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Plant-based Waters Market 2024 Company Analysis - The Coca-Cola Company, PepsiCo, Harmless Harvest, Oviva, Steaz - The Healthy Beverage Company, CALIWATER Cactus Water, Happy Tree

Plant-Based Waters Market

Plant-Based Waters Market

Gourmet salt market has undoubtedly embarked on a profitable path over the recent past years, with restaurateurs and chefs seeking to unveil its culinary potential. There has been a paradigm shift in the business model of the hospitality sector, where consumers are not only interested in the taste factor, but also are equally concerned regarding the heath quotient of the ingredients. The gaining popularity of gourmet salt industry can be majorly grounded to this fundamental aspect. Gourmet salt are hand harvested, pertaining to which it contains less sodium and high mineral content. Undeniably, this unique blend of health and savour quotient adds an extra mark to their market value. As long as competitive landscape is concerned, investors are highly eager to capitalize the lucrative opportunities that gourmet salt market is likely to offer in the coming years.

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Company Profiles
1. The Coca-Cola Company
2. PepsiCo
3. Harmless Harvest
4. Oviva
5. Steaz - The Healthy Beverage Company
6. CALIWATER Cactus Water
7. Happy Tree
8. Sibberi Tree Water
9. Drink Simple
10. World Waters
11. ARTY Water Company
12. DrinkSEVA
13. All Market In

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.
Rising consumer spending on food & beverages due to changing lifestyle will drive the industry demand. Global food & beverage industry will surpass USD 9.5 trillion by 2024 growing at over 3.4%. Increasing product consumption in dressing and seasoning of foods will further support the product scope.
Global gourmet salt market enrolled its name into billion-dollar business fraternity in 2016, which itself is a testimony of the humongous contribution it has made in the food and beverage industry. In this regard, it is important to note that food and beverage has undergone a huge transition over the past decade, with regards to consumers’ food choices, escalating food commodity price trends, and above all the increased competition in the business space. However, all these changing trends have observed to act in favour of Gourmet salt market penetration. For instance, the upsurge of westernized food culture along with growing indulgence of the consumers toward exotic food items have substantially upscaled artisanal cuisines demand, which by extension has impelled gourmet salt industry share.
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.
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.
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.
Considering the regional aspect, Europe stands out as a forerunner in the global business space. With Germany and U.K. at the growth front, Europe gourmet salt market represented 35% of the global share in 2016. Escalating demand for nutritional food products along with growing geriatric population are the major two factors enhancing the regional market demand. Another profound belt actively partaking in Gourmet salt industry is Asia Pacific. APAC market has been remarkably swayed by the processed meat application. In fact, estimates depict that in the year 2015, Asia accounted for almost 65% of the global meat demand. Upsurge in meat consumption especially in China has substantially driven APAC gourmet salt market, with China alone accounting for USD 50 million in 2016. Speaking along the similar lines, overall meat and poultry processing application is estimated to surpass USD 500 million by 2024.
In comparison with conventional table salts, Gourmet salt are more expensive. This can be grounded on the fact that these salts are hand harvested from exotic sources. While this exactly cannot be considered a road block, it is certainly one of the major factors hampering gourmet salt market penetration. However, leading companies like Cargill, San Francisco Saltsworks, Amagansett, Maldon Crystal, Alaska, and Infosa are taking continuous effort to increase the production so that high price trends can be somewhat addressed. Though still at its infancy, the growth curve of Gourmet salt industry is forecast to experience an upswing in the coming years, with a target valuation of over USD 1.5 billion by 2024, claim estimates.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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