North America Food Grade and Animal Feed Grade Salt Market, By Product Type (Rock, Sea Salt, Brine, Vacuum and Others), Purity (Purity 98% - 99.5% and Purity Above 99.5%), Production Processes (Evaporation Method, Mining Method and Others), Distribution Channel (Direct and Indirect), End User (Food & Beverages Industry and Food Service Sector), Application (Food Products, Sports Nutrition, Beverages and Animal Feed), Country (U.S, Canada and Mexico) Industry Trends and Forecast to 2028
Market Analysis and Insights: North America Food Grade and Animal Feed Grade Salt Market
The food grade and animal feed grade salt market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 3.6% in the forecast period of 2021 to 2028 and is expected to reach USD 519.38 million by 2028. The increasing production of salt raises the consumption rate and is expected to act as a driver for the food grade and animal feed grade salt market.
Salt is a mineral mainly composed of sodium and chloride. It is naturally occurring in the ocean, salt lakes and rocky mountains. The salt is classified into various types such as sea salt, rock salt, brine salt, vacuum salt and others based on the extraction. The sea salt is usually extracted from the ocean or saltwater using evaporation technology. Similarly, the rock salt is mined from the rock mountain by the mining method.
The rising demand for salt in beverage industry is anticipated to fuel the growth of the food grade and animal feed grade salt market. The several government initiatives for the reduction of sodium in food products is expected to act as restraint for the growth of the food grade and animal feed grade salt market. Growing demand for iodized salt in processed food products is expected to act as an opportunity for its growth in the food grade and animal feed grade salt market. The expansion of key players in the market is expected to act as a challenge for the growth of the food grade and animal feed grade salt market.
This food grade and animal feed grade salt market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the food grade and animal feed grade salt market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Food Grade and Animal Feed Grade Salt Market Scope and Market Size
The food grade and animal feed grade salt market is segmented into six segments which are based on the product type, purity, production processes, distribution channel, end user and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the food grade and animal feed grade salt market is segmented into rock, sea salt, brine, vacuum and others. In 2021, sea salt segment in food grade and animal feed grade salt is expected to dominate the market due to the factors such as the increased usage in food and food processing products.
- On the basis of purity, the food grade and animal feed grade salt market is segmented into purity 98%- 99.5% and purity above 99.5%. In 2021, purity above 99.5% segment in food grade and animal feed grade salt is expected to dominate the market as it is highly preferred in the food industry.
- On the basis of production processes, the food grade and animal feed grade salt market is segmented into evaporation method, mining method and others. In 2021, evaporation method segment in food grade and animal feed grade salt is expected to dominate the market as it is easy to process and cost-effective method.
- On the basis of distribution channel, the food grade and animal feed grade salt market is segmented into direct and indirect. In 2021, direct segment in food grade and animal feed grade salt is expected to dominate the market as the company prefers distribution of products directly to the customers as compared to indirect in the food grade salt and animal feed grade salt.
- On the basis of end user, the food grade and animal feed grade salt market is segmented into food & beverages industry and food service sector. In 2021 food & beverages industry segment in food grade and animal feed grade salt is expected to dominate the market as it is extensively used in the production of food products as compared to food service sector in the food grade and animal feed grade salt.
- On the basis of application, the food grade and animal feed grade salt market is segmented into food products, sports nutrition, beverages and animal feed. In 2021, food products segment in food grade and animal feed grade salt is expected to dominate the market due to the increased usage in processed food products, dairy products, bakery products and convenience food products.
North America Food Grade and Animal Feed Grade Salt Market Country Level Analysis
North America food grade and animal feed grade salt market is analyzed and market size information is provided by the country, product type, purity, production processes, distribution channel, end user and application as referenced above.
The countries covered in the North America food grade and animal feed grade salt market report are the U.S, Canada and Mexico.
The U.S is dominating in the North America food grade and animal feed grade salt market and is growing with the substantial CAGR owing to the higher consumption of salt-based convenience food due to the consumer’s preference which have boosted the market in North America region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Business Expansion for Future Growth is an opportunity for Food Grade and Animal Feed Grade Salt Market
The food grade and animal feed grade salt market also provides you with detailed market analysis for every country growth in particular industry with food grade and animal feed grade salt sales, impact of business expansion in the food grade and animal feed grade salt and changes in regulatory scenarios with their support for the food grade and animal feed grade salt market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Food Grade and Animal Feed Grade Salt Market Share Analysis
The food grade and animal feed grade 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, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth and the source lifeline curve. The above data points provided are only related to the company’s focus related to North America food grade and animal feed grade salt market.
The major players covered in the North America food grade and animal feed grade salt market report are Cargill, Incorporated, United Salt Corporation, SaltWorks, Morton Salt, Inc., The Cope Company Salt, SAN FRANCISCO SALT CO, Sifto Canada, Midwest Salt, Ahir Salt Industries, K+S Aktiengesellschaft among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of the food grade and animal feed grade salt market.
For instance,
- In July 2019, K+S Aktiengesellschaft achieved Culinary Ambassador of Lower Saxony 2019 for the product SALDORO Pink Ancient Salt. Additionally, the SALDORO was honoured as an excellent product brand of the year. The high quality SALDORO pink ancient salt is unique in Germany owing to its natural pink crystals. Thus, the recognition of salt brand has impelled the net sale and increased the company share in the market.
Exhibition, partnership, joint ventures and other strategies by the market players is enhancing the company market in the food grade and animal feed grade salt market which also provides the benefit for organisation to improve their offering for food grade and animal feed grade salt.
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