The global Mineral Salt Ingredients Market is estimated to be valued at US$ 10.56 Bn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Mineral salt ingredients contains essential minerals like sodium, calcium, magnesium and potassium. They are widely used as functional ingredients in food applications for their health benefits, ability to enhance flavors and preserve food quality.
Market key trends:
One of the key trends in the mineral salt ingredients market is the increasing demand for clean label and natural ingredients. Consumers are increasingly preferring food products with simple and recognizable ingredients. As a result, manufacturers are focusing on developing mineral salt ingredients from natural sources without any artificial additives. Another major trend is the multifunctional nature of mineral salt ingredients. Players are developing mineral salt ingredients that can deliver multiple benefits like improving texture, shelf-life and acting as preservatives, in addition to just taste enhancement. This is increasing their demand across various food applications.
Segment Analysis
The global mineral salt ingredients market is segmented by type and application. Based on type, the concentrated/powdered form segment dominates the market. The powdered/concentrated format provides enhanced handling, transport, and stability benefits for mineral salt ingredients compared to the liquid form.
Key Takeaways
The global Mineral Salt Ingredients Market Size is expected to witness high growth, exhibiting CAGR of 5.2% over the forecast period, due to increasing demand from the food and beverage industry.
Regional analysis
Asia Pacific dominates the mineral salt ingredients market and is expected to grow at the fastest rate during the forecast period. Growing population, increasing disposable income, and rising health-consciousness are driving the demand for mineral salt ingredients in food and beverage products in the region.
Key players
Key players operating in the mineral salt ingredients market are Corbion, 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, and Koninklijke DSM N.V.
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Normally, minerals salt ingredients occur as chemical compounds which are abiogenic and crystalline in origin.
Although meat, plants, flowers, dairy products, oil, fruits, and grains are considered key sources for mineral salt ingredients of organic type but the essential sources of mineral salt ingredients are the mines and sea water.
Also, most widely in certain industries including food & beverages, pharmaceuticals and agriculture, these mineral salt ingredients are used.The factors driving the market demand for mineral salt ingredients globally include mineral salt ingredients deficiency that leads to various health problems, expanding incidences of chronic diseases, escalating demand in personal care, food & beverages and cosmetic industry for mineral salts, and rising awareness associated with nutrient as well as mineral salt ingredients rich food.
These type of ingredients have several medical properties and also acts as an anti-aging formula which in turn boosts the revenue growth for market of mineral salt ingredients globally.
The market demand for the macro type mineral salt ingredients is high as they are needed in huge quantities for performing metabolic activities and in various personal care and cosmetics which are impeding the market growth too.
the global mineral salt ingredients market is expected to expand at a steady rate and is estimated to reach a market valuation of more than US$ 12 Bn by the end of the year of assessment (2026).Request For Report Sample: https://www.researchreportinsights.com/report/sample/110114707/Mineral-Salt-Ingredients-MarketGrowing urbanization, changing lifestyle and fast product offerings advancements are certain factors which are also globally fueling the market growth for mineral salt ingredients in the coming years.
