The Salt Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Salt Market:
https://www.thebusinessresearchcompany.com/report/salt-global-market-report
According to The Business Research Company’s Salt Global Market Report 2024, The salt market size has grown strongly in recent years. It will grow from $41.91 billion in 2023 to $45.7 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. 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 $61.51 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. 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.
Increasing demand for mining is expected to propel the growth of the salt market going forward. Mining involves retrieving valuable minerals or other geological materials from the Earth’s surface or beneath its crust. Salt solutions are used in mining to freeze the ground temporarily in open-pit mines. This allows for excavation in soft or unstable zones that would otherwise be risky. For instance, in February 2023, according to a report published by the United States Geological Survey, a US-based government agency, mines in the United States yielded non-fuel mineral commodities with a total estimated value of approximately $98.2 billion in 2022, marking a $3.6 billion increase from the revised 2021 total of $94.6 billion. The production value of all industrial minerals in the U.S. for 2022 was estimated at $63.5 billion, constituting roughly 65% of the overall mine production value in the country. Therefore, increasing demand for mining is driving the growth of salt market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=6836&type=smp
The salt market covered in this report is segmented –
1) By Type: Rock Salt, Salt In Brine, Solar Salt, and Vacuum Pan Salt
2) By Mining Type: Underground Mining, Surface Mining
Salt companies are utilizing multipurpose mining equipment to extract rock salt from an underground deposit. This equipment enables mining companies to control carbon emissions underground and increase productivity with reduced cost, which is the major trend in the Salt market.
The salt market report table of contents includes:
.
.
.
Top Major Players:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Overview and Scope Durable medical equipment (DME) refers to any medical device or supplies that…
Overview and Scope Dock construction refers to the building of a structure that is built…
Overview and Scope Dermatology endoscopy devices refer to non-invasive devices enabled with a light source…
Overview and Scope Web filtering refers to the process of controlling and managing access to…
Overview and Scope A fiberglass pipe refers to a pipe made from a composite material…
Overview and Scope Feta cheese refers to soft, white-colored cheese containing high amounts of sodium…