Edible Salt Market
Global Edible Salt Market Size, Share & Trends Analysis Report By Type (Iodized and, Non-Iodized), and By Product Type (Sea Salt, Rock Salt, and, Vacuum Salt) and By End-User (Food, Chemical, Industrial, and Medical) Forecast Period (2021-2027)
The global edible salt market is anticipated to grow at a CAGR of 4.0% during the forecast period. An increase in demand for seasoned edible salt is one of the prime factors affecting and driving the market. People currently is getting more creative with cooking and experimental in traditional pairings and opting for edible salts. Additionally, the increasing popularity of organic food is also anticipated to increase the demand for edible salt as consumers are preferring more vacuum and rock salt. However, across the globe, various countries remain untouched by the supply of iodized salt such as in the Africa region the maximum population is undernourished and due to that iodine deficiency is very high in the region. This is creating an opportunity for the iodized edible salt market manufacturers in the region.
Impact of COVID-19 Pandemic on Global Edible Salt Market
The COVID-19 pandemic had impacted all fields including food and beverages, automotive, pharmaceutical, including the salt. The salt manufacturing industry was adversely impacted due to salt production chain got hampered as lockdown restriction were imposed across the globe. Additionally, salt manufacturers also struggle to meet their production targets. Moreover, there was a 40% drop in salt export in various countries owing to COVID-19 pandemic. For instance, as per the Indian Salt Manufacturers Association, India annually produces 30 million tonnes of salt and exports of 10 million tonnes, whereas during the COVID-19 pandemic, only 6 million tonnes of salt were exported. The restriction in COVID-19 has slow-down the supply chain, transport restriction which had affected the sales of edible salt in the market.
Segmental Outlook
The global edible salt market is segmented based on the type, product type, and end-user. Based on the type, the market is segmented into iodized, and non-iodized. Based on the product type, the market is segmented into sea salt, rock salt, and vacuum salt. Based on the end-user, the market is sub-segmented into the food, chemical, industrial, and medical, Among the product type segment, rock salt is booming and observed the fastest-growing during the forecast period. In the Ayurveda system of medicine, rock salt is highly valued as it offers various health benefits such as healthy skin and hair to weight loss. Additionally, rock salt consists of more value of sodium chloride and other different micronutrients such as magnesium, iron, calcium, zinc, and others.
Global Edible Salt Market Share by End-User, 2020 (%)
The Chemical Segment is Expected to Prominent The Global Edible Salt Market
The chemical segment is dominating the global edible salt market during the forecast period. Chemical is considered as one of the major applications of edible salt as it is used in the manufacturing of various chemical products such as organic and inorganic. In the chemical industry, salt is widely used for the manufacturing of Chlor-alkali products, such as chlorine, soda ash, and caustic soda that are performed through the electrolysis of salt brine. Moreover, most general compound of chlorine that is sodium chloride, which is found in nature as crystalline rock salt, is generally used to produce consumer goods including paper, antiseptic , plastics, PVC, soap, and insecticides, among others.
Regional Outlooks
The global edible salt market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Global Edible Salt Market Growth by Region, 2021-2027
The Asia-Pacific Region is Dominating in Global Edible Salt Market
Asia-Pacific is dominating the global edible salt market during the forecast period. Increasing food industry especially in countries such as China, India, and Thailand is acting as an important factor for the growth of the market. Additionally, key market companies expanding their reach such as China Salt Industry Group Co., Ltd and increasing investment are also impacting the growth of the market. For instance, in October 2021, the salt production hub in Vietnam had been benefited from a newly operational wind park to produce 327 GWh per year once fully operational. The newly opened plant's output will be used to power the salt facilities, and will be fed into the grid. Additionally, it will not only provide green power to thousands of homes and will also preserve natural sea salt and rice production.
Market Players Outlook
The major companies serving the global edible salt market include Akzo Nobel N.V., Cargill, Compass Minerals, MORTON SALT, INC. and Rio Tinto among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2019, Kissner Group Holdings acquired NSC Minerals from Altas Partners to support and expand Kissner’s geographic footprint along with enhancing the company’s management in their growth efforts.
The Report Covers
• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global edible salt market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Edible Salt Market
• Recovery Scenario of Global Edible Salt Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Akzo Nobel N.V.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Cargill
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Compass Minerals
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. MORTON SALT, INC.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Rio Tinto
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Edible Salt Market by Type
4.1.1. Iodized
4.1.2. Non-Iodized
4.2. Global Edible Salt Market by Product Type
4.2.1. Sea Salt
4.2.2. Rock Salt
4.2.3. Vacuum Salt
4.3. Global Edible Salt Market by End-User
4.3.1. Food
4.3.2. Chemical
4.3.3. Industrial
4.3.4. Medical
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Alaska Pure Sea Salt Co.
