Asia-Pacific 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 and Others), Distribution Channel (Direct and Indirect), End User (Food & Beverages Industry and Food Service Sector) and Application (Food Products, Sport Nutrition, Beverages and Animal Feed), Country (China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, New Zealand, Indonesia, Philippines and Rest of Asia Pacific) Industry Trends & Forecast to 2028
Market Analysis and Insights: Asia-Pacific Food Grade and Animal Feed Grade Salt Market
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 3.9% in the forecast period of 2021 to 2028 and is expected to reach USD 4,293.79 million by 2028. The high demand of the food grade and animal feed grade salt and the emerging economy are accelerating the growth of the 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 food grade salts have extensive application in the food industry and foodservice sector. In addition, the food grade salt is used in the production of bakery products, dairy products, processed meat, convenience food products, chocolates & confectionery, sports nutrition, and beverages. Moreover, salt is an essential ingredient in animal feed products.
The food grade salt is also known as common table salt, which is widely used in food applications. Based on the type of salt, the extraction method varies into solar evaporation, vacuum evaporation and mining process. Rock salt is available as Himalayan salt, kosher salt, black salt and curing salt in the market. Similarly, sea salt is segmented into smoked salt, Hawaiian salt, fleur de sel and flake salt. Due to the increasing demand for food grade salt in food & beverage industry, the growth of salt is increasing in the market. Similarly, the increased usage of salt in animal feed is also boosting the growth in the market. However, certain government initiatives and policies for salt reduction are hampering the growth of food grade salt in the market. The various launches in the food grade salt are propelling the market growth.
The 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 market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Food Grade and Animal Feed Grade Salt Market Scope and Market Size
Asia-Pacific food grade and animal feed grade salt market is segmented into six segments which are based on 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 in food grade and animal feed salt is expected to dominate the market due to the factors such as the increased production of sea salt in this region.
- 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% in food grade and animal feed grade salt is expected to dominate the market as it highly preferred in the food industry in Asia-Pacific region owing to increasing health concern about the customers.
- 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 in food grade and animal feed grade salt is expected to dominate the market as it is widely practice to extract the salt from the water in the Asia-Pacific region.
- On the basis of distribution channel, the food grade and animal feed grade salt market is segmented into direct and indirect. In 2021, direct channel in food grade and animal feed grade salt has expected to dominate the market as the salt company is directly connecting with the customers in the region.
- 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 & beverage industry in food grade and animal feed grade salt is expected to dominate the market as it is extensively used in the production of processed food products in Asia-Pacific region.
- 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 in food grade and animal feed grade salt is expected to dominate the market due to the increased utilization of salt in the processed food products.
Asia-Pacific Food Grade and Animal Feed Grade Salt Market Country Level Analysis
The food grade and animal feed grade salt market is analyzed and market size information is provided by product type, purity, production processes, distribution channel, end user and application.
The countries covered in the Food grade and animal feed grade salt market report are China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, New Zealand, Indonesia, Philippines and Rest of Asia Pacific
Asia-Pacific region is growing with the CAGR owing to the higher production of salt due to the increasing demand in the food industry have boosted the market in Asia-Pacific 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 Asia-Pacific 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 Asia-Pacific Food Grade and Animal Feed Grade Salt Market is Creating New Opportunities for Players in the Asia-Pacific Food Grade and Animal Feed Grade Salt
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 2011 to 2019.
Competitive Landscape and Asia-Pacific Food Grade and Animal Feed Grade Salt Market Share Analysis
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 source lifeline curve. The above data points provided are only related to the company’s focus related to food grade and animal feed grade salt market.
Some of the major players operating in the food grade and animal feed grade salt market are Cargill Incorporated, SAN FRANCISCO salt co., K+S Aktiengesellchaft, WA salt group, Ahir salt industries, Ciech S.A. and Cheetham salt among others.
For instance,
- In January, 2021, Cargill Incorporated launched new purified sea salt flour into the market. This specialty, powder-type sea salt was created to help food manufacturers bring their products to the next level into the market.
Exhibition, partnership, joint ventures and other strategies by the market player 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 palatability modifiers.
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