Salt Additives Market

Salt Additives Market Size, Share, Growth (2023-2028)

Salt Additives Market Size is anticipated at USD 36.25 billion in 2023 and is likely to range from over USD 55 billion by 2028.

Salt Additives Market Overview:

Salt Additives Market is estimated to experience reasonable growth to record a CAGR of 6.25% throughout the estimated period (2022 - 2027). specifies that the salt may contain up to 2% free-flowing food-grade agent conditioners and anti-caking agents.

Recent Developments in Salt Additives Industry:

• In April 2021, Stone Canyon Industry Holdings LLC and its holding company SCIH Salt Holdings Inc. made an agreement with the Department of Justice to resolve their investigation into the acquisition of the SCIH Inc.'s Morton Salt Project. Under the settlement agreement, which is subject to review by the Tunney Act, Stone Canyon, and SCIH must divest all evaporated salt assets to complete the Morton acquisition. This settlement agreement is notable because the assignment consisted of the buyer divesting its own assets to reach an agreement without an assignment buyer being identified.

• Michelman acquired the Licomer business from Clariant, based in Europe. The company has appointed Vladimir Nuñez as Commercial Director of Licomer.

• The Brazilian unit of Cargill Inc reached an agreement to acquire a national manufacturer of balanced feed, an executive said. Cargill has sought to diversify into new businesses as global grain traders face reduced margins due to excess harvests.

REPORT COVERAGE:

Salt Additives Market Drivers and Restraints:

The salt additives market is expected to experience remarkable growth during the forecast period. The increasing level of awareness among people and increasing health awareness among people regarding diet and health are expected to drive market demand growth. It is designed to stimulate metabolism so that the body can burn calories more efficiently. It can also help with cravings. The main limitation is the harmful health effects caused by salt additives, such as high blood pressure and increased consumer preferences for low-salt products.The main limitation is the harmful health effects caused by salt additives, such as high blood pressure and low blood pressure, linked to salt consumption, and increased consumer preferences for low-end products in salt are limiting factors for the Salt Additives Market.

Salt Additives Market Segmentation Analysis:

Type:

• Iodine

• Anti-caking agents

• Fluid agents or conditioning agents

Iodine is anticipated to be the main part owing to the high use of potassium iodide as a dry component in the salt throughout the manufacturing process.

Application:

• Food grade salts

• Industrial chemicals

• Water conditioning

• Agriculture

In the middle of these industrial chemicals, it is anticipated to be the foremost section owing to the increasing use of salt additives in the manufacturing chemicals applications section.

Salt Additives Market Regional Analysis:

• North America

• Europe 

• The Asia Pacific

• Latin America 

• The Middle East and Africa

North America Salt Additives Market is estimated to be the highest share in the Global Market among all regions.

North America is estimated to be the top market segment in the total salt additives market among all regions. In North America, the United States is the most dominant country because iodine is added as potassium iodide in salt and is one of two sources of iodine authorized by the FDA (Food and Drug Administration).

Nonetheless, Asia-Pacific is likely to see outstanding development owing to growing consumer awareness of the usage of numerous Salt Additives in many applications such as agriculture and food. Europe was third the largest Salt Additives Market in 2015. Latin American is anticipated to make substantial opportunities for companies operating in the Salt Additives Market.

The Middle East and Africa are some of the main emerging regions, which will generate significant opportunities in the Salt Additives Market during the anticipated period due to the fact that the different salt manufacturers have made common salt and iodized salt available to final consumers at the same price.

Salt Additives Market Key Players:

1. Cheetham Salt Ltd

2. Cargill

3. Alaska Pure

4. AkzoNobel Industrial Chemicals

5. CK Life Sciences Int'l., (Holdings) Inc

6. PPG Industries, Inc

7. Tata Chemicals Limited

8. IodiTech