Global Food Grade Salt Market Overview:
Food Grade Salt Market Size was estimated at 18.87 (USD Billion) in 2022. The Food Grade Salt Market Industry is expected to grow from 19.38(USD Billion) in 2023 to 24.61 (USD Billion) by 2032. The Food Grade Salt Market CAGR (growth rate) is expected to be around 2.69% during the forecast period (2024 - 2032).
Key Food Grade Salt Market Trends Highlighted
The global food-grade salt market is propelled by a surge in the demand for processed and packaged food products. The growing awareness of health and wellness has led to an increased preference for iodized salt, which is driving the market. Moreover, the rising disposable income and changing consumer lifestyles are also contributing to the market growth.
Key market drivers include the growth of the food processing industry, increasing urbanization, and changing consumer preferences. The opportunities to be explored or captured in this market lie in the development of innovative salt products that cater to specific consumer needs, such as reduced-sodium salts and fortified salts.
Recent trends in the food-grade salt market include the increasing use of natural and organic salts, the growth of the private label segment, and the development of sustainable salt production practices. The market is also witnessing a shift towards bulk packaging to cater to the rising demand from food manufacturers.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Food Grade Salt Market Drivers
Rising Demand for Packaged Food Products
Food-grade salt is witnessing increased demand due to the growing popularity of packaged food products, especially in emerging economies. The convenience, longer shelf life, and ease of preparation afforded by packaged food products are contributing to the market growth. Made from food-grade salt, packaged food products include processed meat, canned vegetables, dairy products, and many more. As the demand for packaged food products increases, the demand for the market in focus is set to grow.There are many factors that have contributed to the rising demand for packaged food products, such as the increasing rate of urbanization and changing lifestyles in emerging economies. Urban consumers are increasingly opting for ready-to-eat, convenient food products as they have less time for cooking. They can choose from a range of packaged food products to prepare and consume it with ease. Meanwhile, the growth of the food processing industry is another aspect driving the demand for the market in focus.Food-grade salt serves as a preservative, flavor carrier, and color protectant in the production of a variety of food products. The increasing number of food processing companies is likely to drive the growth of the market worldwide. These are some of the market drivers of the Food Grade Salt Market Industry.
Increasing Health Consciousness
Today, consumers are more concerned about health and try to choose healthier food. Iodized salt, one of the types of food-grade salt, in particular, plays an important role in organic life. Iodine is an important nutrient required for normal thyroid function and brain development. People are not able to produce this essential nutrient, therefore the need for iodine should be met through their diet. Iodized salt is the most effective and inexpensive way to avoid iodine deficiency and subsequent iodine deficiency disorders Iodine deficiency disorders may manifest as goiter, hypothyroidism, and various levels of intellectual disability.New approaches to the use of iodized salt to support health are sparking a boom in the food-grade salt market. Due to the constant efforts of the government and various health organizations, there is a growing demand for iodized food-grade salt in areas where iodine deficiency is common due to its health and nutritional properties. This is one of the main drivers of market growth. In addition, the growing popularity of natural and minimally processed products has driven the market for food-grade salt, which is perceived by the general population as a natural and healthy source of salts.
Expansion of the Food Service Industry
Food service industry, which consists of restaurants, cafes, and catering services, among others, is a major consumer of food-grade salt. Food-grade salt is an ordinary table or cooking salt used in food preparation and cooking works. It is used in a variety of ways including seasoning, brining for meat and vegetables, preservation either by drying or salting in water solution, and enhancing flavors. The demand for this commodity is expected to rise with the growth of the food service industry, especially in the emerging economies.Modern lifestyles have made the consumption of food through restaurants and catering services popular.With the new technologies in the global market, food processing and preservation has greatly improved resulting to longer shelf lives of various products. In addition, food costs have increased forcing some consumers to eat from restaurants as a cheap alternative to preparing and storing their products. The expenditure on food in most emerging economies is expected to increase with the rising disposable income. The high demand for restaurant and catering services will in the long run create the demand for food-grade salt.In addition, the use of food delivery and takeout services that enable people to eat restaurant food at home is becoming popular across many economies and it also requires food-grade salt.
Food Grade Salt Market Segment Insights:
Food Grade Salt Market Application Insights
The application segment of the Food Grade Salt Market is characterized by its high-relevance, given that different industries rely on food grade salt for preserving, flavoring, and meeting specific functional requirements. Therefore, the dairy industry, bakery products, meat products, food processing, and pharmaceuticals are the most prominent food grade salt consumers. The dairy industry represents a strong share of the Food Grade Salt Market revenue. The dairy industry uses salt for preserving dairy products such as cheese, butter, and yogurt and enhancing their taste.The bakery industry also represents a strong application segment of the Food Grade Salt Market. Salt is an integral part of dough preparation that gives the bread, pastries, and cakes its texture, flavor, and aroma. Meat products, which include processed meats and poultry, are also strong consumers of food grade salt. Salt is used in preparing meat products for preservation, flavor enhancement, and curing. The growing demand from the meat industry is expected to boost the Food Grade Salt Market. Food processing remains another strong application of food grade salt, which is used as a preservative, flavor enhancer, and binder of various processed food products.
