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Sunday, June 19, 2022

Global Gourmet Salts Market To Be Driven By The Changing Consumer Taste Preferences In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘Global Gourmet Salts Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global gourmet salts market, assessing the market based on its segments like types, applications, distribution channels, and regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators and analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 6.40%

The global market for gourmet salts is being driven by the rising demand for deliciously unique sea salts in the food service sector. The growing awareness regarding the health benefits of gourmet salts is resulting in their increased consumption. Moreover, the expansion of restaurant chains is also expected to drive the demand for gourmet salts due to their premium taste and qualities. This is further supported by the growing disposable incomes, increasing demand for fine foods with exotic flavours, and improved living standards. Moreover, the demand for innovative flavours is also expected to promote the use of a variety of gourmet salts in the forecast period.

Industry Definition and Major Segments

Gourmet salts refer to speciality salts that are naturally harvested and known to comprise high mineral content. These salts vary in flake sizes and textures and provide new variety of flavours, and colour. These salts find increased use in cooking and food preservation activities.

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The global market for gourmet salts, on the basis of type, can be segmented into:

• Himalayan Salt
• Flakey Salt
• Sel Gris or Grey Salt
• Speciality Salts
• Others

Based on application, the market can be segregated into:

• Bakery and Confectionery
• Meat and Poultry
• Sea Food
• Sauces and Savoury
• Others

On the basis of distribution channel, the market can be categorised into:

• Supermarkets and Hypermarkets
• Convenience Stores
• Online
• Others

The regional markets for gourmet salts include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Market Trends

The key trends in the gourmet salts market include the development of the gourmet food market and the globalisation of taste. The improved living standards are leading to changing consumer preferences for specialised salts. Benefits of gourmet salts such as improved flavour profile, enhanced texture, and diverse applications are expected to enhance their utilisation in the food service sector. Moreover, the rising investments to enhance the production and packaging of gourmet salts are likely to favour the market growth in the coming years. Additionally, the growing availability of a variety of gourmet salts across online channels is expected to supplement the market growth in the forecast period.

Key Market Players

The major players in the market are Cargill Inc., Pyramid Salt Pty. Ltd., Maldon Crystal Salt Company Ltd., Saltworks Inc., Infosa, and Cheetham Salt Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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