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Mineral Salt Ingredients Market

Mineral Salt Ingredients Market Size, Share & Trends Analysis Report By Type (Micro Mineral And Macro Mineral) And Application (Dairy Products, Infant Formula, Functional Food, Cosmetics And Personal Care, Pharmaceuticals, Agriculture), By Region, And Segment Forecasts, 2024-2031

Report ID : 1537 | Published : 2024-01-31 | Pages: 180 | Format: PDF/EXCEL

The Global Mineral Salt Ingredients Market Size is valued at 11.31 billion in 2023 and is predicted to reach 19.26 billion by the year 2031 at 7.11% CAGR during the forecast period for 2024-2031.

Key Industry Insights & Findings from the report:

  • Salt and minerals are two common ingredients included in daily meals; they are usually found as minerals. Mineral salts are present in brines, mines, and seas, among other environments.
  • The increasing health and wellness consciousness is expected to drive industry growth.
  • Asia Pacific dominated the market and accounted for a revenue share of global revenue in 2023.
  • One of the significant concerns restraining industry growth is the price volatility of raw materials.

mineral salt

Ingredients such as minerals and salt are frequently employed in regular diets and typically exist in the form of minerals. Mineral salts can be found in seawater, mines, and brines, among other places. They can, however, also be taken out of dairy, meat, vegetables, fruits, flowers, and grains.

Some primary industries for minerals and salt ingredients are agriculture, food and beverage, and pharmaceuticals. Over the forecast period, it is also anticipated that rapid urbanization and consumer lifestyle changes that cause different chronic diseases, such as cancer, cardiovascular diseases, hypertension, and stroke, will accelerate the market expansion for mineral salt components. A significant trend in the market is anticipated to be the expanding use of mineral salt components in medicinal and cosmetic products. This pattern is anticipated to fuel market expansion.

Over the projection period, it is anticipated that rising dietary supplement use, expansion of the food sector, and rising consumer demand for healthy food will promote market growth for mineral salt components. However, the market encounters difficulties such as varying raw material prices, rivalry from other ingredient suppliers, and strict restrictions. 

Recent Developments:

  • In July 2021, Minerals Technologies Inc. bought Normerica Inc., a top North American supplier of high-end pet care products. On July 26, 2021, Minerals Technologies Inc. bought Normerica Inc., a North American supplier of high-end pet care products.
  • In 2020, AkzoNobel recently launched Suprasel, a new type of mineral salt with an excellent taste and reduced sodium levels.

Competitive Landscape:

Some of the major key players 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
  • Koninklijke DSM N.V. 

Market Segmentation:

The mineral salt ingredients market is segmented based on type and application. Based on type, the market is segmented as micro mineral and macro mineral. By application, the market is segmented into dairy products, infant formula, functional food, cosmetics and personal care, pharmaceuticals, agriculture and others.

Based on type, the macromineral segment is a major contributor to the Mineral Salt Ingredients Market

The macromineral salt element dominates the market. Several different mineral ions have seen strong demand in the market for mineral salt ingredients, including sodium, potassium, chloride, phosphorus, and magnesium. Two grams of sodium and five grams of magnesium salt per day provide a wealth of nutrients when consumed with food regularly. Sodium and magnesium are elements found in mineral salt. The daily recommended intake of these nutrients provides a summary of the mineral salt ingredient industry.

The functional food segment witnessed growth at a rapid rate

The functional food segment dominates the market for mineral salt ingredients. Functional food products are known to provide minerals for salt formation in humans and animals. Functional foods now contain more mineral ions due to the increased requirement for calcium in manufacturing. The consumer demand for food products that provide extra health advantages beyond basic nutrition is driving the rapid growth of the functional food sector. As a result, the need for mineral salt components in functional food products has surged. The functional food segment's market expansion is driven by the health benefits of mineral salts like potassium, magnesium, and calcium, which include maintaining strong bones, normal blood pressure, and cardiovascular health. The market expansion for mineral salt components in the functional food sector is also driven by the rising demand for fortified foods, which have added minerals and vitamins to improve their nutritional profile.

