Growing Use of Natural Food Ingredients Propels Global Gourmet Salts Market
Published On : Nov 10, 2015
Historically, salt has been used even before the technique of cooking was mastered, as man had learnt the use of salt crystals that were formed on the seashore. Salt has been believed to play a pivotal role in ancient civilizations, before the discovery of metals, as salt was used in both foods and in religious aspects.
The global gourmet salts market is expected to display a 6.90% CAGR between 2015 and 2025. The market’s value as recorded in 2014 was more than US$1 bn. By the end of 2025, the global gourmet salts market is expected to be valued at US$2.2 bn.
The top companies in the global gourmet salts market are Marblehead Salt Co. LLC, Pyramid Salt Pty. Ltd., INFOSA, Murray River Gourmet Salt, Amagansett Sea Salt Co., CK Life Sciences Int’l., Inc., SaltWorks, Inc., Morton Salt, Inc., and Cargill, Inc.
Increasing Awareness and Use of Various Salts Propels Global Gourmet Salts Market
The primary growth driver of the global gourmet salts market is the increasing use of naturally flavored salts in multiple cuisines. More and more consumers are now aware of the varieties in flavor that gourmet salts can impart to their daily diets. Most gourmet salts are also sold as naturally occurring products, which is preferred by the growing health-conscious population. The rate of awareness towards the global gourmet salts market is further boosted by the advent of a large number of cooking shows broadcasted on TV or online. As these shows increase in popularity and viewership, a larger range of products is being released into the market, benefitting the global gourmet salts market greatly.
Fleur de Sel, Meat and Poultry Lead Global Gourmet Salts Market
In terms of product type, the global gourmet salts market is divided into smoked sea salt, Sel Gris sea salt, Italian sea salt, Indian black salt, Fleur de Sel, flake salt, and coarse salt, among other minor variants. Of these, the global gourmet salts market is led by Fleur de Sel, a segment that was valued at US$210.7 mn in 2014. It is expected to reach US$225.6 mn by the end of 2015. Second in the list is coarse salt, which was recorded at US$196.4 mn in 2014 and is speculated to reach US$210.7 mn before 2015 ends.
In terms of application, the global gourmet salts market is led by the meat and poultry segment, which was recorded at US$317.8 mn in 2014. It is expected to rise to US$340.2 mn by the end of 2015. This segment is said to be displaying a CAGR of 7.50% between 2015 and 2025, the fastest growth rate among all application segments of the global gourmet salts market.
The global gourmet salts market is expected to continue growth at this remarkable growth rate for quite a while, as consumers are increasingly attracted towards the concept of fine and exotic foods and preparations. Gourmet salts add an undeniable variety of taste against common table salt, which is what drives the market for it.
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