Project Report For Iodised salt
Project report for Iodised salt is as follows.
Table salt is iodized salt, which contains a trace amount of different iodine salts. Iodine supplementation prevents iodine insufficiency. Iodine deficiency affects over two billion individuals worldwide and is the most common preventable cause of intellectual and developmental impairments. Thyroid gland disorders may sometimes be caused by deficiency. Iodine deficiency is a major public health issue in many nations, and it can be easily remedied by adding tiny amounts of iodine to sodium chloride salt. Iodine is a micronutrient and dietary mineral that is naturally present in some food supplies, particularly near seashores but is relatively rare in the rest of the world. Since iodine is a “heavy” element, and chemical element abundance decreases with increasing atomic mass, it is found in the Earth’s crust. Iodine added to salt supplies the modest but critical quantity of iodine needed by people when natural levels of iodine in the soil are low and the iodine is not picked up by vegetables. In high temperature and high relative humidity circumstances, an opened package of iodized table salt may rapidly lose its iodine content due to oxidation and iodine sublimation. Iodine deficiency is a major public health issue in many nations, including India. And we can easily treat it by consuming a tiny amount of iodine salt daily.
Market potential & Strategy
In India, the market for bagged iodized salt is valued at Rs. 21.7 billion. By 2019, the demand for salt will grow at a rate of 2.9 per cent per year, reaching 350 million metric tonnes. The majority of new demand will be fueled by increased chemical output. The most common way of creating salt is solar evaporation. India is expected to have the largest growth in salt production, and as a result, solar evaporation will account for a growing share of world salt output through 2019. Production of rock salt and brine will also rise moderately. Over the next five years, the table salt manufacturing business is predicted to remain mostly unaltered. Most salt manufacturers have been in business for decades and have long-term supply leases in place that provide them with healthy, predictable profit margins, and the merger or acquisition activity that characterised the industry in the 1990s has left it highly concentrated, making it difficult for new entrants to break in. The table salt manufacturing industry has a significant concentration of market share. Because table salt is a necessity, it was one of the few industries that escaped the recession unscathed, as customers continued to want it.
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