Gourmet salts are high-quality unrefined salts that are mostly hand-harvested and used in upscale culinary applications. They are available in various textures, from superfine to coarse, depending on the method of harvesting and processing.
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Market Data Forecast recently published a report on the “North America Gourmet Salt Market" which estimates the market which was worth $276.75 million in 2016 and is expected to be growing at a CAGR of 6.1%, to reach $372.1 million by 2021 during the forecast period from 2016 to 2021.
They are expensive owing to their rarity, their variegated distinct flavors, colors, and appeal that add value to the dish.
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The DROC Analysis contains some of the factors that have major effects on the market dynamics be it positive or negative. The market for Gourmet salt is mainly driven in North America due to rising living standard of consumers, increasing commercialization of food industry by various media shows and also awareness regarding benefits of gourmet salts in the traditional food and increasing demand for food & beverage and food service industries is driving the market growth.
But, the market growth can be hampered due to high price associated with gourmet salts in comparison to conventional salts.
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The market is segmented based on ingredient type and animal type and is studied for a deep-level understanding of the Gourmet Salt market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
- Fleur de Sel
- Sel Gris
- Himalayan Salt
- Flake Salt
- Specialty Salt
- Bakery & Confectionery
- Meat & Poultry Products
- Seafood Products
- Sauces & Savory
Geographically, North America market for Gourmet salt is segmented into U.S. and Canada. North America is the second largest market for Gourmet salts globally, in terms of market share.
Companies operating in gourmet salts market are mainly adopting new product development strategy in order to enhance their product portfolio and also to expand into new markets.
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Morton Salt, Inc., Saltworks, Inc., Murray River Gourmet Salt, Infosa, Cargill, Inc., Alaska Pure, Cheetham Salt Ltd., Pyramid Salt Pty. Ltd., Maldon Crystal Salt Co. and Amagansett Sea Salt Co., are the major players of North America Gourmet salt market.
Scope of the North America Gourmet Salt Market:
- Regional and country-level analysis that provides an innate perspective of USA and Canada Market to that of the North American region
- To detect major focus areas of industrial growth Segment-level analysis on basis of type, therapeutics, end-user along with market size forecasts and y-o-y estimations are provided
- Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
- PESTLE and Porter’s Five Forces Analyses that examine the macro& micro environmental factors such as political influence, technological prowess, industry rivalry to name a few.
- An extensive listing of major market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
- mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape
- Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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