Rising Demand from Processed Food Industry Fuels Growth of Gourmet Salt Market, Reaching to $6.53B by 2028

The new report published by The Business Research Company, titled "Gourmet Salt Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the gourmet salt market size has grown strongly in recent years. It will grow from $4.5 billion in 2023 to $4.81 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The gourmet salt market size is expected to see strong growth in the next few years. It will grow to $6.53 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.

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Gourmet Salt Market Surges Ahead With Rising Demand From The Booming Processed Food Industry
The increasing demand for processed food products is driving the growth of the gourmet salt market. A processed food product is a food product that has been altered in some way during preparation and it can be freezing, canning or baking. The canned, frozen, or half-cooked food products need more shelf life, and gourmet salt is beneficial in preserving the food & extending the shelf life of processed food products. The demand for gourmet salt increases as the need increases for processed food products. For instance, in April 2022, the Ministry of Food Processing Industries of India, under the Production Linked Incentive Scheme For Food Processing Industry (PLISFPI), approved investment proposals of 119 processed foods companies to accelerate the domestic growth of processed food items. Therefore, the increasing demand for processed food products is driving the growth of the gourmet salt market.

Technological Advancements Transforming The Gourmet Salt Market
Technological advancement is a key trend gaining popularity in the gourmet salt market. Technological advancements in gourmet salt include innovating and implementing new production techniques for the generation of gourmet salt with new content making the product, which is rich in quality without harming the environment. Major companies operating in the gourmet salt market are focusing on implementing sophisticated technologies for salt manufacturing to meet the demand for high-quality food-grade salts and gourmet salt. For instance, in November 2022, Truff, a US-based gourmet sauce company, introduced black truffle salt, a combination of fine and coarse sea salt and black truffle flecks for additional aroma and flavor, which can be used as a finishing salt to sprinkle on top of a meal or as a substitute for ordinary salt when cooking.

The gourmet salt market covered in this report is segmented -
1) By Type: Fleur de Sel, Sel Gris, Himalayan black Salt, Flake Salt, Specialty Salt, Other Types
2) By Application: Bakery and Confectionery, Meat and Poultry Products, Seafood Products, Sauces and Savory, Other Applications
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Online Retailing, Specialty Stores, Other Distribution Channels

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Major companies operating in the gourmet salt market report are Cargill Inc., Le Saunier de Camargue, Jacobsen Salt Co., Drogheria & Alimentari, Morton Salt Inc., The Spice Lab, Pyramid Salt Pty. Ltd., Cornish Sea Salt Co., Sal de Ibiza, Murray River Salt, Infosa, Alaska Pure Sea Salt, Saltworks Inc., Cheetham Salt, Amagansett Sea Salt Co., Kalahari Pristine Salt Worx, The Meadow, Artisan Salt Company, Saltverk, The Salt Table, Bitterman Salt Co., Celtic Sea Salt, Redmond Real Salt, La Baleine, Fleur de Sel de Guérande, Maldon Salt Company, Halen Môn, Piranske Soline, Salt of the Earth, Amabito No Moshio, Khoisan Salt, The Salt Cellar, The Salt Box

Contents of the report:
1. Executive Summary
2. Gourmet Salt Market Report Structure
3. Gourmet Salt Market Trends And Strategies
4. Gourmet Salt Market - Macro Economic Scenario
5. Gourmet Salt Market Size And Growth
…..
27. Gourmet Salt Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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