Vacuum salt is made using the vacuum evaporation process, which is one of the safest and high-quality production processes in the salt industry. Salt is a key ingredient in the food and beverage industry. With increasing awareness about health and health beneficial ingredients, consumers demand safer and purer ingredients in food and beverage products as well as for household uses.
Manufacturers of food and beverage products also seek the best possible salt for manufacturing their products. Vacuum salt acts as a flavoring agent and improves the taste and flavor of food and beverage products. These factors are bolstering the growth of the global vacuum salt market.
Find Out More about the Report Coverage
- K+S Aktiengesellschaft
- CIECH S.A.
- Tata Chemicals Ltd.
- AkzoNobel N.V.
- Suedwestdeutsche Salzwerke AG
- INEOS Group Limited
- Dominion Salt Limited
- Cerebos Ltd
- Cheetham Salt Group
- ACI Limited
- WA Salt Group
Rising Demand for Vacuum Salt from Chemical Industry to Boost Sales
Salt is one of the essential components in the production of all kinds of products and solutions. High chemical purity is required for most industrial applications. According to USFDA, 60% of all salt is consumed by the chemical industry. Vacuum salt is one of the purest forms of salt, with highly soluble characteristics, and can be easily mixed with any chemical component.
Low sulfate, bromide, and moisture levels contribute to the high chemical purity of vacuum salt. There is increasing production of chemicals such as fluorinated chemicals, antimicrobials, flame retardants, organic solvents, and certain metals. Thus, players in the vacuum salt market are targeting this industry to obtain high profits.
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Preference for Use of Vacuum Salt in Feed Production to Propel Market Growth
Salt is an essential element in creating balanced feed for animals, as they require salt in specific amounts to ensure the proper functioning of their metabolism and essential biological pathways. Conventionally, inexpensive salts such as rock salt and other low-grade salts are used for feed production.
However, recent restrictions regarding the purity of feed ingredients, globally, have made feed manufacturers shift to the use of high-quality feed ingredients for the targeted livestock. Ruminants are the major consumers of salt-based feed, as sodium is essential for high-quality milk production.
This is expected to encourage feed manufacturers to opt for vacuum salt over inexpensive salts in order to gain an advantage over competitors in terms of quality and results.
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Regional Landscape of Global Vacuum Salt Market
Europe has a well-established food and beverage industry. Consumers in European countries are highly aware of food products and ingredients, and seek high-purity vacuum salt for household use instead of rock salt. This demand is also witnessed by manufacturers of food & beverage products.
Key players are witnessing strong demand for high-purity vacuum salt from the pharmaceutical industry in the European region. Thus, the demand for high-purity vacuum salt is increasing at a rapid pace in the European region.
- AkzoNobel’s Specialty Chemicals business plans to expand its high-purity salt production in the Netherlands to meet the increasing demand from Europe for high-purity vacuum salt. The company began work on this plant in 2018, and it is expected to start operations by 2021.
Africa has the highest prevalence of malnutrition, and around 350 million people are at the risk of iodine deficiency, according to the World Health Organization. Governments and agencies in the region have used iodized salt to address this deficiency in the population. This trend is expected to lead to players in the vacuum salt market in the region improving their sales over the forecast period.
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The global vacuum salt market is witnessing moderate growth. South Asia and East Asia are anticipated to register the highest growth during the forecast period, while East Asia remains the top producer as well as consumer in the global vacuum salt market.
The increasing number of food & beverage and chemical manufacturers are contributing to the growth of the global vacuum salt market, as these two industries are the major end users of vacuum salt.
Key Segments of Global Vacuum Salt Market
PMR’s study on the global vacuum salt market offers information categorized into four key segments - end use, application, type, and region.
Key Questions Answered in Report
- How much is the vacuum salt market worth?
The global vacuum salt market is estimated to be worth US$ 10.5 Bn by the year 2031.
- What will be the demand outlook?
The vacuum salt market will witness a CAGR of 5% between 2021 and 2031.
- What was the last 5 year market CAGR?
The vacuum salt market locked a CAGR of 4% between 2015 and 2020.
- What are the key trends of the vacuum salt market?
The current trend is that of animal feed witnessing tremendous increase in demand for vacuum salt.
- What is driving the demand for vacuum salt?
The water softening industry is driving the demand, followed by increase in the production of several processed beverages and food products.
- What is the market share of top 5 players?
The top 5 players such as Tata Chemicals, AkzoNobel N.V., CIECH S.A., K + S Aktiengesellschaft, and INEOS Group Ltd. hold close to 80% of the market share.
- What are the top 5 countries driving demand?
The top 5 countries driving demand include the US, UK, China, India, and Australia.
- What is North America’s market Outlook?
North America holds more than 30% of the market share.
- At what percentage vacuum salt market is going to register growth in Europe?
Europe is expected to register growth at the rate of 3% in the vacuum salt market between 2021 and 2031.
- What are the key market statistics in Korea and Japan?
Japan and Korea are expected to bring about a major breakthrough in the vacuum salt market.