Governmental Initiatives In Europe For Reduction Of Per Capita Consumption Of Salt Have Pushed Micronized Market Growth

250 Pages Micronized Salt Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

The report offers actionable and valuable market insights of Micronized Salt. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Micronized Salt Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Micronized Salt market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Micronized Salt

This newly published and insightful report sheds light on Market Insights of Micronized Salt, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Micronized Salt Market.

Demand for micronized salt has seen an upswing in the recent past and is anticipated to continue on this course at a steady clip during the forecast period. A ‘new normal’ has emerged in the meat processing industry with top players increasing the utilization of micronized salt, owing to its high efficacy in usage and increased affordability. Investments have surged considerably in the processed food and meat processing industry which is instrumental in catalyzing the growth of micronized salt market. On this premise, micronized salt market is expected to present an absolute $ opportunity of more than US$ 900 Mn during the forecast period.


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Key Takeaways of the Global Micronized Salt Market

  • Pure micronized salt, with purity of more than 99.5%, is anticipated to maintain its supremacy in the micronized salt market. It is also forecast to show a positive growth trajectory.
  • Asia-Pacific accounts for the largest share in micronized salt market, with China and India together accounting for nearly 30% of the global share.
  • Utilization of micronized salt in bakery and confectionery applications are expected to remain constant in terms of market share. However, they are set to grow 1.3X by 2028 over 2019.
  • Premium grade micronized salts are projected to show moderate growth rate in the market, while value grade micronized salts are expected to present high growth rate during forecast.

“Investments in micronized salt to fit industrial specifications and specific functionalities is expected to increase demand. Companies catering to the food processing industry are expected to gain long term benefits.” says Fact.MR analyst.

Regional Expansion to be Key Forte of Stakeholders

The market of micronized salt is fragmented with top players accounting for nearly 40% revenue share. Top players like Cargill Incorporated, K+S Aktiengesellschaft, Ciech S.A, Tata Chemicals Ltd., AkzoNobel N.V and INEOS group Ltd have focused on increasing their presence in micronized salt market. Some companies have been trying to increase their revenue streams by gaining new contracts in foreign markets, while others are establishing their distribution channels with collaborations with regional suppliers and distributors. These efforts of micronized salt manufacturers are expected to be supplemental to growth of market.

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Global Micronized Salt Market: Segmentation

Segmentation table of the global micronized salt market has been provided below on the basis of Product Type, Application, and Region.

  • By Product Type :

    • Purity 98% – 99.5%
    • Purity Above 99.5%
  • By Application :

    • Bakery & Confectionery Products
    • Meat, Poultry & Sea Foods
    • Milk & Dairy Products
    • Beverages
    • Canned/Preserved Fruits & Vegetables
    • Prepared Meals
    • Others
  • By Region :

    • North America
    • Western Europe
    • South East Asia & Pacific
    • Latin America
    • Eastern Europe
    • MEA
    • China
    • Japan
    • India

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More Valuable Insights on Micronized Salt Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Micronized Salt, Sales and Demand of Micronized Salt, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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