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Europe gourmet salts market to witness fastest growth over 2017-2024, UK and Germany to drive the regional demand

01-19-2018 07:16 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: GMI

/ PR Agency: GMI
Gourmet Salts Industry, Gourmet Salts Market, Gourmet Salts Market Analysis, Gourmet Salts Market Growth

Gourmet Salts Industry, Gourmet Salts Market, Gourmet Salts Market Analysis, Gourmet Salts Market Growth

The demand for gourmet salts market is witnessing a major upswing at a global level with the growing popularity of organic food and rising wave of westernization. Gourmet salts are naturally harvested and untreated sea salts that enhance the dressing of the food products and impart exotic flavor. Gourmet salt’s low sodium content coupled with high mineral presence will further fuel its demand over mineral salts. It is found that excessive intake of mineral salts leads to high prevalence of cardiovascular illness and hypertension. Globally, high blood pressure caused more than 7 million deaths in 2015, as per a report by Global Health Observatory (GHO). Moreover, the population aged above 25-year contributed for more than 40% of the high BP instances. A significant rise in consumer spending on food & beverages and gourmet food in luxury restaurants will further drive the gourmet salts industry share. As per report by Global Market Insights, Inc., Gourmet Salts Market stood at USD 1 billion in 2016 and is projected to exceed USD 1.5 billion by 2024. In terms of volume the gourmet salts industry is anticipated to surpass 120 kilo tons over the coming seven years.

Europe Gourmet Salts Market Size, By Product, 2016 & 2024 (USD Million)
Strong application potential of gourmet salts in meat, fish & poultry processing and preservation have provided significant impetus to the product demand. The global gourmet salts market from meat & poultry processing application witnessed high demand and is expected to surpass USD 500 million by 2024. Substantial rise in the consumption of meat, hams, fish, meatballs, and roasts in Asia Pacific will positively impact the regional gourmet salts industry growth. In 2015, APAC was the largest meat and processed meat consumer having accounted for over 65% of the global demand. China is a major contributor to this regional growth as an average Chinese person consumes about 60 kg of meat every year. In 2016, China gourmet salts industry generates revenue worth USD 50 million and is expected to attain significant gains over the coming timeframe of seven years.

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Gourmet salt comes in various product types such as Fleur De Sel, Sel gris, Indian pink salt, Himalayan salts, Italian salts, flake salts specialty gourmet salts, smoked salts, and others. Among these, Fleur De Sel finds wide application scope in vegetable dishes, salads, roasted meats, and seafood. This product also finds potential utilization in bakery products, owing to its high mineral content, moisture, and better solubility characteristics. In 2016’s gourmet salts market statistics, fleur de sel accounted for more than 35% of the overall industry share. Sel gris type of gourmet salt also has excellent moisture retention property as is thus widely used in healthier food recipes for seasoning of vegetables and meat. As per estimates, sel gris is likely to grow at an annual rate of 8% over 2017-2024.

European geriatric population covers approximately 24% of the overall regional demography and has thus significantly impacted the demand for nutritional food items and life expectancy products for the aging population. Accounting for more than 35% of overall gourmet salts market in 2016, Europe dominated the regional landscape. Germany and UK were the leading regions supporting the industry growth.

Prominent gourmet salts market players include Infosa, Maldon Crystal, San Francisco Saltsworks, Pyramid, Murray River, Devonshire, Amagansett, Alaska, and CargillMortan.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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