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Gourmet Salt Market - Growth, Trends, and Forecast (2020- 2025)
Global gourmet salt market is segmented into by Type (Sel Gris, Flakey Salt, Himalayan Salt, Fleur de sel, Speciality Salt, and Others), By Application (Confectionery, Bakery, Meat & Poultry, Sea Food, Sauces & Savories, and Others), and Geography.
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016-2025
Base Year:
2019
Fastest Growing Market:
Asia Pacific
Largest Market:
Europe
CAGR:
6.61 %
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Market Overview
Global gourmet salt market is projected to grow at a CAGR of 6.61% during the forecast period (2020-2025).
- The cosmopolitan culture has created a demand for traditional cuisines in the metros, and this has subsequently led to the increased application of gourmet salts. This is because of its particular flavor that can incorporate a ting of traditional flavor and aroma in foods. These salts have also gained popularity among professional chefs in luxury hotels.
- Gourmet salts also boast of high-profit margins to the retailers, owing to is easy availability and cost effective maufactring, acting as a driver for the market. The cost of expensive as compared to conventional salt and the lack of awareness in developing countries about this salt, are major constraints to the market.
- The increase in the number of gourmet restaurants during the past five years, globally, is positively influencing the gourmet salt market.
Scope of the Report
Global gourmet salt market is segmented into by type and application. On the basis of type, the market is segmented into sel gris, flakey salt, himalayan salt, fleur de sel, speciality salt, and others. On the basis of application, the market is segmented into confectionery, bakery, meat & poultry, sea food, sauces & savories, and others. Also, the study provides an analysis of the gourmet salt market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
| By Type | |
| Sel Gris | |
| Flakey Salt | |
| Himalayan Salt | |
| Fleur de sel | |
| Speciality Salt | |
| Others |
| By Application | |
| Confectionary | |
| Bakery | |
| Meat & Poultry | |
| Sea Food | |
| Sauces & Savories | |
| Others |
| Geography | |||||||||
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Key Market Trends
Growing Demand From Food Service Industry
The food service industry in developed economies, like United States, has quickly adopted to the market, considering the demand of gourmet cuisine. This is because gourmet is an industry classification for high-quality premium foods in the United States, which, in turn, is also influencing the demand of gourmet salt. Moreover, globalization and the strong influence of westernization in emerging countries are boosting the demand for foreign cuisine, such as Italian and French food, which requires special flavors salts. The market for gourmet flavored salts made from all natural ingredients is also growing. Gourmet salts are becoming vital ingredients for all types of cuisines, especially in luxury restaurants, as each kind of gourmet salts have its own specific functionality and provide specific taste and texture to the food.
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Europe Dominates the Market
Global gourmet salts market is expected to witness strong growth during the forecasted period owing to the rising awareness among consumers related to changing food or cuisine preferences among consumers. Europe is expected to witness significant growth in the gourmet salts market and contribute maximum market share, followed by North America and Asia Pacific over the forecasted period. However, North America is expected to experience fast growth owing to the high disposable income of the consumers, which results in buying patterns for products rich in gourmet salt as these products are expensive in nature.
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Competitive Landscape
Some of the major key players in the global gourmet salt market, globally includes Cargill, Alaska Pure, Sea Salt Co., Amagansett Sea Salt Co., Kalahari Pristine Salt Worx, and Morton Salt amongst others.
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Table Of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Sel Gris
5.1.2 Flakey Salt
5.1.3 Himalayan Salt
5.1.4 Fleur de sel
5.1.5 Speciality Salt
5.1.6 Others
5.2 By Application
5.2.1 Confectionary
5.2.2 Bakery
5.2.3 Meat & Poultry
5.2.4 Sea Food
5.2.5 Sauces & Savories
5.2.6 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Russia
5.3.2.5 Italy
5.3.2.6 Spain
5.3.2.7 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 South Africa
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of MEA
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Alaska Pure Sea Salt Co.
6.4.2 Amagansett Sea Salt Co.
6.4.3 Cargill Inc.
6.4.4 Cheetham Salt Ltd.
6.4.5 Kalahari Pristine Salt Worx.
6.4.6 Maldon Crystal Salt Co.
6.4.7 Morton Salt, Inc.
6.4.8 Murray River Salt
6.4.9 Pyramid Salt Pty.Ltd.
6.4.10 Saltworks, Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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