Gourmet Salts Market is Projected to Witness a CAGR of 5.1% from 2018 to 2026

For reducing the sodium content in meat products, processors are probing for a replacement for sodium chloride that possesses similar functionality, without sacrificing the quality of the or sensory attributes. One idea that is being trailed up by food researchers is the employment of alternative gourmet salts. Alternative gourmet salts are not purified; consequently, they contain many trace elements, such as potassium, calcium, iron, zinc, magnesium, copper, and sodium. A recent study displayed similarities between the functionality of sodium chloride and potassium chloride with respect to their effects on muscle enzymes.

The urban population has recently become increasingly conscious about the products they are consuming, which has ultimately initiated the trend of consuming organic products. This factor has been crucial in restructuring the food and beverages industry. As salts form an integral part of a meal, it is available in abundance as it is processed synthetically in factories and in the course of time, the factory procedures have been taking away its originality. However, at present, the demand for gourmet salts is intensifying as they are sold and consumed in their natural form.

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Analyzing all the factors, the study published by Persistence Market Research (PMR) states that the global gourmet salts is projected to witness a CAGR of 5.1% from 2018 to 2026. In 2017, the market was worth US$ 2,477.8 Mn and is expected to rise to a valuation of US$ 3,786.5 Mn by the end of 2026.

Gourmet Salts to Form an Integral Part of Luxury Cuisine

Apart from the trend of consuming organic products gaining traction across the globe, the global, the global gourmet salts market is also attaining profits from dynamics such as burgeoning demand for traditional cuisines at luxury hotels. This has extensively triggered the demand for gourmet salts from five star hotels and restaurants. Additionally, there is a high profit margin for players who have been operating in the market for quite some time owing to the ease of packaging and transportation. This factor is also paving way for new players to venture into the market, thereby providing impetus to the market at the same time.

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High Processing Cost to Act Against the Market Growth

The manufacturing of gourmet salts involves high initial capital investment for processing, packaging, labeling, and marketing, which tends to ultimately increase the final product cost. As gourmet salts can be harvested only in a particular seasons and needs a long duration for the evaporation of moisture, the manufacturing process takes a longer time, it tends to increase the price of the final products ultimately. As a result, the production rate is also low of soalr evaporated gourmet salts. In case of mined gourmet salts, the machinery required and cost of labor, increases the price of the final product, thus challenging the consumption across the globe. As gourmet salts are natural and fresh products, their shelf life is also low, again acting against the consumption of it.

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