Asia-Pacific 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 (China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific) Industry Trends and Forecast to 2028
Market Analysis and Insights: Asia- Pacific Food Micronized Salt Market
Asia- Pacific food micronized 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 3.5% in the forecast period of 2021 to 2028 and is expected to reach USD 1,159.34 million by 2028. Increasing demand of micronized salt in food and beverages industry is a major driver for the Asia- Pacific Food micronized salt market.
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 Asia- Pacific 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.
Asia-Pacific Food Micronized Salt Market Scope and Market Size
Asia-Pacific 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 Asia-Pacific food micronized salt market is segmented into purity 98% - 99.5% and purity above 99.5%. In 2021, the purity above 99.5% segment has the largest market share as it is widely utilized in the food and beverages sector because of the easy flowability properties.
- On the basis of application, the Asia-Pacific 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, the bakery segment has the largest market share due to the enhancing property of the micronized salt for the bakery segment.
Asia-Pacific Food Micronized Salt Market: Country Level Analysis
The Asia- Pacific 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 Asia- Pacific food micronized salt market report are China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, Indonesia, Philippines, and rest of Asia-Pacific.
China is dominating in the Asia Pacific food micronized salt market with the highest CAGR and highest market share due to increase number of launches by the major manufacturers in the 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 food micronized salt 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 Food Industry
Asia- Pacific 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 market. The data is available for historic period 2010-2019.
Competitive Landscape and Asia- Pacific Food Micronized Salt Market Share Analysis
Asia- Pacific 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 Asia- Pacific food micronized salt market.
Some of the major players operating in the Asia-Pacific food micronized salt market are K+S Aktiengesellschaft, Australian Saltworks, CIECH S.A., Ahir Salt Industries, INFOSA, WA Salt Group, Cheetham Salt, Cargill, Incorporated, KUTCH BRINE CHEM INDUSTRIES, GHCL Limited, ACI Limited, ICL and CHINASALT JINTAN CO., LTD. among others.
Many expansions are also initiated by the companies worldwide which are also accelerating the growth of Asia- Pacific food micronized salt market.
- 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.
Collaboration, joint ventures and other strategies by the market players is enhancing the company footprints in the food micronized salt market which also provides the benefit for organisation in its growth pace.