Market Overview:
The global food grade iron powder market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for food grade iron powder from the food & beverages, animal feed, agriculture, and other applications. Elemental iron is the most commonly used type of food grade iron powder and is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. Asia Pacific is expected to be the fastest-growing region in terms of revenue during the forecast period owing to high demand for food grade iron powder from countries such as China and India.
Product Definition:
Iron is an essential mineral that the body needs to function properly. It is found in many foods, including red meat, poultry, fish, leafy green vegetables and fortified cereals. The body uses iron to make hemoglobin and myoglobin which are proteins that carry oxygen in the blood and muscles respectively. Iron deficiency can cause anemia (a condition marked by a low red blood cell count), fatigue and other health problems.
Food grade iron powder is used as a dietary supplement to help prevent or treat iron deficiency anemia.
Elemental Iron:
elemental iron is also known as ferrous iron or haematite. It is a mineral form of pure metal Iron (Fe). Haematite contains carbon and hydrogen in the same ratio as in blood. Hence it has been traditionally used to treat bleeding disorders and anemia.
It can be produced artificially by reducing carbon dioxide with water, but this process is expensive owing to the requirement of high temperature and pressure for reduction to take place.
Iron Compounds:
Iron compounds are the most common type of iron powder used in food grade. It is a mixture of iron oxide and ferric chloride. The product has high demand as it can be easily absorbed by the body compared to other forms such as ferrous sulfate or heme-iron which have limited absorption ability.
The compound is widely used in processed meat, dried fish, poultry products, canned goods and others owing to its high content of binding agents that help in retaining moisture.
Application Insights:
The others application segment accounted for the largest revenue share of over 30% in 2017. The demand is expected to be driven by the growing use in water treatment, air conditioning, and coal washing applications. In addition, increasing preference for agricultural chemicals owing to its ability to stimulate plant growth is projected to fuel product demand over the forecast period.
Food & beverage was the leading application segment accounting for a market share of more than 60% in 2017 on account of rising awareness regarding health benefits among consumers globally. Growing population coupled with increasing disposable income levels will drive this industry at a significant rate over the coming years. Increasing consumption of iron fortified food products such as breakfast cereals and breads along with other foods such as chocolate bars and cookies is anticipated to further propel market growth during 2018-2030 period.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and accounted for a revenue share of over 35.0% owing to high product demand from various end-use industries, such as food & beverages, animal feed and agriculture. The region is expected to witness significant growth in terms of revenue during the forecast period on account of increasing population coupled with rising disposable income levels among consumers.
The growing meat consumption in China has resulted in an increased demand for iron powder as it is used as a nutritional supplement for cattle feed production. Furthermore, India's expanding food processing industry will drive the product demand further due to its wide range of applications including dietary supplements and functional foods & beverages.
North America held a substantial share owing to high consumer awareness regarding health benefits associated with iron-fortified products along with their rising adoption across infant formula brands especially in U.S., Canada and Mexico are anticipated to augment market growth over the forecast period 2016 - 2030 (USD Million).
Growth Factors:
- Increasing demand from end-use industries such as automotive, aerospace, and construction
- Growing popularity of iron powder in various applications such as coatings, pigments, and composites
- Rising investments by key players in research and development to develop new products
- Proliferation of nanotechnology that is expected to create new opportunities for the market growth
- Stringent government regulations for environmental protection
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Grade Iron Powder Market Research Report
By Type
Elemental Iron, Iron Compounds
By Application
Food & Beverages, Animal Feed, Agriculture, Others
By Companies
BASF, Yara, Nutrien, Compass Minerals, Höganäs, DowDuPont, AkzoNobel, Spectrum Chemical, Ashland, IMP, BASF, Belmont Metals, Salvi Chemical, Precheza, Rio Tinto Metal Powders, Cathay Industries, Yuean Metal
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Food Grade Iron Powder Market Report Segments:
The global Food Grade Iron Powder market is segmented on the basis of:
Types
Elemental Iron, Iron Compounds
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverages, Animal Feed, Agriculture, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Yara
- Nutrien
- Compass Minerals
- Höganäs
- DowDuPont
- AkzoNobel
- Spectrum Chemical
- Ashland
- IMP
- BASF
- Belmont Metals
- Salvi Chemical
- Precheza
- Rio Tinto Metal Powders
- Cathay Industries
- Yuean Metal
Highlights of The Food Grade Iron Powder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Elemental Iron
- Iron Compounds
- By Application:
- Food & Beverages
- Animal Feed
- Agriculture
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Food Grade Iron Powder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Food grade iron powder is a finely ground form of iron that is used as an additive in food products. It is made from recycled materials and has a low level of impurities, making it ideal for use in foods.
Some of the major players in the food grade iron powder market are BASF, Yara, Nutrien, Compass Minerals, H¶gan¤s, DowDuPont, AkzoNobel, Spectrum Chemical, Ashland, IMP, BASF, Belmont Metals, Salvi Chemical, Precheza, Rio Tinto Metal Powders, Cathay Industries, Yuean Metal.
The food grade iron powder market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Food Grade Iron Powder Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Food Grade Iron Powder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Food Grade Iron Powder Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Food Grade Iron Powder Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Food Grade Iron Powder Market Size & Forecast, 2020-2028
4.5.1 Food Grade Iron Powder Market Size and Y-o-Y Growth
4.5.2 Food Grade Iron Powder Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Elemental Iron
5.2.2 Iron Compounds
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food & Beverages
6.2.2 Animal Feed
6.2.3 Agriculture
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Food Grade Iron Powder Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Food Grade Iron Powder Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Elemental Iron
9.6.2 Iron Compounds
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food & Beverages
9.10.2 Animal Feed
9.10.3 Agriculture
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Elemental Iron
10.6.2 Iron Compounds
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food & Beverages
10.10.2 Animal Feed
10.10.3 Agriculture
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Elemental Iron
11.6.2 Iron Compounds
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food & Beverages
11.10.2 Animal Feed
11.10.3 Agriculture
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Elemental Iron
12.6.2 Iron Compounds
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food & Beverages
12.10.2 Animal Feed
12.10.3 Agriculture
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Elemental Iron
13.6.2 Iron Compounds
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food & Beverages
13.10.2 Animal Feed
13.10.3 Agriculture
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Food Grade Iron Powder Market: Competitive Dashboard
14.2 Global Food Grade Iron Powder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Yara
14.3.3 Nutrien
14.3.4 Compass Minerals
14.3.5 Höganäs
14.3.6 DowDuPont
14.3.7 AkzoNobel
14.3.8 Spectrum Chemical
14.3.9 Ashland
14.3.10 IMP
14.3.11 BASF
14.3.12 Belmont Metals
14.3.13 Salvi Chemical
14.3.14 Precheza
14.3.15 Rio Tinto Metal Powders
14.3.16 Cathay Industries
14.3.17 Yuean Metal
