Global Food Micronized Salt Market, By Grade (Purity 98% - 99.5% and Purity Above 99.5%.), Application (Chocolate & Confectionery, Bakery, Functional Food, Dairy Products, Dairy Alternative, Processed Meat, Poultry and Seafood, Canned/Preserved Fruits & Vegetables, Prepared Meals, Beverages and Others) – Industry Trends and Forecast to 2029.
Food Micronized Salt Market Analysis and Size
Micronized salt has a wide range of applications in the food and beverage industries due to its finely powdered form, which is used to achieve increased solubility. Consumers' fast-paced lifestyles have resulted in a high demand for ready-to-eat food products. As a result, there has been an increase in the demand for food products with a longer shelf life, which is met by micronized salt.
Data Bridge Market Research analyses that the food micronized salt market which was valued at USD 2.57 billion in 2021 is expected to reach the value of USD 4.13 billion by 2029, at a CAGR of 6.10% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Food Micronized Salt Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Grade (Purity 98% - 99.5% and Purity Above 99.5%.), Application (Chocolate & Confectionery, Bakery, Functional Food, Dairy Products, Dairy Alternative, Processed Meat, Poultry and Seafood, Canned/Preserved Fruits & Vegetables, Prepared Meals, Beverages and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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DuPont (U.S.), ADM (U.S.), Tate & Lyle (U.K.), Ingredion Incorporated (U.S.), Cargill Incorporated (U.S.), Roquette Frères (France), PureCircle Ltd (U.S.), MacAndrews & Forbes Holdings Inc. (U.S.), J.K. Sucralose Inc. (China), Ajinomoto Co. (Japan), Südzucker AG (Germany), Guilin Layn Natural Ingredients Corp. (China), Zhucheng Haotian Pharm Co., Ltd. (China), HSWT France SAS (France)
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Opportunities
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Market Definition
Micronized salt is fine granules of salt that have been pulverized and powdered for increased solubility. The product is made by evaporating salt brine into high purity salt crystals in an artificial vacuum. This technique is extremely beneficial because the purity of the salt produced in output is greater than 98%. The application of pressure reduces the temperature required for such efficient evaporation.
Global Food Micronized Salt Market Dynamics
Drivers
- Various health benefits associated with the product
The growing popularity of convenience food products due to busy lifestyles and the development of quick-to-use products has made ketogenic products more accessible, providing a boost to the market. Furthermore, the introduction of numerous nutraceutical and pharmaceutical supplements rich in food micronized that provide a variety of benefits such as cancer prevention, cognitive improvement, and anti-inflammatory properties is one of the drivers propelling the market forward.
- Technological advancements to improve product nutritional profile
Manufacturers are implementing cutting-edge technological solutions to improve the nutritional quality of processed foods, which will increase demand. Furthermore, the global retail sector's expansion, combined with an increase in consumer disposable income, is expected to have a positive impact on food micronized salts production and distribution globally. In the near future, the growing global population's exponentially increasing demand for processed food is expected to drive the growth of the global food micronized salt market.
Opportunities
- Consumer awareness and health benefits
The increased demand for micronized food has drawn many key market players, as well as domestic players such as retailers, wholesalers, suppliers, and others. Consumer awareness of the health benefits of low sodium levels in food products is expected to drive growth in the processed food industry's food micronized market. Consumption of micronized food lowers the risk of heart attack and contains a high concentration of antioxidants. Food Micronized is used to treat gout and arrhythmia in patients with low blood potassium levels. With all of the additional benefits of micronized food, the market's key players have a good opportunity to increase their market share.
Restraints
- Stringent regulations and availability of substitutes
The implementation of sodium consumption regulations and the availability of salt substitutes are expected to stymie the growth of the micronized salt market. Other salts' technological advancement and adoption are expected to pose a challenge to the micronized salt market during the forecast period.
This food micronized salt market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the food micronized salt market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Food Micronized Salt Market
Most customers around the world have been following a strict fitness and diet plan from the comfort of their homes due to the strict imposition of lockdown following the introduction of COVID-19. As a result, many social media platforms and online health training websites have promoted the consumption of nutritious foods that aid in weight loss. As a result, the consumption of keto-based foods and beverages has increased, and this trend is expected to continue in the future. Obesity can also reduce lung capacity and complicate ventilation in COVID-19 patients. The aforementioned factors suggest that products that improve health and immunity will be in high demand in the coming years, positively impacting the market share of food micronized market.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In September 2020 ZOUTMAN will launch sea salt pepper and fleur de sel products in the market. This product comes in portion sachets and is used to season food in the food service industry. The rising demand for portion packs encourages the company to introduce new products to the market and accelerate its growth. With the product launch, the company attracts more consumers, which may increase sales and revenue.
- In October 2020 Cargill, Incorporated expanded its portfolio by adding a new consumer-friendly size of Diamond Crystal Kosher salt with 26 ounces to the shelf. With a diverse product portfolio, the launch has helped to attract customers.
Global Food Micronized Salt Market Scope
The food micronized salt market is segmented on the basis of grade and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Grade
- Purity 98% - 99.5%
- Purity Above 99.5%
Application
- Chocolate & Confectionery
- Bakery
- Functional Food
- Dairy Products
- Dairy Alternative
- Processed Meat
- Poultry and Seafood
- Canned/Preserved Fruits & Vegetables
- Prepared Meals
- Beverages
- Others
Food Micronized Salt Market Regional Analysis/Insights
The food micronized salt market is analysed and market size insights and trends are provided by country, grade and application as referenced above.
The countries covered in the food micronized salt market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
China dominates the Asia-Pacific food micronized salt market, which is growing at the fastest CAGR because of the emerging opportunities for micronized salt in the food and beverage industries.
The United States dominates the North American food micronized salt market due to the majority of micronized salt usage in the bakery and beverages segments.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Food Micronized Salt Market Share Analysis
The food micronized salt market competitive landscape provides details by competitor. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to food micronized salt market.
Some of the major players operating in the food micronized salt market are:
- DuPont (U.S.)
- ADM (U.S.)
- Tate & Lyle (U.K.)
- Ingredion Incorporated (U.S.)
- Cargill Incorporated (U.S.)
- Roquette Frères (France)
- PureCircle Ltd (U.S.)
- MacAndrews & Forbes Holdings Inc. (U.S.)
- JK Sucralose Inc. (China)
- Ajinomoto Co. (Japan)
- Südzucker AG (Germany)
- Guilin Layn Natural Ingredients Corp. (China)
- Zhucheng Haotian Pharm Co., Ltd. (China)
- HSWT France SAS (France)
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