Compass Minerals, ICL and Cheetham Salt are Dominating the Global Food Micronized Salt Market in 2021

Global Food Micronized Salt Market is expected to grow with the CAGR of 3.5% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global food micronized salt market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global food micronized salt market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In September 2020, ZOUTMAN introduces sea salt pepper and fleur de sel product in the market. This product available in the portion sachets which helps to season the food in the food service sector. The increasing demand for portion packs encourages the company to launch new products in the market and increase the growth rate. With the product launch, the company tends to attract more consumers which may increase the company’s sales and revenue. This launch of the products will be expected to provide special attention of the customers as well as helpful for expansion of portfolio.

Compass Minerals is the dominating player in global food micronized salt market. Other market players in the market are Südwestdeutsche Salzwerke AG, K+S Aktiengesellschaft, Australian Saltworks, CIECH S.A., Ahir Salt Industries, British Salt, Salinity Ab, INFOSA, ZOUTMAN NV, WA Salt Group, Cheetham Salt, Cargill, Incorporated, SAN FRANCISCO SALT CO, KUTCH BRINE CHEM INDUSTRIES, GHCL Limited, Wilson Salt, ACI Limited, ICL and CHINASALT JINTAN CO.,LTD. among others.

Food Micronized Salt Market

Compass Minerals

Compass Minerals is headquartered in Kansas, U.S. and was founded in 1844. The company focuses on the production of salt as the largest business segment which can also be used as culinary salt and other purposes as well. The company wide range of product categories such as, salt, plant nutrients, magnesium chloride and sustainable storage. Among these the market focused category is salt.

For instance,

  • In May 2020, Compass Minerals were recognized by Ingram’s magazine among the winners of Kansas’s city ‘Best Companies to Work for ‘list 2020. This recognition helped the company to get recognition among the consumers for their collaborative environments and management practices. This development helped the company gain consumers' attention, which may increase sales and revenue.

The company has presence in North America, South America and Europe.

ICL

ICL is headquartered Tel Aviv-Yafo, Israel which was established in 1968. The company focuses on the manufacturing of various day-to-day usage of food ingredients and its distribution across the globe. The company offers wide range of product category in agriculture energy, industrial, health & personal care, turf & landscape, AgTech, ornamental horticulture, transportation, construction, animals, food, water & waste treatment, paints & coatings where the market focused category is food.

For instance,

  • In April 2021, ICL signed a contract with Indian Potash limited, to supply an aggregate 600, 00 metric tons of potash enriched potassium salt. This agreement will benefit the company to increase their product portfolio, thereby increasing the sales and revenue.

The company has a presence in Americas, Middle East, Asia-Pacific, and Europe.

Cheetham Salt

Cheetham Salt is headquartered in Melbourne, Australia which was founded in year 1888. The company is focused on offering wide variety of particle sized salts to cater needs in food industries. The company offers various product categories such as mermaid, mermaid finest, sunray, right animal mix (R.A.M), crown, diamond and unicorn among which mermaid and unicorn are the market focused category.

For instance,

  • In 2018, Cheetham Salt completely acquired Dominion salt, New Zealand. Dominion Salt is a leading salt company that harvests salt from pristine waters from the pristine waters of the Southern Pacific. This acquisition will expand the company’s presence in New Zealand.

The company has presence in Australia.