The Asia Pacific, mineral salt ingredients market holds a significant regional revenue share

The Asia Pacific mineral salt ingredients market, is expected to register the highest market share in revenue shortly. This region has a larger consumer base in terms of the food business. Foods containing mineral salt have increased in the Asia Pacific region. People's knowledge of the importance of health is expanding quickly. The market for mineral salt ingredients has shown tremendous expansion due to the desire for wholesome cuisine. The countries with the biggest mineral salt ingredient product consumption are India and the Netherlands. This product also offers various flavors in the agriculture sector to draw customers.

An increase in the number of persons suffering from ailments related to a lack of minerals, such as goiter and anemia, leads to a rise in the demand for pharmaceutical products. Besides, the North American region is anticipated to expand throughout the projection period. It includes the largest market for the agriculture sector, which gives rise to goods with mineral salt as an ingredient. Sales of items containing mineral salt ingredients have increased due to the increasing demand for soil-enriching materials. The market is expanding due to the massive use of agricultural products such as plain salt blocks, stock salt, feed mix salt, etc.

Mineral Salt Ingredients Market Report Scope:

Report Attribute

Specifications

Market size value in 2023

USD 11.31 billion

Revenue forecast in 2031

USD 19.26 billion

Growth rate CAGR

CAGR of 7.11% from 2024 to 2031

Quantitative units

Representation of revenue in US$ Million, and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments covered

Product Type, and Application

Regional scope

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

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia

Competitive Landscape

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.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

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Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Mineral Salt Ingredients Market Snapshot

Chapter 4. Global Mineral Salt Ingredients Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type:

5.2.1. Micro Minerals
5.2.2. Macro Minerals

Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis
6.1. by Application & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:

6.2.1. Dairy products
6.2.2. Infant Formula
6.2.3. Functional Food
6.2.4. Cosmetics and Personal Care
6.2.5. Pharmaceuticals
6.2.6. Agriculture
6.2.7. Others

Chapter 7. Mineral Salt Ingredients Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Mineral Salt Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
7.1.2. North America Mineral Salt Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.1.3. North America Mineral Salt Ingredients Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.2. Europe

7.2.1. Europe Mineral Salt Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
7.2.2. Europe Mineral Salt Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.2.3. Europe Mineral Salt Ingredients Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.3. Asia Pacific

7.3.1. Asia Pacific Mineral Salt Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
7.3.2. Asia Pacific Mineral Salt Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.3.3. Asia Pacific Mineral Salt Ingredients Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.4. Latin America

7.4.1. Latin America Mineral Salt Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
7.4.2. Latin America Mineral Salt Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.4.3. Latin America Mineral Salt Ingredients Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.5. Middle East & Africa

7.5.1. Middle East & Africa Mineral Salt Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
7.5.2. Middle East & Africa Mineral Salt Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.5.3. Middle East & Africa Mineral Salt Ingredients Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles


8.2.1. Corbion, Minerals Technologies Inc.
8.2.2. Compass Minerals International Inc.
8.2.3. Albion Laboratories, Inc.,
8.2.4. Dr. Paul Lohmann GmbH KG
8.2.5. K+S AKTIENGESELLSCHAFT
8.2.6. Gadot Biochemical Industries Ltd.
8.2.7. Arla Foods amba
8.2.8. DuPont
8.2.9. Jungbunzlauer Suisse AG
8.2.10. SEPPIC
8.2.11. Koninklijke DSM N.V.
8.2.12. Other Prominent Players

Segmentation of Mineral Salt Ingredients Market-

Mineral Salt Ingredients Market By Type-

  • Micro Minerals
  • Macro Minerals

Mineral Salt Ingredients Market

Mineral Salt Ingredients Market By Application-

  • Dairy products
  • Infant Formula
  • Functional Food
  • Cosmetics and Personal Care
  • Pharmaceuticals
  • Agriculture
  • Others

Mineral Salt Ingredients Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Mineral Salt Ingredients Market?

Mineral Salt Ingredients Market expected to grow at 7.11% CAGR during the forecast period for 2024-2031

Corbion, Minerals Technologies Inc., Compass Minerals International Inc., Albion Laboratories, Inc., Dr. Paul Lohmann GmbH KG, K+S AKTIENGESELLSCHAFT,

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