The minerals salt ingredients are crystalline in nature and occur naturally. They contain a high nutritional value which is important for the overall development of the body. Minerals' salt ingredients can be classified into sodium, chloride, phosphorus, calcium, potassium, and magnesium. Dairy products, functional food, infant formula, cosmetics, and personal care, agriculture, and pharmaceuticals are some of the major applications of mineral salt ingredients.
The global mineral salt ingredients market is expected to surpass US$ 13,545.69 Mn in terms of value by the end of 2028.
Growing demand for vitamin and mineral-rich food ingredients across health-conscious consumers coupled with the growing awareness regarding weight management is expected to augment the market growth. Rising awareness regarding the health benefits of minerals salts such as anti-oxidants and anti-aging properties is also projected to accelerate the market growth of the minerals salt ingredients. Growing initiatives by the government in the form of campaigns and other education programs to encourage people to increase the intake of minerals salts is again expected to foster market growth.
Increasing demand for organic minerals over inorganic minerals due to growing awareness regarding the health benefits of organic products is expected to serve major growth opportunities over the forecast period. Organic minerals are extracted from natural sources such as fruit, milk, and vegetable, and these minerals breakdown very slowly in the body and offer various nutritional benefits. Moreover, the growing demand for organic salt minerals is expected to serve immense opportunities to the manufacturer of minerals salt ingredients market.
Global Mineral Salt Ingredients Market: Recent Developments
Consumption of dietary food that incorporates minerals salt produced from industrial chemicals may pose some side-effects that are expected to hamper the market growth. Moreover, chemical mineral salts ingredients do not possess the same anti-oxidants properties as natural one which is further expected to restrict the market growth.
Global Mineral Salt Ingredients Market - Impact of Coronavirus (Covid-19) Pandemic
The Covid-19 outbreak has had an adverse impact on various industries around the globe. Due to the strict rules and regulations undertaken by government to curb the spread of the infection, companies are looking to function remotely. Moreover, various companies are looking to implement strict measures to operate at minimum risks. Additionally, various companies had shutdowns their manufacturing units which had an adverse impact on mineral salt ingredients market. Moreover, the lack of laborers has bring mining and extraction activities to a halt.
The rising trend of traditional medicine due to growing awareness regarding the side-effects associated with the consuming modern chemical medicine is expected to propel the market growth. Moreover, growing awareness regarding the nutritional benefits of traditional medicine among consumers is another major expected to propel the market growth of the mineral salt ingredients over the forecast period.
Increasing production capacity of mineral salt ingredients by the manufacturer in order to meet the rising need for salt is expected to foster market growth. For instance, in February 2020, Wilkinson Minerals extracts brine to make salt products, and the company is planning to construct a new facility in the northeast part of Bay City. Thus, the growing focus of the manufacturer to increase the production capacity of the salt is projected to favor market growth.
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