Micronized Salt Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2028

Published on : Feb-2020 | List of Tables : 120 | List of Figures : 137 | No. of Pages : 170 | Report Code : FACT4568MR |

Micronized Salt Market to Record 3% Growth on Back of Reduced Salt Consumption

Micronized salt market has shown a moderate growth trend of more than 3% during 2014 to 2018. Governmental initiatives in Europe and North America for reduction of per capita consumption of salt have pushed market growth. To address the issue, food product manufacturers and food processors have been shifting from traditional salt variants to micronized salt usage, to reduce the amount of salt in their products. Proven efficacy and compliance with existing industrial processes has been instrumental in this transition towards micronized salt. With increasing government intervention to limit over consumption of traditional salt, market for micronized salts is expected to stay steady on its course and register a CAGR higher than 3% during the forecast.

 Micronized Salt with More than 99.5% Purity to Remain in Forefront

In 2019, micronized salt with more than 99.5% purity, accounted for a majority of the market share. Utilization of micronized salts with high purity in preservatives has been one of the key factors for proliferating demand. Extensive utilization in bakery and confectionery for preparation of baked goods, snacks and other products and a shift towards micronized salts with high efficacy is expected to be supplemental to the growth of high purity micronized salt. Micronized salt with high purity is anticipated to gain market share lost by micronized salt with purity of 98% to 99.5% during forecast period. Micronized salt with high purity is expected to grow 1.4X by 2028 over the market value in 2019.

Asia-Pacific to Stay in Vanguard in Micronized Salt Market

Asia-Pacific is one of the top regions for micronized salt market, with high production and consumption. Currently China and India together are estimated to account for nearly 30% share in the global micronized salt market. High demand growth from Asia-Pacific region is anticipated over the forecast period, with multi-national companies investing in local suppliers and distributors, to generate new revenue streams. Growth of food processing industry in ASEAN countries and India is expected to supplement this growth. The region is projected to hold majority share by growing 1.5X over the forecast period.

micronized salt market potential relative to food grade salt market by region

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Government Regulations over Animal Feed to Give Impetus to Micronized Salt Demand

While traditional salts of varying purity has been used in manufacturing animal feed, imposition of maximum residual limits and regulations over usage of chemicals are being implemented. Micronized salts offering high consistency and high purity level after usage, demand in animal feed is expected to increase. Currently high cost in usage of micronized salt has been one of the impeding factors and development of affordable micronized salt for animal feed usage is expected to be a prominent opportunity for manufacturers.

Market to Witness High Fragmentation with Proliferation of Local and Medium Scale Manufacturers

Micronized Salt market is fragmented with high concentration of local and domestic players who account for nearly 60% share in the market. Micronized salt market is also seeing multiple domestic players such as BGR International Ltd., Mevi Vacuum Salts, Inc., Cheetham Salt Limited, Kensalt Ltd., and Zoutman NV expanding their reach in various domestic markets. Top manufacturers have been trying to gain ground in the market with regional expansion. . Micronized salts market top players will account for more than 40% share by the end of forecast period.

micronized salt market competition analysis

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Global Micronized Salt Market – Scope of the Report

The micronized salt market is anticipated to observe a significant growth in the forecast period of 2019 to 2028, according to a Fact.MR study. The study propounds key trends that are currently shaping the growth of the micronized salt market. This newly published and insightful report sheds light on the key dynamics, which are expected to transform the future of the micronized salt market. This, in turn, is creating flourishing avenues for prominent companies as well as emerging players associated with the manufacturing of micronized salt.

The micronized salt market study is a sinuous market intelligence on the key drivers, challenges, industry trends and opportunities, which is likely to influence growth trajectory of the micronized salt market. The report initially imparts an overview of the micronized salt market, considering current and future prospects in growth, to unveil attractive facets pertaining to the adoption of micronized salt across key regional markets.

An in-depth assessment on few of the micronized salt manufacturers offered in the report enables the report readers to gain detailed insights that are derived from micronized salt manufacturers across regional markets. A list of key companies operating in the micronized salt market provided in the report adds to the credibility of this exhaustive research study.

Global Micronized Salt Market: Opportunity Analysis

The report offers a detailed study on different factors influencing demand, sales, and revenue generation in the micronized salt market around the world. The opportunity analysis included in the report is beneficial for readers to better understand opportunities in the micronized salt market, which in turn, is likely to trigger the adoption of micronized salt. An elaborated cost structure analysis provides the report with an innate completeness, and analysis offered on the cost structure involves all the regional markets incorporated.

A detailed forecast on the global micronized salt market has also been offered by experts, who have categorized market forecasts into a likely scenario, a conservative scenario, and an optimistic scenario regarding adoption and involvement of the global market during the forecast period. Analysis and assessment of price point by region has also been included in this study. The study also exerts details on aspects impacting strategies of manufacturers within the global micronized salt market.

