Sea Salt Market: Market Outlook
Sea salt is obtained from the evaporation of seawater and is also known as bay salt or solar salt. The evaporation is practiced by either sunlight-based dissipation or by the quick vacuum evaporation process. Top- quality sea salt is said to contain 60 trace minerals that add flavor and color to the sea salt and have wide applications in the food and cosmetic industry. Sea salts are unrefined with possessing the same basic nutritional value like table salt with a comparable amount of sodium by weight but is often promoted as a more-healthier option.
Consumers today are concerned about what food they eat and prefer alternatives that are less processed and do not contain added preservatives. Sea salt is less processed as compared to table salt, which goes through long processing procedures with chemical treatment. Sea salt is more expensive compared to other salts on the price scale, which proves to be a restrain for the sea salt market.
Sea Salt Market: Market Dynamics
Consumers demand health-beneficial ingredients to drive the market for sea salt
With the various amount of nutrients in sea salt, it is said to have a good hydration level while reducing fluid retention and balancing electrolytes along with properties associated with improving digestion. Sea salt is also suggested for patients with blood pressure problems. Owing to the health benefits of sea salt the demand for it is anticipated to increase in the forecasted period.
Increased number of applications of Sea Salt to boost its sales
Sea salt has various applications in food as well as non-food industries. Sea Salt is known to be beneficial for skin owing to its potent mineral content which has anti-inflammatory properties. Many beauty products have sea salt as a major ingredient for exfoliation, providing nutrients to the skin and for increasing blood circulation for treating psoriasis, acne, eczema, and anti-aging. Other application area includes agriculture, animal feed, water treatment plants, swimming pools and melting of ice are some of the industrial applications.
Global Sea Salt Market: Segmentation
Based on packaging, the global sea salt market has been segmented as
Based on application, the global sea salt market has been segmented as
Based on the distribution channel, the global Sea Salt market has been segmented as
Based on end-use, the global Sea Salt market has been segmented as
Based on region, the global Sea Salt market has been segmented as
Global Sea Salt Market: Key Players
Some of the key players in the Sea Salt market are Amato Food Products Ltd, INFOSA, Qinghai Salt Lake Industry Co., Ltd., Morton Salt, Inc., Westlab Limited, Cerebos Australia, Clearspring Ltd, and others.
Opportunities for Market Participants in the Sea Salt Market-
With the increasing number of consumers demanding additional nutrition in their diet the demand for Sea Salt is expected to increase. Consumers looking for natural alternatives are also increasing triggering opportunity for sea salt to be included in the natural food as an ingredient. The requirement of less processed and without chemical treatment ingredients is increasing and with various applications that sea salt offers there is an expected better market scenario for the manufacturers involved in the global sea salt market.
Global Sea Salt Market: Regional Outlook
The consumption of sea salt is expected to be higher in Europe and North America region since they have well-established food market and consumer awareness about the benefits of natural ingredients is seen more in these regions. Europe is anticipated to have high volume sales as there is a high consumption rate witnessed by the cosmetic and food industries. The Asia-Pacific has seen strong growth rates in the food industry with high purchasing power countries like India and China thus increasing sales opportunities for the sea salt market.
COVID-19 Impact on Global Sea Salt Market
With the decline in the trading activities owing to the spread of COVID-19 globally has created a cascading effect on the salt industry. The restrictions have deteriorated the supply-chain. Although, salt is a necessary commodity the transport restrictions may affect the sales for it. Sea Salt finds it applications in major food processing, foodservice, and cosmetic industries, which have come to grinding halt or are operating with fewer employees. Thus, the sea salt market may witness a moderate impact due to COVID-19 disease.