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Vacuum Salts Market Size, Share & Industry Analysis, By Type (Undried Vacuum Salt, Dried Vacuum Salt), By Application (Food and Beverage, [Savoury Snacks, Beverages, Poultry and Meat, Condiments], Pharmaceuticals, Animal Feed, Others) and Regional Forecast, 2021-2028

Region : Global | Report ID: FBI103243 | Status : Ongoing

 

KEY MARKET INSIGHTS

Vacuum salt is the purest form of salt, it can also be defined as sea salt that is highly purified and refined. The salt is extracted by pumping water into the underground salt layers to form a salt solution or brine. The vacuum salt is obtained using the vacuum evaporation process, which produces high-quality salts. The vacuum salt is widely utilized in the food industry and also in industrial uses such as de-icing, anticaking, chemical industries, and others which in turn has driven its market. The vacuum salt imparts textural properties such as enhancing the taste and boosting the flavour of the food. The utilization of vacuum salt as seasoning and flavouring agent in cuisines that enhances the savoury appeal of the food, further boosts its market growth.


The vacuum salts are gaining traction among the consumers, due to their increasing demand for impurities-free salt. The low sulphate, bromide content in the vacuum salt makes it a desirable option for incorporating it in various feed, food and chemical products. The increase in demand for processed foods among the consumers, especially the younger cohort has also contributed in driving the vacuum salt market. 


Salt is a major component utilized for processing various food products and industrial solutions. The HoReCa sector is growing at a tremendous rate due to the increase in consumer base and their changing preferences towards food eating patterns. The rise in the trend of dining out and increase in consumption of ready-to-eat meals has led to wide incorporation of vacuum salt as a flavouring and seasoning agent in food. The rising number of food chains and the growing foodservice sector across the globe is one of the major factors that drive the vacuum salt market.


Key Market Driver -

Rising Demand from HoReCa (Hotel, Restaurant and Cafes) Sector

Key Market Restraint -

Stringent Regulations on Approval of Vacuum Salts


The vacuum salt has to be approved by the stringent quality standards for being utilized as food-grade salt, unlike industrial salts that do not have to undergo such approvals. The slow and lengthy procedure of quality and safety approval from the government bodies for utilization of food-grade vacuum salt impedes its market growth. The extraction procedure releases a large amount of energy which is monitored closely, considering the commercial and environmental factors which also restraints its market growth.


Key Players Covered:


The key companies operating in the global vacuum salts market are, Akzo Nobel N.V., Cargill, Incorporated, Tata Chemicals Ltd., Atisale S.p.A, Amra Salt Factory, INEOS AG, K+S Aktiengesellschaft, Wilson Salt Ltd, Gayathri Salts, and Nouryon Chemicals Holding B.V.


The global vacuum salts market is segmented by type, application and geography. The type segment is led by undried vacuum salt due to its wide utilization in food and feed products. The undried vacuum salt has a moisture content of 2-3 % which is idle only for food industry, which makes it less preferable. The table salt used is majorly undried vacuum salt.


The food and beverage industry is accounted to hold a major share in the application segment as the vacuum salt is utilized as a preservative and coating ingredient in various meat, condiments, and savoury snacks products. The poultry and meat products are one of the popularly consumed foods. The increase in consumption of convenience food has led many food manufacturers to incorporate vacuum salt for preserving, dressing and flavouring the food products.


Regional Analysis:


Asia Pacific is the fastest-growing region across the world, owing to its growing foodservice industry and large consumer base. The rapid urbanization and rising population have influenced the consumption rate of processed foods and convenience foods such as snacks, ready-to-cook meals, meat and poultry products. Countries such as India and China are among the largest producers of vacuum salt in the world. These factors have cumulatively fuelled the regional market growth of vacuum salts.


Europe is witnessing substantial growth in the vacuum salts market as it is a well-established food and beverage industry. The rise in consumers awareness about the high-quality food ingredients and, hence are opting for high-purity vacuum evaporated salt for regular food preparations. The demand is also observed from various processed food manufacturers. The animal feed manufacturers are also shifting towards vacuum salts for producing high-quality feed. Thus, these factors have paced vacuum salt’s regional market growth.


North America is expected to witness significant growth in the upcoming years, owing to the growing foodservice sector in the region. The wide consumption of ready-to-cook food and meat products have fuelled the regional vacuum salt market. The broad utility of vacuum salt by chemical industry manufacturers for production of organic solvents and antimicrobials have also aided in its market growth.


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Segmentation






















 ATTRIBUTE


  DETAILS

By Type




  • Undried Vacuum Salt

  • Dried Vacuum Salt



By Application




  • Food and Beverage

    • Savoury Snacks

    • Beverages

    • Poultry and Meat

    • Condiments



  • Pharmaceuticals

  • Animal Feed

  • Others (Industrial Uses)



By Geography




  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)



Key Industry Developments



  • In December 2017, AkzoNobel’s Specialty Chemicals started a new three-year project to expand its vacuum salt production business at its Delfzijl site in the Netherlands. The new project was started in 2018 and is expected to be complete by 2021. The new plant is anticipated to increase the production capacity of the vacuum salt by around 25%.


Vacuum Salts Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

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