Published Date : May 28, 2018
Albany, New York, May 28, 2018: According to a recent market research report added to MarketResearchReports.biz, the global market for food grade iron powder will exhibit a healthy 5.9% CAGR over the period between 2018 and 2026. The report, titled “Food Grade Iron Powder Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026,” analyses the market in great details and presents a detailed forecast for the future state of the market over the period between 2018 and 2026.
The vast set of applications of food grade iron powder across a number of products such as nutritional and dietary supplements, infant food products, dairy products, animal feeds, and products required for crop protection in the agriculture industry make it a popular additive. Over the forecast period, the market is expected to benefit from the rising demand for food grade iron powder across end-use industries as the demand for products capable of curbing micronutrient deficiency in animals, plants, and humans has increased.
The report segments the market on the basis of criteria such as end-use, type, and geography. Based on type, the market has been covered for iron compounds and elemental iron. Of these, the segment of iron compounds, comprising varieties such as ferrous sulfate, ferrous fumarate, and ferrous gluconate is expected to remain the most profitable in 2018.
Based on end use, the market has been segmented into animal feed, food and beverages, and agriculture. Of these, the segment of food and beverages is expected to account for a massive share of nearly 38% in 2018 and is likely to retain its dominance over the report’s forecast period as well.
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From a geographical perspective, the market in Asia Pacific is expected to exhibit a CAGR of 7.2% over the report’s forecast period. High prevalence of iron deficiency in countries across the region as well as across Middle East and Africa, rising consumption of junk food, and a lack of nutritional diets across a large segment of the society owing to low disposable incomes are the key factors that can drive the market for food grade iron powder in these regions.
The report studies the competitive landscape of the global food grade iron powder market by performing a SWOT reports of the key vendors in the market. Along with the SWOT reports, the report also covers details such as key facts about the businesses, an overview of business strategies, and recent developments. The competitive reports of the market includes vendor reports based on their product portfolios, key developments in the near past, and mergers and acquisitions.
Detailed profiles of the vendors such as Yara International Ltd., BASF SE, Syngenta International AG, Höganäs AB, Spectrum Chemical Manufacturing Corp, AkzoNobel N.V, Industrial Metal Powders (I) Pvt. Ltd., Compass Minerals International Inc., Salvi Chemical Industries Ltd., Rio Tinto Metal Powders, Bayer AG, DowDuPont Inc., Agrium Inc., Ashland Global Holdings Inc., Cathay Industries Australasia Pty Ltd., Belmont Metals Inc., Jiangxi Yuean Superfine Metal Co. Ltd., American Elements, and Micnelf USA Inc. are included in the report.
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