Market Overview:
The global iodate salt market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for iodate salts from various applications, such as commercial and residential use. Iodate salts are used as an additive in food products and also as a disinfectant and sanitizer in water treatment plants. They are also used as a preservative in pharmaceuticals and cosmetics products. In addition, the growing awareness about the health benefits of iodine is another key factor driving the growth of this market. Based on type, potassium iodate salt held the largest share of the global iodate salt market in 2017. This can be attributed to its high stability and low reactivity towards other chemicals compared to other forms of iodine salts such as potassium iodide or sodium iodide salts.
Product Definition:
An iodate salt is composed of the elements iodine and oxygen, with the formula IO3. These salts are usually colorless or white solids that are soluble in water. Iodate salts have a variety of applications, most notably as food additives and disinfectants. In foods, they are used as antioxidants to inhibit the growth of harmful bacteria. In disinfectants, they work to kill microorganisms by releasing iodine gas.
Potassium Iodate Salt:
Potassium iodate is a salt which contains an ionic compound of iodine and potassium. It's produced by reacting iodine with sodium chloride, usually in the presence of calcium carbonate or barium carbonate as catalyst. The reaction takes place in two stages: first, iodide ions are formed as a result of reaction between Iodine and Sodium Chloride; second, these nascent iodides are absorbed by calcium carbonate or bariumcarbonates to form the final product.
Potassium Iodide Salt:
Potassium iodide is a salt that contains an iodide ion. It is used as an additive in iodic acid, which is used for the production of thyroid hormones. The product has found widespread usage in pharmaceutical applications such as treatment of goiter and hyperthyroidism and radio-iodine therapy for the treatment of cancer.
The market size was valued at USD 4,700 million in 2016.
Application Insights:
The global market is segmented by application into residential and commercial use. The residential sector accounted for the largest share in 2016, which can be attributed to growing demand for i-pulverizers in developing countries such as India, China and Brazil. In addition, the product has witnessed a surge in demand from individuals who are preparing food supplements at home owing to its medicinal properties.
The commercial sector also accounts for a significant share of the overall industry due to increasing usage of potassium iodoide salt as an ingredient in various industries including pharmaceuticals and cosmetics among others.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for over 40% of the global revenue share. The region is anticipated to continue its dominance over the forecast period owing to rising demand from residential as well as commercial applications. China, India, Japan, South Korea are some of the major consumers in this region due to high product demand from households coupled with industrial use.
The Middle East & Africa (MEA) is expected to be one of the fastest-growing regions during the forecast period owing to increasing product demand for agricultural usage along with a rise in investments by domestic manufacturers aimed at catering growing needs from residential and commercial sectors across countries such as Saudi Arabia and UAE. In addition, rising awareness regarding environmental protection is also expected favorably impact industry growth over coming years.
Growth Factors:
- Increasing demand from the food and beverage industry as a preservative
- Rising awareness about the health benefits of iodate salt among consumers
- Growing popularity of processed foods that contain iodate salt
- Proliferation of retail stores that sell iodate salt products
- Expansion of export markets for iodate salt
Scope Of The Report
Report Attributes
Report Details
Report Title
Iodate Salt Market Research Report
By Type
Potassium Iodate Salt, Potassium Iodide Salt, Other Iodide Salt
By Application
Commercial Use, Residential Use
By Companies
Salins Group, Morton Salt, Inc., Compass Minerals, Cargill, Nihonkaisui, China Salt
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Iodate Salt Market Report Segments:
The global Iodate Salt market is segmented on the basis of:
Types
Potassium Iodate Salt, Potassium Iodide Salt, Other Iodide Salt
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
Commercial Use, Residential Use
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:
- Salins Group
- Morton Salt, Inc.
- Compass Minerals
- Cargill
- Nihonkaisui
- China Salt
Highlights of The Iodate Salt 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:
- Potassium Iodate Salt
- Potassium Iodide Salt
- Other Iodide Salt
- By Application:
- Commercial Use
- Residential Use
- 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 Iodate Salt 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?
Iodate salt is a type of salt that has been iodized. Iodine is added to the salt so that people who are exposed to it through food or water will not become sick from radiation exposure.
Some of the major companies in the iodate salt market are Salins Group, Morton Salt, Inc., Compass Minerals, Cargill, Nihonkaisui, China Salt.
The iodate salt market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Iodate Salt Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Iodate Salt Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Iodate Salt Market - Supply Chain
4.5. Global Iodate Salt Market Forecast
4.5.1. Iodate Salt Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Iodate Salt Market Size (000 Units) and Y-o-Y Growth
4.5.3. Iodate Salt Market Absolute $ Opportunity
5. Global Iodate Salt Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Iodate Salt Market Size and Volume Forecast by Type
5.3.1. Potassium Iodate Salt
5.3.2. Potassium Iodide Salt
5.3.3. Other Iodide Salt
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Iodate Salt Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Iodate Salt Market Size and Volume Forecast by Application
6.3.1. Commercial Use
6.3.2. Residential Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Iodate Salt Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Iodate Salt Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Iodate Salt Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Iodate Salt Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Iodate Salt Demand Share Forecast, 2019-2026
9. North America Iodate Salt Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Iodate Salt Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Iodate Salt Market Size and Volume Forecast by Application
9.4.1. Commercial Use
9.4.2. Residential Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Iodate Salt Market Size and Volume Forecast by Type
9.7.1. Potassium Iodate Salt
9.7.2. Potassium Iodide Salt
9.7.3. Other Iodide Salt
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Iodate Salt Demand Share Forecast, 2019-2026
10. Latin America Iodate Salt Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Iodate Salt Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Iodate Salt Market Size and Volume Forecast by Application
10.4.1. Commercial Use
10.4.2. Residential Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Iodate Salt Market Size and Volume Forecast by Type
10.7.1. Potassium Iodate Salt
10.7.2. Potassium Iodide Salt
10.7.3. Other Iodide Salt
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Iodate Salt Demand Share Forecast, 2019-2026
11. Europe Iodate Salt Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Iodate Salt Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Iodate Salt Market Size and Volume Forecast by Application
11.4.1. Commercial Use
11.4.2. Residential Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Iodate Salt Market Size and Volume Forecast by Type
11.7.1. Potassium Iodate Salt
11.7.2. Potassium Iodide Salt
11.7.3. Other Iodide Salt
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Anlysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Iodate Salt Demand Share, 2019-2026
12. Asia Pacific Iodate Salt Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Iodate Salt Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Iodate Salt Market Size and Volume Forecast by Application
12.4.1. Commercial Use
12.4.2. Residential Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Iodate Salt Market Size and Volume Forecast by Type
12.7.1. Potassium Iodate Salt
12.7.2. Potassium Iodide Salt
12.7.3. Other Iodide Salt
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Iodate Salt Demand Share, 2019-2026
13. Middle East & Africa Iodate Salt Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Iodate Salt Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Iodate Salt Market Size and Volume Forecast by Application
13.4.1. Commercial Use
13.4.2. Residential Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Iodate Salt Market Size and Volume Forecast by Type
13.7.1. Potassium Iodate Salt
13.7.2. Potassium Iodide Salt
13.7.3. Other Iodide Salt
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Iodate Salt Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Iodate Salt Market: Market Share Analysis
14.2. Iodate Salt Distributors and Customers
14.3. Iodate Salt Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Salins Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Morton Salt, Inc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Compass Minerals
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Cargill
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nihonkaisui
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. China Salt
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook