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.
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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.).
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