Global Kosher Salt Market: Snapshot
The global kosher salt market is currently being driven by the growing awareness among consumers from both developed and developing economies regarding the benefits of consuming kosher salts over processed salts. Additionally, the market also benefits from the facts that the overall requirement of kosher salt per use is more than common salt owing to its open granular structure and high surface area. Kosher salt also makes it easier for consumers to use them due to the ease with which they can be measured using hands as they are easier to pick up than the finer common salt. However, the global kosher salt market is being restricted by its negligible usage in areas where iodine deficiency is at a higher prevalence. The global kosher salt market is segmented on the basis of end users, into retail, food service, and beverage manufacturers. The common packaging materials used in the global kosher salt market include cardboard, papers, and plastics.
On the basis of revenue, the global kosher salt market was valued at US$832.3 mn at the end of 2015. It is expected to reach US$1517.2 mn by the end of 2024, after expanding at a CAGR of 7.0% from 2016 to 2024. On the basis of volume, the global kosher salt market is expected to progress at a CAGR of 3.7% from 2016 to 2024.
North America to Retain Lead in Kosher Salt Consumption and Production
The key regions in the global kosher salt market are North America, Asia Pacific, Europe, and the rest of the world. Among these, North America has successfully led the global kosher salt market over the past few years in terms of both production as well as consumption. It is highly likely for North America to remain the leader in the global kosher salt market for the coming years, owing to the highly expansive nature of its food and beverage sector. Several developed countries such as the U.S., Canada, and European nations make it mandatory for common salt to contain 97.5% sodium chloride per unit volume. Several manufacturers make use of preservatives and anti-caking agents, chemicals that are absent from kosher salt. The high awareness among common consumers regarding the difference between processed salts and kosher salts is what imparts a heavy demand for the latter in the U.S.
Heavy Use of Kosher Salt Crystals in Restaurants Pushes Demand
Kosher salt crystals have shown a leading nature of demand in the global kosher salt market. Kosher salt crystals have consistently experienced a massive demand from the food and beverage industry. Given the currently expanding nature of this sector, it is likely that the demand for kosher salt crystals will be increasing over the coming years. Restaurants commonly make use of kosher salt crystals in their food preparations, owing to the unique nature of kosher salts imparting a seasoning to meats without making them excessively salty. This is the primary reason why chefs across the world prefer to use kosher salts to season their meats.
The top names linked to the global kosher salt market today, include The major players in the global Kosher Salt market include Morton Salt, Inc. (Chicago, U.S.), San Francisco Slat Company (San Leandro, U.S.), Redmont, Inc. (Utah, U.S.), Cargill, Inc. (Minnesota, Ireland), Qingdao Huifenghe Msg Co., Ltd. (Shandong, China), Flavor Delite, Inc. (Pointe-Claire, Quebec), Marblehead Salt Co. (Marblehead, U.S.), Thai Refined Salt Co., Ltd. (Bangkok, Thailand), K+S Windsor Salt Ltd. (Kassel, Germany), Saltworks, Inc. (Woodinville, U.S.), and Natural Minerals (Overland Park, U.S.).
Global Kosher Salt Market: Overview
This report covers the analysis and forecast of the kosher salt market on a global and regional level. The study provides historic data of 2015 along with forecast for the period between 2016 and 2024 based on volume (Kilo Tons) and revenue (US$ Mn).
The study provides a decisive view of the kosher salt market by segmenting it based on product type, end use, packaging material type and regional demand. Application segments have been analyzed based on current trends and future potential. The market has been estimated from 2016 to 2024 in terms of volume (Kilo Tons) and revenue (US$ Mn). Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. These have been further sub-segmented into countries and regions with relevance to the market. The segmentation also includes demand for individual applications in all regions.
The study covers the drivers and restraints governing the dynamics of the market along with their impact on demand during the forecast period. Additionally, the report includes potential opportunities in the kosher salt market on the global and regional level.
Global Kosher Salt Market: Segmentations
The study encompasses market attractiveness analysis, wherein applications have been benchmarked based on their market size, growth rate, and general attractiveness for future growth.
The market has been forecast based on constant currency rates. Prices of kosher salt vary in each region and are a result of the demand-supply scenario in the region. Hence, a similar volume-to-revenue ratio does not follow for each individual region. Individual pricing of kosher salt for each application has been taken into account while estimating and forecasting market revenue on a global basis. Regional average price has been considered while breaking down the market into application segments in each region.
The report provides the size of the kosher salt market in 2015 and the forecast for the next nine years up to 2024. The size of the global kosher salt market is provided in terms of both volume and revenue. Market volume is defined in Kilo Tons, while market revenue for regions is in US$ Mn. The market size and forecast for each product segment is provided in the context of global and regional markets. Numbers provided in this report are derived based on demand generated from different applications and types of raw materials.
Global Kosher Salt Market: Scope of the Study
Market estimates for this study have been based on volume, with revenue being derived through regional pricing trends. The price for commonly utilized grades of kosher salt in each application has been considered, and customized product pricing has not been included. Demand for kosher salt has been derived by analyzing the global and regional demand for kosher salt in each application. The global kosher salt market has been analyzed based on expected demand. Market data for each segment is based on volume and corresponding revenues. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors, and direct selling regional producers based on manufacturers’ feedback. Forecasts have been based on the expected demand from kosher salt. We have used the top-down approach to estimate the global kosher salt market, split into regions.
The product type split of the market has been derived using a top-down approach for each regional market separately, with the global product type segment split being an integration of regional estimates. Companies were considered for the market share analysis based on their product portfolio, revenue, and manufacturing capacity. In the absence of specific data related to the sales of kosher salt of several privately held companies, calculated assumptions have been made in view of the company’s product portfolio and regional presence along with the demand for products in its portfolio.
The report covers a detailed competitive outlook that includes market share and company profiles of key players operating in the global market. Key players profiled in the report include San Francisco Slat Company (U.S), Morton Salt, Inc. (U.S), Cargill, Inc. (Ireland), Redmont, Inc. (U.S), Flavor Delite, Inc.(Quebec), Qingdao Huifenghe Msg Co., Ltd. (China), Thai Refined Salt Co., Ltd. (Thailand), Marblehead Salt Co. (U.S.), Saltworks, Inc. (U.S.), K+S Windsor Salt Ltd. (Kassel, Germany), and Natural Minerals (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