Press release
Global Gourmet Salts Market to be Driven by the Changing Consumer Taste Preferences in the Forecast Period of 2022-2027
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators and analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 6.40%
The global market for gourmet salts is being driven by the rising demand for deliciously unique sea salts in the food service sector. The growing awareness regarding the health benefits of gourmet salts is resulting in their increased consumption. Moreover, the expansion of restaurant chains is also expected to drive the demand for gourmet salts due to their premium taste and qualities.
This is further supported by the growing disposable incomes, increasing demand for fine foods with exotic flavours, and improved living standards. Moreover, the demand for innovative flavours is also expected to promote the use of a variety of gourmet salts in the forecast period.
Industry Definition and Major Segments
Gourmet salts refer to speciality salts that are naturally harvested and known to comprise high mineral content. These salts vary in flake sizes and textures and provide new variety of flavours, and colour. These salts find increased use in cooking and food preservation activities.
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The global market for gourmet salts, on the basis of type, can be segmented into:
• Himalayan Salt
• Flakey Salt
• Sel Gris or Grey Salt
• Speciality Salts
• Others
Based on application, the market can be segregated into:
• Bakery and Confectionery
• Meat and Poultry
• Sea Food
• Sauces and Savoury
• Others
On the basis of distribution channel, the market can be categorised into:
• Supermarkets and Hypermarkets
• Convenience Stores
• Online
• Others
The regional markets for gourmet salts include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The key trends in the gourmet salts market include the development of the gourmet food market and the globalisation of taste. The improved living standards are leading to changing consumer preferences for specialised salts. Benefits of gourmet salts such as improved flavour profile, enhanced texture, and diverse applications are expected to enhance their utilisation in the food service sector. Moreover, the rising investments to enhance the production and packaging of gourmet salts are likely to favour the market growth in the coming years. Additionally, the growing availability of a variety of gourmet salts across online channels is expected to supplement the market growth in the forecast period.
Key Market Players
The major players in the market are Cargill Inc., Pyramid Salt Pty. Ltd., Maldon Crystal Salt Company Ltd., Saltworks Inc., Infosa, and Cheetham Salt Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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