The Global Gourmet salt market has been estimated at USD 1025 Million in 2016 and is projected to reach USD 1407.64 Million by 2021, at a CAGR of 6.55%
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According to the report Global Gourmet salt market, published by Market Data Forecast, the Market has been estimated at USD 1025 Million in 2016 and is projected to reach USD 1407.64 Million by 2021, at a CAGR of 6.55% during the forecast period from 2016 to 2021. 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. They are expensive owing to their rarity, their variegated distinct flavors, colors, and appeal that add value to the dish.
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They are widely used in food pickling and canning applications as a preservative to increase their shelf-life.
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The market for Gourmet salt is mainly driven due to increasing Cosmopolitan culture which is creating a demand for traditional cuisines in the metros, due to which gourmet salts are finding their increased application owing to their ability to incorporate traditional flavor and aroma in the foods. Also, increasing demand in food & beverage and food service industries is expected to drive global gourmet salt market.
But, the market growth can be constrained due to high cost involved during its harvesting and processing, and also, high price associated with gourmet salts in comparison to conventional salts.
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Global market for Gourmet salt is segmented based on type, source, and application. By type, the market is further sub-segmented into Fleur de Sel, Sel Gris, Himalayan Salt, Flake Salt, and Specialty Salt.
By application, the market is further sub-segmented into Bakery & Confectionery, Meat & Poultry Products, Seafood Products, and Sauces & Savory. Fleur de sel is the dominating segment, followed by other gourmet salts.
On the basis of application, bakery and confectionary segment is expected to contribute maximum revenue to the overall gourmet salts market.
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Geographically, Global market for Gourmet salt is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. Europe was the biggest product consumer as well as manufacturer on account of huge processed food demand, and is hence, the largest market for gourmet salt in the globe.
North America and Asia-Pacific is expected to witness highest growth owing to factors like economic developments and expansion of companies in this region.
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 Global Gourmet salt market.
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