Mineral Salt Ingredient Market, By Type (Micro Minerals and Macro Minerals), By Applications (Dairy Products, Infant Formula, Functional Food, Cosmetics and Personal Care, Pharmaceuticals, Agriculture, and Others), And By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Published In : Jul 2023

Code : CMI4663

Pages :110

Formats :

Excel and PDF

Industry : Food Ingredients

Market Challenges And Opportunities

Global Mineral Salt Ingredient Market: Restraints

Complex Process of Extracting Mineral Salt

False claims and misleading information on the product by certain manufacturers and suppliers creates a negative image and leads to mistrust among consumers, and this is expected to restrict the market growth. Extraction of minerals salt ingredients from organic sources such as vegetables, dairy, fruits, and meat & seafood is a little complex and time-consuming process. This factor is expected to hinder the market growth over the forecast period.

Global Mineral Salt Ingredient Market: Opportunity

Increasing Geriatric Population

Growing geriatric population around the globe is expected to boost demand for dietary supplement that incorporates minerals salts ingredients. This is expected to offer potential growth opportunities in the market over the forecast period. According to the World Health Organization, during 2015 and 2050, the proportion of the world's population over 60 years will nearly double from 12% to 22%. In 2050, 80% of older people will be living in low- and middle-income countries.

Increasing Demand for Cosmeceuticals

Rising demand for cosmeceuticals that combine cosmetic and pharmaceutical with active ingredients is expected to drive the market growth. Cosmeceuticals are produced with various nutritional ingredients such as amino acids and fibers, vitamins, and minerals salt ingredients. Therefore, growing consumption of cosmeceuticals among health conscious people is expected to drive the market growth over the forecast period.