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Vacuum Salt Market Trends

  • Report ID: GMI11718
  • Published Date: Oct 2024
  • Report Format: PDF

Vacuum Salt Market Trends

The vacuum salt industry is experiencing significant growth, driven by increasing demand across various industries. According to the U.S. Geological Survey, the total domestic salt production in the United States reached approximately 42 million metric tons in 2020, with vacuum pan salt accounting for about 8% of this production. The food processing sector remains a major consumer, with the U.S. Food and Drug Administration reporting that Americans consume an average of 3,400 milligrams of sodium per day, much of which comes from processed foods using vacuum salt.
 

In the pharmaceutical industry, the World Health Organization estimates that over 50% of all drug formulations contain salt, highlighting the importance of high-purity vacuum salt in this sector. The water treatment industry also contributes significantly to market growth, with the U.S. Environmental Protection Agency reporting that approximately 16,000 publicly owned treatment works serve over 250 million Americans, many of which utilize vacuum salt in their processes. These statistics underscore the diverse applications and growing importance of vacuum salt across multiple sectors.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of vacuum salt reached USD 8.3 billion in 2023 and is set to grow at a 4.8% CAGR from 2024 to 2032, driven by increasing demand in the food and beverage industry and water treatment sectors.

The fine segment is anticipated to reach USD 7.2 billion by 2032, growing at a CAGR of over 5% during the forecast period, propelled by the demand for high-purity, consistent-quality salt in various industries.

The supermarkets/hypermarkets segment is expected to observe around 4.3% CAGR through 2032, with a market size of USD 3.5 billion. These retail channels play a crucial role in distributing vacuum salt, providing consumers with extensive access to a range of products.

The Europe market is projected to reach approximately USD 4.3 billion, with a 4.6% CAGR from 2024 to 2032. The market experiences robust demand across various industries, including food processing, pharmaceuticals, and water treatment.

Top companies in the industry include AkzoNobel, INEOS Group, Dominion Salt Limited, Cerebos Ltd, Cheetham Salt, ACI Limited, WA Salt Group, Infosa, and Nirma Limited Company.

Vacuum Salt Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 9
  • Tables & Figures: 172
  • Countries covered: 21
  • Pages: 200
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