Gourmet Salt Market is Expected to Grow at a XX% CAGR from 2017 to 2024

MaketStudyReport.com adds a New Gourmet Salt Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a Healthy CAGR to 2024.

Gourmet Salts Market size is estimated to exceed USD 1.5 billion by 2024.Potential outlook in culinary & preserving applications along with increasing adoption of gourmet food in luxury restaurants globally will propel the gourmet salts market size. Enhancing taste, flavor and aroma in foods are the key properties stimulating industry growth.

Rising consumer spending on food & beverages due to changing lifestyle will drive the industry demand. Global food & beverage industry will surpass USD 9.5 trillion by 2024 growing at over 3.4%. Increasing product consumption in dressing and seasoning of foods will further support the product scope.
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.

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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.

Sel gris market was over 10 kilo tons in 2016. Increasing product usage as a finishing and cooking product owing to its coarse texture will drive the industry growth. It is moist, unrefined and considered as the best quality salt among professional chefs.

Meat & poultry demand is anticipated to worth around USD 510 million by 2024. Changing lifestyle and improved preservation technology in processed meat, fish and poultry will fuel the product demand. Rising demand as preservative for canned meats, hams, roasts, meatballs, and fish, enhances the gourmet salts market growth.

Bakery & confectionary market will witness over 8.5% CAGR up to 2024. High product acceptance owing to its superior properties including enhanced food taste, distinct flavor, appearance, color, and aroma will drive the revenue growth.

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.

The U.S. gourmet salts market was valued more than USD 217 million in 2016. Improved standard of living coupled with increasing commercialization in food industry though several promotions are the driving factors of the industry growth. Increasing consumer awareness about product benefits accompanied by expansion in food & beverage industry will propel the product demand.

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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. Some of the key industry players in gourmet salts market are Cargill, Morton, CK Life Sciences, Amagansett, Dominion, Irish Atlantic, Devonshire, Alaska Pure, Cargill, Murray, Marblehead, Infosa and Marblehead.

Gourmet salts market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilotons and revenue in USD million from 2013 to 2024, for the following segments:

Gourmet Salts Market, By Product:
Coarse salts, Fleur de sel, Flake salts, Sel gris, Himalayan salts, Specialty salts, Others

Gourmet Salts Market, By Application:
Bakery & confectionary, Seafood, Meat & poultry, Sauces & savories, Others

The above information has been provided on a regional and country basis for the following:
North America, U.S., Canada, Europe, Germany, UK, France, Italy, Russia

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This release was published on openPR.