Global Gourmet Salts Market: Overview
Salt is a crystalline inorganic mineral formed by the combination of two elements, namely, sodium and chlorine. Gourmet salts are unrefined and high-quality salts used in exotic cuisines to enhance taste, flavor, texture and appeal of food. These are available in different sizes, colors and flavor, depending on the source of the salt. Moreover, these salts possess better solubility and also have high mineral content. There are essentially two types of gourmet salts, harvested and mined.
Harvested Salts: These are harvested from sea water thorough evaporation either by solar or vacuum techniques. Coarse salt, Fleur de Sel, flake salt, Sel Gris, Italian sea salt, and sea salt are some of the popular variants of harvested salts. Mined Salts: These are mined from salt mines using techniques such as crushing of large mineral rocks containing salt to manageable sizes. These are then further screened and packaged as per requirements. Table salt and Himalayan pink salt are most popular variants of mined salts.
Global Gourmet Salts Market: Key Research Aspects
This report on the global gourmet salts market is a comprehensive study on its current condition and what are the prospects of demand during a foreseeable future. The report estimates and forecasts the gourmet salts market on the global, regional, and country levels. The study provides forecast between 2017 and 2025 based on volume (Tons) and revenue (US$ Thousand) with 2016 as the base year. The report comprises an exhaustive value chain analysis for each of the product segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the gourmet salts market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the gourmet salts market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes substitute analysis of biochar and global average price trend analysis.
Global Gourmet Salts Market: Segmentation
The study provides comprehensive view of the gourmet salts market by dividing it into product type, application, and geography. On the basis of product type, th PMR report has segmented the gourmet salts market into indian black salt, sel gris, smoked sea salt, flake salt, fleur de sel, Italian sea salt, coarse salt, and others. Application-wise, the market for gourmet salts is bifurcated into meat and poultry, bakery and confectionery, dessert and frozen food, sauces and savory, and seafood.
Regional segmentation includes the current and forecast demand for gourmet salts in North America, Western Europe, Eastern Europe, Asia Pacific except Japan (APEJ), Latin America, and Middle East & Africa (MEA). Additionally, the report comprises country-level analysis in terms of volume and revenue for end-user segments. Key countries such as the U.S., France, Germany, Italy, the U.K., China, India, Japan, South Africa, Mexico, and Brazil have been included in the study. Market segmentation includes demand for individual end-users in all the regions and countries.
Gourmet Salts Market Riding on “Organic Products” Trend
Urban populations are now more aware of what they are consuming, thanks to growing ubiquity of smartphones and deepening penetration of social media. This has given rise to a trend of “organic products” that is currently restructuring the food industry. Salts are integral part of a meal, and although the product is available in abundance, factory processing has been taking away its originality. But now, the demand for gourmet salts is expanding, as they are the closest to the nature, aka organic. According to this business intelligence study, the demand in the global gourmet salts market will multiply at a notable CAGR of 7.5 during the forecast period of 2017 to 2025. The analysts of this report have evaluated that gourmet salts made for a market that was globally worth US$1,277.2 mn as of 2017, and have estimated that the opportunities will translate into revenue of US$2,194.8 mn by the end of 2025.
Apart from the trend of organic products in the food industry, the global gourmet salts market is also gaining traction from factors such as increasing demand for traditional cuisines at luxury hotels made by professional cooks. In addition to that, there is high profit margin for players operating in this market, owing to the ease of packaging and transportation. This factor is expected to lure newer players who will depend on raising awareness regarding the benefits of gourmet salts and give impetus to the market for the same.
Based on product type, this report segments the gourmet salts market into sel gris, indian black salt, smoked sea salt, fleur de sel, flake salt, coarse salt, Italian sea salt, and others. Among these, the coarse salt segment is most profitable by a long margin. As of 2017, the coarse gourmet salt segment provided for a demand worth of US$243.2 mn in 2017 and is projected to attain a valuation of US$440.9 mn by the end of 2025. This particular segment is also poised for the most impressive CAGR of 7.7% during the forecast period of 2017 to 2025.
Meat and Poultry Key Application Segment
Application-wise, the market for gourmet salts is bifurcated into meat and poultry, bakery and confectionery, dessert and frozen food, sauces and savory, and seafood. By the end of the forecast period, 2025, the meat and poultry segment is anticipated to be most lucrative, providing for a demand share of 31.9%. This potent demand for gourmet salts in meat and poultry application is a reflection of growing demand from mushrooming fine dining restaurants across developed and emerging economies. However, bakery and confectionery applications of gourmet salts is also expected expand profitably, providing for a demand share of nearly 22.9% by the end of 2025.
Western Europe Most Lucrative Regional Market
Geographically, Western Europe and North America are the two most lucrative regions for the vendors operating in the global gourmet salts market, in that order. As of the start of the year 2018, the Western Europe gourmet salts market was evaluated to be worth US$476.4 mn and is forecasted to reach a valuation of US$732.1 mn by 2025. On the other hand, the demand from the region of North America is projected to expand at a CAGR of 7.1% during the forecast period of this report. Consistent launches of exotic products by the confectionery and bakery product manufacturers, programs pertaining to awards and recognition for innovative products in the developed countries, and expansion strategy are some of the key factors driving the North America gourmet salts market. On the other hand, the analysts have notified for a few trends for the Western Europe gourmet salts market such as focus on brand visibility, creative combinations, and promotional offers.
Major distributors profiled in this reports: