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Micronized Salt Market To Reach US$ 900 Mn By 2028 | BGR International Ltd., Mevi Vacuum Salts, Inc., Cheetham Salt Limited, Kensalt Ltd., and Zoutman NV

02-09-2021 08:03 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Micronized Salt Market To Reach US$ 900 Mn By 2028 | BGR

The global micronized salt market will exhibit a modest CAGR of 3% during the forecast period 2019 – 2028, as projected by a new Fact.MR report. Key players in the micronized salt market are eying profitable opportunities to through regional expansion activities, and gain a larger, global consumer base.

“Investments in micronized salt to fit end user requirements and specific functionality is expected to support demand. Companies will concentrate most efforts towards catering to the food processing industry,” says the Fact.MR report.

Browse To Access of Full Report, Visit @ https://www.factmr.com/report/4568/micronized-salt-market

Micronized Salt Market: Key Findings

Micronized salt with purity standards of more than 99.5% will account for a major market and positive growth.

The bakery and confectionary segment is a major contributor in terms of application, with 1.3X growth. 

Premium grade micronized salt will display moderate growth, while value grade variants, will display high growth.

Asia Pacific will remain a leading market through 2028, as China and India account for 30% of the market share.

Request for Sample detailed COVID-19 impact analysis on the Market @ https://www.factmr.com/connectus/sample?flag=S&rep_id=4568

Micronized Salt Market: Key Driving Factors

Government initiatives in developed regions to minimize the per capita consumption of traditional salt support the rise of micronized salt market.

Proven efficacy of micronized salt and compliance to industrial standards is a key driver of market growth.

Demand for micronized salt in bakery and confectionary applications is fuelling global demand.

Expansion of the food processing industry, globally would sustain demand. 

Micronized Salt Market: Key Restraints

Increasing consumer awareness about the adverse effects of excessive salt consumption is a key challenge for the market.

Rising competition from a range of slat replacer products impacts market profitability.

Explore 120 tables, 137 figures of the study. Request TOC of the report at- https://www.factmr.com/connectus/sample?flag=RM&rep_id=4568

Competition Landscape

Manufacturers are pushing to expand their reach into a number of domestic markets around the globe. Industry heavyweights are trying to gain greater market share with regional expansions. Prominent companies operating in micronized salt market include, but are not limited to, INEOS Group Ltd., Cargill Incorporated, AkzoNobel N.V.,K+S Aktiengesellschaft, Tata Chemicals Ltd., and Ciech S.A.

About the Report
This 170-page study offers detailed market forecast on the micronized salt market. The key categories covered in the report include product type (purity 98% to 99.5% and purity above 99.5%), application (bakery & confectionary products, meat, poultry, & seafood, milk & dairy products, beverages, canned/preserved fruits & vegetables, prepared meals, and others). This analysis has been tracked on a country-wise level, with a total of 30+ countries across 9 key regions.

Press Release: https://www.factmr.com/media-release/1345/global-micronized-salt-market

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About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. We are headquartered in Dubai, and operate from our sales office in Dublin, Ireland. Reach out to us with your goals, and we’ll be an able research partner.

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