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The India salt market reached around USD 2.32 billion in 2023. The market is projected to grow at a CAGR of 6.2% between 2024 and 2032, reaching almost USD 3.98 billion by 2032.
India Salt Market Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 2.32 |
Market Size 2032 | USD Billion | 4.98 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 6.2% |
CAGR 2024-2032 - Market by Region | West and Central India | 6.9% |
CAGR 2024-2032 - Market by Region | South India | 5.8% |
CAGR 2024-2032 - Market by Type | Solar Salt | 7.1% |
CAGR 2024-2032 - Market by Application | Food Processing | 6.8% |
2023 Market Share by Region | North India | 28.4% |
In India, 167 million people are at risk of getting iodine deficiency disorder (IDD), out of which 54 million people are already suffering from goitre and 2 million from cretinism. As per government guidelines, an average adult should consume 150 micrograms of iodine daily, with the figure being 220mg and 290mg for pregnant and lactating women respectively. The poor consumption of iodine in regions like Andhra Pradesh, and Daman Diu is expected to boost the demand for iodised salt in these regions, thereby driving the market growth. Logistical challenges related to the storage and safe processing of salt are expected to witness rapid resolution, thereby driving salt demand among the masses.
Gujarat, Rajasthan, and Tamil Nadu are the leading salt-producing states of India, accounting for 76.7%, 9.86%, and 11.16% of the total production, respectively. The rest of the production comes from Maharashtra, Orissa, Goa, Himachal Pradesh, West Bengal, Andhra Pradesh, and Goa, among others. Large scale producers dominate salt production in India, with a 62% share in output, whereas small producers account for 28% of the total production. The average salt supply meant for human consumption in India amounts to 59 lakh tons, while industries take 107 lakh tons.
India Salt Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
CAGR 2024-2032 - Market by | Type |
Solar Salt | 7.1% |
Vacuum Salt | 6.1% |
Rock Salt | XX% |
Brine | XX% |
Market Breakup by Type
CAGR 2024-2032 - Market by | Application |
Food Processing | 6.8% |
Chemical Processing | 6.5% |
De-Icing | XX% |
Others | XX% |
Market Breakup by Application
CAGR 2024-2032 - Market by | Region |
West and Central India | 6.9% |
South India | 5.8% |
North India | XX% |
East India | XX% |
Market Breakup by Region
Based on region, the market is divided into East India, West and Central India, North India, and South India. Over the forecast period, West and Central India is expected to grow at a CAGR of 6.9% during 2024-2032. This can be attributed to the high salt production in Gujarat, which is majorly sourced from marine sources and inland lakes.
2023 Market Share by | Region |
North India | 28.4% |
South India | XX% |
East India | XX% |
Major market players are expected to boost the manufacturing of double fortified salts to enable people to consume a balanced diet and stay healthy.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Salt Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Salt Historical Market (2018-2023)
8.3 Asia Pacific Salt Market Forecast (2024-2032)
9 India Salt Market Overview
9.1 Key Industry Highlights
9.2 India Salt Historical Market (2018-2023)
9.3 India Salt Market Forecast (2024-2032)
10 India Salt Market by Type
10.1 Rock Salt
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Brine
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Solar Salt
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Vacuum Salt
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 India Salt Market by Application
11.1 Chemical Processing
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 De-Icing
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Food Processing
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 India Salt Market by Country
12.1 East India
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 West and Central India
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 North India
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 South India
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators of Demand
13.4 Key Indicators of Price
14 Value Chain Analysis
15 Trade Data Analysis (HS Code – 2501)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Price Analysis
17 Manufacturing Process
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 K+S Aktiengesellschaft
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Ankur Chemfood Ltd.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 SKC Industries LLP
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Shree Sai Salt
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Tata Consumer Products Ltd.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Chandan Salt Works Pvt. Ltd.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 INEOS Group
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 GHCL Limited
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Phenix Enterprise
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Goyal Salt Limited
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Salt Market: Key Industry Highlights, 2018 and 2032
2. India Salt Market: Key Industry Highlights, 2018 and 2032
3. India Salt Historical Market: Breakup by Type (USD Billion), 2018-2023
4. India Salt Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. India Salt Historical Market: Breakup by Application (USD Billion), 2018-2023
6. India Salt Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. India Salt Historical Market: Breakup by Country (USD Billion), 2018-2023
8. India Salt Market Forecast: Breakup by Country (USD Billion), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. India Salt Market Structure
The market was valued at nearly USD 2.32 billion in 2023.
The market is projected to grow at a CAGR of 6.2% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 3.98 billion in 2032.
The different types of salt in the market include rock salt, brine, solar salt, and vacuum salt.
The different applications of salt include chemical processing, de-icing, and food processing, among others.
The different regions covered in the market report are East India, West and Central India, North India, and South India.
The key market players are K+S Aktiengesellschaft, Ankur Chemfood Ltd., SKC Industries LLP, Shree Sai Salt, Tata Consumer Products Ltd., Chandan Salt Works Pvt. Ltd., INEOS Group, GHCL Limited, Phenix Enterprise, and Goyal Salt Limited, among others.
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