Micronized Salt Market
Micronized Salt Market Forecasts to 2030 - Global Analysis By Grade (Purity 98% - 99.5% and Purity Above 99.5%), Application (Bakery & Confectionery Products, Beverages, Canned/Preserved Fruits & Vegetables, Meat, Poultry & Sea Foods, Prepared Meals and Other Applications) and By Geography
According to Stratistics MRC, the Global Micronized Salt Market is accounted for $2.75 billion in 2023 and is expected to reach $4.02 billion by 2030 growing at a CAGR of 5.6% during the forecast period. The micronized salt market refers to the sector of the salt industry that involves the production and sale of finely powdered salt particles. Micronized salt is processed to achieve a uniform particle size significantly smaller than traditional salt crystals, typically ranging from 10 to 50 microns. This fine texture enhances its solubility and dispersibility, making it ideal for various applications such as food processing, pharmaceuticals, and industrial manufacturing.
According to the U.S. Center for Diseases Prevention & Control 2015 to 2020 Dietary Guidelines for Americans, the daily sodium requisite for Americans is below 2,300 mg to maintain their health, which is 3,400 mg.
Market Dynamics:
Driver:
Growing demand for processed foods
Processed foods often require salt as a crucial ingredient for flavor enhancement, preservation, and texture modification. Micronized salt, with its fine particle size, offers several advantages in the processing of such foods. Its smaller particle size allows for better integration into food formulations, resulting in enhanced taste consistency and texture. Moreover, micronized salt dissolves quickly, ensuring uniform distribution throughout the product, which is particularly beneficial for processed food manufacturers aiming for precise flavor profiles.
Restraint:
Price sensitivity
Micronized salt, being a premium product, often commands a higher price compared to traditional salt varieties. This pricing dynamic makes consumers more conscious of their spending, particularly in regions where economic conditions are volatile or disposable income is limited. As a result, consumers may opt for cheaper alternatives or reduce their overall consumption of micronized salt, leading to fluctuations in demand. However, price sensitivity influences purchasing decisions among manufacturers and food processors who may seek cost-effective alternatives for ingredient sourcing.
Opportunity:
Technological advancements in salt processing
These innovations entail the development of sophisticated machinery and processes aimed at enhancing the efficiency, purity, and quality of micronized salt. Advanced techniques such as micronization, which involves reducing salt particles to micron size through specialized milling equipment, have enabled manufacturers to produce salt with superior uniformity and consistency, catering to diverse industrial and consumer demands. Additionally, modern processing technologies offer benefits such as improved solubility, flowability, and dispersion characteristics, expanding the applicability of micronized salt across various sectors including food processing, pharmaceuticals, and water treatment.
Threat:
Health concerns
While salt is an essential nutrient, excessive consumption can lead to health issues such as hypertension, cardiovascular diseases, and kidney problems. Micronized salt, with its finer particles, can contribute to a higher intake of sodium due to increased surface area, potentially exacerbating these health concerns. The micronization process may involve additives or chemicals that could further compromise its health benefits. However, consumers are becoming increasingly aware of the adverse effects of excessive salt intake and are seeking healthier alternatives.
Covid-19 Impact:
The increased focus on hygiene and sanitation measures during the pandemic has led to a surge in demand for salt-based disinfectants and sanitizers, thereby boosting the market for micronized salt used in these products. Disruptions in the supply chain, logistical challenges, and temporary shutdowns of manufacturing facilities have hindered the production and distribution of micronized salt. However, reduced workforce availability, limitations in raw material procurement, and logistical hurdles further compounded the situation.
The Purity 98% - 99.5% segment is expected to be the largest during the forecast period
Purity 98% - 99.5% segment is expected to be the largest during the forecast period. Consumers are increasingly seeking healthier alternatives to traditional table salt, driving the demand for purer salt options with reduced impurities. This segment caters to health-conscious individuals who prioritize product purity and are willing to invest in higher-quality salts. Moreover, micronized salt with higher purity levels offers enhanced solubility and flavor dispersion, making it desirable for various food applications, including seasoning, baking, and food preservation. Additionally, the growing trend of gourmet cooking and culinary innovation has spurred the demand for premium salts, further fueling the growth of this segment.
The Meat, Poultry & Sea Foods segment is expected to have the highest CAGR during the forecast period
Meat, Poultry & Sea Foods segment is expected to have the highest CAGR during the forecast period. Micronized salt, with its fine particle size and enhanced solubility, is increasingly being utilized in various processes within the meat, poultry, and seafood industry. It serves as a crucial ingredient in brines, marinades, and seasoning blends, where its rapid dissolution and uniform distribution play a vital role in flavor enhancement, moisture retention, and texture improvement of the final products. Moreover, micronized salt offers better adherence to meat surfaces, facilitating uniform curing and seasoning, which is particularly beneficial in processed meat and seafood products.
