Product Code: ETC074503 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India salt market import shipment demonstrated robust growth with a CAGR of 21.1% from 2020 to 2024. The momentum accelerated notably between 2023 and 2024, with a growth rate of 42.3%. The market expansion indicates a thriving demand for imported salt during the period, showcasing a strong upward trend.
India is the third-largest salt producer in the world, with annual production estimated at 25 million tons. The country`s natural resources of brine and saline soils are largely unexploited for its production of salt, mostly due to inadequate infrastructure and technology. This creates a significant opportunity for new entrants into the market. The major producers are located mainly in western India, particularly Gujarat and Rajasthan. In 2018/19, Gujarat was responsible for 70% of total domestic output while other states such as Tamil Nadu account for the rest.
The increasing demand from various sectors like industrial processing (food & beverage industry), water treatment chemicals and de-icing agents has been driving growth in the Indian Salt Market in recent years. Additionally, government initiatives such as Make In India have encouraged investments which has increased supply capacity leading to higher exports over time. Furthermore, technological advancements have enabled manufacturers to produce food grade salts that meet international standards thereby opening up new export avenues across South East Asia and Africa region thus further contributing to overall growth prospects of this sector.
The primary challenge facing this industry is lack of production techniques that can yield high quality products with better yields than traditional methods used presently by most local producers which involves solar evaporation or vacuum evaporation process using large ponds or pans respectively resulting in low productivity per unit area compared to modern evaporators used elsewhere globally . Moreover cost competitive imported goods from China along with other countries often pose a threat since they undercut local prices making it difficult for local players who don`t possess strong brand value or economies of scale , thus causing difficulty obtaining profitable margins.
In order to stay relevant amidst rising competition many companies are focusing on improving their product portfolio through innovation coupled with launching various marketing campaigns so as to create awareness among consumers about their offerings . Furthermore there has been an increase in mergers & acquisitions between foreign & domestic companies looking at leveraging each other?s strengths while expanding their footprint nationally & internationally . These trends will likely continue going forward given current scenario amid covid-19 pandemic where firms want secure outlets for capitalising on any potential opportunities during economic recovery phase post crisis.
Tata Chemicals Ltd., Solaris Chemtech Industries Limited., AkzoNobel Nederland BV , DCW LIMITED , Kutch Chemical Industries ltd etc are some key players operating within this space offering variety of products
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Salt Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Salt Market Revenues & Volume, 2021 & 2031F |
3.3 India Salt Market - Industry Life Cycle |
3.4 India Salt Market - Porter's Five Forces |
3.5 India Salt Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Salt Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 India Salt Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the health benefits of consuming iodized salt |
4.2.2 Growth in the food processing industry leading to higher demand for salt as a preservative |
4.2.3 Rising disposable income and changing dietary preferences towards packaged and convenience foods |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Health concerns related to excessive salt consumption leading to a shift towards low-sodium alternatives |
5 India Salt Market Trends |
6 India Salt Market, By Types |
6.1 India Salt Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Salt Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Salt Market Revenues & Volume, By Rock Salt, 2021-2031F |
6.1.4 India Salt Market Revenues & Volume, By Brine , 2021-2031F |
6.1.5 India Salt Market Revenues & Volume, By Solar Salt, 2021-2031F |
6.1.6 India Salt Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Salt Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Salt Market Revenues & Volume, By Chemical Processing, 2021-2031F |
6.2.3 India Salt Market Revenues & Volume, By Road De-icing, 2021-2031F |
6.2.4 India Salt Market Revenues & Volume, By Food Processing, 2021-2031F |
6.2.5 India Salt Market Revenues & Volume, By Others, 2021-2031F |
7 India Salt Market Import-Export Trade Statistics |
7.1 India Salt Market Export to Major Countries |
7.2 India Salt Market Imports from Major Countries |
8 India Salt Market Key Performance Indicators |
8.1 Number of households using iodized salt |
8.2 Consumption of packaged and processed foods |
8.3 Government initiatives promoting iodized salt consumption |
8.4 Growth in the food processing industry |
8.5 Consumer preferences for iodized salt vs. non-iodized salt |
9 India Salt Market - Opportunity Assessment |
9.1 India Salt Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Salt Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 India Salt Market - Competitive Landscape |
10.1 India Salt Market Revenue Share, By Companies, 2024 |
10.2 India Salt Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |