New York, NY, Oct. 10, 2018 (GLOBE NEWSWIRE) -- 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.
Browse through 158 Tables & 27 Figures spread over 110 Pages and in-depth TOC on “Kosher Salt Market: Global Industry Size, Share, Key Segments, Analysis and Forecast, 2017 – 2024”.
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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 are expected to enhance the growth of the market for kosher salt within the period of the forecast.
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.
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North America is dominating the global market for kosher salt. The presence of several companies of food and beverages in the region is the primary factor for the growth of the kosher salt market. The high consumer preference for processed and restaurant food items due to busy lifestyles in the countries including Canada and the U.S. is driving the high demand for kosher salt. Moreover, the growing penetration of restaurants offering a specialized menu for kosher food which is mostly preferred to consume and easy availability of kosher food through various distribution channels including online retailers, convenience stores, meat shops, and superstores is expected to enhance the growth of the kosher salt market in North America within the forecast period.
The market for kosher salt in the Asia Pacific is anticipated to record a significant market share over the period of the forecast. Organized retail in urban and rural centers across the region is anticipated to contribute to the increased distribution of kosher salt. Changing food habits with the influence of Western culture and increasing adoption of kosher food by vegetarian and health conscious consumers is projected to boost the growth of the kosher salt market in the Asia Pacific. Furthermore, the increasing urbanization, disposable income, and increasing consumer inclination towards processed food consumption are expected to enhance the growth of the kosher salt market within the period of the forecast.
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
In Europe, the market for kosher salt is witnessing a significant growth with the existence of numerous food processing companies in Germany and the UK, which exhibits the potential demand for kosher salt. The increasing consumption of kosher salt in order to enhance the flavor and taste of the various recipes is projected to enhance the market for kosher salt in Europe during the period of the forecast. Moreover, in Europe, the food and beverage companies are competing to serve consumers with a novel product range. This, in turn, is anticipated to boost the growth of the market for kosher salt in Europe within the period of the forecast.
The market for kosher salt in Latin America is expected to register a stable growth rate in the forecast period. Rising disposable income coupled with a growing middle-class population is anticipated to boost the growth of the kosher salt market in Latin America over the period of the forecast.
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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.
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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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