About Gourmet Salt
Salt has been a general commodity and household staple for thousands of years. Salt has changed from a common product into a gourmet thing with numerous origins and processing methods, which represents all the colors and flavors of the gourmet spice market over the past decade. Furthermore, gourmet salts are not a good source of essential minerals, instead one can get all the vitamins and minerals which need from a balanced diet with plenty of fruit and vegetables.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key players of gourmet salt are focusing on strategic partnerships to improve their products flavorings along with focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Gourmet Salt market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Morton Salt, Inc. (United States), Saltworks, Inc. (United States), Cargill, Inc. (United States), Murray River Gourmet Salt (Australia), Alaska Pure Sea Salt Co. (United States), Amagansett Sea Salt Co. (United States), Cheetham Salt Ltd. (Australia), Infosa (Spain), Maldon Crystal Salt Co. (United Kingdom) and Pyramid Salt Pty.Ltd. (Australia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Aro-En Gourmet Salt (Philippines) and Caravel Gourmet (United States).
Segmentation Overview
AMA Research has segmented the market of Global Gourmet Salt market by Type (Himalayan Salts, Fleur De Sel, Flake Salts, Sel Gris/Grey Salts, Specialty Salts and Others), Application (Bakery & Confectionery, Meat & Poultry Products, Seafood Products and Sauces & Savory) and Region.
On the basis of Type, Fleur De Sel are dominating the market in the year 2023 where as Flake Salts stood as second largest market share.
On the basis of application, Bakery & Confectionery segment is dominating the market in the year 2023 where as Seafood Products segment stood as second largest market .On the basis of geography, the market of Gourmet Salt has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Asia Pacific, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Gourmet Salt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Launching of Flavored Gourmet Salts and Advantages Associated to Natural Sea Salts
Market Growth Drivers:
High Profit Margin for Retailers in Gourmet Salt Market and Increasing Demand for Gourmet Salts in Meat and Seafood Processing Industry
Challenges:
Dearth of Awareness about Gourmet Salt
Restraints:
High Cost of Gourmet Salts
Opportunities:
Increasing Food & Cookery Industry Worldwide
Market Leaders and their expansionary development strategies
In August 2019, Japanese food and ingredients company Ajinomoto is acquired 50.1% of More Than Gourmet Holdings, an Ohio-based producer of French sauces and stocks. Financial details were not released.
In March 2022, Smart Salt Retail Ltd has launched the gourmet Suölo range of reduced sodium sea salt seasonings as the food industry is reminded of the dangers of too much sodium intake from salt, which is used both for home cooking and in processed foods such as breakfast cereals, soups, breads, sauces and convenience meals.
Salt is regulated by FDA as a “generally recognized as safe” (GRAS) ingredient. A GRAS substance is one that has a long history of safe, common use in foods, or that is determined to be safe, for the intended use, based on proven science. These substances need not be approved by FDA prior to being used.
Key Target Audience
Manufacturers of Gourmet Salt, Wholesalers, Distributors and Retailers of Gourmet Salt, Food Industry, Governmental Bodies, Research Firms and Regulatory Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.