Press release
Salt Global Market 2025: Accelerating Growth with a CAGR of 9.5% Driven by Food Processing Industry and Growing Demand for Mining
Salt Global Market Size
Boasting a strong market size growth, the global Salt Market is foreseen to reach $68.06 billion by 2029 propelled by expanding food industry, urbanization, infrastructure development, and an upsurge in mining activities.
What Is The Projected Market Size Of The Salt Global Market Report 2025 And Its Growth Rate?
• The salt market will grow from $45.74 billion in 2024 to $50.08 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%.
• The market size is expected to further grow to $68.06 billion in 2029 at a CAGR of 8.0%.
• The historic period saw strong growth in the market size attributed to food processing industry, chemical industry, de-icing and snow removal, water treatment, and livestock and agriculture.
• The forecast period will see growth incited by the growing food industry, urbanization and infrastructure development, water scarcity solutions, health and wellness trends, livestock and aquaculture.
What Is Driving The Growth In The Salt Global Market Report 2025?
Increasing demand for mining is expected to propel the growth of the salt market going forward. Mining involves retrieving valuable minerals or other geological materials from Earth's surface or beneath its crust. Salt solutions are used in mining to temporarily freeze the ground in open-pit mines. This allows for excavation in soft or unstable zones that would otherwise be risky. A report published by the United States Geological Survey in February 2023 revealed mines in the United States to have yielded non-fuel mineral commodities worth approximately $98.2 billion in 2022. This marked a $3.6 billion increase from the revised 2021 total of $94.6 billion. The production value of all industrial minerals in the U.S. for 2022 was estimated at $63.5 billion, constituting about 65% of the overall mine production value in the country. Hence, the rising demand for mining is driving the growth of the salt market.
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Who Are the Key Players Driving Salt Global Market Report 2025 Growth?
• Cargill Inc.
• China National Salt Industry Corporation
• Tata Chemicals Limited
• Rio Tinto plc
• Gujarat Narmada Valley Fertilizers & Chemicals Ltd.
• Akzonobel N V
• Tosoh Corporation
• K+S AG
• Nippon Soda Co. Ltd.
• Compass Minerals International Inc.
• Infosa
• Les Salins du Midi et des Alpes
• Toyo Soda Mfg. Co. Ltd.
• Morton Salt Inc.
• Diamond Crystal Brands
• Salt Lake Minerals Ltd.
• Schweizer Salinen AG
• Avery Salt Company
• United Salt Corp.
• Sambhar Salts Limited
• National Salt Company Ltd.
• Salinen Austria AG
• Hindustan Salt Limited
• Salinera Española S.A.
• CIECH S.A.
• Waggar Salt Limited
• Adolph's International Inc.
• Salsomaggiore Terme S.p.A.
• Dead Sea Works Ltd.
What Are The Key Trends In The Salt Global Market Report 2025?
• Rising demand in developing regions
• Application in non-food industries
• Packaging innovations
• Traceability and transparency
• Salt alternatives and substitutes
What Are The Segments Of The Salt Global Market Report 2025?
• By Type: Rock Salt, Salt In Brine, Solar Salt, Vacuum Pan Salt
• By Mining Type: Underground Mining, Surface Mining
Which Region Leads The Salt Global Market Report 2025?
Asia-Pacific stood as the largest market for Salt in 2024. The salt market report covers all regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Salt Global Market Report 2025?
- Market Size Analysis: Analyze the Salt Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Salt Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Salt Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Salt Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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