What’s the key drivers of Gourmet salt market growth? Amagansett Sea Salt Co., Cargill, Cheetham Salt Limited, INFOSA - Sea Salt, Morton Salt, Irish Atlantic Salt Ltd.

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.

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.

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Company Profiles:
1. Alaska Pure Sea Salt Company
2. Amagansett Sea Salt Co.
3. Cargill
4. Cheetham Salt Limited
5. INFOSA - Sea Salt
6. MALDON SALT COMPANY LIMITED
7. Murray River Salt
8. Pyramid Salts
9. SaltWorks, Inc.
10. Dominion
11. Devonshire Gourmet Salts
12. Morton Salt
13. Maldon Sea Salt
14. Marblehead Salt Co.
15. Maine Seasalt
16. Irish Atlantic Salt Ltd.

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.

Another disruptive trend that is impacting Gourmet salt industry dynamics to a large extent is the global trend of reducing sodium intake in food items prevalent over the recent years. Large number of initiatives have been undertaken worldwide to spread awareness regarding the health risks associated with high sodium consumption. In 2016, FDA has released a guidance for food manufacturers and restaurateurs to optimize salt utilization in food items.

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.

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Global gourmet salts market is competitive due to presence of regional industry players. High profit margins of the industry have encouraged manufacturers & vendors to expand production capacity and improve supply chain network.

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