production Output and Trade Statistics, 2018 - 2023
4. Price Analysis, 2023
5. Global Mineral Salt Ingredients Market Outlook, 2018 - 2031
6. North America Mineral Salt Ingredients Market Outlook, 2018 - 2031
7. Europe Mineral Salt Ingredients Market Outlook, 2018 - 2031
8. Asia Pacific Mineral Salt Ingredients Market Outlook, 2018 - 2031
9. Latin America Mineral Salt Ingredients Market Outlook, 2018 - 2031
10. Middle East & Africa Mineral Salt Ingredients Market Outlook, 2018 - 2031
11. Competitive Landscape
12. Appendix
Companies Mentioned
- Corbion N.V.
- Albion Laboratories, Inc.
- Dr. Paul Lohmann GmbH KG
- K+S AKTIENGESELLSCHAFT
- Gadot Biochemical Industries Ltd.
- ISALTIS
- DuPont
- Jungbunzlauer Suisse AG
- SEPPIC
- Koninklijke DSM N.V.
Methodology
LOADING...
