Selbyville, DE -- (SBWIRE) -- 12/10/2018 -- Growing demand for food preservation due to increasing preference for processed & packaged food will propel the fortified salts market. Growing hospitality & services industry along with increasing multi-cuisine restaurants are the key factors supporting the industry growth.

Fortified Salts Market size is projected to surpass USD 7 billion by 2024; according to a new research report. Shifting consumer preference for nutritional diet coupled with increasing malnutrition concerns among children and adults will propel product demand. Rising prevalence of anemia due to iron deficiency will drive fortified salts market growth.

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Positive outlook in curing dental caries along with rising dental hygiene concerns are the key factors fueling the industry growth. Globally, 60- 90% of school going children and almost every adult has dental cavities. High profit margins will enhance vendors and manufacturers to boost production capacity and improve supply chain network for revenue growth.

Online stores are the fastest growing distribution channel with gains over 7% up to 2024. Increasing preference for online shopping owing to hectic & busy lifestyles will drive the industry growth in this segment. Expansion in the e-commerce industry along with provision of discounts & offers has provided positive outlook for fortified salts demand. Global online retail sales are growing and is estimated to surpass 8.5% of total retail spending in 2018 as compared to 7.4% in 2016.

Hospitality & service industry was valued over USD 900 million in 2016. Rising demand for processed meat including preservation of for canned hams, hams, roasts, fish and meatballs will drive the demand. By 2025, the consumption of meat is predicted to increase by as much as another 100%.

Household industry is estimated to generate over 5,800 kilotons in volume by 2024. High application scope as cooking salt owing to its health benefits has enhanced the product scope. Changing lifestyle along with increasing disposable income will support the fortified salts market.

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Iodine will witness gains at 7.1% up to 2024. Iodine deficiency causing fatigue, constipation, chances of stillbirth in pregnant women, depression, abnormal weight gain and goiter will propel the product penetration.

North America fortified salts market was worth over USD 1.5 billion in 2016. Increase in occurrence of obese population, gestational hypertension, miscarriages, and neurological disorders including cretinism among newborns will drive industry growth.

Asia Pacific market is anticipated to worth over USD 2.4 billion by 2024. Increasing consumer awareness pertaining to health & diet along with improving standard of living will propel the industry growth.

Global fortified salts industry is fragmented in nature due to large presence of regional manufacturers. Cargill, AkzoNobel, Tata Chemicals, Compass Minerals, Ankur Salt, Sambhar Salt, China National Salt Industry Windsor Salt, United Salt Corporation, Kutch Brine Chem Industries, Ahir Salt Industry and Schweizer Salinen are the major industry players.

Table of Contents

Chapter 1. Methodology & Scope

Chapter 2. Executive Summary

Chapter 3. Fortified Salts Industry Insights

Chapter 4. Fortified Salts Market, By Product

Chapter 5. Fortified Salts Market, By Region

Chapter 6. Fortified Salts Market, Company Profiles

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