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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Definition of Market/Industry:

Minerals salt ingredients usually occur in the mineral form and are widely used in the daily diet. Some of the major sources of minerals salts are seawater, mines, and brines. However, they can be also extracted from dairy products, meat, plants, fruits, flowers, and grains. Agriculture, food & beverages, and pharmaceutical industries are some of the major industries of minerals salts ingredients.

The global mineral salt ingredients market is estimated to be valued at US$ 10,108.0 million in 2021 and is expected to exhibit a CAGR of 5.0% % over the forecast period (2021-2028).

Recent Developments:

  • On July 26, 2021 Minerals Technologies Inc. acquired Normerica Inc. a leading supplier of premium pet care products in North America. MTI is financing the acquisition through a combination of cash on hand and its current credit facilities. The purchase of Normerica is expected to be accretive to MTI’s earnings per share in 2021.
  • On July 1, 2021 Corbion has acquired full ownership of Granolife for an undisclosed price. Granolife is a key player in functional blends for the Mexican bakery and fortification industries. The company is based in Querétaro, Mexico, employs around 60 staff and operates a production facility and an application and development center. Corbion has taken over the Granolife business with immediate effect
  • On 1 July 2021, Compass Minerals has completed the sale of the company’s South America specialty plant nutrition business to a subsidiary of ICL Group. The successful transaction represents a significant step in Compass Minerals’ prioritization of core assets and, by strengthening its balance sheet, enhances the company’s ability to pursue potential strategic growth opportunities.

Figure 1. Global Mineral Salt Ingredients Market Value (US$ 9,611.2Mn), by Region, 2020

Mineral Salt Ingredients  | Coherent Market Insights

  • Asia Pacific region held dominant position in the global mineral salt ingredients market in 2020, accounting for 35.60% share in terms of revenue followed by Europe and North America, respectively. An increase in demand for mineral-rich food products and beverages has resulted in a 3% increase in sales of Mineral Salt Ingredient in the Asia-Pacific region. The presence of a large population that relies on external additives to complete the nutrient requirement of their body has resulted in a 3.5% increase in consumption of Mineral Salt Ingredients by the Food & Beverages and Pharmaceuticals Industry in this region.

Drivers:                       

Rapidly growing food industry coupled with the rising awareness regarding the health benefits of minerals salt is expected to propel the market growth of the mineral salt. Rising cases of minerals salt deficiency such as insomnia, fatigue, weakness, osteoporosis, anemia, depression, and goiter are also contributing to market growth of the mineral salt ingredients. A growing number of health-conscious consumers around the globe due to rising health wellness awareness is further expected to accelerate the market growth of the mineral salt ingredients.

Growing demand for dietary supplements especially among the geriatric population is anticipated to accelerate the demand for the mineral salt ingredient. Rapid urbanization and changing lifestyle of the consumer leading to various chronic diseases such as cardiovascular diseases, hypertension and stroke, and cancer is also projected to accelerate the market growth of the mineral salt ingredients over the forecast period.

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Mineral Salt Ingredients Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 10,108.0 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 5.0% 2028 Value Projection: US$ 13,545.69 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: U.K., Germany, France, Italy, Spain, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, ASEAN, South Korea, Australia, and Rest of Asia Pacific
  • Middle East & Africa: GGC, South Africa, Rest of MEA
Segments covered:
  • By Types: Micro Minerals, Macro Minerals
  • By Applications: Dairy products, Infant Formula, Functional Food, Cosmetics and Personal Care, Pharmaceuticals, Agriculture, Others
Companies covered:

Corbion, Minerals Technologies Inc., Compass Minerals International Inc., Albion Laboratories, Inc., Dr. Paul Lohmann GmbH KG, K+S AKTIENGESELLSCHAFT, Gadot Biochemical Industries Ltd., Arla Foods amba, DuPont, Jungbunzlauer Suisse AG, SEPPIC, and Koninklijke DSM N.V.

Growth Drivers:
  • Rapid growth in food industry
Restraints & Challenges:
  • Complex extraction process of mineral salt

Market Opportunities

The growing geriatric population around the globe is expected to fuel the demand for a dietary supplement that incorporates minerals salts ingredients. This is expected to create potential growth opportunities in the market over the forecast period. According to the World Health Organization, during 2015 and 2050, the proportion of the world's population over 60 years will nearly double from 12% to 22%. In 2050, 80% of older people will be living in low- and middle-income countries. Thus, a growing aged population will favor market growth.

Rising demand for cosmeceuticals that combine cosmetic and pharmaceutical with active ingredients is expected to augment the market growth of minerals salt ingredients. Cosmeceuticals are produced with various nutritional ingredients such as amino acids and fibers, vitamins, and minerals salt ingredients. Therefore, the growing consumption of cosmeceuticals among health conscious people is expected to augment the market growth over the forecast period.