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.

Product Type

Application

Region

Purity 98% - 99.5%

Bakery & Confectionary Products

North America

Purity Above 99.5%

Meat, Poultry & Sea Foods

Western Europe

 

Milk & Dairy Products

South East Asia & Pacific

 

Beverages

Latin America

 

Canned/Preserved Fruits & Vegetables

Eastern Europe

 

Prepared Meals

MEA

 

Others

China

 

 

Japan

 

 

India

This taxonomy and the detailed table of content prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.

Global Micronized Salt Market: Analysis on Market Size Evaluation

Market valuation at the global and regional scale for the global micronized salt market is offered in terms of “US$ Mn” A Y-o-Y growth comparison on the key micronized salt market segments, along with the market attractiveness assessment quantifies insights delivered in the report. Metrics mentioned above are also tracked based on consumption across several regions where micronized salt is witnessing growing demand.

Global Micronized Salt Market: Scrutinized Assessment on Regional Segments

Weighted chapters have been included in the report on the global micronized salt market, which imparts a forecast on the regional markets recognizing the regional macros (business, economic and political environment outlook), which are expected to have an impact on the growth of the global micronized salt market in the near future.

Country-specific assessment on the demand for micronized salt has also been provided for each regional market, along with the market size valuation, price point assessment, price index, and impact analysis of key regional and country-wise dynamics. Y-o-Y growth projections have also been offered on all regional markets that are incorporated in the report.

Global Micronized Salt Market: In-depth Analysis on Competitive Landscape

The report concludes with a weighted chapter on the competition landscape considering up-to-date and essential developments related to market players, who are predominantly engaging in the production and distribution of micronized salt, along with company’s strategies, identification, and analysis. Market share comparison and analysis of these market players offered in the report enables readers to devise strategies for their businesses.

The intensity mapping of the market players operating in the global micronized salt market provides readers with actionable intelligence, which helps in understanding the current market status and prospects determining the competition levels in the global micronized salt market.

