North America 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), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2028
Market Analysis and Insights: North America Food Micronized Salt Market
North America food micronized salt market is expected to reach USD 910.13 Million by 2028 from USD 684.08 Million in 2020. Data Bridge Market Research has estimated the market to be growing at a steady CAGR of 3.8% in the forecast period of 2021 to 2028.
Salt is a mineral that mainly composed of sodium and chloride. It is naturally occurring in ocean, salt lakes and rock-mountains. Micronized salt is extremely fine granules of salt that is finely processed for increased solubility. The micronized salt is obtained by evaporating salt brine into high purity salt crystals under artificially produced vacuum. This results in production of micronized salt that has a purity of more than 98%. This processing technique further reduces the temperature required for such efficient evaporation. As a result, the micronized salts produced are highly consistent and appear as fine granules that are easily soluble in different food products.
The micronized salts have extensive application in food & beverages service sector. Moreover, micronized salt acts as a preservative and flavour enhancer in various food products.
The micronized salt is widely used in food application due to its extensive application as preservative, flavour enhancing property and so on. Owing to the increasing demand of micronized salt in food & beverage industry, the growth of salt is increasing in the market. However, certain government initiatives and policies for salt reduction are hampering the growth of food micronized salt in the market. The various launches in the micronized salt are propelling the food micronized salt market growth. Additionally, the market has also evolved with respect to consumer needs and preference for prepared food. Thus, with the increase in prepared food popularity, the demand for micronized salt has also increased owing to its application and nature such as greater solubility, fine granules and so on.
This North America food micronized 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 market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Food Micronized Salt Market Scope and Market Size
North America food micronized salt market is segmented on the basis of basis of grade 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 grade, the North America food micronized salt market is segmented into purity 98% - 99.5% and purity above 99.5%. In 2021, purity above 99.5% segment has the largest market share as it highly preferred in the food industry owing to its purity and consistency in nature. They also tend to get solubilize easily.
- On the basis of application, the North America food micronized salt market is segmented into chocolate & confectionery, bakery, functional food, dairy products, dairy alternative, processed meat, poultry and seafood, canned/preserved fruits & vegetables, prepared meal, beverages and others. In 2021, bakery segment has the largest market share due to the increased usage in salts in bakery products which are used as anti-caking properties in the bakery products.
North America Food Micronized Salt Market: Country Level Analysis
North America food micronized salt market is analysed and market size information is provided by country, grade and application as referenced above.
The countries covered in the North America food micronized salt market report are U.S., Canada and Mexico.
US dominates the North America food micronized salt market due to extensive usage of micronized salt in food and beverage industry because of its consistency, solubility and fine granule nature.
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.
Rising Demand of Food Micronized Salt in Bakery Industry
North America food micronized salt market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in food micronized salt and changes in regulatory scenarios with their support for the North America food micronized salt market. The data is available for historic period 2010 to 2019.
Competitive Landscape and North America Food Micronized Salt Market Share Analysis
North America 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, India presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to North America food micronized salt market.
Some of the major players operating in the North America food micronized salt market are K+S Aktiengesellschaft, AHIR Salt Industries, INFOSA, Cargill, Incorporated, GHCL Limited, Compass Minerals, ACI Limited, and ICL among others.
Many launches are also initiated by the companies worldwide which are also accelerating the growth of North America food micronized salt market.
For instance,
- In October 2020, Cargill, Incorporated expanded its portfolio by adding new consumer friendly size of Diamond Crystal Kosher salt with 26 ounces into the shelf. The launch has helped to attract the consumers with wide product portfolio base.
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