Gourmet Salt Market Outlook 2031
The global gourmet salt market size was USD 1.70 Billion in 2022 and is anticipated to reach USD 2.46 Billion by 2031 expand at a considerable CAGR 4.2% during the forecast period, 2023–2031. The growth of the market is attributed to the high usage as preservatives to increase the shelf life, changing lifestyle of people, rapid urbanization, and maintains the moisture of the foods & products. Rising health awareness and decreasing health disorders is projected to boost the market growth.
Gourmet salts are the naturally harvested and unrefined salts that has comparatively lesser content of sodium as well as it does not contain any type of additives in it. These salts add dressing and exotic flavors to foods. It is majorly used for cooking to make food attractive and tasty. It is used to keep the food for longer period of time to preserve the food so that it does not get rotten.
Gourmet salts are used mainly in upscale culinary applications and are expensive as it is rare and it has different colors, flavors, and appeal that provide great value to the food or dish. Gourmet salts are largely produced in the Mediterranean and various warm climates. It is mined from the natural water pools with the help of various process to give manufacture different types of gourmet salts.
Gourmet Salt Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for high quality premium foods is expected to propel the market growth during the forecast period.
- Rapid growth of the food & beverages industry is main factors pushing the market expansion.
- High price of products of gourmet salt is estimated to restrict the market growth in the coming years.
- Gourmet salts reduces the aroma for a long time acts as major challenges that can impede the market expansion.
- R&D investment and technological advancement in gourmet salts are projected to offer significant opportunities for the market players.
Scope of The Gourmet Salt Market Report
The report on the global gourmet salt market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Gourmet Salt Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Flakey Salt, Fleur De Sel, Himalayan Salt, Specialty Salt, Sel Gris, and Others), Applications (Bakery, Sea Food, Confectionery, Meat & Poultry, Sauces & Savories, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Infosa; Alaska Pure Sea Salt Co.; Morton Salt, Inc.; Pyramid Salt Ltd.; Amagansett Sea Salt Co.; Murray River Gourmet Salt; Cargill, Inc.; Cheetham Salt Ltd.; Maldon Crystal Salt Co.; and Saltworks, Inc.
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Gourmet Salt Market Segment Insights:
Sel gris segment is projected to account for a large market share
Based on types, the global gourmet salt market is divided into flakey salt, fleur de sel, himalayan salt, specialty salt, sel gris, and others. The sel gris segment is expected to constitute a key share of the market during the forecast period owing to high usage as it has calming effect on central nervous systems and it also promotes a restful sleep pattern.
However, the fleur de sel segment is anticipated to expand at a rapid pace during the forecast period due to increasing demand owing to its wide application in vegetable meals, roasted meals, and salads. It has various properties such as huge mineral content, wetness, unique flavor, and improved solubility.
Bakery segment is projected to hold a key market share
On the basis of applications, the market is segmented into bakery, sea food, confectionery, meat & poultry, sauces & savories, and others. The bakery segment is expected to represent a key share of the market in the coming years due to increasing demand from bakery as it is highly used in bakery items for flavoring chocolates, breads, and caramels.
On the other hand, the sauces & savories segment is anticipated to expand at a rapid pace during the forecast period owing to shifting consumption pattern of foods, rising demand for tasty products, and growth in the standard of living.
Asia Pacific is expected to dominate the market
On the basis of regions, the global gourmet salt market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of REGION) is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to rising meat consumption, increasing population, and growing demand for packed & preserved foods.
However, the market of North America is expected to exhibit a rapid growth rate in the coming years due to rising inclination for taste, health consciousness among people, and changing lifestyle.
Segments
The global gourmet salt market has been segmented on the basis of
Types
- Flakey Salt
- Fleur De Sel
- Himalayan Salt
- Specialty Salt
- Sel Gris
- Others
Applications
- Bakery
- Sea Food
- Confectionery
- Meat & Poultry
- Sauces & Savories
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Infosa
- Alaska Pure Sea Salt Co.
- Morton Salt, Inc.
- Pyramid Salt Ltd.
- Amagansett Sea Salt Co.
- Murray River Gourmet Salt
- Cargill, Inc.
- Cheetham Salt Ltd.
- Maldon Crystal Salt Co.
- Saltworks, Inc.
Competitive Landscape
Key players competing in the global gourmet salt market include Infosa; Alaska Pure Sea Salt Co.; Morton Salt, Inc.; Pyramid Salt Ltd.; Amagansett Sea Salt Co.; Murray River Gourmet Salt; Cargill, Inc.; Cheetham Salt Ltd.; Maldon Crystal Salt Co.; and Saltworks, Inc. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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