Region with largest share:
Asia Pacific region is projected to hold largest share over the extrapolated period. Micronization technology, which involves reducing salt particles to extremely fine sizes, has revolutionized the industry by enhancing solubility, dispersibility, and overall product performance in the region. Manufacturers continually invest in research and development to introduce innovative formulations and applications, such as micronized salt blends tailored for specific culinary or industrial uses. Additionally, these innovations in the region not only improve product functionality but also address health and sustainability concerns, such as reducing sodium content without compromising taste or texture. These elements are boosting regional growth.
Region with highest CAGR:
Europe region is projected to hold profitable growth over the projected period. Stricter regulations regarding the reduction of sodium intake have prompted manufacturers to develop innovative solutions such as micronized salt, which offers the same taste with reduced sodium content. These regulations aim to address health concerns related to high sodium consumption, including hypertension and cardiovascular diseases. Additionally, the European Union's stringent food safety standards necessitate the use of safer and healthier alternatives in food production. As a result, the demand for micronized salt as a viable substitute for traditional salt has surged, driving market growth.
Key players in the market
Some of the key players in Micronized Salt market include ACI Limited, Cargill, Inc, Cerebos Ltd, Cheetham Salt Limited, Ciech S.A, Compass Minerals America, Inc, Dominion Salt Limited, Kensalt Ltd, Morton Salt, Inc, Nirma Limited, Tata Chemicals Ltd, WA Salt Group and Wilson Salt Limited.
Key Developments:
In February 2024, ACI Foods Limited, a subsidiary of ACI Limited, announces the launch of the first-ever fortified cupcake range under its renowned Fun Snacks brand. The event, held at the ACI Center in Tejgaon, Dhaka, marked a significant milestone in the company's commitment to providing nutritious and delicious food for consumers.
In February 2023, Cargill Food Ingredients and Bioindustrials, through its recently acquired production unit at Nellore in Andhra Pradesh, plans to widen its customer base and distribution network in South India, with a new range of products.
Grades Covered:
• Purity 98% - 99.5%
• Purity Above 99.5%
Applications Covered:
• Bakery & Confectionery Products
• Beverages
• Canned/Preserved Fruits & Vegetables
• Meat, Poultry & Sea Foods
• Prepared Meals
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Micronized Salt Market, By Grade
5.1 Introduction
5.2 Purity 98% - 99.5%
5.3 Purity Above 99.5%
6 Global Micronized Salt Market, By Application
6.1 Introduction
6.2 Bakery & Confectionery Products
6.3 Beverages
6.4 Canned/Preserved Fruits & Vegetables
6.5 Meat, Poultry & Sea Foods
6.6 Prepared Meals
6.7 Other Applications
7 Global Micronized Salt Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 ACI Limited
9.2 Cargill, Inc
9.3 Cerebos Ltd
9.4 Cheetham Salt Limited
9.5 Ciech S.A
9.6 Compass Minerals America, Inc
9.7 Dominion Salt Limited
9.8 Kensalt Ltd
9.9 Morton Salt, Inc
9.10 Nirma Limited
9.11 Tata Chemicals Ltd
9.12 WA Salt Group
9.13 Wilson Salt Limited
List of Tables
1 Global Micronized Salt Market Outlook, By Region (2021-2030) ($MN)
2 Global Micronized Salt Market Outlook, By Grade (2021-2030) ($MN)
3 Global Micronized Salt Market Outlook, By Purity 98% - 99.5% (2021-2030) ($MN)
4 Global Micronized Salt Market Outlook, By Purity Above 99.5% (2021-2030) ($MN)
5 Global Micronized Salt Market Outlook, By Application (2021-2030) ($MN)
6 Global Micronized Salt Market Outlook, By Bakery & Confectionery Products (2021-2030) ($MN)
7 Global Micronized Salt Market Outlook, By Beverages (2021-2030) ($MN)
8 Global Micronized Salt Market Outlook, By Canned/Preserved Fruits & Vegetables (2021-2030) ($MN)
9 Global Micronized Salt Market Outlook, By Meat, Poultry & Sea Foods (2021-2030) ($MN)
10 Global Micronized Salt Market Outlook, By Prepared Meals (2021-2030) ($MN)
11 Global Micronized Salt Market Outlook, By Other Applications (2021-2030) ($MN)
12 North America Micronized Salt Market Outlook, By Country (2021-2030) ($MN)
13 North America Micronized Salt Market Outlook, By Grade (2021-2030) ($MN)
14 North America Micronized Salt Market Outlook, By Purity 98% - 99.5% (2021-2030) ($MN)
15 North America Micronized Salt Market Outlook, By Purity Above 99.5% (2021-2030) ($MN)
