Micronized Salt Market Estimated to Observe Technological Advancements Further
Verfasser: ashwani_kailiya on Tuesday, 5 May 2020The global micronized salt market will exhibit a modest CAGR of 3% during the forecast period 2019 – 2028, as projected by a new Fact.MR report. Key players in the micronized salt market are eying profitable opportunities to through regional expansion activities, and gain a larger, global consumer base.
“Investments in micronized salt to fit end user requirements and specific functionality is expected to support demand. Companies will concentrate most efforts towards catering to the food processing industry,” says the Fact.MR report.
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Micronized Salt Market: Key Findings
Micronized salt with purity standards of more than 99.5% will account for a major market and positive growth.
The bakery and confectionary segment is a major contributor in terms of application, with 1.3X growth.
Premium grade micronized salt will display moderate growth, while value grade variants, will display high growth.
Asia Pacific will remain a leading market through 2028, as China and India account for 30% of the market share.
Micronized Salt Market: Key Driving Factors