Latest News- Salt Market: Rock salt is expected to lead the Type segment during 2025-2029

The Salt Market is being driven by Wide range of industrial applications of salt

The Salt Market is expected to grow at a CAGR of 2.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 33 billion. In the APAC region, the burgeoning industrial salt industry, specifically in India and China, has witnessed substantial growth. This expansion has resulted in a heightened preference for the solar evaporation process in salt production. With an abundance of saline lakes and extensive coastlines in several Asian countries, such as India and China, solar evaporation is gaining significance. As the oldest salt production method, solar evaporation thrives in the region due to favorable climatic conditions, including warm temperatures and consistent winds. The evaporation process outpaces precipitation in these climates, promoting salt crystallization. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Rock salt
  • Brine
  • Solar salt
  • Vacuum pan salt
• Application
  • Chemical processing
  • Road de-icing
  • Food processing
  • Others
• Source
  • Mined salt
  • Sea salt
  • Well and salt lake
• Geography
  • APAC
    • Australia
    • China
    • India
    • Japan
    • South Korea
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • UK
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Wide range of industrial applications of salt
• Increase in production of chloralkali chemicals
• Increased demand for processed foods

However, the market also witnesses some limitations, which are as follows:

• Product recalls in food industry
• Growing popularity of salt alternatives in food products
• Growing health awareness among people

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Market Scope in Salt Market Research Report

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Research Analysis Overview

The Salt Market encompasses the production and trade of inorganic compounds, primarily minerals like chlorine and sodium, derived from various processing activities such as seawater evaporation and brine extraction. Rock salt, a key commodity, is mined from the earth as an economic alternative. Approvals and licenses from mining officials are necessary for these activities. Salt is used in food consumption, chemical processing for de-icing products and water treatment, and is increasingly adopted in urban areas due to growing demand from global population and government initiatives. Safety, quality, and environmental concerns are paramount in the regulation of salt mining and production.

Market Research Overview

The global packaged foods and meats market encompasses businesses engaged in the production and processing of food and meat products, employing techniques such as inorganic compound application and seawater evaporation to eliminate microorganisms and enhance preservation. According to Technavio's market analysis, the market's size is determined by the consolidated revenue of participating vendors. Equipment manufacturers and producers of packaged beverages, including alcoholic, non-alcoholic, and mineral waters, are excluded. Market expansion will be fueled by the health advantages linked to the consumption of minimally processed foods, such as vegetables, which are abundant in essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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