Global Edible Salt Market will propel to garner USD 12,466.9 Mn, with a CAGR of 4.6% by 2025
05 June 2018
Edible salt is a crystalline solid, white, pale pink or light grey in color, derived from the mining (rock salt) or evaporation of sea water. Edible salts have different types based on its geographic origin, method of preparation, natural impurities, additives, flavorings etc. Edible salt, also called tale salt or just salt, which is a nothing but a mineral. Unrefined salt, refined salt, table salt or iodized salt are some of the types of the edible salt. Edible salt is mainly used in food industry.
The global edible salt market is segmented into product, application and regional segments. The product segment is segmented into crude salt, refined salt and others. Retail (packed edible salts), food service companies and food and beverage manufacturers are the end-users of edible salt. The benefits of edible salt such as to increase the food flavor, thyroid problems from an iodine deficiency etc. Growing food industry all over the world helps to drive this market at fast pace. Increasing globalization, hotels, restaurants, and tourist business in developed as well as developing countries drives the market.
In terms of volume, global edible salt market in 2016 stood at 55.55 million tons and is expected to reach 72.16 million tons by 2025 growing at a CAGR of 4.5% from 2018 to 2025. In terms of revenue, global edible salt market in 2016 stood at USD 9,557.9 Mn and is expected to reach USD 12,466.9 Mn by 2025 growing at a CAGR of 4.6% from 2018 to 2025. In terms of revenue, the global edible salt market is dominated by the refined salt product which accounted for around 69.83% share of the total market in 2016. In the same year, retail (packed edible salts) application is the largest application segment of the edible salt market and it accounted for approximately 43.91% share of the total market in terms of revenue.
China dominated the global edible salt market due to the growing food industry in the region. In addition, high production of edible salt in the China and Asian countries like Japan, India helps to grow the market in coming years.
China Salt, Morton salt, Compass Minerals, Cargill, NAIKAI, Nihonkaisui, DIASALT, ICI and Berchtesgaden Salins Group are some leading vendors of this market.
The global edible salt market is segmented as follows:
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