ALBANY, New York, December 9, 2016 /PRNewswire/ --
Transparency Market Research has published a new market report titled "Global Kosher Salt Market (By Product Type - Kosher Salt Flakes, Smoked kosher salt, Kosher Salt Crystals, and Others), by End Use (Retail (Packed Kosher Salts), Food Service Companies, and Food and Beverage Manufacturers), by Packaging Material Type (Cardboard & Paper, Plastics, and Others), and by Region (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 - 2024". In terms of revenue, the Global Kosher Salt market was valued at USD 832.3 million in 2015, and is expected to reach USD 1517.2 million by 2024, increasing at a CAGR of 7.0% from 2016 to 2024 and in terms of volume, the Global Kosher Salt market was valued at 4895.9 Kilo Tons in 2015, and is expected to reach 6877.5 Kilo Tons by 2024, increasing at a CAGR of 3.7% from 2016 to 2024
The global Kosher Salt Market is segmented by region into: Europe, North America, Asia Pacific, Latin America and Middle East and Africa. In terms of revenue, North America dominated the global Kosher Salt market followed by Europe, Asia Pacific, Latin America, and Middle East and Africa. Kosher salt market is segmented by product type into Kosher Salt Flakes, Smoked kosher salt, Kosher Salt Crystals, and others. By End Use, the global kosher salt market is segmented into Retail (Packed Kosher Salts), Food Service Companies, and Food and Beverage Manufacturers. On the basis of packaging Material Type the market is divided into Cardboard & Paper, Plastics, and Others.
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Enhanced functional properties, increase in adoption, along with growing awareness about health related problems related to salts are heavily influencing the growth of the global Kosher Salt market. Larger flake size, leading to higher absorption, and ease of use of kosher salt has driven the production of kosher salt by manufacturers globally. Higher volume requirement and business expansion of Kosher Salt manufacturers into new markets and regions is expected to bolster the growth of global Kosher Salt market during the forecast period from 2016 to 2024.
Kosher salt finds its use in many industries apart from food. Though food is the primary target segment for kosher salt manufacturers, however, industrial use of kosher salt is a trend that is gaining momentum. In the food segment, food and beverage manufacturers also use kosher salt to a large extent due to its functionalities such as preservation and absorption.
North America is among the world's biggest producers of kosher salt. Also, the Kosher Salt market in this region has the maximum share owing to considerable number of manufacturing companies and high adoption rate. Kosher salt is considered as the purest form of salt. Although the U.S., and most developed countries mandate the percentage of NaCl in salt at 97.5%, for common salt other chemicals such as anti-caking agents are used. These chemicals are absent in kosher salt. This factor along with increased use of kosher salt for food seasoning, has propelled the growth of the kosher salt market in the region. However, solubility of kosher salt is low, therefore it is not used in products/industries demanding high solubility index of salt, such as pharmaceuticals, and bakery. The growth in this region is likely to be partially inhibited by these factors.
In 2015, Europe held the second largest market share for Kosher Salt market, accounting for more than 28% of total market size. The U.K., and Germany are the leading markets of kosher salt in the region. The increasing demand of kosher salt, due to presence of a well-established food service industry, have positively impacted the demand for the market in the region.
Asia Pacific is poised to be the most potential market over the forecast period. Due to a large number of manufacturers present in the Chinese market, which is mostly unorganized sector, the future of the market looks promising. There is a growing acceptance of kosher salt in this region, coupled with rising production facilities, which is fuelling the market in this region.
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The global kosher salt market is consolidated in nature, governed by a few major players with more than 1/3rd of the market share. Some of the major players in the global Kosher Salt market include San Francisco Slat Company (San Leandro, U.S), Morton Salt, Inc. (Chicago, U.S), Cargill, Inc. (Minnesota, Ireland), Redmont, Inc. (Utah, U.S), Flavor Delite, Inc. (Pointe-Claire, Quebec), Qingdao Huifenghe Msg Co., Ltd. (Shandong, China), Thai Refined Salt Co., Ltd. (Bangkok, Thailand), Marblehead Salt Co. (Marblehead, U.S.), Saltworks, Inc. (Woodinville, U.S.), K+S Windsor Salt Ltd. (Kassel, Germany), and Natural Minerals (Overland Park, U.S).
The global Kosher Salt market has been segmented into:
Global Kosher Salt Market: By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- South Africa
- Rest of MEA
- Latin America (LATAM)
- Rest of LATAM
Global Kosher Salt Market: By Product Type
- Kosher Salt Flakes
- Smoked Kosher Salt
- Kosher Salt Crystals
Global Kosher Salt Market: By End User
- Retail (Packed Kosher Salts)
- Food Service Companies
- Food & Beverage Manufacturers
Global Kosher Salt Market: By Packaging Material Type
- Cardboard and Paper
Browse Other Research Reports:
- Vacuum Salt Market: http://www.transparencymarketresearch.com/vacuum-salt-market.html
- Salt Additives Market: http://www.transparencymarketresearch.com/salt-additives-market.html
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