The global vacuum salts market is set to gain impetus from their increasing usage in the food industry. Besides, they are extensively utilized in a large number of industrial applications, such as chemical manufacturing, anticaking, and de-icing. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Vacuum Salts Market Size, Share and Industry Analysis, By Type (Undried Vacuum Salt, Dried Vacuum Salt), By Application (Food and Beverage, [Savory Snacks, Beverages, Poultry and Meat, Condiments], Pharmaceuticals, Animal Feed, Others) and Regional Forecast, 2020-2027.” The report further mentions that vacuum salts have multiple beneficial properties. They can boost the flavor and enhance the taste of various food items.
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What Does This Report Contain?
The report delivers an elaborate assessment of numerous customers’ journeys related to the market, regions, and segments. At the same time, it provides multiple customer impressions about vacuum salts and their usage. The analysis takes a closer look at their fears and pain points across various customer touch points. The business intelligence and consultation solutions would aid interested stakeholders, such as chief experience officers to define customer experience maps catered to their requirements. They can refine customer experience and engagement with their own brands.
Drivers and Restraints-
Increasing Consumption of Ready-to-eat Meals to Boost Growth
Vacuum salts are experiencing high demand across the globe because of their impurity-free property. They contain very low bromide and sulphate. Hence, they are mainly used in several chemical, foods, and feed products. Also, the rising demand for processed foods, especially among the younger generation is expected to drive the vacuum salts market growth in the near future.
Furthermore, the HoReCa sector is expanding rapidly all over the world because of the increasing consumer base and their transforming preferences towards eating patterns. The higher consumption of ready-to-eat meals, as well as the surging trend of dining out would contribute to the growth. Ready-to-eat meals are infused with vacuum salts as a seasoning and flavoring agent. Additionally, the flourishing foodservice sector and the rising number of food chains in various countries would propel growth. However, these products have to go through stringent safety and quality checking procedures that are often time consuming. It may hamper growth.
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Asia Pacific to Remain at the Forefront Backed by Expansion of Foodservice Industry
Geographically, Asia Pacific is anticipated to procure the largest vacuum salts market share in the near future. This growth is attributable to the large consumer base and the expansion of the foodservice industry in this region. Coupled with this, the higher consumption of convenience foods, such as poultry products, meat, ready-to-cook meals, and snacks in this region would spur growth. India and China would contribute majorly to this growth as they are the largest producers of vacuum salts in the world.
Europe, on the other hand, is set to exhibit substantial growth backed by the presence of a well-established food and beverage industry. At the same time, the increasing awareness about high-quality food ingredients among consumers is likely to accelerate growth. In North America, the extensive usage of this product by the chemical industry for the production of antimicrobials and organic solvents would augment growth.
Key Players Focus on Expanding Production Capacity to Cater to High Consumer Demand
The market for vacuum salts is fragmented with the presence of numerous manufacturers. Most of them are either focusing on broadening their production capacity or are launching new products to fulfill the high demand. Below is one of the most significant industry developments:
- December 2017: AkzoNobel announced that it is planning to broaden the production of high-purity vacuum salt in the Netherlands. It will be able to surge the output of the facility by 25%. This new project will also help in meeting the rising demand from its customers.
A list of all the renowned vacuum salts manufacturers operating in the global market:
- Akzo Nobel N.V.
- Cargill Incorporated
- Tata Chemicals Ltd.
- Atisale S.p.A.
- Amra Salt Factory
- INEOS AG
- K+S Aktiengesellschaft
- Wilson Salt Ltd.
- Gayathri Salts
- Nouryon Chemicals Holding B.V.
- Other key market players
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