The food-grade salt market in Italy has experienced significant fluctuations in recent years. From a peak in 2013 of 743.12 million kilograms, the market has seen a general decline, reaching 429.48 million kilograms in 2023. Year-on-year variations indicate periods of both decline and slight recovery, with the most recent two years showing a decrease of 6.54% in 2023 and 4.92% in 2022. Between 2020 and 2021, the market saw a more pronounced drop of 12.49%. The average annual decline over the past five years is approximately 5.34%.
Forecasted data from 2024 to 2028 suggest a continued downward trend, with a compound annual growth rate (CAGR) of -9.42% expected over the next five years. By 2028, the market volume is anticipated to fall to 238.05 million kilograms, representing an overall reduction of 39.03% from 2023 levels.
Future trends to watch for include potential shifts in consumer preferences towards healthier, low-sodium diets and increased competition from alternative seasoning products. Additionally, advancements in food preservation technology may further impact the demand for food-grade salt.