Market Trends

Growing pharmaceutical and cosmetic applications of minerals salt ingredients are expected to be a major trend in the market. This trend is expected to fuel the market growth. Increasing consumption of food supplements coupled with growth in the food industry and growing demand for healthy food among consumers is projected to foster the market growth of the mineral salt ingredients over the forecast timeframe

Various manufacturers are focusing on offering products with better solubility, reactivity, flavors, and colors in salts. This is expected to accelerate market growth. Most minerals salts are tasteless or bitter in nature. Thus, increasing adoption of such initiatives for the manufacturer is expected to augment the market growth over the forecast period.

Figure 2. Global Mineral Salt Ingredients Market Share, By Type 2020

Mineral Salt Ingredients  | Coherent Market Insights

Key Takeaways of the Graph:

  • The Macro minerals type held dominant position in the market and accounted for 89.20% share in the global mineral salt ingredients market in 2020. The segment is expected to reach US$ 12508.09 million in 2028. Growing use of the mineral salt ingredients as supplements and in dairy products, agricultural industry and infant formula is expected to contribute massively to the mineral salt ingredients market.

Market Restraints

False claims and misleading information on the product by certain manufacturers and suppliers are creating a negative image and leading to mistrust. This factor is expected to restrict the market growth of minerals salt ingredients.

Extraction of minerals salt ingredients from organic sources such as vegetables, dairy, fruits, and meat & seafood is a little complex and time-consuming process. This factor is expected to hinder the market growth over the forecast period.

Competitive Section:

Company Names 

  1. Corbion
  2. Minerals Technologies Inc. 
  3. Compass Minerals International Inc.
  4. Albion Laboratories, Inc.
  5. Dr. Paul Lohmann GmbH KG 
  6. K+S AKTIENGESELLSCHAFT
  7. Gadot Biochemical Industries Ltd.
  8. Arla Foods amba 
  9. DuPont
  10. Jungbunzlauer Suisse AG
  11. SEPPIC
  12. Koninklijke DSM N.V.

Minerals are important natural elements that play important roles in all biochemical processes and regulation of all cell and chemical functions in the human body. The need for minerals is expected to increase at a fast rate in upcoming years because of the increase in vegetarianism and lifestyle. The intake of vitamins and minerals is necessary to avoid various health problems like cancer, cardiovascular diseases, and other such illnesses. So, people are now more aware of their diets can be made nutritionally balanced. Nowadays, it is also important to include minerals in our food as they have numerous benefits and they are very important for providing the nutritional needs of the human body. 

Market Dynamics:

Growing awareness regarding the health benefits of mineral salt and rapid growth in food industry is propelling growth of the mineral salt ingredients market. Government across developed and developing countries are encouraging food manufacturers to introduce mineral salt during the processing of food. For instance, in late 2020, the U.S. Food and Drug Administration issued final guidance, Use of an Alternate Name for Potassium Chloride in Food Labelingexternal icon, to allow food manufacturers to use the name “potassium salt” on food labels instead of “potassium chloride” to help people better understand that it is a salt substitute.

Key features of the study:

  • This report provides in-depth analysis of the mineral salt ingredients market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global mineral salt ingredients market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Corbion, Minerals Technologies Inc., Compass Minerals International Inc., Albion Laboratories, Inc., Dr. Paul Lohmann GmbH KG, K+S AKTIENGESELLSCHAFT, Gadot Biochemical Industries Ltd., Arla Foods amba, DuPont, Jungbunzlauer Suisse AG, SEPPIC, and Koninklijke DSM N.V.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global mineral salt ingredients market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global mineral salt ingredients market

Detailed Segmentation:

