Salt Extraction in the UK - Industry Market Research Report

Salt Successs: Sturdy Demand for Salt from Food Processors is Underpinning Revenue

Over the five years through 2022-23, revenue is forecast to expand at a compound annual rate of 0.5%. With rock salt used for de-icing roads making up 70.2% of the industry's revenue, winter conditions play a key role. Slowly increasing annual temperatures and disruptions caused by the COVID-19 outbreak have caused a fall in industry revenue as less rock salt is needed. However, the severe cold wave that hit the UK in 2018 and harsh winter storms in the US and Canada in 2021-22 meant that salt sales grew marginally, benefiting revenue growth. Firms in this industry extract salt from mines and brine pits. This includes extracting salt from underground by dissolving and pumping, the evaporation of seawater, and crushing, purifying and refining salt. The industry does not include the processing of salt into food-grade salt or the production of drinking water from the evaporation of brine. 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.