Kosher salt market surges as consumers show inclination for additive-free table salt, says TMR

The kosher salt market is expected to sail afloat on the back of increasing health awareness among consumers and change in their behavior pattern. As a result of the unprecedented COVID-19 outbreak, consumers have gotten into the habit of stockpiling on essential commodities. Salt, being an essential kitchen item, thus witnessed elevated demand amidst the ongoing scenario.

However, overall business is hampered to an extent as restaurants and food chains remain shuttered as per government orders. Nonetheless, recovery is on the cards with governments easing lockdown orders. Post COVID-19 period, as per TMR, will mark the market’s recovery and elevated demand for kosher salt.

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Despite supply-chain disruptions, a byproduct of extended period of lockdown, Transparency Market Research (TMR) forecasts the demand for kosher salt to remain steady, enabling the market surpass an overall valuation of US$1.5 billion by 2025.

TMR studies the kosher salt market and offers refined forecasts for the period between 2020 and 2030. It has predicted the market to expand at above 6% CAGR over the course of the forecast tenure. The report offers exclusive insights into the market, examining key strategies adopted by the market players to gain competitive advantage.

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The kosher salt market exhibits a high degree of consolidation wherein the tier 1 companies account for the lion’s share. Of these, Cargill, Compass Minerals International, Inc., and K+S Aktiengesellschaft are highly prominent. Due to lack of differentiation, most companies operating in the market are focusing on advertising their brands.

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North America to Continue Exhibiting High Demand

Additionally, research initiatives to better nutrition quotient of kosher salt will give tailwinds to the growth of their business. In TMR’s report, readers can find detailed insights into key trends prevailing in the market. It also offers information on key growth drivers and restraints.

Among regional markets, North America is expected to remain dominant through the forecast period. Growth witnessed in the region is attributable to consistently rising demand for kosher salt. Also, the market is expected to record impressive growth driven by demand witnessed across the regions illustrious restaurant, hotel, and food service chains.

Among product types available in the market, the demand for kosher salt crystals has been significantly high. The report offers detailed insights into various factors encouraging growth across key segments of the market.

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Increasing Application in Various Delicacies Underpins Growth

Kosher salt’s popularity as iodine-free salt has been rising, thanks to its increasing application in culinary arts around the world. Bereft of any chemical additives, this course salt has risen to popularity due to its health attributes. It is extensively used for seasoning of meat by fast food joints.

Coarse and slightly larger size grains of kosher salt gives it an easy to control texture, which is one of its key characteristics appealing to chefs around the world. Also because of its coarse grains, kosher salt gives an attractive texture to a plethora of delicacies. These are a few of the chief factors underpinning growth in the kosher salt market.

Besides this, the kosher salt market is forecast to gain the expanding food and beverage sector. Additionally, advances in packaging are expected to uncover hidden opportunities for the market. Retail stores and supermarkets have accorded distinct shelf and section for kosher salt to attract discerning consumers. There strategies are expected to augur well for the global market.

TMR segments the kosher salt market as:

Product Type
Kosher Salt Flakes
Smoked Kosher Salt
Kosher Salt Crystals

End User
Retail (Packed Kosher Salts)
Food Service Companies
Food & Beverage Manufacturers

Packaging Material Type
Cardboard and Paper
Plastic 
Others

Geography

North America
U.S.
Canada
Mexico
Europe
U.K.
France
Italy
Germany
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Middle East and Africa (MEA)
UAE
South Africa
Rest of MEA
Latin America (LATAM)
Brazil
Argentina
Rest of LATAM

The world has undergone a major shift in the way of living since the COVID-19 pandemic struck. A notable change in the functioning of various businesses and sectors has influenced their working mechanisms extensively. The food and beverage sector is no stranger to this change. Transparency Market Research (TMR) has studied many aspects concerning the difference between the trends in the pre-pandemic and post-pandemic world across the food and beverage industry.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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This release was published on openPR.