The gourmet salts market worldwide is predicted to increase at a CAGR of 7.5% over the course of the projected period. It is projected to increase in value from US$ 2354.6 Million in 2023 to US$ 502.6 million Million by 2033.
Gourmet salts are superior, unprocessed, naturally sourced salts with low sodium concentration. This salt is used in cooking to enhance the flavour and look of food. Gourmet salt is an alternative ingredient that enhances food’s flavour and consistency. Gourmet salts usually change the colour and flavour of food when they are combined with other ingredients like seasoning, spices, and herbs. Gourmet salts are recommended over ordinary table salt due to their superior solubility and rich mineral content.
Press Release: Gourmet Salts Market Set to Flourish with a Projected 7.5% CAGR Worldwide
In the rapidly evolving culinary landscape, the global gourmet salts market is poised for substantial growth, forecasted to surge at a CAGR of 7.5% from 2023 to 2033. The market’s value is anticipated to elevate from US$ 2,354.6 Million in 2023 to an impressive US$ 502.6 Million by 2033.
Key Takeaways:
- Nature’s Finest Flavors: Gourmet salts, recognized for their superior, unprocessed, and naturally sourced characteristics, boast a low sodium concentration. These salts, renowned for enhancing the flavor and appearance of dishes, present a tantalizing alternative to ordinary table salt.
- Versatile Applications: Gourmet salts find applications across various end-user sectors, including bakery, confectionery, savory, poultry, and seafood. Their usage extends to the preservation of canned food items, contributing to an extended shelf life.
- Global Culinary Influence: The United States’ food industry has embraced gourmet salts, driven by the demand for elevated cuisine. The globalization trend, particularly in emerging countries like Italy and France, further propels the market. The rising demand for gourmet flavored salts, crafted from natural ingredients, is a significant driver.
- Health and Wellness Drive Demand: Increasing consumer awareness regarding the health benefits of natural products fuels the growth of the gourmet salts industry. As natural products, gourmet salts align with the global trend towards healthier, high-quality food consumption.
- Challenges: Factors such as a lack of consumer awareness and the premium pricing of gourmet salt products pose challenges to the industry’s growth.
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Key Points:
- Region-wise Analysis: Europe is anticipated to lead the global gourmet salts market in terms of total revenue, with North America expected to be the fastest-growing region. The rising disposable income of consumers in developed countries influences buying patterns.
- Competitive Landscape: Key players in the gourmet salts market include Cargill, Alaska Pure Sea Salt Co., Amagansett Sea Salt Co., Kalahari Pristine Salt Worx, and Morton Salt, among others.
- Segmentation: The market is segmented by type, including Sel Gris, Flakey Salt, Himalayan Salt, Fleur de Sel, and Specialty Salt. Applications encompass bakery & confectionery, meat & poultry, seafood, and savories & sauces.
Gourmet salts are also used in a variety of end-user sectors such as bakery, confectionery, savory, poultry and seafood. They are used in the preservation of food items especially the canned food items in order to extend the shelf life. One of the most widely used gourmet self is Fleur de sel and its used in a variety of food products such as vegetable dishes, roasted meat, salads and others. The gourmet salts market is expected to grow exponentially during the forecast period owing to the rise in demand for high quality food items. Besides, increasing application in several end user sectors is another major factor fostering the growth of the industry over the forecast period.
Gourmet Salts Market Growth Driven by Increasing Demand from Food Industry
The United States food industry has adopted gourmet salts after considering the demand for gourmet cuisine. This is because of the high quality of gourmet salts in the State, and this is, in turn, influencing the rising demand for gourmet salts. Furthermore, globalization is another strong force influencing the growth of the global gourmet salts market because of the westernization in emerging countries like Italy and French restaurants. Besides, the market for gourmet flavored salts, which is made from natural ingredients, is also on the rise. Consumers’ rising demand for gourmet salts is a strong force slated to create a surge in demand for gourmet salts from the food industry. And this is expected to trigger the growth of the global gourmet salt market during the forecast period and aftermath.
Increasing Awareness Regarding Health Benefits of Natural Products
Natural food products have many health benefits associated with their consumption. They are sources of therapeutic agents that are very important in the production of drugs needed for the treatment of diseases. Since gourmet salts are natural products, the global gourmet salts industry is expected to grow significantly over the forecast period.
Gourmet Salts Market Restraints
Major factors such as lack of awareness among consumers and the hike in price of gourmet salts products are slated to hamper the growth of the global gourmet salts industry over the forecast period.
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Gourmet Salts Market: Region-wise Analysis
Europe is expected to be the largest market for the global gourmet salts industry in terms of total market revenue. Other regions such as North America, the Asia Pacific, Middle East, and Africa are subsequently slated to witness significant growth over the forecast period. However, North America is anticipated to be the fastest-growing region due to the rising disposable income of consumers in developed countries like Canada and the United States, which will influence the buying pattern of gourmet salts products.
Gourmet Salts Market: Competitive Landscape
Cargill, Alaska Pure
Sea Salt Co.
Amagansett Sea Salt Co.
Kalahari Pristine Salt Worx,
Morton Salt amongst others.
Region-wise Analysis
North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
Report Highlights
The research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. Research report provides analysis and information by categories such as market segments, geographies, types, technology and applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies
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Global Gourmet Salts Market Segment Analysis
The global gourmet salts industry can be segmented on the following basis:
Key Segments Profiled in the Gourmet Salts Market Survey
By Type:
- Sel Gris
- Flakey Salt
- Himalayan Salt
- Fleur de Sel
- Specialty Salt
By Application:
- Application
- Bakery & Confectionary
- Meat & Poultry
- Seafood
- Savouries & Sauces
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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