Market Overview:
The global salt market is expected to reach USD XX million by 2030, at a CAGR of XX% during the forecast period 2018-2030. The growth in the market can be attributed to factors such as rising demand for processed food, increasing application of salt in chemical processing and water treatment industries, and growing use of road de-icing salts. However, volatility in prices of raw materials used for manufacturing salt may restrain the growth of this market to some extent. Based on type, the global salt market is segmented into sea salt, well mineral salt, and lake salt. Sea Salt dominates the overall market with a share of more than 50%. It is followed by well mineral salts and lake salts respectively. On account of its high purity levels and low moisture content; sea salts are extensively used across various applications including food processing industry (FSI), chemical processing industry (CPI), water treatment industry (WTI), etc., thereby propelling its demand over other types during the forecast period 2018-2030.
Product Definition:
Salt is a mineral that is used to add flavor to food and also helps to preserve it. It is also used as a preservative in many processed foods.
Sea Salt:
sea salt is produced by evaporating seawater, usually through solar evaporation or a similar technique. The process does not involve any mining and is free of harmful chemicals. It has been used as an important source of mineral salts for thousands of years, with the first evidence of its use dating back to around 7500 BC in China.
Well Mineral Salt:
Well mineral salt is a natural sea salt which has been harvested from the evaporative surface of water bodies. It contains numerous minerals such as sodium, calcium & magnesium along with other trace elements. The product is considered to be healthier and safer alternative to table salts owing to high content of minerals and low content of Sodium Chloride (NaCl).
Application Insights:
The other application segment includes personal care, dairy, pharmaceuticals and food processing. The chemical processing industry is anticipated to be the major consumer of sea salt accounting for over 35% of the overall consumption in terms of volume. The increasing need for industrial grade chemicals across various industries including oil & gas, construction and manufacturing is expected to drive product demand over the coming years.
The road de-icing segment was valued at USD 1.96 billion in 2017 on account of its usage as an ice control agent during winters across various regions including North America and Europe.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue in 2017. The region is expected to witness significant growth over the forecast period owing to increasing population and rising living standards. Rapid industrialization coupled with government initiatives for infrastructure development is also likely to drive demand from chemical processing, food industry, and road deicing applications.
The Middle East & Africa (MEA) was the second-largest regional segment accounting for a share of 21% in 2017 on account of growing investments by foreign companies along with supportive government policies towards diversification programs are projected to boost demand over the coming years. For instance, Saudi Arabia has announced plans for Vision 2030 which aims at developing all sectors including healthcare, education, tourism etc., thereby driving product consumption across various end-use industries such as construction and chemical processing.
Growth Factors:
- Increasing demand for salt in food and beverage industry as a preservative and flavoring agent.
- Growing population and their increasing demand for processed foods is expected to drive the growth of salt market over the forecast period.
- Rising awareness about the health benefits of using low sodium salt is anticipated to propel the growth of global salt market over next few years.
- Rapid industrialization coupled with growing disposable income in emerging economies is projected to fuel the demand for processed foods, which in turn would boost the growth of global salt market during forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Salt Market Research Report
By Type
Sea Salt, Well Mineral Salt, Lake Salt
By Application
Chemical Processing, Food Industrial, Road De-icing, Water Treatment, Other
By Companies
K+S, Compass, Cargill, European Salt, Akzonobel, Morton Salt, INEOS Group, Dampier salt, TATA, Dev Salt, China National Salt Industry Corporation, 9D Salt Corporation, Jiangsu jingshen salt&chemical industry Co.,Ltd, Lantai Industry, Yunnan Salt & Chemical Industry co., ltd, Shandong Chengyuan Group, Shandong Weifang Longwei Industrial Co. L td., Shandong Lubei Chemical Co.,Ltd, Changlu Salt Field, DSCG
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
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Salt Market Report Segments:
The global Salt market is segmented on the basis of:
Types
Sea Salt, Well Mineral Salt, Lake 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
Chemical Processing, Food Industrial, Road De-icing, Water Treatment, Other
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:
- K+S
- Compass
- Cargill
- European Salt
- Akzonobel
- Morton Salt
- INEOS Group
- Dampier salt
- TATA
- Dev Salt
- China National Salt Industry Corporation
- 9D Salt Corporation
- Jiangsu jingshen salt&chemical industry Co.,Ltd
- Lantai Industry
- Yunnan Salt & Chemical Industry co., ltd
- Shandong Chengyuan Group
- Shandong Weifang Longwei Industrial Co. L td.
