Iodized Salt Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Iodized salt is salt that contains small amounts of sodium iodide or potassium iodide. It's normal salt that has been sprayed with potassium iodate. It looks and tastes the same. The majority of table salt used nowadays is iodized. Iodized salt is essential for the health. Iodine is a trace mineral common in dairy products, seafood, grains, and eggs. People combine iodine with table salt to reduce iodine deficiency. There are many other health benefits to using iodized salt in the diet, as well.

MARKET SCOPE

The "Global Iodized Salt Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the iodized salt market with detailed market segmentation by type, distribution channel, and geography. The report provides key statistics on the market status of the leading iodized salt market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on type, the global iodized salt market is segmented into refined and unrefined.
  
•   Based on distribution channel, the global iodized salt market is segmented into supermarkets and hypermarkets, convenience stores, online retail, others.
  

MARKET DYNAMICS

Drivers:

•   Increasing demand in food & beverage and food service industries.
  
•   They are widely used in food pickling and canning applications as a preservative to increase their shelf-life.
  

Restraints:

•   High cost involved during its harvesting followed by processing, packaging, labeling and marketing.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The iodized salt market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the iodized salt market in these regions.

IMPACT OF COVID-19ON IODIZED SALT MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The food and beverages industry are one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.

MARKET PLAYERS

The report covers key developments in the iodized salt market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from iodized salt market are anticipated to witness lucrative growth opportunities in the future with the rising demand for iodized salt in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the iodized salt market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Akzo Nobel
  
•   Cargill
  
•   North American Salt Company
  
•   Morton Salt
  
•   Compass Minerals International
  
•   Dampier Salt
  
•   Tata Chemicals Limited
  
•   British Salt Company
  
•   Pyramid Salt Pty. Ltd,
  
•   Maldon Crystal Salt Co.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Iodized Salt Report Scope