About Flavored Salts
Flavored salt is a category that is highly adopted by the food and beverage industry the top competitors in the salt industry is investing in the flavored salts as a value-added offering across the salt spectrum. The companies are providing high-quality flavored salts that are trusted for the consistency in taste, purity, iodine, and assurance of health. Flavored salt became the most comfort for seasoned foodies.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.0% |
The global flavored salts market is moderately competitive and consists of some leading players. In terms of vendors share, some of the market players are highly dominating the global market. These market players are highly focusing on strategic collaborative initiatives to enhance their market share and improve their profitability. Analyst at AMA Research estimates that Japan Vendors will contribute the maximum growth to Global Flavored Salts 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 (United States), Tata Group (India), Cerebos (United Kingdom), K+S Windsor Salt (Canada), United Salt Corporation (United States), Akzo Nobel (Netherlands), Dev Salt Private (India), Cheetam Salt (Australia), Salinas Corporation (Philippines) and SaltWorks Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are The Meadow (United States), Beyond The Shaker (United States) and San Francisco Salt (United States).
Segmentation Overview
AMA Research has segmented the market of Global Flavored Salts market by Type (Sea Salt and Mined Salt) and Region.
On the basis of geography, the market of Flavored Salts 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). If we see Market by Flavour , the sub-segment i.e. Garlic Salt will boost the Flavored Salts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Stores will boost the Flavored Salts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption for the Domestic Hand Harvested Salts
Market Growth Drivers:
The emergence of Beverages Industry, Rising Consumer Concern towards Health and Easy Availability of Products to the End Users
Challenges:
Fluctuation in Rates and Foreign Currency Exchange Rates
Restraints:
High Cost Associated With Flavoured Salt
Opportunities:
Increasing Awareness among Consumers
Market Leaders and their expansionary development strategies
In April 2023, The McCormick and Tabitha Brown are expanding their partnership to add five new salt free, vegan seasoning products to grocery stores nationwide. Joining the wildly popular McCormick Sunshine Seasoning by Tabitha Brown, these new flavors will provide a more complete offering. The new products will consist of two seasoning blends coming to shelves and Amazon this spring and three recipe mixes rolling out later this summer.
In November 2023, Maldon Salt has unveiled its two latest innovations, blending its classic Maldon sea salt flakes with garlic and chilli. Garlic Sea Salt combines hand harvested Maldon sea salt flakes with wild and roasted garlic, and Chilli Sea Salt blends the sea salt flakes with Aleppo pepper and bird’s eye chillies.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Flavoured Salts Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
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.