Vacuum Salt Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market value of the vacuum salt market was USD 6.6 billion in 2022, and a CAGR of 5.1% is expected during the forecast period. There is a rapidly increasing demand for pure salts, which are used in the production of many foods like breads, ready-meals, drinks, and cured meats. The vacuum salt market generally revolves around the production and sale of salt processed through vacuum evaporation techniques. Increasing demand for vacuum salt in food, chemical, and water treatment is driving the growth of the market significantly. The rise in health-conscious consumers preferring pure, additive-free salts for consumption fosters market growth.

Vacuum salt is a key component in water softening systems, driving demand in the water treatment sector. Its use in various industrial processes like dyeing, textiles, and the pharmaceutical industry also contributes to market expansion. Its use in various chemical processes, like chlor-alkali production, leads to consistent demand from the chemical sector.

Impact of Covid-19

Restrictions on movement and trade disrupted the supply chain, affecting the availability of raw materials and transportation, impacting production and distribution. Changes in consumer behavior, including shifts in purchasing patterns and preferences, affected the demand for vacuum salt, especially in the hospitality and food services sectors. Economic uncertainties led to fluctuations in market demand and pricing. Impacting the overall growth trajectory of the vacuum salt industry. Adhering to safety protocols and ensuring the health of workers posed operational challenges, potentially impacting production capacities.

Growth Drivers

Increasing demand for vacuum salt in the water treatment, textile, and pharmaceutical sectors is driving the growth of the market significantly. Increasing demand for vacuum salt in various chemical processes is also driving the growth of the market. The increasing preference of people towards health is driving the growth of the market significantly. Increasing demand from the chemical sector for the production of the dye is also the reason behind the growth in the market. A change in consumer behavior is the key factor behind the growth of the market.

Low sulfate, bromide, and moisture levels contribute to the growth of the vacuum salt market. It is highly soluble and is mixed with other salts very easily. Increasing demand for chlor-alkali in South Asia is the key factor driving the growth of the market. China accounts for more than 40% of the global caustic soda market. India is also a leading market in chlor-alkali products. Increasing demand for vacuum salt in beef is also driving growth in the Indian market and in the Latin American region. Brazil is also a major beef exporter.

Segmentation

End-User

·         House-Hold

·         Industrial

o   Chemical

o   Food

o   Oil

o   Textiles

o   Pharmaceuticals

o   Others

By Type

·         Granular

·         Fine

·         Briquette

Application

·         Water softener and water treatment

·         De-Icing

·         Anti-Caking

·         Flavoring Agents

·         Others

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Vacuum Salt Market Type Segmentation

On the basis of application, the vacuum salt market is segmented into water softener, water treatment, de-icing, anti-caking, flavoring agents, and others. Water softening and water treatment represent substantial segments in the vacuum salt market. Vacuum salt is a primary component used in water softening systems to remove minerals like calcium and magnesium.

Vacuum salts are also used in various water treatment processes, like water purification and conditioning of water for industrial, municipal, and residential purposes. De-icing is another significant application in the vacuum salt market. Vacuum salts are significantly used for de-icing purposes, especially in regions prone to snow and ice formation. It is employed to clear road highways, airport runways, and sidewalks during the winter months. Its low temperature effectiveness and ability to melt ice quickly make vacuum salt a preferred choice for de-icing applications.

Vacuum Salt Market Application Segmentation

On the basis of application, the vacuum salt market is segmented into water softener, water treatment, de-icing, anti-caking, flavoring agents, and others. Water softening and water treatment represent substantial segments in the vacuum salt market. Vacuum salt is a primary component used in water softening systems to remove minerals like calcium and magnesium.

Vacuum salts are also used in various water treatment processes, like water purification and conditioning of water for industrial, municipal, and residential purposes. De-icing is another significant application in the vacuum salt market. Vacuum salts are significantly used for de-icing purposes, especially in regions prone to snow and ice formation. It is employed to clear road highways, airport runways, and sidewalks during the winter months. Its low temperature effectiveness and ability to melt ice quickly make vacuum salt a preferred choice for de-icing applications.

Regional Outlook

On the basis of regions, the vacuum salt market is segmented into 5 parts: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Europe is blessed with a well-established food and beverage industry. Consumers are well aware of the consumption of high-purity vacuum salt for household consumption instead of rock salts. Thus, the demand for high-purity vacuum salt is increasing in the European region. Africa has a large scope of consumption of vacuum salt due to the increasing number of cases of malnutrition.

The deficiency of iodine is expected to play a crucial role in the consumption of vacuum salt. The vacuum salt market in the Asia-Pacific region is witnessing significant growth due to increasing urbanization and industrialization. The food, chemical, and pharmaceutical industries demand the consumption of vacuum salt. Due to their large populations and diverse cultures, China and India are contributing significantly in this field.

The United States of America and Canada are the big markets, driving the growth in the North American region. The growth in the North American region is steady, with a consistent demand from industries like food processing, chemical manufacturing, and water treatment. Due to their robust industrial sectors, the United States and Canada are the largest markets.

Due to their economic conditions, technological advancements, and regulatory changes, they are driving the growth of the market. The Middle East and Latin America, particularly Brazil, are the biggest markets. The presence of various key players and increasing disposable income are driving the growth of the market worldwide.

Key Players

·         CIECH S.A.

·         ACI LIMITED

·         Infosa

·         Nirma Limited

·         Zoutman NV

·         BGR International Ltd

·         Dominion Salt Limited

·         INEOS Group Limited

·         Australian Saltworks

·         Ab Hanson and Mohring

·         Anjaneya Salts

·         WA Salt Group

·         Other Players