The worldwide micronized salt market is estimated to expand from USD 3,056.1 million in 2024 to USD 3,937.9 million by 2034. Through this period, the industry is projected to record a 2.6% CAGR.
Micronized salt is seeing increased use across various food products, contributing to its steady growth in tandem with the food industry. The rapid expansion of the eCommerce sector and the growing reliance on home delivery services are positively influencing market growth.
Additionally, demand from food delivery companies is on the rise, fueled by increased digitization and consumer preferences for convenience. The overall growth of the food and beverage industry, driven by rising sales of processed and ready-to-eat products, is further boosting the demand for micronized salt.
Sales of micronized salts are on the rise, driven by their extensive use in end-user sectors such as beverages, confectionery, bakery products, and dairy. Additionally, manufacturers are expanding into emerging economies, where population growth and rising disposable incomes present new opportunities.
The pharmaceutical sector is also exploring the use of micronized salts, particularly in intravenous solutions and tablet production, where solubility and purity are crucial. In the chemical industry, these salts are being evaluated for their roles as catalysts or reagents in various chemical processes.
However, the industry’s growth may face challenges from shifting consumer preferences, supply chain vulnerabilities, strict trade barriers, and other manufacturing hurdles. The increasing adoption of substitutes, such as salt replacers, is also negatively impacting the market.
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Key Takeaways from the Micronized Salt Market Report
- The micronized salt market is projected to witness a 2.6% CAGR over the forecast period.
- Purity 98% to 99.5% is a significant grade, accounting for 45.7% in 2024.
- The bakery and confectionery products segment is a prominent application segment for micronized salts, registering a 34.3% value share in 2024.
- In Italy, the micronized salt market is anticipated to expand at a 3% CAGR through 2034.
- The micronized salt sector in India is forecast to register a 2.7% CAGR from 2024 to 2034.
Who is Winning?
Industry players are taking various routes to ensure their success in the micronized salt market. Their focus is currently on micronized salt with <99.5% purity grade, which is increasingly being purchased in the food processing sector. To capitalize on this trend, they are developing these hi-purity variants. Moreover, players are exploring new applications and uses of micronized salt to boost their revenue. Pharmaceuticals and nutraceuticals are certain applications that are being explored presently.
Players are going beyond by expanding their establishments in rapidly growing markets of developing economies. Further, they are merging and acquiring their way into more growth. Additionally, to keep the production costs down since micronized salt is a premium salt, players are purchasing new technologies and streamlining processes to lead to more efficiency and affordability.
Recent Developments in the Micronized Salt Market
- Luna Grace Wellness & Rejuvenation Spa gave exclusive offers on red-light therapy and salt therapy in June 2024. In salt therapy, clients experience better skin health, stress reduction, and respiratory wellness as they are treated with diffused micronized salt
Leading Micronized Salt Brands
- TATA Chemicals Ltd.
- ICL Group
- C. Peacock & Co. Ltd.
- Akzo Nobel N.V.
- British Salt Limited (A Tata Holdings Company)
- Compass Minerals America, Inc.
- Marico Limited
- Morton Salt, Inc. (A K+S Group Company)
- INEOS Ltd.
- Kutch Brine Chem Industries
- Wilson Salt Company
- GHCL Ltd.
- Cargill Inc.
- Keya Foods
- Others
Key Segments of the Micronized Salt Market
By Grade:
The global industry, based on grade, is bifurcated into purity 98% to 99.5% and purity above 99.5%.
By Application:
Various applications of the product are bakery and confectionery products, meat, poultry and sea foods. milk & dairy products, beverages, canned/preserved fruits and vegetables, prepared meals, and other applications.
By Region:
The sales analysis of the product is tracked across several continents like North America, Latin America, Europe, East Asia, South Asia, the Middle East and Africa, and Oceania, in the report.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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