Global Market Study on Gourmet Salts: Notable Push from Gourmet Kitchens & Restaurants in Developed Regions


Gourmet Salts  Market
  • Published On : Nov-2019 |
  • Pages : 250 Pages |
  • Format : Gourmet Salts  Market Gourmet Salts  Market Gourmet Salts  Market Gourmet Salts  Market

Gourmet Salts Gaining Traction Through Futuristic Flavors and Colors

The dynamics of global economy and its effects on various industries and countries can be observed on the basis of numerous parameters. The need for industrialization across the globe has given thrust to rapid urbanization. Dynamic economies in particular face the consequences of evolving lifestyles which ultimately impact the spending behavior of consumers. Increasing affluence remains a prime booster to the growth of premium category products, one of which includes gourmet salts.

Growing availability of myriads of crystals, flavors, and colors are taking the gourmet salt market to another height. For instance, the curative properties of pink Himalayan gourmet salt or the salty aftertaste of Grey Atlantic salt are giving consumers a deliciously unique palate and giving a massive upswing to the gourmet salt market.  Its ability to impart exotic flavor to food items and its low sodium content will continue to fuel the demand. Moreover, high applicability in meat processing and as a preservative agent will continue to positively impact the growth of the gourmet salt market over the forecast period.

global gourmet salt market value share

Technological Advances and Attractive Packaging Play a Crucial Role

The manufacturing of gourmet salt requires high precision processing as it is categorized in the range of premium quality salts. In order to cater to the increasing demand for high-quality food-grade sea salts and other gourmet salts, major players in the market are focusing on the adoption of advanced technologies for salt production. This allows manufacturers to produce high-quality gourmet salts effectively and efficiently.

Besides, manufacturers are adopting the ongoing trend of silent proportioning of products by offering gourmet salt in attractive packaging. This will help manufacturers of gourmet salt position their products in the premium segment and also help them attract more customers across the globe. In 2017, SaltWorks Inc. introduced its new product Artisan salt with three brand new packaging options that include pour spout pouches and ceramic grinder.

Asian Economies – The New Target Pockets of Investment

South Asia and East Asia are anticipated to show a higher growth rate compared to other regions. The increasing urbanization and changing lifestyle of consumers are propelling the demand for exotic foods and effectively for gourmet salt. Also, the increasing trend and popularity of gourmet kitchens and restaurants are expected to boost the gourmet salt market. Despite having less share in the global gourmet salt market, South Asia and East Asia will be the new target markets for manufacturers of gourmet salt during the forecast period.

North America and Europe collectively account for more than 60% of the revenue represented by the global gourmet salt market. Consumers in North America and Europe have a dense cluster of multinational and local manufacturers of gourmet salt. This has increased market infiltration and market share of these two regions. North America is anticipated to grow at a CAGR ~3% and Europe is expected to grow at a CAGR ~ 4% during the forecast period. However, gourmet salt harvesting involves high capital investment for processing, packaging, labeling, and marketing, which ultimately increases the final product cost. This additional cost associated with the processing of gourmet salt is hindering the growth of the global gourmet salt market. 

Analyst’s Viewpoint

The wide outlook of the gourmet salt market has led our analysts to conclude that the global gourmet salt market is emerging at a substantial rate with South Asia and East Asia holding the highest growth during the forecast period in the global gourmet salt market. An increase in innovations in technology and the development of new products coupled with attractive packaging is stimulating the demand for gourmet salt across the globe.

The market players investing in mergers & acquisitions and using their expertise in the usage of the innovative technology will provide momentum and gain profitability in the global gourmet salt market. However, the additional costs associated with the processing of gourmet salt could restrain the growth of the gourmet salt market. 

The latest market report by Persistence Market Research on the global gourmet salt market evaluates opportunities and current market scenario and provides insights and updates about the corresponding segments involved in the global gourmet salt market during the forecast period of 2019-2029. The study provides a detailed assessment of the key market dynamics and detailed information about the global gourmet salt market structure. The detailed market study provides exclusive information about how the global gourmet salt market will grow during the forecast period.

The primary objective of the global gourmet salt market report is to provide insights of opportunities in the market that are consistently supporting the transformation of global businesses associated with gourmet salt. It is very important to consider that in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR) for the overall forecast, to better understand the analysis and evaluation of the global gourmet salt market, and to discover equitable opportunities.

The study on the global gourmet salt market also provides an estimate on the global gourmet salt market and corresponding revenue forecast carried out in terms of absolute dollar opportunity. It also offers actionable insights based on future trends in the gourmet salt market. Furthermore, new and emerging businesses in the global gourmet salt market can make use of the information presented in the study to make wise business decisions, which will provide momentum to the business as well as gourmet salt market.

The study is relevant for all manufacturers, suppliers, distributors, and investors in the global gourmet salt market. This will provide them the required boost to grow in the market. All stakeholders in the global gourmet salt market, investors, industry experts, researchers, journalists as well as business researchers can leverage the information and data represented in PMR’s study.

Key Segments of the Global Gourmet Salt Market

PMR’s study on the global gourmet salt market offers information divided into 3 important segments- product type, application and region.

 Product

Application

Region

Coarse Salt

Bakery & Confectionery

North America

Flake Salt

Meat & Poultry

Latin America

Fleur de Sel

Seafood

Europe

Indian Black Salt

Sauces & Savory

South Asia

Italian Sea Salt

Desserts & Frozen Food

East Asia

Sel Griss Sea Salt

Oceania

Smoked Sea Salt

Middle East & Africa

Others

Key Questions Answered in PMR’s Global Gourmet Salt Market

  • Which region will have the highest market share in the global gourmet salt market during the forecast period?
  • Which region is experiencing the highest growth (CAGR)?
  • Which factors are impacting the global gourmet salt market?
  • Which are the global trends in the gourmet salt market that are impacting the market?
  • What strategies need to adopted by the emerging players in the gourmet salt market to capture opportunities in various regions?
  • What is the market structure of the global gourmet salt market?

Global Gourmet Salt Market: Research Methodology

PMR is committed to provide unbiased market research solutions to its clients. PMR follows a robust methodology for deducing the data that is included in this report. The unique research methodology is utilized to conduct extensive research on the global gourmet salt market and reach conclusions on the future growth factors of the gourmet salt market. The research methodology uses primary research methods coupled with the secondary research methods, which ensure the accuracy and reliability of the conclusions.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on the use of standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions, i.e. North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include,

  • Primary Research
  • Secondary Research
  • Trade Research
  • Social Media Research

Companies covered in Gourmet Salts Market Report

Company Profiles

  • Cargill, Incorporated 
  • Morton Salt Inc.
  • SaltWorks Inc.
  • CK Life Sciences Int’l., (Holdings) Inc. (Cheetham Salt Limited)
  • Amagansett Sea Salt Co.
  • Murray River Gourmet Salt
  • INFOSA
  • Pyramid Salt Pty. Ltd.
  • The Marblehead Salt Co. LLC.
  • Alaska Pure Sea Salt Co.
  • Maldon Crystal Salt Company Limited
  • San Francisco Salt Company
  • Salty Wahine Gourmet Hawaiian Sea Salts LLC
  • Saltopia Artisan Infused Sea Salts
  • Südwestdeutsche Salzwerke AG
  • The Meadow (Bitterman and Sons, Inc.)
  • SeaSalt Superstore LLC
  • The Savory Pantry
  • Evolution Salt Co.
  • HEPP'S Salt Co.
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