Table Salt Production
Revenue for the Table Salt Production industry contracted over the five years to 2018, as consumers have become more health conscious and have reduced their sodium intake. Despite consumers steering away from sodium, table salt remains a staple of the Western diet, which has helped bolster industry revenue during the five-year period. Over the past five years, health agencies have made a concerted effort to educate consumers on the dangers of a diet high in salt. These efforts have resulted in consumers decreasing their demand for salt, as consumers increasingly choose to cut salt out of their diets entirely or purchase low-sodium options. This trend is expected to continue over the next five years. Most salt producers have been in the industry for decades and have long-term supply contracts in place that earn them healthy, predictable profit margins. Furthermore, the Table Salt Production industry benefits from a high level of market concentration, making it difficult for new entrants to break in.
This industry produces table salt for human consumption. Salt is used as a seasoning on food or in food processing. Industry products include sea salt, iodized salt and fine salt. Salt manufactured for deicing, chemical manufacturing, water treatment or any other use other than for human consumption is excluded from this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.