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Global Gourmet Salt Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Type (Fleur De Sel, Sel Gris, Himalayan Salt, Flake Salt and Specialty Salt), Application (Bakery & Confectionery, Meat & Poultry Products, Seafood Products, Sauces & Savory) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Industry Analysis (2024 to 2029)

Published: March, 2023
ID: 974
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Gourmet Salt Market Size (2024 to 2029)

The global gourmet salt market size was worth USD 8.5 billion in 2023 and the global market size is expected to grow at a CAGR of 6.3% from 2024 to 2029 and be worth USD 12.26 billion by 2029 from USD 9.04 billion in 2024. The rapid urbanization of emerging economies and the changing lifestyle of consumers have increased the call for gourmet salt.

Gourmet salt is a naturally harvested raw sea salt (primarily sea salt) that adds flavor and dressing to food. It also gives food an almost exotic flavor and moisture. It is a high-quality salt commonly used in cooking to improve the taste and attractiveness of food. Gourmet salt has a high mineral content and better solubility. It can be added to different types of spices and herbs to improve the aroma and color of the fragrance. Gourmet salt is not refined, but it is harvested naturally with relatively low sodium content and without additives. As exposure to global media and international trade rises, the awareness for a variety of dishes among consumers has risen. By using gourmet salt, chefs enhance their recipes by improvising and enhancing their sensual sensations, increasing their appeal. Gourmet salt is used in a variety of applications including seafood, bakery, confectionery, flavoring, and poultry. It is used to preserve canned foods to extend shelf life. 'Fleur de sel' is one of the most popular gourmet salts used in a variety of foods, such as grilled meat, vegetable dishes, and salads. Gourmet salt is also used to keep food longer to preserve canned food.

Global Gourmet Salt Market Drivers:

Growing demand in the food and beverage and food service industries is expected to lead the global gourmet salt market during the forecast period. They are unrefined sea salt that is harvested by hand and gives food a rich texture. Due to positive characteristics such as food flavor, color, unique taste, rich food shape and pleasant aroma, worldwide demand is supposed to show high growth in the coming years. They are widely used in canning and canned food applications as preservatives to increase shelf life. At the same time, it helps maintain the moisture content of the product. This use is expected to fuel the growth of the global gastronomic salt industry in the near future.

The rising health awareness and the onset of health disorders due to high levels of sodium in the body are assumed to spur market growth. Live cooking shows and other gourmet foods encourage the use of gourmet salt. The industry continues to seek innovative product launches and the adoption of new strategies to increase market profits.

Gourmet salt is also applied to dressings and condiments. International culture has created a demand for traditional cuisine in large cities, and as a result, the application of gourmet salt has increased. This is due to the special flavor that allows you to mix traditional flavors and flavors in your food. This salt also gained popularity among professional chefs in luxury hotels. Gourmet salt also has a high-yield margin for retailers due to its readily available and cost-effective mobile doorbell and acts as a market driver. As the number of gourmet restaurants has increased over the past five years worldwide, it is having a positive impact on the gourmet salt market. The growing wave of Westernization and the increasing popularity of natural or organic foods are key factors driving the gourmet market worldwide. As consumer tastes for specialty and artisanal foods develop, the increasing willingness of consumers to spend high prices on gourmet foods favors the growth of the global market. Emerging gourmet restaurants around the world are expected to become a key opportunity for global market growth. The growth of cooking and food programs is also presumed to set growth prospects for the near future.

Global Gourmet Salt Market Restraints:

Gourmet salt is seldom expensive and market availability is limited, limiting the market growth. Compared to other sea salts, infusion, smoked, and fresh natural products are expected to reduce the shelf life of gourmet salt, limiting the growth of the gourmet salt market during the outlook period. Since these salts have a delicate flavor, they are expected to retain their aroma for a long time, thus inhibiting the growth of the gourmet salt business. Machinery and labor costs are also expected to hamper the expansion of the global gourmet salt market. Furthermore, a lack of awareness about the health benefits of gourmet salt in developing countries is estimated to hamper market growth during the projection period. Additionally, due to the high price, manufacturers are opting for the growth of the gourmet salt market by choosing existing salts that are expected to affect the demand for gourmet salt.

