A CAGR of 7.5% is expected for the global gourmet salts market due to the growing demand during the forecast period. It is anticipated to be appraised at USD 502.6 million by 2033, up from USD 2354.6 million in 2023.
There has been a mounting exigency of traditional cuisines, influencing the opening of several gourmet restaurants. This is likely to raise the demand for gourmet salts, especially among professional chefs in luxury hotels. However, the high machinery and labor costs to harvest, process, and package gourmet salts are expected to hinder market growth.
On the other hand, the increasing awareness about the benefits of natural products and the strong influence of Western culture, which demands Italian, French, etc. cuisines, are likely to create lucrative opportunities for manufacturers in the market.
| Report Attribute | Details |
|---|---|
| Gourmet Salts Market Value (2023) | USD 2354.6 million |
| Gourmet Salts Market Anticipated Value (2033) | USD 502.6 million |
| Gourmet Salts Projected Growth Rate (2023 to 2033) | 7.5% |
The introduction of clean-label specialty ingredients for various food applications is expected to foster the gourmet salts market growth. Recently, gourmet salts specifically curated for pizza toppings, lasagne, meat sauces, salad dressings, etc. were launched by certain key players, which is expected to assist scientists in enabling clean labeling without added MSG and develop reduced-sodium recipes containing only natural ingredients.
Quick-service restaurants had a decline of 16.9% in 2021 due to the global crisis, as stated according to the United States Department of Agriculture (USDA). Therefore, this is increasing the demand for gourmet salts as they are considered one of the healthiest salts and are predicted to reduce several diseases.
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Exotic food products are becoming extremely popular, and the rising global disposable income of people is encouraging people to spend on such gourmet cuisines, owing to western influence. Additionally, cooking shows are increasingly favored by people worldwide, which is expected to promote brands that manufacture gourmet salts.
Gourmet salts are extensively used for pickling and canning purposes. This increases the shelf life of food products, aiding with the fermentation of certain items. Moreover, these salts work well to uphold moisture, and manufacturers are likely to use this as an opportunity to develop household products that are hygroscopic.
Manufacturers are offering attractive and creative packaging by adopting the ongoing trend of silent product proportioning. This is likely to aid gourmet salts manufacturers in placing their products in the premium segment. Furthermore, the adoption of gourmet salts is expected to grow owing to their high solubility and mineral content which make them ideal for improving the texture and flavor of food.
Gourmet salts have a lower shelf-life, as they are infused and smoked, compared to other salts and seasonings. Moreover, flavor retention for long durations can be a nuisance regarding gourmet salts, as they have a delicate flavor. These factors are expected to restrain the global gourmet salts market growth.
Conversely, there has been a growing demand for smoked sea salts, produced by the natural smoking method that uses real wood fires to infuse the salt crystals with natural smoke. Moreover, manufacturers are prudently focusing on introducing attractive packaging for gourmet salts to captivate consumers. These factors are anticipated to produce creative scopes for future market growth.
With a significant revenue of 39.1%, Europe holds the largest share of the gourmet salts market. This is attributed to consumers upgrading from table salt due to growing awareness of the health benefits of gourmet salts since they contain less sodium than table salts.
45% of death in this region is due to cardiovascular diseases, as stated according to European Cardiovascular Disease Statistics. Hence, consumers are shifting their preferences toward daily gourmet salt consumption as it helps reduce heart diseases.
Furthermore, this region has witnessed increasing popularity for sophisticated fine dining. In addition, meat, seafood, and poultry processing are increasing applications for gourmet salt. These factors are estimated to increase this region's demand for gourmet salts.
Regular table salts and refined iodized salts have extremely high amounts of sodium, which can harm health. It causes weight gain, high cholesterol, and heart illnesses. Hence, the sales of gourmet salts are skyrocketing. They have low sodium content and a more eclectic flavor, making them ideal for making food inspired by western cuisines.
Start-up companies are focusing on harvesting gourmet salts and promoting their benefits to people from developing regions to reduce sodium-related diseases.
For instance:
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The gourmet salts market share is likely to expand owing to high precision in manufacturing and advanced technologies for gourmet salt production, in order to produce premium quality salt. Major players are adopting key strategies such as mergers and acquisitions, as it provides these players to take over small and local players to increase the intensity of gourmet salt production.
Latest developments in the gourmet salts market are:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.5% from 2023 to 2033 |
| Base year for estimation | 2022 |
| Historical data | 2018 to 2022 |
| Forecast period | 2023 to 2033 |
| Quantitative units | Revenue in USD million, volume in kilotons, and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments covered | Type, Application, Region. |
| Regional scope | North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia |
| Country scope | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa |
| Key companies profiled | Cargill Inc.; Alaska Pure Sea Salt Co.; Amagansett Sea Salt Co.; Kalahari Pristine Salt Worx; Morton Salt Inc.; Cheetham Salt; Pyramid Salt; Saltworks Inc.; Maldon Crystal Salt Co., etc. |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
Attractive packaging creates opportunities.
Clean-label specialty ingredients drive growth.
High machinery and labor costs hinder growth.
Cargill Inc., Morton Salt Inc., Alaska Pure Sea Salt Co.
Europe holds a 39.1% share by 2033.
| Expected Market Value (2023) | USD 4,591 million |
|---|---|
| Anticipated Forecast Value (2033) | USD 7,621.9 million |
| Projected Growth Rate (2023 to 2033) | 5.2% |
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Gourmet Salts Market
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