The Market value (retail sales value) of the Global Salt Industry attained a value of USD 5,040.44 Millions in 2020
The Industry recorded a historical growth (CAGR) of 3.13 % between 2017 to 2020, and is expected to grow by...
GlobalData projects the Industry to grow at a CAGR of ...
The global salt industry recorded a single-digit YoY growth in 2020, and a single-digit Compound Annual Growth Rate (CAGR) between 2017-20.
McCormick, Tata Sons Limited, Unilever, The Kraft Heinz Company, and Ajinomoto Group held the top five leading market positions in the global salt industry. The top five players held a significant market share in the global salt industry in 2020.
Tata, Lawry`s, McCormick, ABC, and Ajinomoto were the leading brands in the salt industry.
Salt, also called common salt or table salt is defined as a colorless or white crystalline solid used extensively in ground or granulated form to cure or preserve food.
McCormick leads the global salt industry
McCormick was the leading company (by value) in the global salt market in 2020, with more than 5 brands under its trademark. Two of the top three global salt brands (by value), Lawry`s, and McCormick operate under the trademark of McCormick. Lawry`s was the biggest contributor to the company’s global salt sales.
Tata Sons Limited ranked second in the global salt industry
Tata Sons Limited was the second largest company (by value) in the global salt market in 2020. Tata Salt, a leading salt brand (by value) in the world, is a major brand of Tata Sons Limited.
The other leading market positions in the global salt market were held by Unilever, The Kraft Heinz Company, and Ajinomoto Group
Unilever, The Kraft Heinz Company, and Ajinomoto Group were among some of the other prominent companies in the global salt market, owning major brands like Annapurna, ABC, and Ajinomoto, respectively.
Market Fragmentation: The global salt industry was highly fragmented in 2020, with no player accounting for more than a tenth of the global salt market (by value)
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