Mineral salt ingredients are extensively used in personal care products such as bath and shower products, hair care products, skin care creams owing to their hydrating, exfoliating and cleansing properties. Mineral salts help maintain moisture balance and protect the skin against damage caused by environmental stressors.
The global Mineral Salt Ingredients Market is estimated to be valued at US$ 10.56 Bn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
The growth of the mineral salt ingredients market is majorly driven by the expanding application of mineral salts in the personal care industry. Mineral salts find widespread application in personal care products such as bath and shower gels, face masks, shampoos, and moisturizing creams owing to their hydrating and cleansing properties. Dead sea salt and Epsom salt are commonly used mineral ingredients in various personal care products due to their ability to gently exfoliate and cleanse the skin. The rising demand for naturally derived and multifunctional ingredients from personal care product manufacturers is expected to support the market growth over the forecast period.
Segment Analysis
The global mineral salt ingredients market is segmented by type into minerals and mineral salts. Among these, the minerals sub-segment dominates the market and accounts for the largest share. Minerals play an important role in different end-use industries such as food and beverages, pharmaceuticals, etc. They are an essential source of various micronutrients that help maintain the proper functioning of the human body. Some key minerals include calcium, potassium, sodium, phosphorus, and magnesium which see widespread application across industries. This high demand for minerals from different sectors has been aiding the growth of this sub-segment.
Key Takeaways
The Global Mineral Salt Ingredients Market Size is estimated to be valued at US$ 10.56 billion in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023-2030.
Regional analysis
Asia Pacific region dominates the global mineral salt ingredients market and is expected to witness the fastest growth over the forecast period. Factors such as increasing demand from the food and beverages industry accompanied by rising health-consciousness among consumers are supporting market growth in this region. Additionally, the presence of developing economies such as China and India offering production and consumption potential is further propelling the market.
Key players
Key players operating 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, and Koninklijke DSM N.V. Corbion dominates the global market and is focused on enhancing its product portfolio to meet evolving end-user demands.
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Normally, minerals salt ingredients occur as chemical compounds which are abiogenic and crystalline in origin.
Although meat, plants, flowers, dairy products, oil, fruits, and grains are considered key sources for mineral salt ingredients of organic type but the essential sources of mineral salt ingredients are the mines and sea water.
Also, most widely in certain industries including food & beverages, pharmaceuticals and agriculture, these mineral salt ingredients are used.The factors driving the market demand for mineral salt ingredients globally include mineral salt ingredients deficiency that leads to various health problems, expanding incidences of chronic diseases, escalating demand in personal care, food & beverages and cosmetic industry for mineral salts, and rising awareness associated with nutrient as well as mineral salt ingredients rich food.
These type of ingredients have several medical properties and also acts as an anti-aging formula which in turn boosts the revenue growth for market of mineral salt ingredients globally.
The market demand for the macro type mineral salt ingredients is high as they are needed in huge quantities for performing metabolic activities and in various personal care and cosmetics which are impeding the market growth too.
the global mineral salt ingredients market is expected to expand at a steady rate and is estimated to reach a market valuation of more than US$ 12 Bn by the end of the year of assessment (2026).Request For Report Sample: https://www.researchreportinsights.com/report/sample/110114707/Mineral-Salt-Ingredients-MarketGrowing urbanization, changing lifestyle and fast product offerings advancements are certain factors which are also globally fueling the market growth for mineral salt ingredients in the coming years.
