The Market value (retail sales value) of Salt Industry in China attained a value of USD 652.13 Millions in 2020
The Industry recorded a historical growth (CAGR) of 8.36% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the Industry to grow at a CAGR of ...
The salt industry in China recorded a double-digit YoY growth in 2020, and a single-digit Compound Annual Growth Rate (CAGR) between 2017-20.
Best Yet Market Inc, McCormick & Company Inc, Cerebos Pacific Limited, and Morton Salt held the top four leading market positions in the salt industry in China. The top five players held a significant market share in the salt industry in China in 2020.
Best yet, Cerebos, Mortan, and Drogheria & Alimentari were the leading brands in the salt industry.
Salt is a colorless or white crystalline solid used extensively in ground or granulated form to cure or preserve food. Also called common salt or table salt e.g., Morton Salt, Tata Salt.
Best Yet Market Inc leads the salt industry in China in 2020
Best Yet Market Inc was the leading company in the Chinese salt market (by value) in 2020. Among the brands selling salt products in China, Best yet, the sole brand of Best Yet Market Inc was the largest market shareholder.
McCormick & Company Inc ranked second in the salt industry in China
McCormick & Company Inc was the second-largest company in the Chinese salt market (by value) in 2020. Lawry`s and McCormick were leading brands, selling salt items in China, operating under McCormick & Company Inc.
The other leading market positions in the salt market in China were held by Cerebos Pacific Limited, and Morton Salt.
Cerebos Pacific Limited, and Morton Salt were among some of the other prominent companies in the Chinese salt market, owning prominent brands Cerebos and Mortan, respectively.
Market Fragmentation: The market is highly fragmented, with no players holding more than a tenth of the market share in the salt market in China.
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