Global Micronized Salt Market, By Grades (98%-99.5% Purity and Above 99.5% Purity), By Applications (Chocolate & Patisserie, Bakery, Functional Food, Dairy, Dairy, Processed Meat, Poultry & Seafood, Preserved/Preserved Fruit - and Vegetables, prepared foods, beverages and others) By region (North America, Latin America, Europe, Asia. Pacific, Middle East and Africa) - Industry trends and forecast to 2030.
Global Micronized Salt Market
Global Micronized Salt Market is expected to reach USD 2.58 billion by 2022, which will reach USD 4.12 million in 2030, registering a CAGR of 6.02% during the forecast period 2023-2030.
Micronized salt is finely ground salt granules that have been ground and ground to increase solubility. The product is made by evaporating salt water in an artificial vacuum into very pure salt crystals. This method is very useful because the salt produced is more than 98% pure. The application of pressure lowers the temperature required for such efficient vaporization.
Market Drivers
Various health benefits associated with the product. The rise in popularity of ready-to-eat foods and the development of convenience foods due to a fast-paced lifestyle have increased the availability of ketogenic products and brought excitement to the market. Additionally, one of the factors driving the market is the introduction of many nutritional and pharmaceutical supplements that are rich in micronized foods and offer various benefits such as cancer prevention, cognitive properties and anti-inflammatory properties. Technological advances to improve the nutritional value of products
Manufacturers are adopting cutting-edge technological solutions to improve the nutritional value of processed foods, thereby increasing demand. Additionally, growth in global retail trade and rising consumer disposable income are expected to have a positive impact on the production and marketing of micronized salts for food worldwide. In the near future, the growth of the global micronized table salt market is expected to accelerate due to the exponentially increasing demand for processed foods from the growing global population.
Market Restraints
Strict regulations and presence of substitutes. Implementation of sodium intake regulations and availability of salt substitutes are expected to hinder the growth of the micronized salt market. Technological advancement and introduction of other salts will challenge the micronized salt market during the forecast period. This Micronized Salt for Food Market report includes information on new recent developments, business rules, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and local market players, analyzes opportunities based on new revenue pockets and changes. in market regulation, strategic market growth analysis, market size, category market growth, application niches and governance, product approval, product launch, geographic expansion, technological innovations in the market.
Market Opportunities
Consumer awareness and health benefits The increased demand for micronized food has attracted many major market players as well as domestic players such as retailers, wholesalers, suppliers and others. Consumer awareness of the health benefits of low sodium in foods is expected to drive the growth of the micronized foods market in the processed food industry. Eating micronized food reduces the risk of heart attacks and is rich in antioxidants. Micronized food is used to treat gout and arrhythmias in patients with low blood potassium levels. All the major players in the micronized nutritional supplements market have a good opportunity to increase their market share.
Impact of COVID-19
Due to the strict lockdown imposed after the introduction of COVID-19, most of the clients around the world followed strict training and nutrition from the comfort of their homes. As a result, many social media platforms and online health education websites have promoted the consumption of nutritious foods to aid weight loss. As a result, the consumption of keto-based foods and drinks has increased, and the trend will continue in the future. Obesity can also reduce lung capacity and make breathing more difficult in patients with COVID-19. The aforementioned factors suggest that there will be a high demand for health and immunity products in the coming years, which will positively affect the market share of the micronized food.
Market Segmentation
Global Micronized Salt Market is segmented on the basis of By Grades, By Applications
Based on the By Grades market is segmented into98%-99.5% Purity and Above 99.5% Purity. Further market is segmented into By Applications market is segmented into Chocolate & Patisserie, Bakery, Functional Food, Dairy, Dairy, Processed Meat, Poultry & Seafood, Preserved/Preserved Fruit - and Vegetables, prepared foods, beverages and others.
