The global salts and flavored salts market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the globalization and the significant influence of westernization on Asia Pacific-based countries.
Flavored salts come in a variety of tastes, including butter, garlic, and onion. They are used to enhance the flavor of a variety of cuisine across the world. Flavored salts are used to improve the food and beverage items’ texture and taste. Flavored salts also have a higher mineral content and better solubility than common salt.
Flavored salts are frequently used with other herbs and spices to improve the color and look of a range of food recipes. Flavored salts are also employed in the preservation of canned foods in order to keep them fresh for a prolonged time.
Market Trends, Drivers, Restraints and Opportunities
- Growing awareness about the advantages of flavored salts over regular salt is one of the driving factors of the market growth.
- Rising penetration of flavored salts in Asia Pacific can spur the market growth
- High cost of manufacture of flavored salt is projected to be hamper the market's future expansion
- Increasing consumer awareness of health problems has resulted in a preference for organic foods and products, which is expected to increase opportunities for industry players in the market expansion.
Scope of the Report
The report on the global salts and flavored salts 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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Salts and Flavored Salts Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Seasoned Salt, Table Salt, Flavored Salt [Truffle Salt & Garlic Salt], Lime & Lemon Salt, Smoked Salt, Jalapeno Salt and Others), Distribution Channels (Supermarkets/Hypermarkets, Convenience Stores, Departmental Stores 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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Tata Chemicals Ltd.,; McCormick & Company Inc.; K+S Aktiengesellschaft; United Salt Corporation; and Saltworks Inc.
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Salts and Flavored Salts Market Segment Insights
Seasoned salt segment is expected to grow at a rapid pace
Based on types, the market is divided into seasoned salt, table salt, flavored salt, lime & lemon salt, smoked salt, jalapeno salt, and others. The flavored segment is further classified as truffle salt and garlic salt. The seasoned salt segment is expected to grow at a rapid pace during the forecast period. Rapid growing meat industry is positively influencing the segment growth.
Convenience stores segment is projected to expand at a considerable CAGR
On the basis of distribution channels, the market is segregated into supermarkets/hypermarkets, convenience stores, departmental stores, and others. The convenience stores segment is projected to expand at a considerable CAGR during the forecast period due to expanding commercialization of the ready-to-eat food products.
Asia pacific is anticipated to constitute a key market share
In terms of regions, the global salts and flavored salts market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period. China Salt Industry Group Co., Ltd. accounted for a major market share in the country’s edible salt market. With more than 17 million metric tons of different salt products produced in 2017, China is second-largest salt industry in Asia Pacific. Moreover, The Japanese Salt Production Center is a public corporation that conducts salt research and provides home cooking salt with a sodium level of more than 98% throughout the country.
Segments
Segments Covered in the Report
The global salts and flavored salts market have been segmented on the basis of
Types
- Seasoned Salt
- Table Salt
- Flavoured Salt
- Lime
- Lemon Salt
- Smoked Salt
- Jalapeno Salt
- Others
Distribution Channels
- Supermarkets/Hypermarkets
- Convenience Stores
- Departmental Stores
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global salts and flavored salts market are Tata Chemicals Ltd.,; McCormick & Company Inc.; K+S Aktiengesellschaft; United Salt Corporation; and Saltworks Inc.
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