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The World Market for Salts & Flavored Salts (2019-2024): Key Players are K+S Aktiengesellschaft, Tata Chemicals, Zoutman, Nouryon, and McCormick & Company - ResearchAndMarkets.com

May 23, 2019

DUBLIN--(BUSINESS WIRE)--May 23, 2019--

The “The World Market for Salts & Flavored Salts (2019-2024)” report has been added to ResearchAndMarkets.com’s offering.

The global salts and flavored salts market is forecasted to reach USD 2.4 billion by 2024 growing at a CAGR of 3.83% during the forecast period (2019-2024).

Key Market Trends

Increase in Seasoned & Flavoring Salt Demand

Consumers trying to get more creative with cooking and experiment beyond traditional pairings, are opting for flavored salts. The flavored salts are resulting in a flavor concoction that is more impactful than a seasoning blend. The increasing demand for foreign cuisines, such as Italian and French food, among consumers in emerging economies, due to rising westernization trends, has led to an increased usage of flavored salts. Consumers are purchasing seasoned and flavored salts from online channels, including company websites, such as The Meadow and third party sellers, like Amazon, due to the availability and accessibility of different varieties of the salts. The growing demand for hot and spicy fast food among young consumers have enabled food service restaurants to use flavored salts such as jalapeno salts in the regional processed meals.

Asia-Pacific - the Largest as well as the Fastest Growing Region

China Salt Industry Group Co., Ltd (former China National Salt Industry Corporation) controls a major market share and production of edible salt in the country. It is the largest salt enterprise in Asia and second-largest in the world, with the production of 18 million metric ton of various salt products, in 2017. The Japanese consumers do not use a huge amount of spices or seasonings in their food, despite their love and appreciation for food, thus, natural sea salts that are made by boiling down Japanese sea water are preferred by the consumers in the country. For instance, The Salt Industry Center of Japan is a public foundation involved actively in performing investigative research on salt and supplying household cooking salt with 99% sodium content in the country.

Competitive Landscape

The salts and flavored salts market is fragmented, with small-scale manufacturers contributing a significant share to the market. Key players in the global salts and flavored salts market adopt key strategies, such as business expansions, product innovations, followed by partnerships and mergers and acquisitions. The most active companies in the market include key players, such as K+S Aktiengesellschaft, Tata Chemicals, Zoutman, Nouryon, and McCormick & Company, among others.

Key Topics Covered

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

3.1 Market Overview

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Porters Five Forces Analysis

5 MARKET SEGMENTATION

5.1 By Type

5.1.1 Table Salt

5.1.2 Seasoned Salt

5.1.3 Flavored Salt

5.1.3.1 Truffle Salt

5.1.3.2 Garlic Salt

5.1.4 Lime and Lemon Salt

5.1.5 Smoked Salt

5.1.6 Jalapeno Salt

5.1.7 Other Flavored Salts

5.2 By Distribution Channel

5.2.1 Supermarket/Hypermarket

5.2.2 Convenience Stores

5.2.3 Departmental Stores

5.2.4 Other Distribution Channels

5.3 Geography

5.3.1 North America

5.3.1.1 United States

5.3.1.2 Canada

5.3.1.3 Mexico

5.3.1.4 Rest of North America

5.3.2 Europe

5.3.2.1 Germany

5.3.2.2 United Kingdom

5.3.2.3 France

5.3.2.4 Russia

5.3.2.5 Italy

5.3.2.6 Spain

5.3.2.7 Rest of Europe

5.3.3 Asia-Pacific

5.3.3.1 India

5.3.3.2 China

5.3.3.3 Australia

5.3.3.4 Japan

5.3.3.5 Rest of Asia-Pacific

5.3.4 South America

5.3.4.1 Brazil

5.3.4.2 Argentina

5.3.4.3 Rest of South America

5.3.5 Middle East & Africa

5.3.5.1 South Africa

5.3.5.2 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Strategies Adopted by Leading Players

6.2 Market Share Analysis

6.3 Company Profiles

6.3.1 K+S AG

6.3.2 Akzo Nobel N.V.

6.3.3 Tata Chemicals

6.3.4 McCormick & Company Inc.

6.3.5 United Salt Corporation

6.3.6 Ajinomoto Co. Inc.

6.3.7 Saltworks Inc.

6.3.8 Infosa

6.3.9 Cornish Sea Salt

6.3.10 ITC Ltd.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/9ze7jn

View source version on businesswire.com:https://www.businesswire.com/news/home/20190523005356/en/

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Related Topics:Spices and Seasonings

KEYWORD:

INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 05/23/2019 07:48 AM/DISC: 05/23/2019 07:48 AM

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