Micronized Salt Market Analysis, Size, Share, Growth and Opportunity Assessment till 2028
the global micronized salt market with a promising CAGR of 3.6% and a value of US$ 3,305.8 Mn by the end of 2028.
[UKPRwire, Fri Apr 12 2019] The expanding database of Market Research Reports Search Engine (MRRSE) has been recently updated by the addition of a new study which is titled as “Micronized Salt Market Analysis, Size, Share, Growth and Opportunity Assessment till 2028”. The fact-based research report on the global Micronized Salt market covers various aspects such as trends, drivers, challenges and opportunities that have an influence on the growth and expansion of the global market. All these factors are analyzed across key regions of Latin America, North America, Europe, Middle and Africa (MEA) and the Asia Pacific. In order to provide an accurate forecast, analysts have presented the current market, which forms the basis of how the metal caps and closures market is expected to develop in the future.
Micronized salt finds a broad spectrum of application in the food and beverage industry, on the back of its finely powdered form utilized to achieve enhanced solubility. With the fast-track lifestyle led by the consumers, demand for ready-to-eat food products has been widely prevalent. As a result, there has been an increase in the demand for a longer shelf life of food products, which is fulfilled by the micronized salt.
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Increasing popularity of micronized salt in the processed food industry can be attributed to its consistency and purity. In addition to the processed food, micronized salt deemed as an ideal flavoring agent extends the shelf life of vegetables and meat. Extensive use of micronized salt in end-use applications such as milk and dairy products, bakery and confectionery products, and beverages is expected to drive steady growth to the global micronized salt market.
As micronized salt has a purity level of about 98%, the manufacturers of the industry are rapidly replacing the traditional solar salt with micronized salt, in order to curtail the impurity level and have high efficiency for numerous food & beverage applications. A host of these factors are predicted to fuel the growth of the global micronized salt market with a promising CAGR of 3.6% and a value of US$ 3,305.8 Mn by the end of 2028.
The comprehensive report also offers valuable insights into the opportunities, value forecasts, restraints, drivers, and trends affecting the micronized salt market. Robust methodology has been devised to draw precise information and arrive at an accurate forecast for this report. Interviews with the manufacturers and industry experts have been carried out to fetch important data about the micronized salt market.
Primary and secondary sources have been utilized to obtain key insights on the micronized salt market. The secondary sources include the study of press releases, white papers, industry presentations, association publications, and annual reports of the company, apart from industry magazines and paid database subscriptions. A host of these researches aid in deriving statistics, base year numbers as well as market hypothesis.
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Several macroeconomic and microeconomic factors have been analyzed, in order to offer an incisive view of the micronized salt market. Key market drivers of micronized salt such as per capita food growth & beverage consumption, economic performance, sector performance, performance of the top players, and chemicals industry growth. The research framework further includes key financial ratios, analysis of market attractiveness, macroeconomic factor performance, and y-o-y growth projections are studied closely to draw accurate estimates.
An analysis of the market attractiveness has been studied on the basis of grade, application, and region. Depending on the grade, the micronized salt market is bifurcated into purity above 99.5% and purity between 98% to 99.5%. Based on the applications, the micronized salt market can be fragmented into canned or preserved fruits and vegetables, beverages, milk and dairy products, meat, sea foods, and poultry, and bakery and confectionery products.
On the basis of the regions, the micronized salt market can be divided into India, Japan, China, the Middle East and Africa, Eastern Europe, Latin America, South East Asia and Pacific, Western Europe, and North America. A detailed market size based on the historical data has been highlighted in the report for 2013 to 2017. In addition to this, the current and future market size has been forecasted in this detailed report. A brief analysis of the country-wise market attractiveness has been assessed in the report, in order to help the stakeholders of the micronized salt market with authentic information.
Micronized Salt Market: Competitive Landscape
The market study on micronized salt lends an incisive view of the emerging as well as leading players, which include K+S Aktiengesellschaft, Tata Chemicals Ltd., Ciech S.A., AkzoNobel N.V., Dominion Salt Limited, INEOS Group Limited, AB Hanson and Mohring, Kensalt Ltd., Cerebos Ltd., ACI Limited, Cheetham Salt Limited, WA Salt Group, Infosa, Zoutman NV, Nirma Limited, China Salt Jintan Co., Ltd., BGR International Ltd., Suedwestdeutsche Salzwerke AG, Australian Saltworks, GHCL Ltd., Marico Ltd., Cargill Ltd., Kutch Brine Chem Industries, and Keya Foods, among others. A dashboard comprising of key players have been included in the report, which sheds light upon the mergers, expansions, and acquisitions happening in the micronized salt market.
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