1. Executive Summary

    1.1. Market Overview

    1.2.  Market Analysis

    1.3.   Fact.MR Analysis and Recommendations

2. Market Introduction

    2.1.   Market Definition

    2.2.   Market Taxonomy

3. Micronized Salt Market Background

    3.1. Macro-Economic Factors

    3.2. Opportunity Analysis

    3.3. Global Economic Outlook

    3.4. Regulatory Scenario

    3.5. Value Chain Analysis

    3.6. Market Dynamics

        3.6.1.  Drivers

        3.6.2.  Restraints

        3.6.3.  Trends

        3.6.4.  Opportunity

    3.7. Forecast Factors – Relevance and Impact

4. Global Micronized Salt Market Analysis 2014–2018 and Forecast 2019–2028

    4.1. Market Volume (Tons) Projections

    4.2. Market Size (US$ Mn) Projections

        4.2.1.  Y-o-Y Projections

        4.2.2.  Absolute $ Opportunity Analysis

5. Global Micronized Salt Market Analysis 2014–2018 and Forecast 2019–2028, By Product Type

    5.1. Introduction

        5.1.1. Market Value Share Analysis By Product Type

        5.1.2. Y-o-Y Growth Analysis By Product Type

    5.2. Historical Market Size (US$ Mn) and Volume (Tons) By Product Type, 2014–2018

    5.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Product Type, 2019-2028

            5.3.1.1. Purity 98% - 99.5%

            5.3.1.2. Purity Above 99.5%

    5.4. Market Attractiveness Analysis By Product Type

6. Global Micronized Salt Market Analysis 2014–2018 and Forecast 2019–2028, By Application 

    6.1. Introduction

        6.1.1. Market Value Share Analysis By Application

        6.1.2. Y-o-Y Growth Analysis By Application

    6.2. Historical Market Size (US$ Mn) and Volume (Tons) By Application, 2014–2018

    6.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Application, 2019-2028

        6.3.1. Bakery & Confectionary Products

        6.3.2. Meat, Poultry & Sea Foods

        6.3.3. Milk & Dairy Products

        6.3.4. Beverages

        6.3.5. Canned/Preserved Fruits & Vegetables

        6.3.6. Prepared Meals

        6.3.7. Others

    6.4. Market Attractiveness Analysis By Application

7. Global Micronized Salt Market Analysis and Forecast, By Region

    7.1. Introduction

        7.1.1. Market Value Share Analysis By Region

        7.1.2. Y-o-Y Growth Analysis By Region

    7.2. Historical Market Size (US$ Mn) and Volume (Tons) By Region, 2014–2018

    7.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Region, 2019-2028

        7.3.1. North America

        7.3.2. Western Europe

        7.3.3. South East Asia & Pacific

        7.3.4. Latin America

        7.3.5. Eastern Europe

        7.3.6. MEA

        7.3.7. China

        7.3.8. Japan

        7.3.9. India

    7.4. Market Attractiveness Analysis By Region

8. North America Micronized Salt Market Analysis 2014-2019 and Forecast 2019–2028

    8.1. Introduction

    8.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2014–2018

    8.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019-2028

        8.3.1. By Country

            8.3.1.1. U.S.

            8.3.1.2. Canada

        8.3.2. By Product Type

        8.3.3. By Application

    8.4. Market Attractiveness Analysis

        8.4.1. By Country

        8.4.2. By Product Type

        8.4.3. By Application

9. Latin America Micronized Salt Market Analysis 2014-2019 and Forecast 2019–2028

    9.1. Introduction

    9.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2014–2018

    9.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019-2028

        9.3.1. By Country

            9.3.1.1.  Brazil

            9.3.1.2.  Mexico

            9.3.1.3.  Rest of Latin America

        9.3.2. By Product Type

        9.3.3. By Application

    9.4. Market Attractiveness Analysis

        9.4.1. By Country

        9.4.2. By Product Type

        9.4.3. By Application

10. Western Europe Micronized Salt Market Analysis 2014-2019 and Forecast 2019–2028

    10.1. Introduction

    10.2.  Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2014–2018

    10.3.  Sales Revenue US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019-2028

        10.3.1. By Country

            10.3.1.1.  Germany

            10.3.1.2.  United Kingdom

            10.3.1.3.  France

            10.3.1.4.  Italy

            10.3.1.5.  Spain

            10.3.1.6.  Benelux

            10.3.1.7.  Nordic Region

            10.3.1.8.  Rest of Western Europe

        10.3.2. By Product Type

        10.3.3. By Application

    10.4.  Market Attractiveness Analysis

        10.4.1. By Country

        10.4.2. By Product Type

        10.4.3. By Application

11. Eastern Europe Micronized Salt Market Analysis 2014-2019 and Forecast 2019–2028

    11.1. Introduction

    11.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2014–2018

    11.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019-2028

        11.3.1. By Country

            11.3.1.1.  Russia

            11.3.1.2.  Poland

            11.3.1.3.  Rest of Eastern Europe

        11.3.2. By Product Type

        11.3.3. By Application

    11.4. Market Attractiveness Analysis

        11.4.1. By Country

        11.4.2. By form

        11.4.3. By Application

12. South East Asia & Pacific Micronized Salt Market Analysis 2014-2019 and Forecast 2019–2028

    12.1. Introduction

    12.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2014–2018

    12.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019-2028

        12.3.1. By Country

            12.3.1.1. ASEAN

            12.3.1.2. Australia & New Zealand

            12.3.1.3. Rest of APAC

        12.3.2. By Product Type

        12.3.3. By Application

    12.4. Market Attractiveness Analysis

        12.4.1. By Country

        12.4.2. By Product Type

        12.4.3. By Application

13. Japan Micronized Salt Market Analysis 2014-2019 and Forecast 2019–2028

    13.1. Introduction

    13.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2014–2018

    13.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019-2028

        13.3.1. By Product Type

        13.3.2. By Application

    13.4. Market Attractiveness Analysis

        13.4.1. By Product Type

        13.4.2. By Application

14. India Micronized Salt Market Analysis 2014-2019 and Forecast 2019–2028

    14.1. Introduction

    14.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2014–2018

    14.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019-2028

        14.3.1. By Product Type

        14.3.2. By Application

    14.4. Market Attractiveness Analysis

        14.4.1. By Product Type

        14.4.2. By Application

15. China Micronized Salt Market Analysis 2014-2019 and Forecast 2019–2028

    15.1. Introduction

    15.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2014–2018

    15.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019-2028

        15.3.1. By Product Type

        15.3.2. By Application

    15.4. Market Attractiveness Analysis

        15.4.1. By Product Type

        15.4.2. By Application

16. Middle East & Africa Micronized Salt Market Analysis 2014-2019 and Forecast 2019–2028

    16.1. Introduction

    16.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2014–2018

    16.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019-2028

        16.3.1. By Country

            16.3.1.1. GCC Countries

            16.3.1.2. South Africa

            16.3.1.3. Rest of MEA

        16.3.2. By Product Type

        16.3.3. By Application

    16.4. Market Attractiveness Analysis

        16.4.1. By Country

        16.4.2. By Product Type

        16.4.3. By Application

17. Micronized Salt Market Analysis 2014-2018 and Forecast 2019-2029, Country Analysis

    17.1. Introduction

    17.2. U.S. Micronized Salt Market

        17.2.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.2.1.1. By Product Type

            17.2.1.2. By Application

    17.3. Canada Micronized Salt Market

        17.3.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.3.1.1. By Product Type

