Table Salt Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Table salt is basically mined from underground salt deposits. Table salt is more heavily processed to remove minerals and usually contains an additive to prevent clumping. Table salt is a mineral consisting primarily of sodium chloride, a chemical belonging to a larger class of salts. Most table salts have also added iodine, an essential nutrient that helps to maintain a healthy thyroid.
MARKET DYNAMICS
The global table salt market is witnessing a notable growth rate and is expected to continue to do during the forecast period. The development of the table salt market can be attributed to the daily usage of salts in different food and beverages. Further, salt is an important nutrient of the human body that helps in maintaining healthy blood pressure, and it is also crucial for muscle and nerve function. Furthermore, table salt is also used for seasoning dishes in order to improve the flavor of the food, which will further increase its sales. Availability of iodized table salt and continuous R&D investment by the market players in introducing new products is also boosting the sales of table salt. However, more intake of salt can lead to various health problems such as stores and heart diseases which is hampering the market growth.
MARKET SCOPE
The "Global Table Salt Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Table Salt market with detailed market segmentation by type, distribution channel, and geography. The global Table Salt market is expected to witness notable growth during the forecast period. The report provides key statistics on the market status of the leading Table Salt market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global table salt market is segmented on the basis of type and distribution channel. Based on type, the global table salt market is segmented into iodized and non- iodized. Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, specialty stores, online retail, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Table Salt market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Table Salt market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Table Salt market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Table Salt market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Table Salt market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Table Salt market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Table Salt market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Table Salt market in these regions.
MARKET PLAYERS
The reports cover key developments in the Table Salt market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Table Salt market are anticipated to lucrative growth opportunities in the future with the rising demand for Table Salt in the global market. Below mentioned is the list of few companies engaged in the Table Salt market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the Table Salt market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Akzo Nobel Salt Inc
- Dampier Salt
- Compass Minerals
- K+S Salz GmbH
- Salins
- Südwestdeutsche Salzwerke
- Salinen Austria
- British Salt Company
- Cargill, Inc
- Tata Chemicals Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Table Salt Market - By Type
1.3.2 Table Salt Market - By Distribution Channel
1.3.3 Table Salt Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TABLE SALT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. TABLE SALT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. TABLE SALT MARKET - GLOBAL MARKET ANALYSIS
6.1. TABLE SALT - GLOBAL MARKET OVERVIEW
6.2. TABLE SALT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TABLE SALT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. IODIZED
7.3.1. Overview
7.3.2. Iodized Market Forecast and Analysis
7.4. NON-IODIZED
7.4.1. Overview
7.4.2. Non-iodized Market Forecast and Analysis
8. TABLE SALT MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. SPECIALTY STORES
8.4.1. Overview
8.4.2. Specialty Stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. Online Retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. TABLE SALT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Table Salt Market Overview
9.1.2 North America Table Salt Market Forecasts and Analysis
9.1.3 North America Table Salt Market Forecasts and Analysis - By Type
9.1.4 North America Table Salt Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Table Salt Market Forecasts and Analysis - By Countries
9.1.5.1 United States Table Salt Market
9.1.5.1.1 United States Table Salt Market by Type
9.1.5.1.2 United States Table Salt Market by Distribution Channel
9.1.5.2 Canada Table Salt Market
9.1.5.2.1 Canada Table Salt Market by Type
9.1.5.2.2 Canada Table Salt Market by Distribution Channel
9.1.5.3 Mexico Table Salt Market
9.1.5.3.1 Mexico Table Salt Market by Type
9.1.5.3.2 Mexico Table Salt Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Table Salt Market Overview
9.2.2 Europe Table Salt Market Forecasts and Analysis
