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Market for Gourmet Salts is Expected to Expand at US$ 480.06 Mn by 2032 | FMI

09-29-2022 03:25 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Gourmet Salts Market

Gourmet Salts Market

The market for gourmet salts worldwide is predicted to increase at a CAGR of 7.3% over the course of the projected period. It is projected to increase in value from US$ 237.3 Mn in 2022 to US$ 480.06 Mn by 2032.

Gourmet salts are unrefined, top quality salts obtained from a natural source with a low sodium content. This salt is used in cuisine to enhance taste of food and also make the food appealing. Gourmet salt is also used to enhance texture and flavor of food items. When gourmet salts are mixed with a variety of substances like herbs, spices and flavor, there is always a change in color and flavor of the food respectively. Properties such as high mineral content and high solubility are what gives gourmet salts edge over the normal table salt.

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Gourmet salts are also used in a variety of end-user sectors such as bakery, confectionery, savory, poultry and seafood. They are used in the preservation of food items especially the canned food items in order to extend the shelf life. One of the most widely used gourmet self is Fleur de sel and its used in a variety of food products such as vegetable dishes, roasted meat, salads and others. The gourmet salts market is expected to grow exponentially during the forecast period owing to the rise in demand for high quality food items. Besides, increasing application in several end user sectors is another major factor fostering the growth of the industry over the forecast period.

Gourmet Salts Market Growth Driven by Increasing Demand from Food Industry

The United States food industry has adopted gourmet salts after considering the demand for gourmet cuisine. This is because of the high quality of gourmet salts in the State, and this is, in turn, influencing the rising demand for gourmet salts. Furthermore, globalization is another strong force influencing the growth of the global gourmet salts market because of the westernization in emerging countries like Italy and French restaurants. Besides, the market for gourmet flavored salts, which is made from natural ingredients, is also on the rise. Consumers' rising demand for gourmet salts is a strong force slated to create a surge in demand for gourmet salts from the food industry. And this is expected to trigger the growth of the global gourmet salt market during the forecast period and aftermath.

Increasing Awareness Regarding Health Benefits of Natural Products

Natural food products have many health benefits associated with their consumption. They are sources of therapeutic agents that are very important in the production of drugs needed for the treatment of diseases. Since gourmet salts are natural products, the global gourmet salts market is expected to grow significantly over the forecast period.

Gourmet Salts Market Restraints

Major factors such as lack of awareness among consumers and the hike in price of gourmet salts products are slated to hamper the growth of the global gourmet salts market over the forecast period.

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Gourmet Salts Market: Region-wise Analysis

Europe is expected to be the largest market for the global gourmet salts market in terms of total market revenue. Other regions such as North America, the Asia Pacific, Middle East, and Africa are subsequently slated to witness significant growth over the forecast period. However, North America is anticipated to be the fastest-growing region due to the rising disposable income of consumers in developed countries like Canada and the United States, which will influence the buying pattern of gourmet salts products.

Gourmet Salts Market: Competitive Landscape

Cargill, Alaska Pure
Sea Salt Co.
Amagansett Sea Salt Co.
Kalahari Pristine Salt Worx,
Morton Salt amongst others.
Region-wise Analysis

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
Report Highlights

The research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. Research report provides analysis and information by categories such as market segments, geographies, types, technology and applications.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies

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Global Gourmet Salts Market Segment Analysis

The global gourmet salts market can be segmented on the following basis:

By Type

Sel Gris
Flakey Salt
Himalayan Salt
Fleur de sel
Speciality Salt

By Application

Bakery and Confectionery
Meat & Poultry
Savories and Sauces

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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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