The latest market report published by Credence Research, Inc. “Global Rock Salt Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Rock Salt Market generated revenue of around USD 4,337.25 million in 2021 and is anticipated to grow a CAGR of over 3.58% during the forecast period from 2021 to 2028 to reach around USD 5,625.21 million in 2028. While, cumulative growth opportunity presented by the global Rock Salt is around USD 40 billion during 2022 to 2028.
Global Rock Salt Market, 2021 – 2028 (USD Million)
Browse the full report at Rock Salt Market Size, Trends, Share and Growth Report | Forecast to 2028 (credenceresearch.com)
Rock salt is the common name for the mineral termed Halite or Sodium Chloride. With a chemical formula of NaCl, we find that rock salt has a burgeoning market due to the rapid increase in the global population. Rock salt forms due to water evaporation from large water bodies. With climate change on a rise, and global temperatures going up, the evaporation in these bodies increases. Thus, we will find that rock salt is more common due to the ever-increasing global population and climate change.
Chemical Industry to Dominate Rock Salt Consumption
Chemical, Pharmaceutical, Cosmetics and Food and beverages are some of the important types of Rock Salt used across different industries. However, Rock Salt are growing in demand in chemical industry around the world. Rock salt is very important materials for the production of chlorine which in turn used in several applications. Growing demand for chlorine in turn driving the demand for rock salt in chemical industry.
Food & Beverage Industry to Grow at a Rapid Pace
Rock salt is increasingly being used as a substitute for common salt in food & beverage preparation. Rock salt is gaining popularity to be used in snacks, meat and preserved items. Moreover, many consumers believe that rock salt have medicinal properties and offers a lot of health benefits. Which in turn driving the demand for rock salt used on food & beverage preparation.
Online Sales Channel to Grow
Hypermarket/ Supermarket, Convenience Store, Specialty Food Store, Wholesale Store, Online Store and Others are major sales channels for rock salt. Hypermarket/ Supermarket is leading sales channel for the food & beverage application of rock salt. While, chemical applications of rock salt rely on direct supply agreement between end-users and suppliers. While, retail consumers are increasingly using online sales channel to purchase rock salt.
Asia Pacific is Leading Rock Salt Demand
Most of the rock salt comes from Himalaya region of India and China. China dominate the production as well as consumption of rock salt in 2021. India, Japan and South Korea are another leading consumer of rock salt in the region. Backed by strong demand from these economies, Asia Pacific held over 40% share in total volume of rock salt consumption in 2021. While, Europe is second leading market for rock salt, the demand in growing considerably in North America too.
Major players operating in the can sealers industry include but not limited to Abraxus salt, American Rock Salt, ass Minerals, Cargill, Detroit Salt Com, Esco, Eurosalt AB, Gama, Gunther Salt, Jiangsu Jingshen, Maxisalt, Meodity, Multi rock salt, Salt Natural, Sian Enterprises, Tabarak Fertilizers and The International Company for Salt. Global Rock Salt market is characterized by the presence of large number of manufacturers across the world. Increasing production capacity in order to achieve economies of scale and growing in market share is primary focus of the industry participants.
Global Rock Salt Market by Type, 2016 – 2028
- Food and beverages
Global Rock Salt Market by Distribution Channel, 2016 – 2028
- Hypermarket/ Supermarket
- Convenience Store
- Specialty Food Store
- Wholesale Store
- Online Store
Global Rock Salt Market by Company, 2016 – 2028
- Abraxus salt
- American Rock Salt
- ass Minerals
- Detroit Salt Com
- Eurosalt AB
- Gunther Salt
- Jiangsu Jingshen
- Multi rock salt
- Salt Natural
- Sian Enterprises
- Tabarak Fertilizers
- The International Company for Salt