Fortified Salts Market Estimate $11.45 Billion & CAGR 7.8% By 2032

Fortified Salts Market Size Worth $11.45 Billion By 2032 | CAGR: 7.8%


The global fortified salts market size is expected to reach USD 11.45 billion by 2032, according to a new study by Polaris Market Research. The report “Fortified Salts Market Share, Size, Trends, Industry Analysis Report, By Product (Iodine, Iron, Double Fortified); By Application; By Distribution Channel; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Fortified salts are used in the food industry and household cooking processes in place of standardized salts with a view to improving iodine and iron levels in the human body. Research findings showcased that double-fortified salts (DFS) (iodine and iron) and quadruple-fortified salts (iron, iodine, folate, and vitamin B12) are capable of increasing hemoglobin levels in the human body.

Furthermore, increasing research studies are revealing the benefits of fortified salts to consumers. For instance, a study published in Science Direct focused on finding the effectiveness of quadruple fortified salts in preventing anemia and birth defects in South Asia through a randomized controlled trial. It revealed that double-fortified salts enhanced the presence of iron among women of reproductive age and schoolchildren. The meta-analysis showcased the ability of DFS to boost hemoglobin levels and reduce the risk of anemia. These will further enhance the demand for DFS in the coming years.

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Iodine plays a crucial role in cognitive development among children, and the lower presence of iodine is one of the major factors leading to goiter. Furthermore, based on the article published by UNICEF, 89% of the global population consumes iodized salt. Iodine deficiency disorders can lead to stillbirth, miscarriage, and cretinism in pregnant women. These factors are encouraging households to adopt fortified salts in the food-making process. Moreover, based on the article published in the Food Safety and Standard Authority of India, the transformation of iodized salt in India resulted in saving 4 billion IQ points in the last two decades. These factors, together, are stimulating the demand for fortified salts during the study period.

Fortified Salts Market Report Highlights

  • Double fortified segment is anticipated to witness the highest growth in the coming years due to its ability to improve iron and iodine levels.
  • Hospitality & Service Industry segment accounted for the largest market share owing to the growing demand for healthy food.
  • The online stores segment is projected to experience a larger revenue share due to the increased availability of a wide range of brands in one place.
  • APAC is projected to register the largest growth rate in the study period owing to the rising health concerns associated with the lower levels of iron and iodine.
  • North America is expected to have the fastest growth owing to the prevalence of iodized salt use in the region.
  • The global players include Ahir Salt Industry, AkzoNobel, Ankur Salt, Cargill, Compass Minerals, Sambhar Salt, Schweizer Salinen, and Windsor Salt.

Polaris Market Research has segmented the fortified salts market report based on product, application, distribution channel and region:

Fortified Salts, Product Outlook (Revenue - USD Billion, 2019 - 2032)

  • lodine
  • Iron
  • Double fortified

Fortified Salts, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Hospitality & Service Industry
    • Hotels
    • Restaurants
  • Food Processing Industry
  • Household
  • Animal Feed

Fortified Salts, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)

  • Hypermarkets & supermarkets
  • Grocery stores
  • Online stores

Fortified Salts, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

Fortified Salts Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 6.26 billion

Revenue forecast in 2032

USD 11.45 billion

CAGR

7.8% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Product, By Application, By Distribution Channel, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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