About Iodate Salt
Iodate salt is table salt mixed with a minute amount of various salts of the element iodine. Iodised salt consumption is the best and most cost-effective method of prevention of Iodine deficiency disorders. The most common dietary sources of iodine are seaweed, fish and dairy products. Not getting enough iodine in the diet can lead to problems such as an enlarged thyroid gland (goiter) and an abnormally low level of thyroid hormones (hypothyroidism), due to this the demand of iodized salt is increased.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Iodate Salt market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Salins Group (France), Morton Salt, Inc.(United States), Compass Minerals (United States), Cargill (United States), Nihonkaisui (Japan), China Salt (China), Dampier Salt (Australia), Tata Chemicals Limited (India) and British Salt Company (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Iodate Salt market by Type (Potassium Iodate Salt and Potassium Iodide Salt), Application (Food, Chemical, Industrial and Medical) and Region.
On the basis of geography, the market of Iodate Salt has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Supermarket/Hypermarket will boost the Iodate Salt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Consumption of Healthy Diet Food among Consumer Globally
Market Growth Drivers:
Rising Adoption of Seaweed, Fish and Dairy Products and Growing Iodine Deficiency Disease such as an Enlarged Thyroid Gland and an Abnormally Low Level of Thyroid Hormones
Challenges:
Availability of Other Substitutes and Iodised Products
Restraints:
High Cost of Iodate Salt and Low Availability of Iodized Soil
Opportunities:
Growing Number of the Population in United States with Thyroid Dieses and Rising Demand Iodate Salt from Pregnant Women and Nursing Mothers Worldwide
The US Food and Drug Administration (FDA) regulates the addition of iodine to infant formulas, the iodization of salt, and the addition of salt and iodine to foods. The required amount of iodine in infant formulas is based on caloric content, and the label must provide the iodine content per 100 kcal. Cuprous iodide and potassium iodide may be added to table salt as a source of dietary iodine at a maximum amount of 0.01%; if added, the label must indicate that the salt is iodized.
Key Target Audience
Iodate Salt Manufacturer, Iodate Salt Supplier/Distributer, Iodate Salt Wholesaler and Government Bodies and Research Organisation
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.