Gourmet Salts Market Forecast 2018-2024 | Leading Players - Cargill, Murray River Organics, Morton Salt, INFOSA - Sea Salt, Alaska Pure Sea Salt Company, Amagansett Sea Salt Co.
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1. Amagansett Sea Salts
2. Alaska Pure Sea Salts
4. Cheetham Salts
6. Maldon Crystal Salts
7. Murray River Salts
8. Pyramid Salts
11. Devonshire Gourmet Sea Salts
12. Morton Salts
13. Marblehead Salts
14. Maine Sea Salts company
15. Irish Atlantic Sea Salts
High preservation and moisture retaining property has resulted in increasing applications in seafood & meat processing to improve the shelf-life. Global per capita fish consumption reached 20.5 kg per capita, with annual growth around 1% in 2016.
Potential outlook in culinary & preserving applications along with increasing adoption of gourmet food in luxury restaurants globally will propel the gourmet salts market size. Enhancing taste, flavor and aroma in foods are the key properties stimulating industry growth.
Increasing consumer health consciousness along with shifting preference for low sodium saline are the key factors driving the gourmet salts market growth. High product usage for curing in beauty centers & spas for personal care treatments enhanced the product demand. Rising health issues including hypertension, cardiovascular diseases, and high blood pressure will fuel the product penetration.
Sel gris market was over 10 kilo tons in 2016. Increasing product usage as a finishing and cooking product owing to its coarse texture will drive the industry growth. It is moist, unrefined and considered as the best quality salt among professional chefs.
Fleur de sel holds 35% of the overall gourmet salts market share. Strong outlook in roasted meats, vegetables dishes and salads will support the product demand. High magnesium chloride and calcium content makes it beneficial for human consumption. High moisture absorption enhancing flavors to the taste buds will drive the demand.
High availability of the gourmet salts variations including 84 distinct types of metal, elements and minerals enhanced the product demand. Expensive prices along with lack of product awareness are the major restraints of the gourmet salts market growth.
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Meat & poultry demand is anticipated to worth around USD 510 million by 2024. Changing lifestyle and improved preservation technology in processed meat, fish and poultry will fuel the product demand. Rising demand as preservative for canned meats, hams, roasts, meatballs, and fish, enhances the gourmet salts market growth.
Bakery & confectionary market will witness over 8.5% CAGR up to 2024. High product acceptance owing to its superior properties including enhanced food taste, distinct flavor, appearance, color, and aroma will drive the revenue growth.
The U.S. gourmet salts market was valued more than USD 217 million in 2016. Improved standard of living coupled with increasing commercialization in food industry though several promotions are the driving factors of the industry growth. Increasing consumer awareness about product benefits accompanied by expansion in food & beverage industry will propel the product demand.
Europe, led by UK and Germany gourmet salts market is the fastest growing region, estimated to value over USD 724 million by 2024. Rising demand for processed food particularly in Italy, Spain, Germany and France will drive the regional industry growth.
Asia Pacific gourmet salt market, dominated by China is expected to witness growth over 7.5% up to 2024. Growing health awareness, increasing disposable income along with surging demand for processed food will support the industry demand.
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