Global Kosher Salt Market Set For Rapid Growth, Expected To Reach USD 1.68 Billion By 2024

09-Oct-2018 | Zion Market Research

Zion Market Research has published a new report titled “Kosher Salt Market by Type (Smoked Kosher Salt, Kosher Salt Crystals, and Kosher Salt Flakes), By End-User (Retail, Food & Beverage Manufacturers, and Food Service Companies), and By Packaging Material (Cardboard, Plastic, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, the global kosher salt market was valued at around USD 1.02 billion in 2017 and is expected to reach approximately USD 1.68 billion by 2024, growing at a CAGR of around 7.4% between 2018 and 2024.

Kosher salt is less processed and larger grained salt. Traditionally, this larger grained version of salt was used in the meat koshering process, specifically to remove surface blood from meat. Since kosher salt has a slightly larger crystal, it is more pinch-able. Chefs prefer kosher salt as table salt as it dissolves more easily than other salts and possesses a tasty flavor. Kosher salt is prepared by chemical refinement of salt brine. 

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Browse the full "Kosher Salt Market by Type (Smoked Kosher Salt, Kosher Salt Crystals, and Kosher Salt Flakes), By End-User (Retail, Food & Beverage Manufacturers, and Food Service Companies), and By Packaging Material (Cardboard, Plastic, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024" report at https://www.zionmarketresearch.com/report/kosher-salt-market

The global market for kosher salt is in the expansion phase and is projected to exhibit a considerable CAGR in the forecast period. The growth of the kosher salt market is primarily due to the increasing consumer spending on eating out along with growing awareness about the health benefits associated with kosher salt. Ease of use and high absorption rate of kosher salt is anticipated to boost the demand for the kosher salt in various applications. Moreover, the rising number of food service companies and rapidly expanding food & beverage industry across both developed and developing countries is expected to enhance the growth of the market for kosher salt within the period of the forecast.

Kosher-Salt-Market

Based on product type, the market is divided into smoked kosher salt, kosher salt crystals, and kosher salt flakes. Kosher salt crystal is the fastest growing segment and accounted for a large market share in 2017, in term of revenue. High consumption of beverages and processed food is driving the expansion of the food and beverage industry. This, in turn, is anticipated to enhance the demand for the kosher salt in the forecast period. The second important type of kosher salt is smoked kosher salt, displaying promising market share and is projected to grow at a considerable CAGR during the forecast period. Based on the end-user, the market for kosher salt is divided into retail, food & beverage manufacturers, and food service companies. The retail segment is the fastest growing segment and accounted for a promising market share in terms of revenue in 2017. Food service companies are the second important segment and the growth is attributed to the growing preference of chefs for kosher salt in preparing various dishes. Based on the packaging material, the market for kosher salt is segmented into cardboard, plastic, and others. The plastic material is the widely preferred packaging material for salt packaging. The segment accounted for the major market share in 2017, in terms of revenue. The second important packaging material is cardboard. The increasing adoption of eco-friendly packaging approach is expected to enhance the growth of the segment within the period of the forecast.

The North America kosher salt market accounted for the largest market share in 2017 in terms of revenue. The growth of the market in the region is mainly due to high consumer spending on kosher food products. The second promising market is the Asia Pacific and is projected to show a significant growth rate in the forecast period. The growth in the region is attributed to the growing expansion of application industries including food service companies and food & beverage manufacturers in countries such as China and India. Moreover, the increasing number of retail outlets and supermarkets is expected to enhance the growth of the kosher salt market in the Asia Pacific within the period of the forecast. The market for the kosher salt in Europe is expected to register a significant growth during the period of the forecast with increasing number of hotels, restaurants, and retail food outlets. The market for kosher salt in Latin America is anticipated to grow due to rapid development and expansion of the fast food industry. The growth of the market for kosher salt in the Middle East and Africa is attributed to the increasing consumer preference for dining out.

The key players operating in the global market for kosher salt accounted for a considerable market share in 2017. These major companies are focusing on new product development and research & development projects in order to expand the business in emerging markets. Some of the key companies included in the global kosher salt market report are Morton Salt, Inc., San Francisco Slat Company, Redmont, Inc., Cargill, Inc., Qingdao Huifenghe Msg Co., Ltd., Flavor Delite, Inc., Marblehead Salt Co., Thai Refined Salt Co., Ltd., K+S Windsor Salt Ltd., Saltworks, Inc., and Natural Minerals.

This report segments the global kosher salt market as follows:

Global Kosher Salt Market: Type Segment Analysis

  • Smoked Kosher Salt
  • Kosher Salt Crystals
  • Kosher Salt Flakes

Global Kosher Salt Market: End-user Segment Analysis

  • Retail
  • Food & Beverage Manufacturers           
  • Food Service Companies  

Global Kosher Salt Market: Packaging material Segment Analysis

  • Cardboard
  • Plastic            
  • Others

Global Kosher Salt Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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