The gourmet salt market size reached USD 289 Million in 2021 and is expected to register a revenue CAGR of 6.5% during the forecast period to the latest analysis by Emergen Research. An increasing number of gourmet cooking shows across the globe is a key factor driving revenue growth the market. The popularity of elaborate and exotic cooking styles that use special materials such as gourmet salts is growing owing to the rising viewership of culinary shows and competitions.
Gourmet salt producers might partner with well-known cooking shows and networks to advertise their products. In order to increase product visibility, producers can also market their products at various culinary shows held across the world. These factors are supporting revenue growth of the gourmet salts market. In addition, the rising penetration of the Internet has made these shows easily accessible to millions of food lovers who try to experiment with gourmet and premium ingredients from the comfort of their home kitchens, thus driving the demand for gourmet salts.
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The report covers the estimation of key market players, emerging new players, and regional analysis to offer a better understanding of the Gourmet Salt Market . Furthermore, the report is updated with the changes in the market dynamics and economic scenario due to the COVID-19 pandemic. The report assesses the impact of the pandemic on the overall market and provides a detailed assessment of the present and future impact of the COVID-19 pandemic on the industry.
Scope of the Global Gourmet Salt Market Report :
The report performs an accurate estimation of the growth prospects of the different market segments by studying the current market scenario, past performance, demand and supply ratio, production, consumption, sales, and revenue generation of the key players in the upcoming years. The market segmentation provides a 360° view of the Gourmet Salt Market industry, which turns out to be beneficial for readers interested in this sector.
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The increasing prices of gourmet salts are a major factor restraining the global market. These luxury salts have an expensive harvesting and processing method. Hand-harvested salts require extreme care for perfect end results. The equipment used are also expensive, which results in an increased cost of the final product.
Some Key Highlights From the Report :
The Himalayan pink salt segment is expected to register a steady growth throughout the forecast period owing to its purity and beautiful pink tint. Its coarse texture makes it an excellent choice for grilling and baking meat, poultry, and seafood as it is an effective conductor of heat. It is also good for making brine solutions.
The bakery & confectionery segment is expected to register considerable growth. Confectioneries are rapidly adopting gourmet salts due to their available range of flavors and colors. The unique aroma, appearance, and taste by these luxury salts add are increasing their demand in bakeries for multiple applications.
The market in Europe is expected to register a considerably rapid growth rate in the global gourmet salt market over the forecast period as a result of the rising health awareness among people, especially related to hypertension and cardiovascular disorders
Competition in the Gourmet Salt Market :
The Gourmet Salt Market report contains information on leading vendors’ product launches, sustainability, and prospects, such as: Key players in the market include Cargill Inc., Cheetham Salt, Pyramid Salt, Maldon Crystal Salt Company Ltd., Infosa, Saltworks Inc., Morton Salt, Inc., Murray River Gourmet Salt, Selina Naturally, and Alaska Salt Co.
The Global Gourmet Salt Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.
Emergen Research has segmented the global gourmet salt market on the basis of type, application, and region:
Type Outlook (Revenue, USD Million; 2019–2030)
Himalayan Pink Salt
Fleur de Sel
Smoked Salts
Black Salt
Indian Black Salt
Cyprus Black Flake Salt
Hawaiian Black Salt
Chili Salts
Flavored Salts
Others
Application Outlook (Revenue, USD Million; 2019–2030)
Bakery & Confectionery
Seafood
Meat and Poultry
Sauces
Others
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Region wise performance of the Gourmet Salt industry :
North America Gourmet Salt Market forecast is expected to remain significantly positive in terms of revenue share between 2022 and 2030 . In addition, North America Gourmet Salt Market revenue share is expected to remain comparatively larger than that of other regional markets from 2022 to 2030 .
Asia Pacific registered fastest revenue CAGR in 2022, and the Gourmet Salt Market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2030
Europe Gourmet Salt Market forecast is positive currently, with revenue growth expected to remain steady between 2022 and 2030 . Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Gourmet Salt Market growth.
Global Gourmet Salt Market has been classified into the subsequent geographical segments:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Some of the key questions answered in this report:
What focused approach and constraints are holding the Gourmet Salts market?
What are the different sales, marketing, and distribution channels in the global industry?
What are the upstream raw materials and manufacturing equipment of Gourmet Salts along with the manufacturing process of Gourmet Salts?
What are the key market trends impacting the growth of the Gourmet Salts market?
Economic impact on the Gourmet Salts industry and development trend of the Gourmet Salts industry.
What are the market opportunities, market risk, and market overview of the Gourmet Salts market?
What are the key drivers, restraints, opportunities, and challenges of the Gourmet Salts market, and how they are expected to impact the market?
What is the Gourmet Salts market size at the regional and country-level?
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