The global vacuum salt market stands at US$ 6.29 billion in 2022 and is forecasted to expand at a CAGR of 4.4% to reach a market valuation of US$ 9.68 billion by the end of 2032. The vacuum salt market is a segment of the overall salt market that involves the production and sale of salt that has been processed using vacuum technology. Vacuum salt is a high-purity form of salt that is produced by evaporating saltwater or brine under reduced pressure, which helps to remove impurities and produce a consistent, high-quality product
The global vacuum salt market is driven by factors such as increasing demand for high-quality salt in various industries such as food, chemical, and pharmaceutical, as well as rising awareness about the health benefits of consuming low-sodium salt. Additionally, the increasing use of vacuum salt in the production of chlorine and other chemicals is also driving the growth of the market
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The vacuum salt market is expected to continue to grow in the coming years, driven by increasing demand from various end-use industries, particularly in developing countries. However, the market may face challenges such as fluctuations in raw material prices, stringent regulations, and increasing competition from alternative low-sodium salt products
Key Takeaways from Market Study
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Manufacturers are focusing on increasing production capacity to meet the growing demand for vacuum salt coming from the chemical industry, food and beverage industry, pharmaceuticals, oil industry, textile industry, etc. Manufacturers are also focusing on merger and acquisition strategies, which can help them to increase their production capacity, as well as a presence in untapped markets across the world.
- In 2021, Salins announced the acquisition of Nouryon's high-quality salt specialty business. Nouryon will supply Salins with high-quality vacuum salt from their mining operation near Hengelo and Mariager.
Key Companies Profiled
- K + S AG
- Tata Chemicals
- Wilson Salt Ltd.
- Dominion Salt
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Region -wise Insights
Original Source of the original story >> Vacuum Salt Market Projected to Experience Robust Growth Due to Rising Demand from Food Processing and Chemical Industries