Vacuum Salts Market Size Worth $9,803.66 Million By 2032 | CAGR: 4.5%

Vacuum Salts Market Size Worth $9,803.66 Million By 2032 | CAGR: 4.5%


The global vacuum salts market size is expected to reach USD 9,803.66 million by 2032, according to a new study by Polaris Market Research. The report “Vacuum Salts Market Share, Size, Trends, Industry Analysis Report, By Type (Dried Vacuum Salt and Undried Vacuum Salt); By Particle Type; By Application; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Growing preference for the use of the product in feed production, as these types of salt is an essential element in the creation of balanced feed for the animals, as it highly requires salt in optimum amounts for ensuring the proper functioning & metabolism of biological pathways, are prominent factors boosting the global market growth. Moreover, the rising prevalence of the product as a high-quality salt in the food & beverage industry to improve the flavor and taste of food products, coupled with the growing developments and expansion in the production facility by key players, will further stimulate the market growth.

For instance, in March 2023, Enva announced the launch of a new construction facility that will expand the company's manufacturing capacities of agricultural fertilizer pellets containing Ammonium Sulphate. The new licensed facility in Greenogue will be the first of its kind in the world, with a total investment of € 5m.

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In recent years, food safety regulations are becoming increasingly stringent, and there is a growing demand for high-quality food-grade salts, which presents a significant opportunity for vacuum salt manufacturers to provide food-grade salts that meet these strict regulations. Technological advancements in the vacuum evaporation process can result in more efficient and cost-effective production of high-purity salts, which allows companies to gain a competitive edge over their competitors.

Furthermore, various types of specialty salts such as smoked salts, infused salts, and flavored salts are gaining huge popularity in the market, as these salts are created by infusing the vacuum salt with various natural flavors and aromas that result in a unique taste experience to the consumers.

Vacuum Salts Market Report Highlights

  • Dried vacuum salt segment accounted for largest market share in 2022, on account surge in the demand for processed foods and its applications in texturing, flavoring, and preservation
  • Fine segment held the significant market revenue share in 2022, which is mainly driven by its growing adoption in the animal nutrition process and penetration among hospital and food industries
  • Flavoring agent segment is projected to grow at a significant CAGR during the anticipated period, mainly due to its utilization to improve the taste and aroma of food products
  • North America region is expected to hold significant market share with considerable growth rate, owing to the high demand for high-quality food items and rapid growth in various end-use industries
  • The global key market players include Wilson Salt, Nouryon Chemical Holdings, Cargill Incorporated, Tata Chemicals, Akzo Nobel, Arma Salt Factory, and Dominion Salt

Polaris Market Research has segmented the vacuum salts market report based on type, particle type, application, and region:

Vacuum Salts, Type Outlook (Revenue - USD Million, 2019 - 2032)

  • Dried Vacuum Salt
  • Unmanned Vacuum Salt

Vacuum Salts, Particle Type Outlook (Revenue - USD Million, 2019 - 2032)

  • Briquette
  • Fine
  • Granular

Vacuum Salts, Application Outlook (Revenue - USD Million, 2019 - 2032)

  • Water Softener & Water Treatment
  • Anticaking
  • De-icing
  • Flavoring Agent
  • Animal Feed Ingredient
  • Pharmaceutical Ingredient
  • Others

Vacuum Salts, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Vacuum Salts Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 6,614.04 million

Revenue forecast in 2032

USD 9,803.66 million

CAGR

4.5% from 2023– 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD million and CAGR from 2023 to 2032

Segments covered

By Type, By Particle Type, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

Tata Chemicals Ltd., NOBIAN, Salins, Amra Salt Factory, Dominion Salt, K+S Aktiegesellschaft, Wilson Salt Ltd., Akzo Nobel N.V., Nouryon Chemicals Holdins B.V., Gayathri Salts, Cargill Incorporated, Atisale S.p.A., INEOS Group Limited, WA Salt Group, Infosa, Cerebos Ltd., Cheetham Salt Group, Salzwerke AG, and CIECH S.A.

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  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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