Production of Iodized Table Salt. Manufacturing Opportunities in Iodised Salt.

Production of Iodized Table Salt. Manufacturing Opportunities in Iodised Salt.

Iodised salt (also spelled iodized salt) is table salt mixed with a minute amount of various salts of the element iodine. The ingestion of iodine prevents iodine deficiency. Worldwide, iodine deficiency affects about two billion people and is the leading preventable cause of intellectual and developmental disabilities. Deficiency also causes thyroid gland problems, including endemic goiter. In many countries, iodine deficiency is a major public health problem that can be cheaply addressed by purposely adding small amounts of iodine to the sodium chloride salt.

Iodine is a micronutrient and dietary mineral that is naturally present in the food supply in some regions, especially near sea coasts, but is generally quite rare in the Earth's crust, since iodine is a so-called heavy element and abundance of chemical elements generally declines with greater atomic mass. Where natural levels of iodine in the soil are low and the iodine is not taken up by vegetables, iodine added to salt provides the small but essential amount of iodine needed by humans.

Salt is existent in all animal and vegetable life and is coeval with life itself. It is a basic element in food of any living being. Salt as a chemical is of significant importance. Salt was the name originally given to the residue left by evaporation of sea water. Afterwards the name was employed to include all substances held in solution in sea water. Chemists ultimately extended the name to cover all combinations of an acid and a base. Sodium chloride (NaCl) now called common salt, is an example of the simplest type of chemical salt. Sodium chloride is an essential constituent of the body fluids and is responsible for a number of vital functions in the body.

Market Outlook

The global Iodized Salt market was million US$ in 2018 and is expected to million US$ by the end of 2025 growing at a CAGR of between 2019 and 2025. The market is dynamic and highly fragmented with the presence of numerous small and domestic players occupying major chunk of the global market share. The flavored salts market is influenced directly by the trends in the food industry, particularly the fast food and meat industries. Flavored salt is no different than regular table salt, except that it contains other herbs and spices to provide more complex flavors. The market is considered a recession-proof market as consumers can use flavored salts for home cooking as well.

The market growth is the limitation of downstream market. As large demand of healthy products at home and abroad, many companies began to enter the field. Currently, the Iodate Salt industry is not only begin to transit to Iodate Salt products, while still extend in the resource-rich land and downstream industry chain. Growing malnutrition concerns among children and adults along with increasing demand for nutritious diet will drive fortified salts market growth.  Rising health risks due to low consumption of iron, and iodine will fuel production penetration.

Increasing occurrence of miscarriages, gestational hypertension and neurological disorders including cretinism among newborns will drive industry growth. Appropriate growth and movement of unborn child is among the key factor fueling demand among women. Globally, industry foresees high demand from iodine owing to its medicinal properties in treating various diseases.

Dental hygiene has become a key concern especially among children. 42% of the children aged between 2 to 11 years suffers from dental caries in their primary teeth and 21% in their permanent teeth. Benefits including healing ulcers in the gums, cleans plaque and whitens teeth will stimulate market demand.

Due to increasing shortage of iodine in developing countries, growing use of iodine in various applications like X-ray contract media, government initiatives to increase the use of iodine in human nutrition and increase the use of iodine in animal feed additives. Based on source the market has been segmented into Underground Brines, Recycling, Seaweeds and Caliche Ore. The Caliche Ore dominated the market since removal of iodine from caliche is economically possible. Europe & CIS region dominated the market for iodine due to increasing awareness concerning iodine deficiency and implementation of by global organizations such as WHO to make consumption of iodized salts. Furthermore, growing number of cancer patients in France, increasing expenditures by the government in healthcare sector in Germany are other factors leading to increasing consumption of iodine in X-ray contrast media. Such factors are responsible for the large market share of Europe & CIS region.

In food grade salt market China, United State and India are the countries which are leading manufacturers of food grade salt. China produces 22% of the world’s supply and United State produces 15% of the world’s supply. The global food grade salt has been continuously on an upward trend as the world population is continuously increasing. This is expected to grow the market demand for the food grade salt market. This trend is expected to continue as most of the world’s salt supply remain untouched. Africa is the region where the maximum population is undernourished. Iodine deficiency is high in Africa. This provides a great opportunity for the iodized food grade salt manufacturers as demand for the iodized salt is likely to increase to improve the health quotient of the population.

