The Gourmet Salt Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Gourmet Salt Global Market Report 2024, The gourmet salt market size has grown strongly in recent years. It will grow from $4.5 billion in 2023 to $4.81 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to rising culinary trends and food culture, growing awareness of health and wellness, popularity of specialty and artisanal foods, celebrity chef endorsements and culinary shows, expansion of the fine dining industry, innovations in packaging and presentation.
The gourmet salt market size is expected to see strong growth in the next few years. It will grow to $6.53 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to consumer demand for clean label products, focus on sustainability and ethical sourcing, e-commerce and online culinary trends, integration into everyday cooking, introduction of innovative salt blends, health-conscious dietary choices. Major trends in the forecast period include growing interest in unique flavors and textures, rise of artisanal and specialty foods, health and wellness trends, innovations in salt blends, culinary tourism and global cuisine influence.
The increasing demand for processed food products is driving the growth of the gourmet salt market. A processed food product is a food product that has been altered in some way during preparation and it can be freezing, canning or baking. The canned, frozen, or half-cooked food products need more shelf life, and gourmet salt is beneficial in preserving the food & extending the shelf life of processed food products. The demand for gourmet salt increases as the need increases for processed food products. For instance, in April 2022, the Ministry of Food Processing Industries of India, under the Production Linked Incentive Scheme For Food Processing Industry (PLISFPI), approved investment proposals of 119 processed foods companies to accelerate the domestic growth of processed food items. Therefore, the increasing demand for processed food products is driving the growth of the gourmet salt market.
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The gourmet salt market covered in this report is segmented –
1) By Type: Fleur de Sel, Sel Gris, Himalayan black Salt, Flake Salt, Specialty Salt, Other Types
2) By Application: Bakery and Confectionery, Meat and Poultry Products, Seafood Products, Sauces and Savory, Other Applications
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Online Retailing, Specialty Stores, Other Distribution Channels
Major companies operating in the gourmet salt market are developing new products such as seasoning products to gain a competitive edge in the market. Seasoning products refer to substances, typically in the form of powders, liquids, or blends, that are added to food to enhance its flavor. For instance, in March 2022, Smart Salt Retail Ltd, a UK-based active company launched the gourmet Suolo range of reduced sodium sea salt seasonings. A range of spices with 50% less sodium than regular sea salt is available in the Suolo line. For consumers wishing to cut back on sodium, the Suölo line of seasonings is a healthy option because it has all the flavor of traditional seasonings with only half the salt. The four robust seasoning options consist of -suolo reduced sodium salt, a novel salt that has 50% less sodium in it. A 163g seasoning blend with 50% reduced sodium is suolo reduced sodium salt, black pepper, and chilli. Suolo reduced sodium salt & lemon contains 50% less sodium per 180g serving. The suolo reduced sodium salt & lemon & herb contains a spice combination that has 50% less sodium.
The gourmet salt market report table of contents includes:
1. Executive Summary
2. Gourmet Salt Market Characteristics
3. Gourmet Salt Market Trends And Strategies
4. Gourmet Salt Market – Macro Economic Scenario
5. Global Gourmet Salt Market Size and Growth
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26. South America Gourmet Salt Market
27. Brazil Gourmet Salt Market
28. Middle East Gourmet Salt Market
29. Africa Gourmet Salt Market
30. Gourmet Salt Market Competitive Landscape And Company Profiles
Top Major Players:
- Cargill Inc
- Le Saunier de Camargue
- Jacobsen Salt Co
- Drogheria & Alimentari
- Morton Salt Inc
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