Middle East Sea Salt Market Growth & Trends
The middle East sea salt market size is anticipated to reach USD 845.92 million by 2030 and is anticipated to expand at a CAGR of 5.1% during the forecast period. The region's expanding food industry and growing culinary trends emphasize the use of sea salt in gourmet and traditional dishes, boosting its popularity.
The salt market around the world is driven by several drivers, which are aiding the market growth in different regions. Increasing population has acted as a driver for the increase in consumption due to the increasing demand for food and processed products. According to the World Health Organization, the global mean salt intake is 10.8 grams per day as opposed to the recommended intake of less than 5 grams per day, which indicates the increased intake of processed food around the world. The expansion of the chemical industry and increasing product usage in water treatment as well as purification processes have driven consumption globally.
The demand for chlor-alkali products, particularly caustic soda and chlorine, has surged in recent years due to their extensive applications. Caustic soda is essential in the production of various chemicals, including soaps, detergents, and textiles, while chlorine is crucial for water treatment and the manufacturing of PVC, a widely used plastic in construction. For instance, the rapid expansion of the construction sector in the Gulf Cooperation Council (GCC) countries has significantly increased the consumption of PVC, thereby driving the demand for chlorine and, consequently, the sea salt required for its production.
The product market faces several significant environmental challenges that impact both production and sustainability. These challenges are primarily driven by the region's unique climatic conditions, water scarcity, and the ecological consequences of industrial practices. Climate change is another significant challenge affecting the market in the Middle East. Rising temperatures and changing precipitation patterns are leading to increased evaporation rates, which can alter the salinity levels in coastal waters.
Middle East Sea Salt Market Report Highlights
- Refined products are anticipated to grow at the fastest CAGR of 5.2% from 2024 to 2040. The growth of the market is influenced by the increasing inclination of consumers toward natural and organic products. Retailers worldwide are selling on e-commerce sites to provide them with distinct flavors beyond their homeland, thereby catering to conscious and high-income consumers who consider the ethical and social value of products purchased by them.
- Refined product in food applications is anticipated to grow at a CAGR of 5.7%. It is extensively used in bakeries as a key ingredient in breads, pastries, and other baked goods. It contributes to the leavening of different dough and batter formulations, as well as helping in their flavor development. In addition, it is used to enhance the flavor profile of sweet and savory baked goods, thereby ensuring that these end products meet the desired taste and texture standards.
- Egypt is expected to have the fastest CAGR of 5.3%. The growth in the chemicals industry has resulted in a spurt in the usage of sea salt for processing and other applications in Egypt.
- Key industry participants include Cargill, Incorporated, SASA SAUDI SALT, Samasalt, Riyadh Salt Industry Company, and Amra Salt Factory, among others.
- In July 2024, Saudi Arabia’s Ministry of Industry and Mineral Resources awarded salt ore exploration licenses to four companies: Ibrahim Al-Issa and Partner Salt Company, Rastan Industry Company, Khalid Al-Zahid and Sons Company and Riyadh Salt Manufacturing Company. The licenses allow the companies to extract from mines located in the Ras Al-Qureia region of the Eastern province of the country, four kilometers off the seacoast.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Middle East Sea Salt Market Variables, Trends & Scope
Chapter 4. Middle East Sea Salt Market: Product by Application Estimates & Trend Analysis
Chapter 5. Middle East Sea Salt Market: Country Estimates & Trend Analysis
Chapter 6. Middle East Sea Salt Market - Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Cargill, Incorporated
- Amra Salt Factory
- El Nasr Salines Co.
- Reefal for Salt
- SASA SAUDI SALT
- Riyadh Salt Industry Company
- Samasalt
- Blue Line Industries
- Gulf Salt Co.
- ShayanSalt company
- Shali Siwa Salt
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 599.19 Million |
| Forecasted Market Value ( USD | $ 845.92 Million |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Middle East |
| No. of Companies Mentioned | 11 |
