PUBLISHER: The Business Research Company | PRODUCT CODE: 1678338
PUBLISHER: The Business Research Company | PRODUCT CODE: 1678338
Salt extraction involves the process of obtaining halite, commonly known as rock salt, from evaporating formations.
The primary categories of salt are rock salt, salt in brine, solar salt, and vacuum pan salt. Solar salt refers to salt obtained from seawater or other brine sources evaporated in the sun. These sources include brine and salt mines. Salt finds diverse applications in chemical processing, de-icing, water treatment, oil and gas industries, agriculture, as flavoring agents, and in various other applications. Mining methods encompass both underground mining and surface mining.
The salt market research report is one of a series of new reports from The Business Research Company that provides salt market statistics, including salt global industry, regional shares, competitors with a salt market share, detailed salt market segments, market trends and opportunities, and any further data you may need to thrive in the salt industry. This salt global market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The salt market size has grown strongly in recent years. It will grow from $45.74 billion in 2024 to $50.08 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to food processing industry, chemical industry, de-icing and snow removal, water treatment, livestock and agriculture.
The salt market size is expected to see strong growth in the next few years. It will grow to $68.06 billion in 2029 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to growing food industry, urbanization and infrastructure development, water scarcity solutions, health and wellness trends, livestock and aquaculture. Major trends in the forecast period include rising demand in developing regions, application in non-food industries, packaging innovations, traceability and transparency, salt alternatives and substitutes.
The rising demand for mining is anticipated to drive the growth of the salt market in the future. Mining involves extracting valuable minerals or other geological materials from the Earth's surface or subsurface. In mining operations, salt solutions are utilized to temporarily freeze the ground in open-pit mines, facilitating excavation in soft or unstable areas that would otherwise pose risks. For example, in February 2023, a report from the United States Geological Survey, a US government agency, revealed that mines in the United States produced non-fuel mineral commodities valued at approximately $98.2 billion in 2022, an increase of $3.6 billion from the revised total of $94.6 billion in 2021. The estimated production value of all industrial minerals in the U.S. for 2022 was around $63.5 billion, making up about 65% of the overall mine production value in the country. Hence, the growing demand for mining is propelling the expansion of the salt market.
The escalating demand for food is projected to enhance the growth of the salt market moving forward. Food refers to any substance consumed by living organisms to provide essential nutrients for energy and sustenance. Salt is used to elevate the flavors in food, making them more distinct and enjoyable. It can diminish bitterness, balance sweetness, and even amplify savory notes. For instance, in September 2023, a report from the United States Department of Agriculture, a US government agency, indicated that food expenditures accounted for 12.8 percent of total spending by U.S. households in 2022, up from 12.4 percent in 2021. Among different categories of household spending, food was the third highest, with housing taking the largest share at 33.3 percent, followed by transportation at 16.8 percent. Therefore, the increasing demand for food is driving the growth of the salt market.
Leading companies in the salt market are concentrating on creating innovative solutions, such as pink salt, to meet the increasing consumer demand for natural and health-focused products. Pink salt mainly refers to Himalayan pink salt, a naturally occurring mineral salt obtained from the Khewra Salt Mine in Pakistan, located near the Himalayas. For example, in May 2024, ITC Limited, a conglomerate based in India, introduced Himalayan Pink Salt, a new product that highlights purity and natural sourcing. This salt, known as Sendha Namak or Saindhava Lavana in India, is extracted from Himalayan salt mines and is distinguished by its naturally deep pink hue, which is attributed to high-quality sourcing without any added colors.
Major companies in the salt market are innovating by introducing products such as zinc-added salt to cater to larger customer bases, boost sales, and increase revenue. Zinc-added salt involves enriching common table salt (sodium chloride) with the essential trace element zinc. For instance, Tata Salt, an India-based salt company, launched Tata Salt Immuno in April 2022. Distinguished as a pioneering innovation in the Indian edible salt segment, Tata Salt Immuno not only complies with iodization standards but also stands out for its addition of zInc., known for supporting a robust immune system.
In January 2024, Tata Consumer Products, a fast-moving consumer goods company based in India, acquired Organic India for an undisclosed sum. This acquisition aims to solidify Tata Consumer Products' position in the expanding health and wellness sector by bringing Organic India on board, which will diversify its high-margin product portfolio and improve distribution synergies to boost growth and market penetration. Organic India is an Indian company that specializes in salt, particularly Pink Rock Salt.
Major companies operating in the salt market include Cargill Inc., China National Salt Industry Corporation, Tata Chemicals Limited, Rio Tinto plc, Gujarat Narmada Valley Fertilizers & Chemicals Ltd., Akzonobel N V, Tosoh Corporation, K+S AG, Nippon Soda Co. Ltd., Compass Minerals International Inc., Infosa, Les Salins du Midi et des Alpes, Toyo Soda Mfg. Co. Ltd., Morton Salt Inc., Diamond Crystal Brands, Salt Lake Minerals Ltd., Schweizer Salinen AG, Avery Salt Company, United Salt Corp., Sambhar Salts Limited, National Salt Company Ltd., Salinen Austria AG, Hindustan Salt Limited, Salinera Espanola S.A., CIECH S.A., Waggar Salt Limited, Adolph's International Inc., Salsomaggiore Terme S.p.A., Dead Sea Works Ltd.
Asia-Pacific was the largest market in the Salt market in 2024. The regions covered in the salt market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the salt market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The Salt market includes revenues earned by entities by providing mining services such as solar evaporation method, rock Salt method, and vacuum evaporation method. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Salt Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on salt market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for salt ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The salt market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.