A $1.7 Billion Global Opportunity for Kosher Salt by 2026 - New Research from StrategyR
SAN FRANCISCO, Sept. 17, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Kosher Salt - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 904
Companies: 44 - Players covered include Cargill, Inc.; Flavor Delite, Inc; K+S Windsor Salt Ltd.; Morton Salt, Inc.; Qingdao Huifenghe MSG Co., Ltd.; SaltWorks, Inc.; San Francisco Salt Company; Thai Refined Salt Co., Ltd.; The Marblehead Salt Co. LLC. and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Retail, Food & Beverage Manufacturers, Food Service Companies); Packaging Material (Cardboard, Plastic, Other Packaging Materials); Type (Smoked Kosher Salt, Kosher Salt Crystals, Kosher Salt Flakes)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Kosher Salt Market to Reach $1.7 Billion by 2026
Amid the COVID-19 crisis, the global market for Kosher Salt estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$1.7 Billion by 2026, growing at a CAGR of 6.2% over the analysis period. Smoked Kosher Salt, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$620.5 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Kosher Salt Crystals segment is readjusted to a revised 6.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $331 Million in 2021, While China is Forecast to Reach $344.4 Million by 2026
The Kosher Salt market in the U.S. is estimated at US$331 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$344.4 Million by the year 2026 trailing a CAGR of 9.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 5.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
Kosher Salt Flakes Segment to Reach US$295.8 Million by the year 2026
In the global Kosher Salt Flakes segment, USA, Canada, Japan, China and Europe will drive the 4.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$161.5 Million in the year 2020 will reach a projected size of US$225.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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