  • Global Mineral Salt Ingredients Market, By Type:
    • Micro Minerals
    • Macro Minerals
  • Global Mineral Salt Ingredients Market, By Application
    • Dairy products
    • Infant Formula
    • Functional Food
    • Cosmetics and Personal Care
    • Pharmaceuticals
    • Agriculture
    • Others
  • Global Mineral Salt Ingredients Market, By Region:
    • North America
      • By Type:
        • Micro Minerals
        • Macro Minerals
      • By Application
        • Dairy products
        • Infant Formula
        • Functional Food
        • Cosmetics and Personal Care
        • Pharmaceuticals
        • Agriculture
        • Others
    • Latin America
      • By Type:
        • Micro Minerals
        • Macro Minerals
      • By Application
        • Dairy products
        • Infant Formula
        • Functional Food
        • Cosmetics and Personal Care
        • Pharmaceuticals
        • Agriculture
        • Others
    • Europe
      • By Type:
        • Micro Minerals
        • Macro Minerals
      • By Application
        • Dairy products
        • Infant Formula
        • Functional Food
        • Cosmetics and Personal Care
        • Pharmaceuticals
        • Agriculture
        • Others
    • Asia Pacific
      • By Type:
        • Micro Minerals
        • Macro Minerals
      • By Application
        • Dairy products
        • Infant Formula
        • Functional Food
        • Cosmetics and Personal Care
        • Pharmaceuticals
        • Agriculture
        • Others
    • Middle East & Africa
      • By Type:
        • Micro Minerals
        • Macro Minerals
      • By Application
        • Dairy products
        • Infant Formula
        • Functional Food
        • Cosmetics and Personal Care
        • Pharmaceuticals
        • Agriculture
        • Others
  • Company Profiles
    • Corbion *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Minerals Technologies Inc.
    • Compass Minerals International Inc.
    • Albion Laboratories, Inc.
    • Paul Lohmann GmbH KG
    • K+S AKTIENGESELLSCHAFT
    • Gadot Biochemical Industries Ltd.
    • Arla Foods amba
    • DuPont
    • Jungbunzlauer Suisse AG
    • SEPPIC
    • Koninklijke DSM N.V.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
      • PORTER’s Five Forces Analysis
      • PEST Analysis
      • Key Developments
      • Market Attractiveness Analysis
  4. Global Mineral Salt Ingredients Market - Impact of Coronavirus (COVID-19) Pandemic
    • Overview
    • Factors Affecting Global Mineral Salt Ingredients Market – COVID-19
    • Impact Analysis
  5. Global Mineral Salt Ingredients Market, By Type, 2017- 2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019, 2022, and 2028 (%)
      • Y-o-Y Growth Analysis, 2021 - 2028
      • Segment Trends
    • Micro Minerals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
    • Macro Minerals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
  6. Global Mineral Salt Ingredients Market, By Application, 2017- 2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019, 2022, and 2028 (%)
      • Y-o-Y Growth Analysis, 2021 - 2028
      • Segment Trends
    • Dairy products
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
    • Infant Formula
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
    • Functional Food
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
    • Cosmetics and Personal Care
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
    • Pharmaceuticals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
    • Agriculture
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
  7. Global Mineral Salt Ingredients Market, By Region, 2017- 2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019, 2022, and 2028 (%)
      • Y-o-Y Growth Analysis, By Region, 2021 - 2028
    • North America
      • Market Size and Forecast, By Type, 2017- 2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017- 2028 (US$ Million)
    • Latin America
      • Market Size and Forecast, By Type, 2017- 2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017- 2028 (US$ Million)
    • Europe
      • Market Size and Forecast, By Type, 2017- 2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017- 2028 (US$ Million)
    • Asia Pacific
      • Market Size and Forecast, By Type, 2017- 2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017- 2028 (US$ Million)
    • Middle East & Africa
      • Market Size and Forecast, By Type, 2017- 2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017- 2028 (US$ Million)
  8. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Corbion
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Minerals Technologies Inc.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Compass Minerals International Inc.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Albion Laboratories, Inc
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Paul Lohmann GmbH KG
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • K+S AKTIENGESELLSCHAFT .
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Gadot Biochemical Industries Ltd.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Arla Foods amba
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • DuPont
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Jungbunzlauer Suisse AG.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • SEPPIC
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Koninklijke DSM N.V.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 25 market data tables* and 20 figures* on "Mineral Salt Ingredients Market” - Global forecast to 2028.

FAQgrowicon

Frequently Asked Questions

The global mineral salt ingredients market size is estimated to be valued at US$ 10,108.0 Million in 2021 and is expected to exhibit a CAGR of 5.0% between 2021 and 2028.
Increasing food industry and growing awareness regarding health benefits of mineral salts are the factors fuelling growth of market.
The Macro Minerals segment is the leading component segment in the market.
Complex extraction process of mineral salt is expected to hinder growth of the market.
Major players operating in the market include, Corbion, Minerals Technologies Inc., Compass Minerals International Inc., Albion Laboratories, Inc., Dr. Paul Lohmann GmbH KG, K+S AKTIENGESELLSCHAFT, Gadot Biochemical Industries Ltd., Arla Foods amba, DuPont, Jungbunzlauer Suisse AG, SEPPIC, and Koninklijke DSM N.V.
Asia Pacific region is expected to hold dominant position in the market over the forecast period. The growth of the market in the region is driven by growing demand for mineral salt ingredients in various countries of Asia Pacific.
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