16-May-2022 | Zion Market Research
The Kosher Salt Market was worth around USD 1,128.1 million in 2021 and is estimated to grow to about USD 1,435.6 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.1 percent over the forecast period. The report analyzes the Kosher Salt Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Kosher Salt Market.
Kosher salt is made by evaporating granular particles and compacting them into bigger flakes. It is unrefined, and its primary sources are subterranean deposits and evaporated seawater. Kosher salt has a lower salt content than table salt or sea salt. Except for the iodine, which is also found in regular salt, it contains no additions. The rising health-related difficulties caused by excessive sodium consumption are a primary reason for the rising demand for Kosher Salt. The increase in acceptance, increased health consciousness, faster absorption rate, and convenience of usage are driving the market growth. Cooking meat is substantially assisted by the use of kosher salt, and hence the ubiquity of meat dishes around the world boosts the market. The kosher salt market is predicted to rise dramatically as the food and beverage sector advances and expands in size. The growing variety of kosher salt uses, such as traditional cuisines and professional chefs in luxury hotels, drives up market demand. Kosher salt also gives retailers a bigger profit margin. The growing demand for kosher cuisine is projected to fuel the market for kosher salts in the near future. Advances in the packaging industry to provide better quality storage facilities for kosher salt to keep it fit for use for a longer period of time are also projected to boost the market's growth. The requirement to consume the required amount of iodine in places with high iodine shortages is likely to have a negative impact on the growth of kosher salt in that region. The market's expansion is hampered by low solubility.
The Kosher Salt Market is segregated based on Product Type and End User. Based on Product Type, the global market is distinguished into Kosher Salt Flakes, Smoked Kosher Salt, and Kosher Salt Crystals. Based on End User, the global market is distinguished into Retail, Food Service Companies, Packaging Material Type, Cardboard, Plastic, and Others.
In terms of revenue share and consumption, North America is expected to dominate the worldwide kosher salt market during the forecast period because of the huge number of participants in this market. With the rise in global usage of kosher salt as the main salt variety, developing nations are projected to see increased demand for the product. Furthermore, the high meat consumption in this region is expected to have an impact on the sales of kosher meat in this region. Furthermore, the growing awareness of the health benefits of utilizing kosher salt over regular salt is driving up the market even further. The Asia Pacific region is predicted to have a high CAGR in the kosher salt market due to an increase in end-users. Rapid urbanization, combined with increased incomes, is prompting people to seek out healthier alternatives in order to maintain their health. Furthermore, food demand is rising in developing countries such as India and China. During the anticipated period, home use of kosher salt will be at its peak.
Key players functioning in the Kosher Salt Market include San Francisco Salt Company, Morton salt, Inc., Cargill, Inc, Redmond, Inc., Flavor Delite, Inc, Qingdao Huifenghe Co., LLC., Saltworks, K+S Windsor Salt Ltd.
Browse the full “Kosher Salt Market By Product Type (Kosher Salt Flakes, Smoked Kosher Salt, and Kosher Salt Crystals). By End User (Retail, Food Service Companies, Packaging Material Type, Cardboard, Plastic, and Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/kosher-salt-market
Global Kosher Salt Market is segmented as follows:
By End User
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