Driving Salt Market Growth in 2025: The Role of Salt Market Surges Amidst Increased Mining Demand Worldwide

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Salt Market Size Growth Forecast: What to Expect by 2025?
In recent years, there has been a significant increase in the size of the salt market. It is projected to expand from $39 billion in 2024 to $41.85 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%. The observed growth during the historical period can be linked to sectors such as the food processing industry, chemical industry, de-icing, and snow removal sectors, as well as water treatment and livestock and agricultural markets.

How Will the Salt Market Size Evolve and Grow by 2029?
The anticipated robust expansion of the salt market predicted for the upcoming years will see it reach an impressive $56.54 billion in 2029 with a compound annual growth rate (CAGR) of 7.8%. This predicted growth during the forecast period can be linked to a flourishing food industry, urban growth and progress in infrastructure, solutions for water scarcity, health and wellness trends, as well as livestock and aquaculture. The forecast period is also expected to see increasing demand in emerging regions, usage in non-food sectors, advancements in packaging, traceability and transparency, including the emergence of salt substitutes and alternatives.

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What Drivers Are Propelling the Growth of Salt Market Forward?
The salt market is set for expansion, powered by the burgeoning demand for mining. Mining encompasses the extraction of valuable minerals or other geological substances from the Earth's surface or beneath its crust. Salt solutions assist in mining by temporarily freezing the ground in open-pit mines, facilitating excavation in areas that might otherwise be unsafe due to softness or instability. In February 2023, as pointed out by a report by the United States Geological Survey - a US government agency, mines across the US produced non-fuel mineral commodities estimated to be worth around $98.2 billion in 2022. This shows a rise of $3.6 billion from the revised total for 2021 standing at $94.6 billion. Industrial minerals' production value in the U.S. for 2022 was estimated at $63.5 billion, representing roughly 65% of the total mining production value in the nation. As such, the increasing mining demand is fuelling the growth of the salt market.

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What Trends Will Shape the Salt Market Through 2029 and Beyond?
Leading businesses in the salt industry are strategizing around the creation of fresh ideas such as pink salt to satisfy the increasing consumer requirements for organic and wellness-focused products. Essentially, pink salt refers to Himalayan pink salt, a naturally derived mineral salt collected from the Khewra Salt Mine in Pakistan, which is in proximity to the Himalayas. For example, ITC Limited, a conglomerate based in India, introduced Himalayan Pink Salt in May 2024. This new offering highlights the core elements of natural extraction and purity. Recognised as Sendha Namak or Saindhava Lavana in India, this salt is procured from Himalayan salt mines and is known for its innate, vivid pink shade, a result of superior sourcing and no artificial color addition.

What Are the Key Segments in the Salt Market?
The salt market covered in this report is segmented -

1) By Type: Rock Salt; Salt In Brine; Solar Salt; and Vacuum Pan Salt
2) By Mining Type: Underground Mining; Surface Mining

Subsegments:
1) By Rock Salt: Crushed Rock Salt; Granular Rock Salt
2) By Salt In Brine: Concentrated Brine; Diluted Brine
3) By Solar Salt: Natural Solar Salt; Refined Solar Salt
4) By Vacuum Pan Salt: Food Grade Vacuum Pan Salt; Industrial Grade Vacuum Pan Salt

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Who Are the Key Players Shaping the Salt Market's Competitive Landscape?
Major companies operating in the salt market include 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 Geographic Markets Are Powering Growth in the Salt Market?
Asia-Pacific was the largest market in the Salt market in 2024. The regions covered in the salt market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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