Market Research Report
Gourmet Salt Market Growth, Trends and Forecasts (2019 - 2024)
|Published by||Mordor Intelligence LLP||Product code||907063|
|Published||Content info||110 Pages
Delivery time: 2-3 business days
|Gourmet Salt Market Growth, Trends and Forecasts (2019 - 2024)|
|Published: May 1, 2019||Content info: 110 Pages||
The Gourmet salt market is expected to witness a CAGR of 5.9% by 2024, anticipated to be driven by factors such as demand for extravagant and mouthfeel along with the growing concept of devouring foods cooked from scratch.
Global gourmet salts market report is segmented by type, by application and geography. By type, the market is segmented into Sel Gris, Flakey Salt, Himalayan Salt, Fleur de sel, Specialty Salt, and Others. By application, the market is segmented into Confectionary, Bakery, Meat & Poultry, Sea Food, and Sauces & Savories and by geography, the market reveals the major countries, the consumption scenario, and the country, where the market is progressing.
The trend in devouring traditional blend of foods have witnessed a rapid demand among consumers, where novel products offered by restaurants have indicated a high rate of acceptance considering the inclusion of natural ingredients to enhance flavors. Although, manufacturers are trying to offer a close-to-accurate product that replicates the same flavor, taste, and mouthfeel, which over a short term period the scalability seems to be feasible. Preference of consumers has altered over the fast few years, where consumers in general, desire home-cooked or restaurant served food dishes.
Americans are consuming substantially more sodium than in the 1970s. Although, since 2010, some manufacturers have reduced sodium in some foods, and the amount of sodium consumed has decreased slightly in some groups of people. However, the shift in preferences has led to the scaling demand for gourmet salts altogether. The introduction of flavored gourmet salts is one of the latest trends that will contribute to the growth of this market in the forthcoming years across the region. Moreover, there is also a growing opportunity in the market for flavored salts made from natural ingredients i.e. naturally flavored.
The salts and flavored salts market is fragmented, with small-scale manufacturers contributing a significant share to the market. The competition forwarded by small- and medium-sized manufacturers is high where products rolled out are largely based on innovation and blends, catering to the demands of new-age consumers. On a global platform, K+S Aktiengesellschaft is one of the prominent players in the salts and flavored salts market, wherein, the company operates under four segments, namely Agriculture, Industry, Consumer, and Communities.
Expansion is one of the major keys of business growth and achieving a competitive advantage, as companies are engaged to explore new markets and provide salt types on the basis of country-wise applications. For instance, In 2016, K+G AG, along with German potash, had revealed plans to expand into Australia with a USD 350 million Pilbara salt project.