Gourmet Salts Market 2024 Companies Analysis - Amagansett Sea Salts, Alaska Pure Sea Salts, Cargill, Cheetham Salts, Infosa, Maldon Crystal Salts, Murray River Salts, Pyramid Salts, Saltsworks, Dominion, Devonshire Gourmet Sea Salts
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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
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.
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.
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.
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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