- Shandong Lubei Chemical Co.,Ltd
- Changlu Salt Field
- DSCG
Highlights of The 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:
- Sea Salt
- Well Mineral Salt
- Lake Salt
- By Application:
- Chemical Processing
- Food Industrial
- Road De-icing
- Water Treatment
- Other
- 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 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?
Salt is a mineral that is essential for human health. It helps to regulate the body's fluid balance and blood pressure.
Some of the major players in the salt market are K+S, Compass, Cargill, European Salt, Akzonobel, Morton Salt, INEOS Group, Dampier salt, TATA, Dev Salt, China National Salt Industry Corporation, 9D Salt Corporation, Jiangsu jingshen salt&chemical industry Co.,Ltd, Lantai Industry, Yunnan Salt & Chemical Industry co., ltd, Shandong Chengyuan Group, Shandong Weifang Longwei Industrial Co. L td., Shandong Lubei Chemical Co.,Ltd, Changlu Salt Field, DSCG.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Salt Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Salt Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Salt Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Salt Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Salt Market Size & Forecast, 2020-2028
4.5.1 Salt Market Size and Y-o-Y Growth
4.5.2 Salt Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Sea Salt
5.2.2 Well Mineral Salt
5.2.3 Lake Salt
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chemical Processing
6.2.2 Food Industrial
6.2.3 Road De-icing
6.2.4 Water Treatment
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Salt Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Salt Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Sea Salt
9.6.2 Well Mineral Salt
9.6.3 Lake Salt
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chemical Processing
9.10.2 Food Industrial
9.10.3 Road De-icing
9.10.4 Water Treatment
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Sea Salt
10.6.2 Well Mineral Salt
10.6.3 Lake Salt
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chemical Processing
10.10.2 Food Industrial
10.10.3 Road De-icing
10.10.4 Water Treatment
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Sea Salt
11.6.2 Well Mineral Salt
11.6.3 Lake Salt
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chemical Processing
11.10.2 Food Industrial
11.10.3 Road De-icing
11.10.4 Water Treatment
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Sea Salt
12.6.2 Well Mineral Salt
12.6.3 Lake Salt
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chemical Processing
12.10.2 Food Industrial
12.10.3 Road De-icing
12.10.4 Water Treatment
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Sea Salt
13.6.2 Well Mineral Salt
13.6.3 Lake Salt
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chemical Processing
13.10.2 Food Industrial
13.10.3 Road De-icing
13.10.4 Water Treatment
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Salt Market: Competitive Dashboard
14.2 Global Salt Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 K+S
14.3.2 Compass
14.3.3 Cargill
14.3.4 European Salt
14.3.5 Akzonobel
14.3.6 Morton Salt
14.3.7 INEOS Group
14.3.8 Dampier salt
14.3.9 TATA
14.3.10 Dev Salt
14.3.11 China National Salt Industry Corporation
14.3.12 9D Salt Corporation
14.3.13 Jiangsu jingshen salt&chemical industry Co.,Ltd
14.3.14 Lantai Industry
14.3.15 Yunnan Salt & Chemical Industry co., ltd
14.3.16 Shandong Chengyuan Group
14.3.17 Shandong Weifang Longwei Industrial Co. L td.
14.3.18 Shandong Lubei Chemical Co.,Ltd
14.3.19 Changlu Salt Field
14.3.20 DSCG