The food grade salt has the fundamental to consistency and texture of many dairy products such as bread and cheese. The increasing demand for the bakery products in North America and Europe is likely to boost the demand for food grade salt. Animal and pets are also required to keep them healthy. The right salt intake ensures their growth, strong immune system, and reproductive system. Hence they need to have enough salt intake from their supplements and diets. This necessity is boosting the demand for food grade salt in animal feed. 

The changing lifestyle of the consumers in the regions like North America, Europe and South East Asia is demanding for the convenience food and they are more likely to prefer ready to eat food products. Most of these products use food grade salts as a preservative. This trend is expected to boost the market demand and market growth for the food grade salt in these regions. Food grade salt is also used as the flavor enhancer in many food products. This is rising the frequency for new product developments from the manufacturers. Many food grade salt manufacturers are innovating and introducing the new flavored food grade salts.

India is the third largest Salt producing Country in the World after China and USA with Global annual production being about 230 million tones.  The growth and achievement of Salt Industry over the last 60 years has been spectacular. India follows closely behind the US by exporting $129,097,000 worth of salt every year and like the US is one of the top producers of salt in the world. Salt production in India is expected to increase over 35% to 40 million tonnes per year by 2020.

In India, Gujarat, Tamil Nadu and Rajasthan contribute to about 96% of the Country’s salt production. Gujarat contributes 75% to the total production, followed by Tamil Nadu (11 %) and Rajasthan (10 %). About 62% of the total production is from large salt producers, 28% is contributed by small scale producers and rest by medium scale producers.

Key Players

Ø  Ankur Chemfood Ltd.

Ø  G Das & Co. Pvt. Ltd.

Ø  Hindustan Salts Ltd.

Ø  Nirma Ltd.

Ø  Rasoi Ltd.

Ø  Saboo Sodium Chloro Ltd.

Ø  Sahayamatha Salt Refinery Ltd.

Ø  Sambhar Salts Ltd.

Ø  Super Salts Pvt. Ltd.

Ø  Tamil Nadu Salt Corpn. Ltd.

Ø  Tata Chemicals Ltd.

Ø  Tuticorin Salt & Marine Chemicals Ltd.

Ø  Vaibhav Enterprises Ltd.

Ø  Akzo Nobel

Ø  Cargill

Ø  North American Salt Company

Ø  Morton Salt

Ø  Compass Minerals International

Ø  Dampier Salt

Ø  Tata Chemicals Limited

Ø  British Salt Company

Ø  K+S Aktiengesellschaft

Ø  McCormick & Company Inc.

Ø  United Salt Corporation

Ø  Saltworks Inc.

Ø  Kutch Brine Chem Industries

 

 

For More Details, Click Here:- https://niir.org/profile-project-reports/profiles/bakery-confectionery-products-food-confectionery-chocolate-sweets-lollipop-candy-bar-toffee-chewing-gum-sugar-based-foods-confectionery-lozenges-marshmallow-jelly-cream-biscuits-processed-food-bread-cakes-pastries-cookies-rusk/z,,2c,32,a/index.html?_sort_by=default

 

Tags

#businessconsultant, #businessfeasibilityreport, #BusinessPlan, #DetailedProjectReport, #foodindustry, #IodisedSalt, #Iodizedtablesalt, #ProjectReport

ABOUT NPCS

 

NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

Our various services are: Detailed Project Report,  Business Plan for Manufacturing Plant, Start-up Ideas, Business Ideas for Entrepreneurs, Start up Business Opportunities, entrepreneurship projects, Successful Business Plan, Industry Trends, Market Research, Manufacturing Process, Machinery, Raw Materials, project report, Cost and Revenue, Pre-feasibility study for Profitable Manufacturing Business, Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Business Opportunities, Investment Opportunities for Most Profitable Business in India, Manufacturing Business Ideas, Preparation of Project Profile, Pre-Investment and Pre-Feasibility Study, Market Research Study, Preparation of Techno-Economic Feasibility Report, Identification and Section of Plant, Process, Equipment, General Guidance, Startup Help, Technical and Commercial Counseling for setting up new industrial project and Most Profitable Small Scale Business.

