The gourmet salt market is estimated to secure a valuation of US$ 1.4 Billion in 2023 and is estimated to rise to US$ 2.8 Billion by 2033. The market is anticipated to grow at a CAGR of 7.2% during the forecast period. The factors accelerating the demand for gourmet salt are as follows-
Increasing consumer interest in natural and healthy food products, gourmet salt is the healthier alternative to regular table salt due to its higher mineral content & lower sodium levels, as a result, the demand for gourmet salt is increasing. Also, the increasing demand for high-quality, premium food products and the growing popularity of gourmet cooking & food shows are driving the gourmet salt market.
Nowadays consumers are becoming more, knowledgeable about the different types of salt available in the market and are ready to pay more for gourmet salt as it offers unique flavor & health benefits. The increased application of gourmet salts in meat & poultry, seafood, and sauces & savory are expected to boost the market growth during the forecast period.
North America accounts for the highest share of the gourmet salt market due to the presence of a cluster of multinational & local gourmet salt manufacturers. Also, the increased demand for exotic natural flavors is likely to boost the gourmet salt market in the region.
Europe accounts for the largest share of the gourmet salt market owing to the increased consumer awareness and increased consumption of gourmet salt like Himalayan salt.
Asia Pacific gourmet salt market is projected to grow in near future owing to the rapid development in the food processing industry and increased urbanization & changing lifestyle of consumers.
The leading manufacturer operating in the gourmet salt market are Cargill, Incorporated, Salt Works Inc, Amagansett Sea Salt Co., Murray River Gourmet Salt, Morton Salt, Alaska Pure Sea Salt Co., Maldon Sea Salt Company Limited, Saltopia Artisan Infused Sea Salt, Sea Salt Superstore LLC, The Savory Pantry, Evolution Salt Co, INFOSA, Salty Wahine Gourmet Hawaiin Sea Salt LLC, and The Midow among others.
The market players in the market are using advanced technology for gourmet salt production, and also adopting some of the key strategies such as merger acquisition, and partnership.
For instance, Salty Wahine introduced Guava Garlic Salt, it is a gourmet garlic salt infused with guava. Guava is a natural tenderizer and can be sprinkled on steak, chicken, pork chops, and vegetables.
The gourmet salt market is expected to grow in the coming years. The increase in the health-conscious population worldwide and widespread consumption of processed food are expected to drive market growth during the forecast period.
Also, the wide availability of gourmet salt in different distribution channels like supermarkets/hypermarkets, groceries, specialty stores, and other retailing formats increases the sales of the market. The start-ups operating in the gourmet salt market are coming up with very innovative product launches.
For instance, founded in 2010- Salts Worldwide is a brand of salt that offers products such as pink Himalayan salt, fleur de sel, and black truffle sea salt and the products are unrefined and kosher.
| Data Point | Key statistics |
|---|---|
| Expected Market value in 2023 | US$ 1.4 Billion |
| Projected Market Value in 2033 | US$ 2.8 Billion |
| Growth Rate (2023 to 2033) | CAGR of 7.2% |
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According to the latest study, the market for Gourmet salt is expected to rise at a CAGR of 7.2% in the forecasted years. Gourmet salt is hand-harvested, unrefined sea salts that give dishes a rich texture.
Global demand is predicted to expand rapidly in the coming years because of its beneficial features, which include improving food taste, colour, distinct flavour, enriching food appearance, and a pleasant aroma.
Additionally, its capacity to offer a tropical natural taste to food items, as well as its low salt level, will keep demand high. Furthermore, the gourmet salt market's high application in meat processing and as a preservative agent will continue to boost its expansion over the projection period.
Given the global demand and appreciation for gourmet cuisine, the foodservice industry in developed countries such as the US has quickly adjusted to meet the demand. Gourmet salt demand is influenced by the fact that gourmet is a market term for high-quality premium items in the United States.
Furthermore, the strong influence of westernization in emerging countries is the rising demand for foreign cuisine, such as French and Italian cuisine, which entail speciality salts as an important ingredient.
Gourmet flavoured salts created from all-natural components are likewise becoming more popular. Gourmet salts are becoming increasingly important elements in all types of cuisines, particularly in high-end restaurants, because each variety of gourmet salt serves a unique purpose and imparts a distinct flavour and texture to the food.
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Gourmet salt, which falls into the category of top quality salts, necessitates extremely precise processing.
Major companies in the market are focusing on the implementation of sophisticated technologies for salt manufacturing to meet the growing demand for high-quality food-grade salts and other gourmet salts. As a result, manufacturers can produce high-quality gourmet salts.
Furthermore, producers are following the trend of silent product proportioning by selling gourmet salt in an appealing packaging. This would assist gourmet salt manufacturers to market their products in the premium segment and attract more customers around the world.
Gourmet salt is produced by a large number of global and local companies in the USA. Because of changing consumer preferences and severe food laws in the region, particularly in the United States, North America is likely to be the fastest expanding market over the projection period.
Furthermore, the gourmet salt market is reaching new heights with the increasing availability of a wide range of flavours, crystals, and colours in the region.
The healing powers of pink Himalayan gourmet salt, or the salty aftertaste of Grey Atlantic salt, are providing customers with a pleasantly unique palate and driving the gourmet salt business in the USA and Canada.
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The gourmet salts market is predicted to increase significantly in Europe, with Europe accounting for a significant share of the market.
Furthermore, the current substantial section of the health-conscious population, widespread consumption of processed foods, and increased demand for healthy food items are all factors contributing to market growth in Europe.
Some key manufacturers and suppliers operating the business in the gourmet salt market globally include
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.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Product Type 6.2. Application 6.3. Distribution Channel 7. Global Market Analysis and Forecast, By Product Type 7.1. Coarse Salt 7.2. Flake Salt 7.3. Fleur de Sel 7.4. Indian Black Salt 7.5. Italian Sea Salt 7.6. Sel Griss Sea Salt 7.7. Smoked Sea Salt 7.8. Others 8. Global Market Analysis and Forecast, By Application 8.1. Bakery & Confectionery 8.2. Meat & Poultry 8.3. Seafood 8.4. Sauces & Savory 8.5. Desserts & Frozen Food 8.6. Others 9. Global Market Analysis and Forecast, By Distribution Channel 9.1. B2B (Direct Sales) 9.2. B2C (Indirect Sales) 9.3. Store-based Retailing 9.4. Supermarket/Hypermarket 9.5. Convenience Stores 9.6. Groceries 9.7. Specialty Stores 9.8. Other Retailing Formats 9.9. Online Retailing 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. Asia Pacific 10.6. Japan 10.7. Middle East and Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 16. Japan Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Product Type, Application, and Distribution Channel for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Cargill, Incorporated 20.2. SaltWorks Inc. 20.3. Amagansett Sea Salt Co. 20.4. Murray River 20.5. Morton Salt Inc. 20.6. Alaska Pure Sea Salt Co. 20.7. Maldon Crystal Salt Company Limited 20.8. Saltopia Artisan Infused Sea Salts 20.9. Südwestdeutsche Salzwerke AG 20.10. SeaSalt Superstore LLC 20.11. The Savory Pantry 20.12. Evolution Salt Co. 20.13. INFOSA 20.14. Salty Wahine Gourmet Hawaiian Sea Salts LLC 20.15. The Meadow (Bitterman and Sons, Inc.)
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Gourmet Salt Market
