Global Salt Market Segment and Analysis: Market Value Growing at a CAGR of 4.95% from 2024 to 2029

Global Salt Market Overview

According to Global Market Monitor, the global salt market size will be $1346.27 million in 2024 with a CAGR of 4.95% from 2024 to 2029.Salt is a mineral composed primarily of sodium chloride (NaCl), which is a compound belonging to a larger salt category. Seawater contains a lot of salt. Each liter of seawater contains about 35 grams (1.2 ounces) of solids, with a salinity of 3.5%. Salt is processed from salt mines, which are formed by the evaporation of seawater (sea salt) and mineral-rich water in shallow pools. Salt can be divided into sea salt, well mineral salt, and lake salt, which are widely used in chemical processing, food industry, road deicing, water treatment, and other fields.

According to the National Centers for Disease Control and Prevention, the average American consumes 3,300 milligrams of salt per day. On average, people in China consume only 9.3 grams of salt per day from home cooking. According to the World Health Organization, implementing sodium reduction initiatives could save nearly 7 million lives by 2030.

Continuous Innovation   

Technological innovations have an important role in driving the growth of the market. To sustain in the competitive market, vendors should develop new ideas and technologies and stay up-to-date with the advanced technologies. At present, the salt-making process mainly adopts vacuum evaporation including vacuum evaporation, salt-sales co-production, centrifugal dehydration, boiling drying, etc. Its mainstream technology development mainly focuses on energy saving, the five-effect vacuum evaporation process, heat pump technology, etc. With the continuous progress of technology and process, the vacuum salt-making technology has developed into a salt-making process with low energy consumption, high yield, and quality, a high degree of production automation, and advantages of cogeneration.

Market Segment

Well mineral salt, which accounts for the largest market share in 2023, is typically extracted from underground mines through drilling and blasting techniques. This segment is driven by the growing demand for de-icing and road salt applications, especially in regions with cold and snowy winters, as it helps melt snow and ice on roads and highways.

Chemical processing is the largest consumer segment, using it as a feedstock for the production of various chemicals such as caustic soda, soda ash, and chlorine, and the growing demand for these chemicals is expected to drive the growth of the market in the coming years. Due to the versatile properties and applications of industrial salt, its adoption in the chemical industry is increasing. In addition, it can be used as a catalyst, desiccant, and purification process, making it an integral part of chemical production. The growth of industries such as textiles, paper, and pharmaceuticals is further driving the demand for industrial salt.

By Type	Sea Salt
	Well Mineral Salt
	Lake Salt
	Others
	The well mineral salt segment held the largest market share.
By Application	Chemical Processing
	Food Industry
	Road De-icing
	Water Treatment
	Others
	The largest segment by application is the segment of chemical processing.

For more industry information, please refer to our latest released "2023 Global Salt Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".