According to the analysis done by Persistence Market Research, the global vacuum salt market is experiencing steady rise since the past few years. The global market has witnessed positive yet slow growth since 2012 and is expected to register a CAGR of 3.4% throughout the period of forecast. In 2017, the global vacuum salt market reflected an estimate of around US$ 5600 Mn and is anticipated to touch a value higher than US$ 7 Bn by the end of the year of assessment. This growth can be attributed towards the rise in the production of processed food and beverage products, steady demand from the water softening industry, increasing production of processed and preserved meat products and expanding production of chlor-alkali products. However, the advent of salt replacers, seasonality of de-icing products and premium pricing of vacuum salts are challenging the growth of the global vacuum salt market.
Fine segment to glue its dominance in the global vacuum salt market
By type is one of the main categories of the vacuum salt market. The type category is segmented into granular, fine and briquette. Of these, the fine segment is expected to be the largest in terms of market value. The fine segment led the global vacuum salt market during the 2012-2016 timeline and is likely to retain its status quo in the coming years. By end of the assessment year (2025), this segment is expected to have a high market share and is estimated to reach a value of more than US$ 3100 Mn from a value of around US$ 2400 Mn in 2017 and is projected to grow at a value CAGR of 3.3% throughout the period of forecast.
Briquette segment in the type category is anticipated to be the fastest growing segment, yet reflects less valuation. This segment is projected to rise at a value CAGR of 3.8% during the period of forecast, 2017-2025 to touch a value of a bit over US$ 1 Bn by the end of the year of assessment, from a value of around US$ 872 Mn in 2017.
In North America and Europe, the fine segment is the second largest with a significant market share. On the contrary, the granular segment is expected to reflect high potential for growth of the global market. Briquette segment in the North America vacuum salts market is projected to grow at a relatively higher pace during the forecast period. Fine segment in the Europe vacuum salt market is estimated to touch a valuation of around US$ 440 Mn by the end of the year of assessment. The Latin America vacuum salt market growth rate is influenced by the high value CAGR of the granular segment that is expected to touch more than 4% during the assessment period. In Asia Pacific vacuum salt market, the fine segment is almost double in market valuation than that of the granular segment. The briquette segment in the Asia Pacific vacuum salt market is projected to grow at a moderate value CAGR of 4.6% throughout the period of forecast.
Persistence Market Research uses a unique research methodology which is a strong blend of secondary and in-depth primary research. Extensive primary interviews with key market players, stakeholders, market observers and experts are carried out to collect necessary data and information pertaining to various segments and across key regions. The data crunching and statistical analysis so performed undergoes multiple layers of validation to garner appropriate market insights which could benefit business by impacting critical decisions. The exhaustive research methodology has been applied to thoroughly understand and study the market for vacuum salt and the findings and insights have been skilfully crafted following a systematic structure in the new report titled “Vacuum Salt Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”.
Providing a 3600 view of the global market
The market research report on global vacuum salt is a comprehensive market research study which focuses on the global scenario and provides actionable acumen on various factors which influence the market which is possible with the help of strong data and statistical analysis. It delivers an unbiased view of the market by including analysis on various market segments across the major geographies of North America, Latin America, Europe, Asia Pacific and Middle East and Africa (MEA). The global research report on vacuum salt market has an in-depth weightage on statistics, figures, numbers and graphs which is based on a clear market definition. This will enable the reader to take informed decisions with the help of well-furnished insights. The upcoming trends and developments, new innovations in products and varying product portfolios, new acquisitions, end user analysis and much more actionable acumen give a 3600 view to the market ultimately providing the reader with necessary tools to devise strategies in order to establish firm grip in a particular region or in a particular segment in the global vacuum salt market.
A detailed competitive analysis included in the research report
The global vacuum salt market research study covers competitive landscape that includes market shares, revenues, growth strategies applied, product portfolio analysis, distribution channels, expansion in several geographies, marketing strategies, SWOT analysis, pricing analysis, etc., of the various key players in the global vacuum salt market. Such an intelligence framework can be used to gain competitive advantage in the long run, especially helpful for new entrants in the vacuum salt market.
Delivering value to key stakeholders