Global Kosher Salt Market: By Product Type (Kosher Salt Crystals, Kosher Salt Flakes, and Smoked Kosher Salt), By Application (Food & Beverage Manufacturers, Food Service Companies, and Retail), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global kosher salt market was valued at US$ XX Mn in 2017 and expected to grow at 7.2% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Market Outline: Kosher Salt Market
Kosher salt is an edible salt having larger grain size in comparison with typical table salt. Kosher salt has a pure flavor as there are no additives added to it. It is produced by evaporation process by compressing granular fakes into larger flakes.
Market Dynamics: Kosher Salt Market
Rising preference of natural ingredients owing to the health consciousness among the people is the key factor attributed for the growth of the kosher salt market. Increase in the application of the kosher salt in the traditional cuisines is expected to drive the growth of the market. The preference from chefs for kosher salts owing to its easy handling is anticipated drive the market revenue growth over the forecast period. However, the unavailability of the kosher salt in certain geographical areas is hindering the growth of the kosher salt market. The low solubility of the kosher salt is likely to hamper the growth of the market.
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Market Scope: Kosher Salt Market
The kosher salt market is segmented based on the product type, and application.
Based on the product type, the market is segmented into the following:
- Kosher Salt Crystals
- Kosher Salt Flakes
- Smoked Kosher Salt
Based on the application, the market is segmented into the following:
- Food & Beverage Manufacturers
- Food Service Companies
- Retail
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Regional Analysis: Kosher Salt Market
Geographically, the global kosher salt market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America kosher salt market holds the largest share in both production as well as consumption of kosher salt in comparison with other regional markets. Owing to its unrestrained nature of the food and beverage segment, North America to remain undisputed dominant region in the upcoming years. The Europe region and the Asia Pacific falls next to the North America region. The Asia Pacific to show an exponential growth over the forecast period.
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Competition Assessment: Kosher Salt Market
Some of the players in the global kosher salt market include:
- Cargill, Inc. (US)
- Redmond, Inc. (US)
- Qingdao Huifenghe MSG Co., Ltd. (China)
- Thai Refined Salt Co., Ltd. (Thailand)
- The Marblehead Salt Co., LLC. (US)
- Saltworks (US)
- K+S Windsor Salt Ltd. (Canada)
- San Francisco Slat Company (US)
- Morton Salt, Inc. (US)
Notable Market Developments: Kosher Salt Market
- In August 2016, Cargill has taken kosher salt to next level by introducing new Diamond Crystal Fine Kosher Salt
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