6.2. Ajinomoto Co., Inc.
6.3. AMAGANSETT SEA SALT CO.
6.4. Bajaj Salts Pvt. Ltd.
6.5. Cheetham Salt Ltd.
6.6. Clearspring Ltd.
6.7. Cornish Sea Salt Co. Ltd.
6.8. INFOSA
6.9. Kalahari Pristine Salt Worx.
6.10. K+S Aktiengesellschaft
6.11. Maldon Crystal Salt Co. Ltd.
6.12. Murray River Salt
6.13. Nahta Salt & Chemicals Pvt. Ltd.
6.14. Qinghai Salt Industry Co. Ltd.
6.15. Salins Group
6.16. Salinen Austria Aktiengesellschaft
6.17. SaltWorks, Inc.
6.18. SAN FRANCISCO SALT CO.
6.19. Suhail International
6.20. TCE Group Ltd.
6.21. Tata Chemicals Ltd.
6.22. United Salt Corp.
1. GLOBAL EDIBLE SALT MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
2. GLOBAL EDIBLE IODIZED SALT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL EDIBLE NON-IODIZED SALT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL EDIBLE SALT MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
5. GLOBAL EDIBLE SEA SALT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL EDIBLE ROCK SALT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL EDIBLE VACCUM SALT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL EDIBLE SALT MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
9. GLOBAL EDIBLE SALT FOR FOOD MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL EDIBLE SALT FOR CHEMICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL EDIBLE SALT FOR INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL EDIBLE SALT FOR MEDICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL EDIBLE SALT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
14. NORTH AMERICAN EDIBLE SALT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
15. NORTH AMERICAN EDIBLE SALT MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
16. NORTH AMERICAN EDIBLE SALT MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
17. NORTH AMERICAN EDIBLE SALT MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
18. EUROPEAN EDIBLE SALT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
19. EUROPEAN EDIBLE SALT MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
20. EUROPEAN EDIBLE SALT MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
21. EUROPEAN EDIBLE SALT MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC EDIBLE SALT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC EDIBLE SALT MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
24. ASIA-PACIFIC EDIBLE SALT MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
25. ASIA-PACIFIC EDIBLE SALT MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
26. REST OF THE WORLD EDIBLE SALT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
27. REST OF THE WORLD EDIBLE SALT MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
28. REST OF THE WORLD EDIBLE SALT MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
29. REST OF THE WORLD EDIBLE SALT MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL EDIBLE SALT MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL EDIBLE SALT MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL EDIBLE SALT MARKET, 2021-2027 (%)
4. GLOBAL EDIBLE SALT MARKET SHARE BY TYPE, 2020 VS 2027 (%)
5. GLOBAL EDIBLE IODIZED SALT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL EDIBLE NON-IODIZED SALT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL EDIBLE SALT MARKET SHARE BY PRODUCT TYPE, 2020 VS 2027 (%)
8. GLOBAL EDIBLE SEA SALT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL EDIBLE ROCK SALT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL EDIBLE VACUUM SALT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL EDIBLE SALT MARKET SHARE BY END-USER, 2020 VS 2027 (%)
12. GLOBAL EDIBLE SALT FOR FOOD MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL EDIBLE SALT FOR CHEMICAL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL EDIBLE SALT FOR INDUSTRIAL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL EDIBLE SALT FOR MEDICAL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
16. GLOBAL EDIBLE SALT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
17. US EDIBLE SALT MARKET SIZE, 2020-2027 ($ MILLION)
18. CANADA EDIBLE SALT MARKET SIZE, 2020-2027 ($ MILLION)
19. UK EDIBLE SALT MARKET SIZE, 2020-2027 ($ MILLION)
20. FRANCE EDIBLE SALT MARKET SIZE, 2020-2027 ($ MILLION)
21. GERMANY EDIBLE SALT MARKET SIZE, 2020-2027 ($ MILLION)
22. ITALY EDIBLE SALT MARKET SIZE, 2020-2027 ($ MILLION)
23. SPAIN EDIBLE SALT MARKET SIZE, 2020-2027 ($ MILLION)
24. REST OF EUROPE EDIBLE SALT MARKET SIZE, 2020-2027 ($ MILLION)
25. INDIA EDIBLE SALT MARKET SIZE, 2020-2027 ($ MILLION)
26. CHINA EDIBLE SALT MARKET SIZE, 2020-2027 ($ MILLION)
27. JAPAN EDIBLE SALT MARKET SIZE, 2020-2027 ($ MILLION)
28. SOUTH KOREA EDIBLE SALT MARKET SIZE, 2020-2027 ($ MILLION)
29. REST OF ASIA-PACIFIC EDIBLE SALT MARKET SIZE, 2020-2027 ($ MILLION)
30. REST OF THE WORLD EDIBLE SALT MARKET SIZE, 2020-2027 ($ MILLION)
