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Fortified Salts Market size was valued over USD 3.5 billion in 2016 and is set to exceed 19.4 kilo tons by 2024.<br><br>Get more details @ https://goo.gl/oPxyp2
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Fortified Salts Market trends research and projections for 2017-2024 Fuel Cell Market size worth $25.5bn by 2024
KeyInsights from Fortified Salts Market : • Endorsed with a commendable health and nutritional value, fortified salts are gaining a remarkable traction on a large-scale. Fortified Salts Market valuation was recorded at USD 3.5 billion in 2016 and is projected to exceed a volume of 19.4 kilo tons by 2024. The growing emphasis on nutritional food intake coupled with the increasing prevalence of malnutrition among children are few of the profound factors favoring fortified salts industry trends. • The iodine deficiency is also leaving a favorable impact on fortified salts industry trends. APAC and MEA are the two major regions highly under the influence of this trend with Goiter – an ailment caused by iodine deficiency, prevailing significantly in these regions. Owing to these prominent medical benefits, fortified salts industry is becoming an attraction for the investors to generate huge margins.
Continued... • Fortified salts find a wide range of applications across food processing, dental, hospital & service, and household & animal feed sectors. Burgeoning need for preserving processed & packaged food will boost the product demand across the food processing sector. Household & animal feed sector is forecast to record a CAGR of more than 7.5% over the coming seven years, subject to growing health consciousness among the consumers coupled with the rising healthy diet requirement for the livestock. • Fortified salts market value in the hospitality & service sector, worth more than USD 900 million in 2016, is estimated to hit over USD 1.5 billion by 2024, owing to the growing popularity of healthy as well as flavored food among the consumers. • Escalating concerns about the dental hygiene of the children aged between 2 to 11 years is expected to boost the product demand across the dental sector. Extensive product usage in healing gum ulcers and teeth whitening will accelerate fortified salts market growth in the dental sector.
U.S. Fortified Salts Market Size, By Product, 2016 & 2024 (USD Million)
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360° Analysis • Application Trends • Extensive application scope of fortified salts in the preservation of meatballs, canned meats, roasts, hams, meatballs, and fish will favor industry growth. According to Organization for Economic Co-operation and Development, meat consumption is estimated around 80 kilograms on average per person in developed countries and 32 kilograms per person in developing countries. • Regional Trends • North America fortified salts market size was valued at over USD 1.5 billion in 2016. Growing obese population will drive the industry growth as more than one-third of adults are overweight in the region. The product maintains optimal energy level in body by effective calorie utilization, without allowing it to deposit as excess fats. • Competitive Market Share • In last few years, number of babies born prematurely due to iron and iodine deficiency increased significantly. The consumption of sodium chloride with added nutrients has witnessed significant gains. Food experts urged customers to check product labels and choose items with high nutritional ingredients.
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