NEWARK, Del, Nov. 15, 2022 (GLOBE NEWSWIRE) -- The global sea salt market is projected to reach a value of US$ 25,089.4 Mn in 2032, with sales growing at a stagnant CAGR of 3.2% from 2022 to 2032. Scaling up from a value of US$ 18,310.2 Mn in 2022, the target market is likely driven by the increasing application of sea salt across diverse industries including agriculture, animal feed, water treatment, and many others. Owing to its many beneficial properties, the market for sea salt looks forward to brighter prospects during the forecast period.
The growing awareness of the benefits of sea salt such as good hydration, its ability to lessen fluid retention, enhance digestion, and help patients with blood pressure problems is expected to augment the global sales of the sea salt market. Also, sea salt is being increasingly used in desserts made of caramel or chocolate, as well as certain coffee flavours. This is substantially supplementing its popularity, which will likely expand the sea salt market size during the projected period.
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Factors such as globalization, influence of western culture, and the growing awareness of its various benefits are contributing to the extensive application of sea salt across diverse industries such as food & beverages, cosmetics, etc. This is anticipated to aid the growth of the the sea salt market and impact its related trends too. Additionally, the growth of the artisan culture, consumer preference for unrefined, preservative free products and the popularity of anti-inflammatory and anti-aging benefits of sea salt further propel the target market during the projected period.
“Rising popularity of anti-inflammatory and anti-aging properties of sea salt promotes its usage across different industries. This further stimulated the global growth of the sea salt market over the forecast period,” says an FMI analyst.
Key Takeaways:
- High costs and risk of quality deterioration during processing may hamper market prospects
- The sea salt market in North America will dominate the global space with 38.4% of the revenue share.
- Europe’s sea salt market will account for a revenue of 29.4% during the assessment period.
- Influence of Western food and culture drives the sea salt market in the Asia Pacific region.
- The start-ups in this market are keen on quality improvement and product expansion.
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Competitive Landscape
Infosa, Amato Food Products Ltd., Morton Salt Inc., Qinghai Salt Lake Industry Co. Ltd., Westlab Limited, Clearspring Ltd., Cerebos Australia, Mccormick & Company Inc., Hoosier Hill Farm, San Francisco Salt Company, Himalayan Chef, Olde Thompson Inc., A. Vogel, El Nasr Salines Co., Cargill Inc., Amato Food Products Ltd, Infosa, Qinghai Salt Lake Industry Co. Ltd., Tata Salt, Go Earth Organic, Saltworks, Pure Ocean, Amagansett Sea Salt Co., Himalasalt., Jacobsen Salt Co., Maine Sea Salt Company, Salt Traders, Dvc Industries Inc., Seasalt Superstore Llc., Saltbird, Bitterman And Sons Inc., Twang Partners Ltd., L & L Specialty Foods Llc., B&G Foods Inc., among others are some of the major players in the sea salt market profiled in the full version of the report.
Leading market players are focusing on developing their product portfolio with different flavor, sizes, and textures. These organizations are also keen on efforts to lower the high cost of the product to help expand the overall market size.
More Insights into Sea Salt Market Report
In its latest report, FMI offers an unbiased analysis of the global sea salt market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of packaging (bags, pouches, sacks, shakes, glass jars), application (regenerating water agent, de-icing agent, detoxifying agent, anti-oxident agent), end user (food & beverages, agriculture, cosmetics, animal food, HORECA), distribution channel (specialty stores, convenience stores retail, e-commerce), and region.
According to the latest FMI reports, based on region, the sea salt market in North America will present significant growth during 2022-2032. This market in the region will account for a revenue share of 38.4%. The strong presence of significant market players, the growing awareness of sea salt benefits as well as rise in chronic diseases will drive the growth of the sea salt market in North America.
The sea salt market in Europe will exhibit notable growth, accounting for about 29.4% of the overall revenue. The target market in this region depicts potential growth due to the high consumption rates, particularly in food and cosmetics sector, and the presence of strong market players. Apart from Europe and North America, the Asia Pacific region, too, displays strong growth potential in the sea salt market during the forecast period.
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Key Segments Profiled in the Sea Salt Market Survey
By Packaging:
- Bags
- Pouches
- Sacks
- Shakes
- Glass Jars
By Application:
- Regenerating Water Agent
- De-icing Agent
- Detoxifying Agent
- Anti-Oxidant Agent
By End User:
- Food & Beverages
- Agriculture
- Cosmetics
- Animal Food
- HORECA
By Distribution Channel:
- Specialty Stores
- Convenience Stores
- Retail
- E-Commerce
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
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Explore FMI’s Extensive Coverage on Food & Beverage Domain:
Micronized Salt Market Size: Micronized salt market size was estimated at USD 2,671.4 Mn in 2022 and expected to reach USD 3,804.8 Mn in 2032, at a CAGR 3.6%.
Low Sodium Sea Salt Market Share: As per Future Market Insights (FMI), low sodium sea salt sales are expected to surge at 6.6% CAGR between 2021 and 2031
Lemon Salt Market Forecast: Europe is thriving in lemon salt market for availability of raw materials and growing consumption. European market of lemon salt products is dependent on production of Spain mainly, as it supplies more than 75% lemons alone to the region.
Fat Replacers, Salt Reducers and Replacers Market Value: The Fat Replacers, Salt Reducers, and Replacers market is valued at USD 2.1 Bn in 2022 and is projected to grow at a CAGR of 6.4% during the forecast period, to reach a value of USD 3.0 Bn by 2032.
Vanilla Salt Market Overview: According to the latest study, the market for vanilla salt is expected to rise at a CAGR of 5.2% in the forecasted years. Vanilla salt is vanilla bean specks blended in with sea salt.
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