16 North America Micronized Salt Market Outlook, By Application (2021-2030) ($MN)
17 North America Micronized Salt Market Outlook, By Bakery & Confectionery Products (2021-2030) ($MN)
18 North America Micronized Salt Market Outlook, By Beverages (2021-2030) ($MN)
19 North America Micronized Salt Market Outlook, By Canned/Preserved Fruits & Vegetables (2021-2030) ($MN)
20 North America Micronized Salt Market Outlook, By Meat, Poultry & Sea Foods (2021-2030) ($MN)
21 North America Micronized Salt Market Outlook, By Prepared Meals (2021-2030) ($MN)
22 North America Micronized Salt Market Outlook, By Other Applications (2021-2030) ($MN)
23 Europe Micronized Salt Market Outlook, By Country (2021-2030) ($MN)
24 Europe Micronized Salt Market Outlook, By Grade (2021-2030) ($MN)
25 Europe Micronized Salt Market Outlook, By Purity 98% - 99.5% (2021-2030) ($MN)
26 Europe Micronized Salt Market Outlook, By Purity Above 99.5% (2021-2030) ($MN)
27 Europe Micronized Salt Market Outlook, By Application (2021-2030) ($MN)
28 Europe Micronized Salt Market Outlook, By Bakery & Confectionery Products (2021-2030) ($MN)
29 Europe Micronized Salt Market Outlook, By Beverages (2021-2030) ($MN)
30 Europe Micronized Salt Market Outlook, By Canned/Preserved Fruits & Vegetables (2021-2030) ($MN)
31 Europe Micronized Salt Market Outlook, By Meat, Poultry & Sea Foods (2021-2030) ($MN)
32 Europe Micronized Salt Market Outlook, By Prepared Meals (2021-2030) ($MN)
33 Europe Micronized Salt Market Outlook, By Other Applications (2021-2030) ($MN)
34 Asia Pacific Micronized Salt Market Outlook, By Country (2021-2030) ($MN)
35 Asia Pacific Micronized Salt Market Outlook, By Grade (2021-2030) ($MN)
36 Asia Pacific Micronized Salt Market Outlook, By Purity 98% - 99.5% (2021-2030) ($MN)
37 Asia Pacific Micronized Salt Market Outlook, By Purity Above 99.5% (2021-2030) ($MN)
38 Asia Pacific Micronized Salt Market Outlook, By Application (2021-2030) ($MN)
39 Asia Pacific Micronized Salt Market Outlook, By Bakery & Confectionery Products (2021-2030) ($MN)
40 Asia Pacific Micronized Salt Market Outlook, By Beverages (2021-2030) ($MN)
41 Asia Pacific Micronized Salt Market Outlook, By Canned/Preserved Fruits & Vegetables (2021-2030) ($MN)
42 Asia Pacific Micronized Salt Market Outlook, By Meat, Poultry & Sea Foods (2021-2030) ($MN)
43 Asia Pacific Micronized Salt Market Outlook, By Prepared Meals (2021-2030) ($MN)
44 Asia Pacific Micronized Salt Market Outlook, By Other Applications (2021-2030) ($MN)
45 South America Micronized Salt Market Outlook, By Country (2021-2030) ($MN)
46 South America Micronized Salt Market Outlook, By Grade (2021-2030) ($MN)
47 South America Micronized Salt Market Outlook, By Purity 98% - 99.5% (2021-2030) ($MN)
48 South America Micronized Salt Market Outlook, By Purity Above 99.5% (2021-2030) ($MN)
49 South America Micronized Salt Market Outlook, By Application (2021-2030) ($MN)
50 South America Micronized Salt Market Outlook, By Bakery & Confectionery Products (2021-2030) ($MN)
51 South America Micronized Salt Market Outlook, By Beverages (2021-2030) ($MN)
52 South America Micronized Salt Market Outlook, By Canned/Preserved Fruits & Vegetables (2021-2030) ($MN)
53 South America Micronized Salt Market Outlook, By Meat, Poultry & Sea Foods (2021-2030) ($MN)
54 South America Micronized Salt Market Outlook, By Prepared Meals (2021-2030) ($MN)
55 South America Micronized Salt Market Outlook, By Other Applications (2021-2030) ($MN)
56 Middle East & Africa Micronized Salt Market Outlook, By Country (2021-2030) ($MN)
57 Middle East & Africa Micronized Salt Market Outlook, By Grade (2021-2030) ($MN)
58 Middle East & Africa Micronized Salt Market Outlook, By Purity 98% - 99.5% (2021-2030) ($MN)
59 Middle East & Africa Micronized Salt Market Outlook, By Purity Above 99.5% (2021-2030) ($MN)
60 Middle East & Africa Micronized Salt Market Outlook, By Application (2021-2030) ($MN)
61 Middle East & Africa Micronized Salt Market Outlook, By Bakery & Confectionery Products (2021-2030) ($MN)
62 Middle East & Africa Micronized Salt Market Outlook, By Beverages (2021-2030) ($MN)
63 Middle East & Africa Micronized Salt Market Outlook, By Canned/Preserved Fruits & Vegetables (2021-2030) ($MN)
64 Middle East & Africa Micronized Salt Market Outlook, By Meat, Poultry & Sea Foods (2021-2030) ($MN)
65 Middle East & Africa Micronized Salt Market Outlook, By Prepared Meals (2021-2030) ($MN)
66 Middle East & Africa Micronized Salt Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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