the global food salt market to be growing at a CAGR of 2.8% in the forecast period of 2022-2029.
Food salt is a type of salt that is added to foods specifically to enhance their flavour. They have the ability to preserve food while also preventing microorganisms from causing damage.
The rising popularity of organic food globally has boosted food salt use in the form of nutraceutical supplements and will further drive the food salt market. Furthermore, the high demand for gourmet salt and the rise in popularity of vacuum pan technology for the production of salt are some macroeconomic factors that are positively impacting the worldwide food salt market. Other factors including growing awareness about the benefits associated with food salt and increase in expenditure by people on food and beverages will cushion the market’s growth rate. Another significant factor is increasing utilization in dressing and seasoning food will accelerate the growth rate of food salt market. The rise in number of applications and changing lifestyle of the people will further expand the growth of food salt market.
Moreover, the rise in the focus on healthy lifestyle and upsurge in the number of restaurants will boost the beneficial opportunities for the growth of food salt market. Additionally, rising production of salt warm pads in medical and industrial use and development of flavored salt will act as major driver and further create new opportunities for market’s growth in the above mentioned forecast period.