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Global Salt Market Size, Share, Report, Analysis, Forecast: By Type: Rock Salt, Brine, Solar Salt, Vacuum Salt; By Application: Chemical Processing, Road De-icing, Food Processing, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Value Chain Analysis; Competitive Landscape; 2024-2032
Global Salt Market Size
The global salt market reached USD 36.7 billion in 2023. The market is projected to grow at a CAGR of 5.1% between 2024 and 2032, reaching almost USD 57.4 billion by 2032.
| Global Salt Market Report 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 | 36.7 |
| Market Size 2032 | USD Billion | 57.4 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 5.1% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 42.3% |
| CAGR 2024-2032 - Market by Country | Brazil | 5.9% |
| CAGR 2024-2032 - Market by Country | Canada | 5.5% |
| CAGR 2024-2032 - Market by Type | Brine | 5.6% |
| CAGR 2024-2032 - Market by Application | Food Processing | 5.8% |
| Market Share by Country 2023 | China | 15.7% |
Global Salt Market Outlook
- An average American consumes 3300 mg of salt daily, as per the National Centre for Disease Control and Prevention.
- In China, people, on average, consume 9.3 grams of salt per day solely from home cooking.
- According to the WHO, the implementation of sodium reduction initiatives can save nearly 7 million lives by 2030.
Global Salt Market Growth
There are 22,407 food manufacturing facilities in the United States, with average annual sales of $1.8 trillion. This is expected to surge the demand for salt, as it is a crucial component of various processed foods and enhances their texture, flavour, and colour.
The rising demand for food with nuanced and complex flavours is surging the usage of different varieties of salt, ranging from pink salt to black lava salt, for contrasting sweetness, introducing new flavours, and driving innovation in food and beverages. Besides, growing concerns regarding high sodium intake and the rising prevalence of health issues like stroke and hypertension are prompting key players to develop salt with reduced sodium content.
Salt also presents a sustainable and economical method of recycling plastic waste. While platinum is well suited for the pyrolysis of polyolefins, it is relatively quite expensive as compared to rock salt (0.04/kg). Researchers at the MSU (Michigan State University) have discovered that the output of polyolefin pyrolysis using rock salt yields 86% liquid and 14% gas while yielding zero solid wax, which makes it an eco-friendlier alternative to aluminium, platinum, or carbon. Further improvements in processes are expected to boost their applicability across various industries in the coming years.
Global Salt Industry Segmentation
Global 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 |
| Brine | 5.6% |
| Vacuum Salt | 4.8% |
| Rock Salt | XX% |
| Solar Salt | XX% |
Market Breakup by Type
- Rock Salt
- Brine
- Solar Salt
- Vacuum Salt
| CAGR 2024-2032 - Market by | Application |
| Food Processing | 5.8% |
| Chemical Processing | 5.3% |
| De-Icing | XX% |
| Others | XX% |
Market Breakup by Application
- Chemical Processing
- Road De-icing
- Food Processing
- Others
| CAGR 2024-2032 - Market by | Region |
| Latin America | 5.4% |
| North America | 4.8% |
| Europe | 4.5% |
| Asia Pacific | XX% |
| Middle East and Africa | XX% |
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
| CAGR 2024-2032 - Market by | Country |
| Brazil | 5.9% |
| Canada | 5.5% |
| USA | 4.7% |
| Germany | 4.6% |
| France | 4.3% |
| UK | 4.1% |
| Italy | XX% |
| China | XX% |
| Japan | XX% |
| India | XX% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Mexico | XX% |
Global Salt Market Share
Based on type, the market is divided into rock salt, brine, solar salt, and vacuum salt. Over the forecast period, solar salt is expected to account for a significant market share as an increasing number of consumers prefer sustainable, healthier, and cheaper alternatives to processed food salts.
| 2023 Market Share by | Country |
| China | 15.7% |
| USA | XX% |
| Canada | XX% |
| UK | XX% |
Leading Companies in the Global Salt Market
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.
- Cargill, Incorporated
- Syensqo SA
- Tata Chemical Ltd.
- K+S Aktiengesellschaft
- Wacker Chemie AG
- China National Salt Industry Corporation
- CIECH S.A.
- The Salins Group
- Compass Minerals International, Inc.
- Archean Chemical Industries Limited
- Others
Major market players are focusing on researching sustainable ways of extracting salt from seawater.
Key Highlights of the Report
| 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:
|
| Breakup by Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| 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
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Salt Market Analysis
8.1 Key Industry Highlights
8.2 Global Salt Historical Market (2018-2023)
8.3 Global Salt Market Forecast (2024-2032)
8.4 Global Salt Market by Type
8.4.1 Rock Salt
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Brine
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Solar Salt
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Vacuum Salt
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Salt Market by Application
8.5.1 Chemical Processing
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Road De-icing
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Food Processing
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Salt Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Salt Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Salt Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Salt Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Salt Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Salt Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 2501)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Cargill, Incorporated
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 Syensqo SA
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 Tata Chemical Ltd.
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 K+S Aktiengesellschaft
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 Wacker Chemie AG
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 China National Salt Industry Corporation
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 CIECH S.A.
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 The Salins Group
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 Compass Minerals International, Inc.
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 Archean Chemical Industries 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. Global Salt Market: Key Industry Highlights, 2018 and 2032
2. Global Salt Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Salt Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Salt Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Salt Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Salt Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Salt Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Salt Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Salt Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Salt Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Salt Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Salt Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Salt Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Salt Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Salt Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Salt Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Salt Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Global Salt Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 36.7 billion in 2023.
The market is projected to grow at a CAGR of 5.1% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 57.4 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, road de-icing, and food processing, among others.
The different regions covered in the market report are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key market players are Cargill, Incorporated, Syensqo SA, Tata Chemical Ltd., K+S Aktiengesellschaft, Wacker Chemie AG, China National Salt Industry Corporation, CIECH S.A., The Salins Group, Compass Minerals International, Inc., and Archean Chemical Industries Limited, among others.
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