Regional Analysis
Global Micronized Salt Market is segmented into five main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. China dominates the Asia-Pacific food micronized salt market, which is growing at the fastest CAGR due to new opportunities for the use of micronized salt in the food and beverage industry. The US dominates the North American food micronized salt market as the bakery and beverage segments mostly use micronized salt.
Key Players
Various key players are listed in this report such as DuPont, ADM, Tate & Lyle, Ingredion Incorporated, Cargill Incorporated, Roquette Frères, PureCircle Ltd, MacAndrews & Forbes Holdings Inc, JK Sucralose Inc, Ajinomoto Co Südzucker AG.
Market Taxonomy
By Grades
• 98%-99.5% Purity
• Above 99.5% Purity
By Applications
• Chocolate & Patisserie
• Bakery
• Functional Food
• Dairy
• Dairy Processed Meat
• Poultry & Seafood
• Preserved/Preserved Fruit - and Vegetables
• Prepared foods
• Beverages and others
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Micronized Salt Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
Global Micronized Salt Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Micronized Salt Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn.
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Micronized Salt Market, By Grades
5.1 Y-o-Y Growth Comparison, By Grades
5.2 Global Micronized Salt Market Share Analysis, By Grades
5.3 Global Micronized Salt Market Size and Forecast, By Grades
5.3.1 98%-99.5% Purity
5.3.2 Above 99.5% Purity
6 Global Micronized Salt Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Micronized Salt Market Share Analysis, By Application
6.3 Global Micronized Salt Market Size and Forecast, By Application
6.3.1 Chocolate & Patisserie
6.3.2 Bakery
6.3.3 Functional Food
6.3.4 Dairy
6.3.5 Dairy Processed Meat
6.3.6 Poultry & Seafood Preserved/Preserved Fruit - and Vegetables
6.3.7 Prepared foods
6.3.8 Beverages and others
7 Global Micronized Salt Market, By Region
7.1 Global Micronized Salt Market Share Analysis, By Region
7.2 Global Micronized Salt Market Size and Forecast, By Region
7.3 Global Micronized Salt Market Trends and Forecast, By Region
8 North America Micronized Salt Market Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Micronized Salt Market Share Analysis, By Grades
8.3 North America Micronized Salt Market Size and Forecast, By Application
8.4 North America Micronized Salt Market Size and Forecast, By Country
8.4.1 U.S.
8.4.1.1. Market Size and Forecast, By Grades
8.4.1.2 Market Size and Forecast, By Application
8.4.2 Canada
8.4.2.1. Market Size and Forecast, By Grades
8.4.2.2 Market Size and Forecast, By Application
8.4.3 Mexico
8.4.3.1. Market Size and Forecast, By Grades
8.4.3.2 Market Size and Forecast, By Application
9 Europe Micronized Salt Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Micronized Salt Market Share Analysis, By Grades
9.3 Europe Micronized Salt Market Size and Forecast, By Application
9.4 Europe Micronized Salt Market Size and Forecast, By Country
9.4.1 Germany
9.4.1.1. Market Size and Forecast, By Grades
9.4.1.2 Market Size and Forecast, By Application
9.4.2 France
9.4.2.1. Market Size and Forecast, By Grades
9.4.2.2 Market Size and Forecast, By Application
9.4.3 UK
9.4.3.1. Market Size and Forecast, By Grades
9.4.3.2 Market Size and Forecast, By Application
9.4.4. Russia
9.4.4.1. Market Size and Forecast, By Grades
9.4.4.2 Market Size and Forecast, By Application
9.4.5. Italy
9.4.5.1. Market Size and Forecast, By Grades
9.4.5.2 Market Size and Forecast, By Application
9.4.6. Spain
9.4.6.1. Market Size and Forecast, By Grades
9.4.6.2 Market Size and Forecast, By Application
9.4.7. Rest of Europe
9.4.7.1. Market Size and Forecast, By Grades
9.4.7.2 Market Size and Forecast, By Application
10 Asia Pacific Micronized Salt Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Micronized Salt Market Share Analysis, By Grades