NPCS also publishes varies process technology, technical, reference, self employment and startup books, directory, business and industry database, bankable detailed project report, market research report on various industries, small scale industry and profit making business. Besides being used by manufacturers, industrialists and entrepreneurs, our publications are also used by professionals including project engineers, information services bureau, consultants and project consultancy firms as one of the input in their research.

Our Detailed Project report aims at providing all the critical data required by any entrepreneur vying to venture into Project. While expanding a current business or while venturing into new business, entrepreneurs are often faced with the dilemma of zeroing in on a suitable product/line.

 


And before diversifying/venturing into any product, wish to study the following aspects of the identified product:


• Good Present/Future Demand
• Export-Import Market Potential
• Raw Material & Manpower Availability
• Project Costs and Payback Period


We at NPCS, through our reliable expertise in the project consultancy and market research field, Provides exhaustive information about the project, which satisfies all the above mentioned requirements and has high growth potential in the markets. And through our report we aim to help you make sound and informed business decision.

 

The report contains all the data which will help an entrepreneur find answers to questions like:

• Why I should invest in this project?
• What will drive the growth of the product?
• What are the costs involved?
• What will be the market potential?


The report first focuses on enhancing the basic knowledge of the entrepreneur about the main product, by elucidating details like product definition, its uses and applications, industry segmentation as well as an overall overview of the industry sector in India. The report then helps an entrepreneur identify the target customer group of its product. It further helps in making sound investment decision by listing and then elaborating on factors that will contribute to the growth of product consumption in India and also talks about the foreign trade of the product along with the list of top importing and top exporting countries. Report includes graphical representation and forecasts of key data discussed in the above mentioned segment. It further explicates the growth potential of the product.

The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.


Reasons for buying the report:

• This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, demand of the product and reasons for investing in the product.

• This report provides vital information on the product like its definition, characteristics and segmentation.

• This report helps you market and place the product correctly by identifying the target customer group of the product.

• This report helps you understand the viability of the project by disclosing details like raw materials required, manufacturing process, project costs and snapshot of other project financials.

• The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decision.

 

Our Approach:


• Our research reports broadly cover Indian markets, present analysis, outlook and forecast.

• The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players. 

• We use reliable sources of information and databases.  And information from such sources is processed by us and included in the report.

 

Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:

 

 

Ø  Introduction

·         Project Introduction

·         Project Objective and Strategy

·         Concise History of the Product

·         Properties

·         BIS (Bureau of Indian Standards) Provision & Specification

·         Uses & Applications

 

Ø  Market Study and Assessment

·         Current Indian Market Scenario

·         Present Market Demand and Supply

·         Estimated Future Market Demand and Forecast

·         Statistics of Import & Export

·         Names & Addresses of Existing Units (Present Players)

·         Market Opportunity

 

Ø  Raw Material

·         List of Raw Materials

·         Properties of Raw Materials

·         Prescribed Quality of Raw Materials

·         List of Suppliers and Manufacturers

 

Ø  Personnel (Manpower) Requirements

·         Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel

 

Ø  Plant and Machinery

·         List of Plant & Machinery

·         Miscellaneous Items

·         Appliances & Equipments

·         Laboratory Equipments & Accessories

·         Electrification

·         Electric Load & Water

·         Maintenance Cost

·         Sources of Plant & Machinery (Suppliers and Manufacturers)

 

Ø  Manufacturing Process and Formulations

·         Detailed Process of Manufacture with Formulation

·         Packaging Required

·         Process Flow Sheet Diagram

 

Ø  Infrastructure and Utilities

·         Project Location

·         Requirement of Land Area

·         Rates of the Land

·         Built Up Area

·         Construction Schedule

·         Plant Layout and Requirement of Utilities

 

Project at a Glance

Along with financial details as under:

 

  •     Assumptions for Profitability workings

  •    Plant Economics

  •    Production Schedule

  •    Land & Building

            Factory Land & Building

            Site Development Expenses

  •    Plant & Machinery

             Indigenous Machineries

            Other Machineries (Miscellaneous, Laboratory etc.)