9.2.3 Europe Table Salt Market Forecasts and Analysis - By Type
9.2.4 Europe Table Salt Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Table Salt Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Table Salt Market
9.2.5.1.1 Germany Table Salt Market by Type
9.2.5.1.2 Germany Table Salt Market by Distribution Channel
9.2.5.2 France Table Salt Market
9.2.5.2.1 France Table Salt Market by Type
9.2.5.2.2 France Table Salt Market by Distribution Channel
9.2.5.3 Italy Table Salt Market
9.2.5.3.1 Italy Table Salt Market by Type
9.2.5.3.2 Italy Table Salt Market by Distribution Channel
9.2.5.4 United Kingdom Table Salt Market
9.2.5.4.1 United Kingdom Table Salt Market by Type
9.2.5.4.2 United Kingdom Table Salt Market by Distribution Channel
9.2.5.5 Russia Table Salt Market
9.2.5.5.1 Russia Table Salt Market by Type
9.2.5.5.2 Russia Table Salt Market by Distribution Channel
9.2.5.6 Rest of Europe Table Salt Market
9.2.5.6.1 Rest of Europe Table Salt Market by Type
9.2.5.6.2 Rest of Europe Table Salt Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Table Salt Market Overview
9.3.2 Asia-Pacific Table Salt Market Forecasts and Analysis
9.3.3 Asia-Pacific Table Salt Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Table Salt Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Table Salt Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Table Salt Market
9.3.5.1.1 Australia Table Salt Market by Type
9.3.5.1.2 Australia Table Salt Market by Distribution Channel
9.3.5.2 China Table Salt Market
9.3.5.2.1 China Table Salt Market by Type
9.3.5.2.2 China Table Salt Market by Distribution Channel
9.3.5.3 India Table Salt Market
9.3.5.3.1 India Table Salt Market by Type
9.3.5.3.2 India Table Salt Market by Distribution Channel
9.3.5.4 Japan Table Salt Market
9.3.5.4.1 Japan Table Salt Market by Type
9.3.5.4.2 Japan Table Salt Market by Distribution Channel
9.3.5.5 South Korea Table Salt Market
9.3.5.5.1 South Korea Table Salt Market by Type
9.3.5.5.2 South Korea Table Salt Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Table Salt Market
9.3.5.6.1 Rest of Asia-Pacific Table Salt Market by Type
9.3.5.6.2 Rest of Asia-Pacific Table Salt Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Table Salt Market Overview
9.4.2 Middle East and Africa Table Salt Market Forecasts and Analysis
9.4.3 Middle East and Africa Table Salt Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Table Salt Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Table Salt Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Table Salt Market
9.4.5.1.1 South Africa Table Salt Market by Type
9.4.5.1.2 South Africa Table Salt Market by Distribution Channel
9.4.5.2 Saudi Arabia Table Salt Market
9.4.5.2.1 Saudi Arabia Table Salt Market by Type
9.4.5.2.2 Saudi Arabia Table Salt Market by Distribution Channel
9.4.5.3 U.A.E Table Salt Market
9.4.5.3.1 U.A.E Table Salt Market by Type
9.4.5.3.2 U.A.E Table Salt Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Table Salt Market
9.4.5.4.1 Rest of Middle East and Africa Table Salt Market by Type
9.4.5.4.2 Rest of Middle East and Africa Table Salt Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Table Salt Market Overview
9.5.2 South and Central America Table Salt Market Forecasts and Analysis
9.5.3 South and Central America Table Salt Market Forecasts and Analysis - By Type
9.5.4 South and Central America Table Salt Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Table Salt Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Table Salt Market
9.5.5.1.1 Brazil Table Salt Market by Type
9.5.5.1.2 Brazil Table Salt Market by Distribution Channel
9.5.5.2 Argentina Table Salt Market
9.5.5.2.1 Argentina Table Salt Market by Type
9.5.5.2.2 Argentina Table Salt Market by Distribution Channel
9.5.5.3 Rest of South and Central America Table Salt Market
9.5.5.3.1 Rest of South and Central America Table Salt Market by Type
9.5.5.3.2 Rest of South and Central America Table Salt Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. TABLE SALT MARKET, KEY COMPANY PROFILES
11.1. AKZO NOBEL SALT INC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BRITISH SALT COMPANY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CARGILL, INC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. COMPASS MINERALS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DAMPIER SALT
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. K+S SALZ GMBH
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SALINEN AUSTRIA
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SALINS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SüDWESTDEUTSCHE SALZWERKE
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TATA CHEMICALS LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Akzo Nobel Salt Inc
2. British Salt Company
3. Cargill, Inc
4. Compass Minerals
5. Dampier Salt
6. K+S Salz GmbH
7. Salinen Austria
8. Salins
9. Südwestdeutsche Salzwerke
10. Tata Chemicals Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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