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The salt market size is forecast to increase by USD 31.2 billion, at a CAGR of 2.19% between 2023 and 2028. The market is driven by the wide range of industrial applications of salt, as a food processing ingridient, chemical manufacturing, and water softner, among others. A notable trend in the market is the increasing production of salt in the Asia-Pacific region through the solar evaporation process, which is expected to boost market growth. However, challenges such as product recalls in the food industry due to contaminated salt supplies can negatively impact market growth. Despite these challenges, the market is expected to witness steady growth due to the essential role of salt in various industries and its widespread usage.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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