by chloride are used as substitutes for table salt, offering health benefits such as reducing blood pressure and calories. These ingredients find wide applications in food processing, agriculture, cosmetics, and pharmaceuticals.
The global Mineral Salt Ingredients Market is estimated to be valued at US$ 10.56 billion in 2023 and is expected to exhibit a CAGR of 4.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Consumers are increasingly preferring food products with less sodium and more potassium and magnesium contents due to the associated health benefits. This is prompting food processors to develop new food formulations using mineral salt ingredients. Rising awareness about the health implications of high sodium intake through online and social media campaigns is further fueling the shift towards use of mineral salts as sodium substitutes. Growing consumer preference for clean label and natural products is expected to boost the growth of the mineral salt ingredients market during the forecast period.
Segment Analysis
The global Mineral Salt Ingredients market is dominated by the sodium chloride sub-segment. Sodium chloride holds the largest market share owing to its widespread uses in food and beverage industry for flavor enhancement. It is used in processed foods, canned meats, packaged snacks etc. Other major mineral salt ingredients include calcium chloride, potassium chloride and magnesium chloride.
Key Takeaways
The Global Mineral Salt Ingredients Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The market size is projected to reach US$ 10.56 Bn by 2023.
Regional analysis: The Asia Pacific region is expected to be the fastest growing as well as dominating regional market for Mineral Salt Ingredients. Growth in food processing industry especially in countries like China, India and other Southeast Asian countries is boosting demand for mineral salt ingredients in the region. Growing health-conscious population is also favoring use of mineral salts as nutritional ingredients in the region.
Key players: Key players operating in the Mineral Salt Ingredients market are Morgan Advanced Materials (UK), Mersen (France), TOYO TANSO (Japan), SGL Group (Germany), NAC Carbon Products, Inc. (USA), Graphite India Limited (India), Superior Graphite (USA), Qingdao Tennry Carbon Co., Ltd. (China), Zircar Ceramics (USA) & Schunk Group (Germany).
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