10.3 Asia Pacific Micronized Salt Market Size and Forecast, By Application
10.4 Asia Pacific Micronized Salt Market Size and Forecast, By Country
10.4.1 China
10.4.1.1. Market Size and Forecast, By Grades
10.4.1.2 Market Size and Forecast, By Application
10.4.2 Japan
10.4.2.1. Market Size and Forecast, By Grades
10.4.2.2 Market Size and Forecast, By Application
10.4.3 India
10.4.3.1. Market Size and Forecast, By Grades
10.4.3.2 Market Size and Forecast, By Application
10.4.4. South Korea
10.4.4.1. Market Size and Forecast, By Grades
10.4.4.2 Market Size and Forecast, By Application
10.4.5. Australia
10.4.5.1. Market Size and Forecast, By Grades
10.4.5.2 Market Size and Forecast, By Application
10.4.6. New Zealand
10.4.6.1. Market Size and Forecast, By Grades
10.4.6.2 Market Size and Forecast, By Application
10.4.7. Singapore
10.4.7.1. Market Size and Forecast, By Grades
10.4.7.2 Market Size and Forecast, By Application
10.4.8. Malaysia
10.4.8.1. Market Size and Forecast, By Grades
10.4.8.2 Market Size and Forecast, By Application
10.4.9. Rest of Asia
10.4.9.1. Market Size and Forecast, By Grades
10.4.9.2 Market Size and Forecast, By Application
11 Latin America Micronized Salt Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Micronized Salt Market Share Analysis, By Grades
11.3 Latin America Micronized Salt Market Size and Forecast, By Application
11.4 Latin America Micronized Salt Market Size and Forecast, By Country
11.4.1 Brazil
11.4.1.1. Market Size and Forecast, By Grades
11.4.1.2 Market Size and Forecast, By Application
11.4.2 Argentina
11.4.2.1. Market Size and Forecast, By Grades
11.4.2.2 Market Size and Forecast, By Application
11.4.3. Colombia
11.4.3.1. Market Size and Forecast, By Grades
11.4.3.2 Market Size and Forecast, By Application
11.4.4. Peru
11.4.4.1. Market Size and Forecast, By Grades
11.4.4.2 Market Size and Forecast, By Application
11.4.5. Chile
11.4.5.1. Market Size and Forecast, By Grades
11.4.5.2 Market Size and Forecast, By Application
11.4.6. Venezuela
11.4.6.1. Market Size and Forecast, By Grades
11.4.6.2 Market Size and Forecast, By Application
11.4.7. rest of Latin America
11.4.7.1. Market Size and Forecast, By Grades
11.4.7.2 Market Size and Forecast, By Application
12 Middle East Micronized Salt Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Micronized Salt Market Share Analysis, By Grades
12.3 Middle East Micronized Salt Market Size and Forecast, By Application
12.4 Middle East Micronized Salt Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.1.1. Market Size and Forecast, By Grades
12.4.1.2 Market Size and Forecast, By Application
12.4.2 UAE
12.4.2.1. Market Size and Forecast, By Grades
12.4.2.2 Market Size and Forecast, By Application
12.4.3 Egypt
12.4.3.1. Market Size and Forecast, By Grades
12.4.3.2 Market Size and Forecast, By Application
12.4.4 Kuwait
12.4.4.1. Market Size and Forecast, By Grades
12.4.4.2 Market Size and Forecast, By Application
12.4.5 South Africa
12.4.5.1. Market Size and Forecast, By Grades
12.4.5.2 Market Size and Forecast, By Application
12.4.5 Rest of Middle East & Africa
12.4.6. Market Size and Forecast, By Grades
12.4.6 Market Size and Forecast, By Application
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 DuPont
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 ADM
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Tate & Lyle
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4. Ingredion Incorporated
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Cargill Incorporated
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Roquette Frères
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 PureCircle Ltd
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 MacAndrews & Forbes Holdings Inc
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 JK Sucralose Inc
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Ajinomoto Co
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
