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Fortified Salts Market Insights, Growth Promoters and Industry Forecast Report by 2024

Author : Rahul Sankrityayan | Published Date : 2019-09-26 

Global Market Insights, Inc. has announced the launch of Fortified Salts Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

According to WHO, deficiency of iodine not only arrests the intellectual growth of the fetus, but also affects overall female health, leading to diminished life quality for women. Pertaining to the aforementioned factor, it has become essential to fortify regular salt with iodine, to increase the percentage of iodine consumption globally, which will most certainly leverage the expansion of fortified salts industry.

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International Organizations such as UNICEF, World Bank, and the International Council for the control of iodine deficiency disorders have promoted fortification of salt with iodine in regions prevalent with goiter, which may gradually propel fortified salts market revenue. As per reliable reports, iodization of salt is cost-effective and feasible. Besides, it has been proved to be highly effective in curbing endemic goiter as well as other ailments caused as a result of iodine deficiency.

Subject to these benefits, fortified salts market may observe an appreciable expansion in the years ahead. Another contributing factor toward the industry growth is WHO’s statement that diseases caused due to iodine deficiency had been greatly reduced through salt fortification - a major achievement in the public health nutrition sector since past 30 years.

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Assorted studies have revealed the coexistence of iron as well as iodine deficiencies in countries such as India, which has led to a rise in ailments such as goiter and anemia. A recent news that made it to the headlines reveals that the Government of India has asked the state governments to mandate the usage of double fortified salt with iron and iodine, fortified wheat, and edible oil in the mid-day meal of school children, a step which may generate bright growth prospects for fortified salts industry across the country.

According to National Health Profile estimates in 2015, approximately 70% of Jharkhand’s female population falling in the age group of 16-49 years were affected from anemia and a large proportion of the child population in the state was found to be suffering from the sickle cell anemia disorder. In the light of this scenario, in December 2016, the Jharkhand government had offered double fortified salts to the state’s population at reduced costs to check the growth of anemia and thyroid in the state. The experimental provision, if deemed successful, will boost fortified salts industry size across the region.

Europe had declared its objective to curb iodine deficiency at World Health Assembly in 1992, however, many countries across the region have still not mandated the usage of fortified salt. Global estimates from the year 2003 proclaim that the population of nearly fifty-four nations still consume food with low iodine content, which may prove to be a major hindrance to the expansion of fortified salts industry over the years ahead.

Nonetheless, major corporations such as AkzoNobel N.V., Sambhar Salt, Cargill, and Tata Chemicals Limited, operating in fortified salts market have been undertaking incessant efforts to increase their product penetration and expand their supply chain network across major geographies.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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