How large is the salt market, and what is its growth trajectory?
The salt market size has grown strongly in recent years. It will grow from $45.74 billion in 2024 to $50.08 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to food processing industry, chemical industry, de-icing and snow removal, water treatment, livestock and agriculture.
The salt market size is expected to see strong growth in the next few years. It will grow to $68.06 billion in 2029 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to growing food industry, urbanization and infrastructure development, water scarcity solutions, health and wellness trends, livestock and aquaculture. Major trends in the forecast period include rising demand in developing regions, application in non-food industries, packaging innovations, traceability and transparency, salt alternatives and substitutes.
Get Your Free Sample of The Global Salt Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6836&type=smp
Which industry factors have accelerated the salt market’s expansion?
Increasing demand for mining is expected to propel the growth of the salt market going forward. Mining involves retrieving valuable minerals or other geological materials from the Earth’s surface or beneath its crust. Salt solutions are used in mining to freeze the ground temporarily in open-pit mines. This allows for excavation in soft or unstable zones that would otherwise be risky. For instance, in February 2023, according to a report published by the United States Geological Survey, a US-based government agency, mines in the United States yielded non-fuel mineral commodities with a total estimated value of approximately $98.2 billion in 2022, marking a $3.6 billion increase from the revised 2021 total of $94.6 billion. The production value of all industrial minerals in the U.S. for 2022 was estimated at $63.5 billion, constituting roughly 65% of the overall mine production value in the country. Therefore, increasing demand for mining is driving the growth of the salt market.
What are the primary segments of the salt market?
The salt market covered in this report is segmented –
1) By Type: Rock Salt, Salt In Brine, Solar Salt, and Vacuum Pan Salt
2) By Mining Type: Underground Mining, Surface Mining
Subsegments:
1) By Rock Salt: Crushed Rock Salt, Granular Rock Salt
2) By Salt In Brine: Concentrated Brine, Diluted Brine
3) By Solar Salt: Natural Solar Salt, Refined Solar Salt
4) By Vacuum Pan Salt: Food Grade Vacuum Pan Salt, Industrial Grade Vacuum Pan Salt
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/salt-global-market-report
Which firms are leading the salt market?
Major companies operating in the salt market include Cargill Inc., China National Salt Industry Corporation, Tata Chemicals Limited, Rio Tinto plc, Gujarat Narmada Valley Fertilizers & Chemicals Ltd., Akzonobel N V, Tosoh Corporation, K+S AG, Nippon Soda Co. Ltd., Compass Minerals International Inc., Infosa, Les Salins du Midi et des Alpes, Toyo Soda Mfg. Co. Ltd., Morton Salt Inc., Diamond Crystal Brands, Salt Lake Minerals Ltd., Schweizer Salinen AG, Avery Salt Company, United Salt Corp., Sambhar Salts Limited, National Salt Company Ltd., Salinen Austria AG, Hindustan Salt Limited, Salinera Española S.A., CIECH S.A., Waggar Salt Limited, Adolph’s International Inc., Salsomaggiore Terme S.p.A., Dead Sea Works Ltd.
Which market trends are set to define the future of the salt market?
Major companies operating in the salt market are focusing on developing innovative solutions, such as pink salt, to cater to the growing consumer demand for natural and health-oriented products. Pink salt primarily refers to Himalayan pink salt, which is a naturally occurring mineral salt harvested from the Khewra Salt Mine in Pakistan, located near the Himalayas. For instance, in May 2024, ITC Limited, an India-based conglomerate company, launched Himalayan Pink Salt, a new product that emphasizes purity and natural sourcing. This salt, also known as Sendha Namak or Saindhava Lavana in India, is sourced from Himalayan salt mines and is characterized by its naturally deep pink color due to the high-quality sourcing, with no added colors.
Which geographic trends are shaping the salt market, and which region has the highest market share?
The countries covered in the salt market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
What Does The Salt Market Report 2025 Offer?
The salt market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Salt refers to the process of extracting halite, commonly known as rock salt, from evaporating formations that are used to mine salt.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6836
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