The pharmaceutical industry is an important contributor to the food grade salt application segment. The shaping of pharmaceutical salt as intravenous fluids, tablets, and other forms of medication is a strong use of food grade salt. With the growing demand for healthcare products, the pharmaceutical industry is expected to offer new opportunities for the growth of the food grade salt market. Notably, the application segment of the Food Grade Salt Market is characterized by the diversity of industries using food grade salt for different functional and taste-enhancement purposes.With the continued growth of the dairy industry, bakery products, meat products, food processing, and pharmaceuticals, the demand for food grade salt is expected to continue growing, boosting the market over the years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Food Grade Salt Market Grade Insights
Food Grade Salt Market by Grade The Grade segment of the Food Grade Salt Market is segmented into High Purity Salt, Industrial Salt, Pickling Salt, and Table Salt. In 2023, the High Purity Salt segment held the largest market share of 35.2%, and is projected to grow at a CAGR of 2.9% over the forecast period. Industrial Salt segment is expected to experience significant growth, owing to increasing demand from various industries, such as chemical, food processing, and water treatment. Pickling Salt segment is projected to grow at a rather steady pace, owing to the growing popularity of a variety of pickled food products.Finally, the Table Salt segment is expected to grow at a moderate rate, owing to the increasing number of packaged food products. The Food Grade Salt Market will reach USD 20.54 billion in 2024, as it is growing at a CAGR of 2.8% during the period from 2017 to 2024.
Food Grade Salt Market Salt Type Insights
The Food Grade Salt Market segmentation by Salt Type includes Sodium Chloride, Potassium Chloride, Calcium Chloride, and Magnesium Chloride. Sodium Chloride, the most common type of salt, is expected to dominate the market with a revenue of 12.41 billion USD by 2024. Potassium Chloride, a substitute for Sodium Chloride, is anticipated to grow significantly due to rising health concerns. Calcium Chloride and Magnesium Chloride, used in various industrial applications, are projected to contribute to the overall market growth.
Food Grade Salt Market Distribution Channel Insights
The Food Grade Salt Market is segmented based on distribution channel into direct sales, distributors, retail stores, and online platforms. Among these, direct sales accounted for the largest revenue share in 2023 and is projected to continue its dominance over the forecast period. This growth can be attributed to the increasing preference for bulk purchases by large-scale food manufacturers and industrial users. Distributors play a crucial role in reaching smaller-scale customers and expanding the market reach, while retail stores cater to individual consumers and offer a wide variety of food-grade salt options.Online platforms have gained traction in recent years, providing convenience and access to a global customer base. The increasing adoption of e-commerce and the growing popularity of online grocery shopping are driving the growth of the online distribution channel for food-grade salt.
Food Grade Salt Market Packaging Type Insights
The Packaging Type segment of the Food Grade Salt Market is anticipated to grow significantly in the coming years, driven by the increasing demand for packaged food products and the growing popularity of convenience packaging. Bags, bulk bags, drums, and buckets are the primary packaging types used in the food grade salt industry. Bags are the most commonly used packaging type for food grade salt, owing to their low cost, versatility, and ease of handling. Bulk bags, on the other hand, are preferred for large-volume storage and transportation, as they offer durability and protection from external factors.Drums and buckets are also widely used for packaging food grade salt, especially for industrial and commercial applications. In 2023, the Food Grade Salt Market revenue for the Packaging Type segment is estimated to be around USD 12.5 billion. The market is projected to grow at a CAGR of 3.2% during the forecast period, reaching a valuation of USD 15.6 billion by 2030. The growth is attributed to the rising demand for packaged food products, increasing urbanization, and the growing popularity of convenience packaging. Key market players are focusing on developing innovative packaging solutions to cater to the evolving needs of consumers.For instance, some manufacturers are introducing biodegradable and recyclable packaging options to reduce environmental impact. The Packaging Type segment is expected to remain highly competitive in the coming years, with players vying for market share through product differentiation and strategic partnerships.
Food Grade Salt Market Regional Insights
Regionally, North America held the largest market share in 2023, accounting for around 35% of the Food Grade Salt Market revenue. The dominance of North America can be attributed to the presence of a well-established food processing industry, increasing awareness about the health benefits of consuming iodized salt, and the growing demand for convenience food products. Europe is expected to be the second-largest market for food-grade salt, owing to the increasing popularity of processed food products and the growing demand for high-quality food ingredients.APAC is anticipated to witness significant growth in the coming years due to the rising population, urbanization, and changing dietary habits. The South American and MEA markets are expected to contribute steadily to the Food Grade Salt Market growth, primarily driven by the growing demand for processed food products and rising disposable incomes.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Food Grade Salt Market Key Players And Competitive Insights:
Major players in Food Grade Salt Market industry are focusing on expanding their geographical presence through strategic partnerships and acquisitions. Leading Food Grade Salt Market players are investing heavily in research and development activities to develop innovative products and solutions. The Food Grade Salt Market is expected to witness significant growth over the forecast period, owing to increasing demand from the food and beverage industry.Cargill, a leading player in the Food Grade Salt Market, has a strong global presence with a wide range of products and solutions. The company is focused on providing high-quality products and services to meet the growing demand from its customers. Cargill has a strong distribution network and a team of experienced professionals who provide technical support and customer service.AkzoNobel, a competitor in the Food Grade Salt Market, is a global leader in the specialty chemicals industry. The company has a wide range of products and solutions that cater to the needs of various industries, including the food and beverage industry. AkzoNobel has a strong commitment to sustainability and innovation, and is focused on developing products that meet the highest standards of quality and safety.