  •    Other Fixed Assets

            Furniture & Fixtures

            Pre-operative and Preliminary Expenses

            Technical Knowhow

            Provision of Contingencies

  •   Working Capital Requirement Per Month

             Raw Material

            Packing Material

            Lab & ETP Chemical Cost

           Consumable Store

  •   Overheads Required Per Month And Per Annum

         Utilities & Overheads (Power, Water and Fuel Expenses etc.)

             Royalty and Other Charges

            Selling and Distribution Expenses

  •    Salary and Wages

  •    Turnover Per Annum

  •   Share Capital

            Equity Capital

            Preference Share Capital

 

  •    Annexure 1:: Cost of Project and Means of Finance

  •    Annexure 2::  Profitability and Net Cash Accruals

                Revenue/Income/Realisation

                Expenses/Cost of Products/Services/Items

                Gross Profit

                Financial Charges     

                Total Cost of Sales

                Net Profit After Taxes

                Net Cash Accruals

  •   Annexure 3 :: Assessment of Working Capital requirements

                Current Assets

                Gross Working. Capital

                Current Liabilities

                Net Working Capital

                Working Note for Calculation of Work-in-process

  •    Annexure 4 :: Sources and Disposition of Funds

  •    Annexure 5 :: Projected Balance Sheets

                ROI (Average of Fixed Assets)

                RONW (Average of Share Capital)

                ROI (Average of Total Assets)

  •    Annexure 6 :: Profitability ratios

                D.S.C.R

                Earnings Per Share (EPS)

               

             Debt Equity Ratio

        Annexure 7   :: Break-Even Analysis

                Variable Cost & Expenses

                Semi-Var./Semi-Fixed Exp.

                Profit Volume Ratio (PVR)

                Fixed Expenses / Cost 

                B.E.P

  •   Annexure 8 to 11:: Sensitivity Analysis-Price/Volume

            Resultant N.P.B.T

            Resultant D.S.C.R

   Resultant PV Ratio

   Resultant DER

  Resultant ROI

          Resultant BEP

  •    Annexure 12 :: Shareholding Pattern and Stake Status

        Equity Capital

        Preference Share Capital

  •   Annexure 13 :: Quantitative Details-Output/Sales/Stocks

        Determined Capacity P.A of Products/Services

        Achievable Efficiency/Yield % of Products/Services/Items 

        Net Usable Load/Capacity of Products/Services/Items   

       Expected Sales/ Revenue/ Income of Products/ Services/ Items   

  •    Annexure 14 :: Product wise domestic Sales Realisation

  •    Annexure 15 :: Total Raw Material Cost

  •    Annexure 16 :: Raw Material Cost per unit

  •    Annexure 17 :: Total Lab & ETP Chemical Cost

  •    Annexure 18  :: Consumables, Store etc.,

  •    Annexure 19  :: Packing Material Cost

  •    Annexure 20  :: Packing Material Cost Per Unit

  •    Annexure 21 :: Employees Expenses

  •    Annexure 22 :: Fuel Expenses

  •    Annexure 23 :: Power/Electricity Expenses

  •    Annexure 24 :: Royalty & Other Charges

  •    Annexure 25 :: Repairs & Maintenance Exp.

  •    Annexure 26 :: Other Mfg. Expenses

  •    Annexure 27 :: Administration Expenses

  •    Annexure 28 :: Selling Expenses

  •    Annexure 29 :: Depreciation Charges – as per Books (Total)

  •   Annexure 30   :: Depreciation Charges – as per Books (P & M)

  •   Annexure 31   :: Depreciation Charges - As per IT Act WDV (Total)

  •   Annexure 32   :: Depreciation Charges - As per IT Act WDV (P & M)

  •   Annexure 33   :: Interest and Repayment - Term Loans

  •   Annexure 34   :: Tax on Profits

  •   Annexure 35   ::Projected Pay-Back Period And IRR