April 18, 2024
Mineral Salt Ingredients Market

Mineral Salt Ingredients Market Is Anticipated To Witness High Growth Owing To Increasing Demand For Food With Nutritional Enrichment

The mineral salt ingredients market comprises minerals including calcium, potassium, magnesium, sodium and others which are added to food products for nutritional enhancement. Rising awareness regarding importance of maintaining balanced diet rich in minerals is propelling food companies to introduce products fortified with minerals. Mineral Salt Ingredients Market are widely used in bakery, dairy, beverages, confectionery, snacks, seasoning mixes and meat products to enhance taste and texture while providing required minerals. The demand for convenience and ready-to-eat food is growing rapidly which is fueling adoption of mineral salt ingredients by food processors.

The global mineral salt ingredients market is estimated to be valued at US$ 12.17 Bn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the mineral salt ingredients market are 3M, BSN medical, Zimmer Biomet Holdings, Inc., DJO, LLC, Össur Corporate, Stryker Corporation, Ottobock Holding GmbH & Co. KG, medi GmbH & Co. KG, Remington Products Company, Becker Orthopedic, Prime Medical Inc.,Tynor Orthotics Pvt Ltd., United Medicare, and Orthosys. These players are focusing on new product launches, acquisitions and facility expansions to strengthen their market position.

Mineral Salt Ingredients Market provides significant opportunities for food companies to launch fortified food products with enhanced nutritional value. Growing health-conscious population and rising per capita expenditure on healthy foods in developing nations will support market growth.

The major global players are expanding their production facilities and distribution networks in Asia Pacific and Latin America to tap the high growth potential in these regions. With rising disposable income and shifting dietary patterns, demand for fortified food products is expected to surge rapidly in emerging economies.

Market drivers – Increasing cases of mineral deficiency disorders worldwide due to changing lifestyle and dietary patterns is a major market driver. Growing aging population prone to bone and joint disorders will also augment the demand.

Market restrain – Stringent regulatory framework regarding usage levels of individual minerals is a key challenge for players. Excess consumption of certain mineral salts like sodium can cause health issues which may restrain market growth.

Segment Analysis

The mineral salt ingredients market is dominated by the sodium chloride segment. Sodium chloride (common salt) is the top mineral salt ingredient used in food processing globally. It acts as a flavor enhancer that brings out other flavors in food and drink. Food manufacturers utilize sodium chloride in various applications like seasoning salts, brine, meat curing, etc. which drives its widespread use. Potassium chloride based mineral salt ingredients hold a notable share as well due to their usage as a sodium-free substitute in certain food products to reduce sodium intake.

Global Analysis

Regionally, North America dominates the global mineral salt ingredients market owing to high consumption of packaged and processed foods. The increasing health consciousness among consumers and rising number of people opting for low-sodium diet has boosted demand for mineral salt ingredients with sodium alternatives like potassium chloride in the region. Asia Pacific is the fastest growing regional market for mineral salt ingredients supported by expanding food processing industry, rising disposable incomes, and growing health awareness in densely populated countries like China and India.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it