            17.3.1.2. By Application

    17.4. Brazil Micronized Salt Market

        17.4.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.4.1.1. By Product Type

            17.4.1.2. By Application

    17.5. Mexico Micronized Salt Market

        17.5.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.5.1.1. By Product Type

            17.5.1.2. By Application

    17.6. Germany Micronized Salt Market

        17.6.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.6.1.1. By Product Type

            17.6.1.2. By Application

    17.7. U.K. Micronized Salt Market

        17.7.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.7.1.1. By Product Type

            17.7.1.2. By Application

    17.8. France Micronized Salt Market

        17.8.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.8.1.1. By Product Type

            17.8.1.2. By Application

    17.9. Italy Micronized Salt Market

        17.9.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.9.1.1. By Product Type

            17.9.1.2. By Application

    17.10. Spain Micronized Salt Market

        17.10.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.10.1.1. By Product Type

            17.10.1.2. By Application

    17.11. Benelux Micronized Salt Market

        17.11.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.11.1.1. By Product Type

            17.11.1.2. By Application

    17.12. Russia Micronized Salt Market

        17.12.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.12.1.1. By Product Type

            17.12.1.2. By Application

    17.13. Poland Micronized Salt Market

        17.13.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.13.1.1. By Product Type

            17.13.1.2. By Application

    17.14. South Korea Micronized Salt Market

        17.14.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.14.1.1. By Product Type

            17.14.1.2. By Application

    17.15. ASEAN Micronized Salt Market

        17.15.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.15.1.1. By Product Type

            17.15.1.2. By Application

18. Competition Analysis

    18.1. Competition Dashboard

    18.2. Competitive Benchmarking

    18.3. Competition Developments (Mergers, Acquisitions and Expansions)

19. Company Profiles

    19.1. Cargill, Inc.

        19.1.1. Company Overview

        19.1.2. Portfolio Overview

        19.1.3. Strategy Overview

        19.1.4. Key Financials

    19.2. Compass Minerals America, Inc.

        19.2.1. Company Overview

        19.2.2. Portfolio Overview

        19.2.3. Strategy Overview

        19.2.4. Key Financials

    19.3. K+S Aktiengesellschaft

        19.3.1. Company Overview

        19.3.2. Portfolio Overview

        19.3.3. Strategy Overview

        19.3.4. Key Financials

    19.4. Ciech S.A.

        19.4.1. Company Overview

        19.4.2. Portfolio Overview

        19.4.3. Strategy Overview

        19.4.4. Key Financials

    19.5. Tata Chemicals Ltd.

        19.5.1. Company Overview

        19.5.2. Portfolio Overview

        19.5.3. Strategy Overview

        19.5.4. Key Financials

    19.6. AkzoNobel N.V.

        19.6.1. Company Overview

        19.6.2. Portfolio Overview

        19.6.3. Strategy Overview

        19.6.4. Key Financials

    19.7. INEOS Group Limited

        19.7.1. Company Overview

        19.7.2. Portfolio Overview

        19.7.3. Strategy Overview

        19.7.4. Key Financials

    19.8. Dominion Salt Limited

        19.8.1. Company Overview

        19.8.2. Portfolio Overview

        19.8.3. Strategy Overview

        19.8.4. Key Financials

    19.9. AB Hanson & Mohring

        19.9.1. Company Overview

        19.9.2. Portfolio Overview

        19.9.3. Strategy Overview

        19.9.4. Key Financials

    19.10. Cerebos Ltd

        19.10.1. Company Overview

        19.10.2. Portfolio Overview

        19.10.3. Strategy Overview

        19.10.4. Key Financials

    19.11. Kensalt Ltd.

        19.11.1. Company Overview

        19.11.2. Portfolio Overview

        19.11.3. Strategy Overview

        19.11.4. Key Financials

    19.12. Cheetham Salt Limited

        19.12.1. Company Overview

        19.12.2. Portfolio Overview

        19.12.3. Strategy Overview

        19.12.4. Key Financials

    19.13. ACI Limited

        19.13.1. Company Overview

        19.13.2. Portfolio Overview

        19.13.3. Strategy Overview

        19.13.4. Key Financials

    19.14. WA Salt Group

        19.14.1. Company Overview

        19.14.2. Portfolio Overview

        19.14.3. Strategy Overview

        19.14.4. Key Financials

    19.15. Infosa

        19.15.1. Company Overview

        19.15.2. Portfolio Overview

        19.15.3. Strategy Overview

        19.15.4. Key Financials

    19.16. Nirma Limited

        19.16.1. Company Overview

        19.16.2. Portfolio Overview

        19.16.3. Strategy Overview

        19.16.4. Key Financials

20. Assumptions and Acronyms Used

21. Appendix

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Micronized Salt Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2028