Impact of COVID-19 on the global gourmet salt market:

The COVID-19 pandemic has affected almost all the markets across the world due to the travel restrictions, closing of stores and shutting down of small businesses permanently. The major demand for gourmet salts was based on the bakery and confectionary businesses which consisted of a major part of small businesses. Unfortunately, due to the lockdown impositions in many countries, small businesses have closed to cut their losses. Moreover, people across many countries have become more conscious about their dietary intake and have decided to opt for vegetarianism due to the ill impact of meat that caused the pandemic. This has led to a decreased consumption of meat and poultry products especially in the Asia Pacific region. Since meat and poultry were also a major contributor to the gourmet salts market, this factor also led to a major blow in the demand for gourmet salts. Additionally, the lockdown impositions led to temporary or major shutdown of fine dining restaurants especially in Europe since the pandemic affected countries like France and Italy majorly. Since the food industry suffered a blow, its direct impacts can be seen in the gourmet salts market as well.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

6.3%

Segments Covered

By Type, Application and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Morton Salt, Inc, Saltworks, Inc, Murray River Gourmet Salt, Infosa, Alaska Pure, Cheetham Salt Ltd, Cargill Inc, Pyramid Salt Pty. Ltd, Maldon Crystal Salt Co, Amagansett Sea Salt Co and Others.

 

This research report on the global gourmet salt market has been segmented and sub-segmented based on type, application and region.

Global Gourmet Salt Market - By Type:

  • Fleur de Sel
  • Sel Gris
  • Himalayan Salt
  • Flake Salt
  • Specialty Salt

Global Gourmet Salt Market - By Application:

  • Bakery & Confectionery
  • Meat & Poultry Products
  • Seafood Products
  • Sauces & Savory

Global Gourmet Salt Market – By Region:

  • North America
    • The United States
    • Canada
    • Rest of North America
  • Europe
    • The United Kingdom
    • Spain
    • Germany
    • Italy
    • France
    • Rest of Europe
  • The Asia Pacific
    • India
    • Japan
    • China
    • Australia
    • Singapore
    • Malaysia
    • South Korea
    • New Zealand
    • Southeast Asia
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of LATAM
  • The Middle East and Africa
    • Saudi Arabia
    • UAE
    • Lebanon
    • Jordan
    • Cyprus

Europe was the largest consumer and manufacturer of products due to the demand for processed foods in European countries, including Germany, France, Spain and Italy. Western Europe is considered as the most abundant and fastest-growing market for gourmet salt. It is the largest producer and consumer of gourmet salt. The high demand for processed foods is driving the market mainly in countries such as Italy, Germany, Spain and France. North America is anticipated to witness growth in the near future due to the preferences of American consumers and strict regulatory changes in food. Key factors driving the market in the Asia Pacific region include better living standards, health-conscious behavior, emerging economies, and the food and beverage industry. Asia-Pacific is foreseen to grow significantly in the coming years due to emerging economies, rising living standards, an increase in demand for processed foods, and advances in the food and beverage industry, driven by health-conscious behavior.

KEY MARKET PLAYERS:

Companies playing a major role in the global gourmet salt market include Morton Salt, Inc., Saltworks, Inc., Murray River Gourmet Salt, Infosa, Alaska Pure, Cheetham Salt Ltd., Cargill Inc., Pyramid Salt Pty. Ltd., Maldon Crystal Salt Co. and Amagansett Sea Salt Co.

RECENT HAPPENINGS IN THE MARKET:

  • California Burbank launched a new product called Double Salt Grinder and Pepper Mill to crush coarse salt to obtain the desired particle size.
  • May 2019 424 N.T. Salt announced that it would fire untreated salt into the Black Sea. Salt is rich in calcium and magnesium. Due to the low humidity of the Dead Sea, it is tasty, versatile and tasty.
  • Cargill Inc. recently started using a salt alternative for their soup and bread-based processed foods.
  • True salt recently extended its product sale to other sea salts like cocktail Salts and Flake salts for commercial use.
  • South Korea based company Phyto Corporation Inc. recently launched a range of plant based salts made from the plant Salicornia which is an underwater plant.

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FAQ's

What can be the size of the global Gourmet Salt market by 2029?

By 2029, it is predicted that the global Gourmet Salt market will reach a valuation of USD 12.26 bn.

What can be the compound annual growth rate of the global Gourmet Salt market?

The global Gourmet Salt market can expand with a CAGR of 6.3% during the forecast period.

Mention the major key players in the global Gourmet Salt market?

Morton Salt, Inc, Saltworks, Inc, Murray River Gourmet Salt, Infosa, Alaska Pure, Cheetham Salt Ltd, Cargill Inc, Pyramid Salt Pty. Ltd and Others.

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