Rock Salt Market size is poised to reach USD 8 Billion by the end of 2036, growing at a CAGR of 3% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of rock salt was USD 5 Billion. The reason behind the growth is impelled by the growing demand for food across the globe. It is expected that by 2050, there will likely be over a 55% increase in the demand for food owing to the rise in the global population growth and growth of the economy. Moreover, to feed over 9 billion people that will inhabit the planet by 2050, total food production would need to increase by around 69%.
According to estimates, the amount of food consumed will reach over 10,090 million tons in 2030 and more than 14,880 million tons in 2050.
The growing usage of rock salt in Ayurveda is believed to fuel the rock salt market growth. In Ayurveda, rock salt has long been used to cure stomach issues, colds, and coughs as well as to improve skin health, and is particularly useful for lowering the Pitta Dosha, or heat, in the body since it balances all three doshas.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~3% |
Base Year Market Size (2023) |
~ USD 5 Billion |
Forecast Year Market Size (2036) |
~ USD 8 Billion |
Regional Scope |
|
Type (Chemical, Pharmaceutical, Cosmetics, Food and Beverages)
The food and beverages segment in the rock salt market is estimated to gain a robust revenue share of 35% in the coming years owing to the health benefits offered by rock salt. Cooking using food-grade rock salt is similar to using refined iodized salt since it is rich in minerals and vitamins, that facilitate better digestion, encourage bowel movements, aid in the removal of harmful substances from the colon, and also aid in improving appetite loss. Eating rock salt helps support a healthy digestive tract by inducing the synthesis of digestive enzymes, which is a great natural cure for digestive issues such as heartburn, bloating, stomach discomfort, and constipation. Rock salt lessens sugar cravings aid in weight maintenance, and also reactivates insulin.
Rock salt benefits the body by speeding up metabolism and facilitating the body's absorption of minerals and water during metabolic processes, promoting the bile pigment's synthesis, which aids in the body's digestion of fats and water-insoluble vitamins. Besides this, this salt enhances organic flavors in meals for special occasions, daily meals, and fasting foods alike with a blast of fresh flavor, reduces acidity and flatulence, helps soothe sore throats, and improves oral health when used in hot water gargles.
In addition, one natural supplement that may be good for health is rock salt which has become quite popular among consumers owing to its many therapeutic and nutritional benefits with the presence of important minerals with better qualities than other common table salts including iron, calcium, and magnesium.
Furthermore, since it is employed in the chemical synthesis of over 45% of chemical products, salt is one of the most essential elements in the chemical industry. The most popular application for rock salt is in the production of soda ash, also known by its technical names, sodium bicarbonate (NaHCO3) and sodium carbonate (Na2CO3) which has been utilized for more than 5,000 years as an input used to make food preservatives and sweeteners, and can also be used to create DIY laundry detergent and other cleaning products for the home.
(Hypermarkets/Supermarkets, Convenience Stores, Specialty Food Stores, Wholesale Stores, Online Stores)
The online stores segment in the rock salt market is set to garner a notable share shortly. Rock salt is mined straight from mountains, it retains all of its natural mineral composition, including calcium, magnesium, and potassium can be easily purchased online from the convenience of home at the lowest costs.
Our in-depth analysis of the global rock salt market includes the following segments:
Distribution Channel |
|
Type |
|
Application |
|
APAC Market Forecast
Rock salt market in Asia Pacific is predicted to the largest share of 40% by 2036 impelled by the growing Ayurvedic industry. India is the birthplace of the age-old Ayurvedic medical tradition, which constitutes a multibillion-dollar industry owing to the remarkable medicinal benefits of traditional Indian herbs which have led to the rise in popularity of Ayurvedic food and medications in recent times. For instance, the rock salt market for Ayurvedic products in India reached around USD 7 billion in 2022.
In addition, rock sale is employed in the ancient Indian architectural system known as Vastu Shastra to encourage harmony and positive energy in the house, and is favored for spiritual practices owing to the belief that its purity aids in clearing energy and places.
North American Market Statistics
The North America rock salt market is estimated to the second largest, during the forecast period led by the growing usage of rock salt in winter road management. In Canada, the usage of rock salt is widespread and continues to increase to maintain winter roads as the region experiences extreme cold weather and snowfall. Since the 1930s, salt has been used to de-ice roads in the US which also enhances driving conditions by giving tires traction on icy surfaces. Moreover, to fend off winter weather, Americans pour more than 45 billion pounds of salt on roads annually. For instance, each year, the United States consumes more than 22,000,000 tons of salt.
Author Credits: Anil Kumar, Ipsheeta Dash
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?