Key Companies in the Food Grade Salt Market Include:
Food Grade Salt Market Industry Developments
The Food Grade Salt Market is expected to reach USD 24.61 billion by 2032, exhibiting a CAGR of 2.69% during the forecast period (2023-2032). Rising consumer demand for processed and packaged food products, coupled with the growing popularity of convenience foods, is driving market growth. Moreover, increasing urbanization and changing dietary habits, especially in developing countries, are further contributing to the demand for food grade salt.Recent news developments and current affairs in the food grade salt market include the launch of new products by key players, such as Cargill's launch of its new line of sea salt products in 2023. Additionally, the growing adoption of sustainable practices in the food industry is leading to increased demand for eco-friendly food grade salt options. Furthermore, the rising awareness of the health benefits of certain types of salt, such as pink Himalayan salt, is expected to drive market growth in the coming years.
Food Grade Salt Market Segmentation Insights
| Report Attribute/Metric |
Details |
| Market Size 2022 |
18.87(USD Billion) |
| Market Size 2023 |
19.38(USD Billion) |
| Market Size 2032 |
24.61(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
2.69% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Dow Chemical ,FMC Corporation ,The Salt Company ,AkzoNobel ,National Salt Company ,Vacuum Salt Company ,Compass Minerals International ,Ingredion Incorporated ,North American Salt Company ,K+S AG ,Morton Salt ,Olin Corporation ,Nexeo Solutions ,Cargill |
| Segments Covered |
Application ,Grade ,Salt Type ,Distribution Channel ,Packaging Type ,Regional |
| Key Market Opportunities |
Rising demand in processed food increasing awareness of salts health benefits growing popularity of iodized salt expanding application in livestock feed surging consumption in emerging markets |
| Key Market Dynamics |
Rising health awareness Increasing demand for processed food Growing population Technological advancements Expanding applications in the food industry |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Food Grade Salt Market was valued at 19.38 billion U.S. dollars in 2023 and is projected to reach 24.61 billion U.S. dollars by 2032, exhibiting a CAGR of 2.69% during the forecast period.
Asia Pacific held the largest market share in the Food Grade Salt Market, accounting for 43.1% of the total revenue in 2023. The region's large population and growing demand for processed foods are key factors driving market growth.
Food grade salt is primarily used in the food industry for various purposes, including food preservation, flavor enhancement, and as a curing agent. It is commonly used in the production of processed foods, such as canned goods, meat products, and dairy products.
Key players in the Food Grade Salt Market include Cargill, Morton Salt, AkzoNobel, Compass Minerals, and Tata Chemicals. These companies hold a significant market share and compete based on factors such as product quality, distribution network, and customer service.
Increasing population, rising demand for processed foods, and expanding food and beverage industry are the prominent factors driving the growth of the Food Grade Salt Market. Additionally, growing awareness of salt's nutritional value and its use in various industrial applications contribute to market expansion.
Market participants in the global food grade salt industry may face challenges related to stringent government regulations, changing consumer preferences toward low-sodium diets, and intense competition from alternative salt substitutes. These factors could potentially hinder market growth to some extent.
The Food Grade Salt Market is witnessing a growing trend toward the adoption of natural and organic salt varieties. Consumers are becoming increasingly health-conscious and are seeking healthier salt options. Additionally, there is a rising demand for iodized salt to address iodine deficiency in certain regions.
The COVID-19 pandemic had a moderate impact on the Food Grade Salt Market. During the initial stages of the pandemic, there was a surge in demand for salt as consumers stocked up on essential food items. However, as the pandemic progressed, the market experienced a decline due to disruptions in supply chains and reduced demand from the hospitality industry.
The Food Grade Salt Market is expected to continue growing steadily over the coming years. Increasing population, rising disposable income, and growing awareness of the importance of salt in maintaining a healthy diet are key factors expected to drive market growth. Additionally, the expansion of the food and beverage industry and the growing demand for processed foods are likely to contribute to the market's growth prospects.
The competitive landscape in the Food Grade Salt Market is influenced by factors such as product innovation, strategic partnerships, and mergers and acquisitions. Key players are focusing on developing new products, such as iodized salt and low-sodium salt, to cater to changing consumer preferences. Additionally, companies are forming strategic partnerships to expand their market reach and enhance their distribution networks.
