Global Food Salt Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Gourmet salt, Rock salt, Brine, Solar salt and Other.

By Application;

Confectionary, Bakery, Meat & poultry, Sea food and Sauces & savouries.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn460818729 Published Date: August, 2024 Updated Date: September, 2024

Introduction

Global Food Salt Market (USD Million), 2020 - 2030

In the year 2023, the Global Food Salt Market was valued at USD 10001.82 million. The size of this market is expected to increase to USD 12300.98 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 3.0%.

The global food salt market is experiencing robust growth driven by the increasing demand for processed and packaged foods. Salt, a vital ingredient in food processing and preservation, plays a crucial role in enhancing flavor and extending the shelf life of various food products. As urbanization and the fast-paced lifestyle continue to rise, consumers are increasingly opting for convenient and ready-to-eat meals, further boosting the demand for food salt. Additionally, the food industry's expansion in emerging economies is significantly contributing to the market's growth, as these regions witness a surge in food production and consumption.

Another critical factor propelling the global food salt market is the growing awareness of different salt varieties and their health benefits. Consumers are becoming more health-conscious and are seeking alternatives to traditional table salt, such as sea salt, Himalayan pink salt, and kosher salt. These specialty salts, often perceived as healthier and more natural, are gaining popularity in households and gourmet cooking. The trend towards organic and natural food products is also supporting the demand for unrefined and minimally processed salt, which is considered a healthier option due to its higher mineral content.

The food salt market is benefiting from advancements in salt production and processing technologies. Innovations in extraction and purification techniques have enabled the production of high-quality food-grade salt with enhanced purity and reduced impurities. These advancements are helping manufacturers meet the stringent quality and safety standards required by the food industry. Additionally, the development of flavored and infused salts is creating new opportunities in the market, catering to the evolving tastes and preferences of consumers. As a result, the global food salt market is poised for sustained growth, driven by a combination of increasing consumer demand, health awareness, and technological advancements in production.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Food Salt Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Urbanization Growth
        2. Processed Foods
        3. Health Awareness
      2. Restraints
        1. Health Concerns
        2. Regulatory Restrictions
        3. Rising Competition
      3. Opportunities
        1. Health Consciousness
        2. Specialty Salts
        3. Organic Demand
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Food Salt Market, By Type, 2020 - 2030 (USD Million)
      1. Gourmet salt
      2. Rock salt
      3. Brine
      4. Solar salt
      5. Other
    2. Global Food Salt Market, By Application, 2020 - 2030 (USD Million)
      1. Confectionary
      2. Bakery
      3. Meat & poultry
      4. Sea food
      5. Sauces & savouries
    3. Global Food Salt Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Akzo Nobel (Netherlands)
      2. Cargill Salt (U.S.)
      3. Compass Minerals International, Inc. (U.S.)
      4. INEOS Enterprises Salt (U.K.)
      5. Solvay (Belgium)
      6. K+S (Germany)
      7. China National Salt Industry (China)
      8. CIECH GROUP (Poland)
      9. Hunan Salt Industry Co., Ltd. (China)
      10. Salins Group (France)
  7. Analyst Views
  8. Future Outlook of the Market