By Persistence Market Research
Micronized salt finds a broad spectrum of application in the food and beverage industry, on the back of its finely powdered form utilized to achieve enhanced solubility. With the fast-track lifestyle led by the consumers, demand for ready-to-eat food products has been widely prevalent. As a result, there has been an increase in the demand for a longer shelf life of food products, which is fulfilled by micronized salt.
The increasing popularity of micronized salt in the processed food industry can be attributed to its consistency and purity. In addition to the processed food, micronized salt deemed as an ideal flavoring agent extends the shelf life of vegetables and meat. Extensive use of micronized salt in end-use applications such as milk and dairy products, bakery and confectionery products, and beverages is expected to drive steady growth to the global micronized salt market.
As micronized salt has a purity level of about 98%, the manufacturers of the industry are rapidly replacing the traditional solar salt with micronized salt, in order to curtail the impurity level and have high efficiency for numerous food & beverage applications. A host of these factors are predicted to fuel the growth of the global micronized salt market with a promising CAGR of 3.6% and a value of US$ 3,305.8 Mn by the end of 2028.
Emergence of Salt Replacers to Negatively Impact the Growth of the Global Micronized Salt Market
According to the 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 as reported by the U.S. Center for Diseases Prevention & Control. Rising health consciousness among consumers has encouraged them to adopt salt replacers since high consumption of sodium leads to numerous sedentary diseases.
With the convergence of technology and food industry, manufacturers of the micronized salt market have been successful in eliminating the bitter flavor of potassium salt by utilizing bitterness blockers. This is anticipated to be rapidly adopted by the salt sensitive population of the world and in turn, challenge the growth of the global micronized salt market.
Bakery and Confectionery Products Hold the Largest Share in the Micronized Salt Market among the Other Segments
Depending on the end-use applications, the global micronized salt market has been bifurcated into bakery and confectionery products, milk and dairy products, meat, seafood and poultry, beverages, prepared meals, and preserved fruits and vegetables. On the whole, bakery and confectionery products hold the largest share in the global micronized salt market with an estimated valuation of US$692.4 Mn through 2028, owing to the rising demand for cakes, breads, and similar baked products.
North America to Remain the Most Revenue-generating Region for the Global Micronized Salt Market.
Based on the regions, the micronized salt market is fragmented into India, Japan, China, the Middle East and Africa, Eastern Europe, Latin America, South East Asia and Pacific, Western Europe, and North America. Among these regions, North America remains the prime revenue-generating region for the global micronized salt market, owing to the high consumption of processed food in this region.
Leading Players Transforming the Landscape of the Global Micronized Salt Market
According to the report, the leading players of the micronized salt market consists of K+S Aktiengesellschaft, Tata Chemicals Ltd., Ciech S.A., AkzoNobel N.V., Dominion Salt Limited, INEOS Group Limited, AB Hanson and Mohring, Cheetham Salt Limited, Kensalt Ltd., WA Salt Group, ACI Limited, Nirma Limited, Cerebos Ltd, Infosa, Zoutman NV, China Salt Jintan Co., Ltd., BGR International Ltd., Suedwestdeutsche Salzwerke AG, Australian Saltworks, GHCL Ltd., Cargill Inc., Keya Foods, Marico Limited, and Kutch Brine Chem Industries, among others. An in-depth analysis of each of these regions, along with their business strategies and recent developments happening in the micronized salt market has been incorporated in the study.