Gourmet Salts Market - Global Market Study on Gourmet Salts to 2025

Transcription

Gourmet Salts Market : Global Market Study on Gourmet Salts to 2025
Persistence Market Research
Global Gourmet Salts Market is Expected to
Reach US$ 2,194.8 Mn by 2025 : Persistence
Market Research
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Persistence Market Research Released New Market Report According to a new market report
published by Persistence Market Research “Global market Study on Gourmet Salts:
Western Europe to Witness Highest Growth By 2025”, the gourmet salts market is
estimated to be valued at US$ 1,121.5 Mn by the end of 2015 and is anticipated to expand
at a CAGR of 6.9% from 2015 to 2025, to account for US$ 2,194.8 Mn by 2025.
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Gourmet salts are untreated, naturally harvested salts (generally sea salts) with low sodium
content and no additives. These salts are used to add profligacy, flavor and dressing to the
food product. Gourmet salts have the better solubility, exotic flavor, moisture and superior
mineral content. Gourmet salts are gaining popularity because of increasing demand for
gourmet foods.
Currently, the gourmet salts market across the world is mainly driven by factors such as
increasing health consciousness among consumers, product promotions through live cooking
shows and the introduction of innovative products. However, factors such as high costs, low
adoption of natural salts and limited product availability are expected to restrain the growth
of the market. The global gourmet slats market is anticipated to expand at a CAGR of 6.9 %
from 2015 to 2025, to account for US$ 2,194.8 Mn by 2025.
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On the basis of product type, the gourmet salts market has been segmented into coarse salt,
flake salts, fleur de sel, sel gris, Indian pink salt, Italian salts, smoked salts and others. The
fleur de sel segment is expected to account for 20.0% share of the global gourmet salts
market by 2015 end and is expected to register a moderate CAGR of 7.5% in terms of value
over the forecast period (2015–2025). In terms of volume, the segment is expected to record
a CAGR of 7.3% during the forecast period. Coarse salts segment is expected to account for
18.7% share and is expected to register a CAGR of 7.7% in terms of value and 6.8% in terms
of volume over the forecast period.
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On the basis of application, the gourmet salts market is segmented into bakery and
confectionery, meat and poultry, seafood, sauces and savory, and desserts and frozen food;
among these, meat and poultry segment is expected to account for 30.2% share of the
global gourmet salts market by 2015 end. The segment is expected to expand at CAGRs of
7.5% and 6.9% in terms of value and volume respectively during the forecast period.
Increasing adoption of gourmet recipes at household levels is expected to drive the market
growth during the forecast period.
The report provides detailed information about various trends driving each segment and
offers analysis and insights about the potential of the gourmet salts market in specific
regions. On the basis of region, the gourmet salts market is segmented into seven regions;
among these, Western Europe is expected to dominate the market with 32.0% share by the
end of 2015. In terms of value, the market in the region is expected to register the highest
CAGR of 7.3% over the forecast and is projected to remain dominant by 2025. However, in
terms of volume, the North America market is expected to register the highest CAGR of 7.2%
over the forecast period.
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Key players in global gourmet salts market include Cargill, Incorporated, Morton Salt, Inc.
(K+S Aktiengesellschaft), SaltWorks, Inc., CK Life Sciences Int’l., (Holdings) Inc. (Cheetham
Salt Limited), Amagansett Sea Salt Co., Murray River Gourmet Salt, INFOSA, Pyramid Salt
Pty. Ltd. and The Marblehead Salt Co. LLC..
The global gourmet salts market is segmented as follows:
By Product Type:

Coarse salt

Flake Salt

Fleur de Sel
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
Indian black salt

Italian sea salt

Sel Gris sea salt

Smoked Sea Salt

Others
By Application Type

Bakery and Confectionery

Meat and Poultry

Seafood

Sauces and Savory

Desert and Frozen Food
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By region

North America

Latin America

Western Europe

Eastern Europe

Asia Pacific Excluding Japan

The Middle East and Africa

Japan
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Market History:
Salt is a crystalline inorganic mineral formed by the combination of two elements, namely,
sodium and chlorine. Gourmet salts are unrefined and high-quality salts used in exotic
cuisines to enhance taste, flavor, texture and appeal of food. These are available in different
sizes, colors and flavors, depending on the source of the salt. Moreover, these salts possess
better solubility and also have high mineral content. Generally salts are classified as
harvested and mined salt. Harvested salts are collected from sea water thorough
evaporation either by solar or vacuum techniques. Coarse salt, fleur de Sel, flake salt, sel
gris, Italian sea salt, and sea salt are some of the popular variants of harvested salts. Mined
salts are collected from salt mines using techniques such as crushing of large mineral rocks
containing salt to manageable sizes. These are then further screened and packaged as per
requirements. Table salt and Himalayan pink salt are most popular variants of mined salts.
The global gourmet salts market is anticipated to grow from US$ 1052.8 Mn in 2014 to US$
2194.8 Mn by 2025, expanding at a CAGR of 6.9% during the forecast period (2015–2025).
Increasing adoption of natural ingredients in food and rising penetration of gourmet cuisines
at household levels is driving the overall market growth. Rising popularity of cooking shows
and new product launches are attracting consumers towards use of gourmet salts.
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In 2014, the fleur de sel segment was valued at US$ 210.7 Mn, and is expected to account
for US$ 225.6 Mn by the end of 2015. The coarse salt segment was valued at US$ 196.4 Mn
in 2014, and is expected to reach US$ 210.7 Mn at the end of 2015.
In 2014, meat and poultry segment was valued at US$ 317.8 Mn and is expected to reach
US$ 340.2 Mn by the end of 2015. The segment is expected to register the highest CAGR of
7.5% over the forecast period, followed by the bakery and confectionery segment.
Key players in the global gourmet salts market include Cargill, Incorporated, Morton Salt, Inc.
(K+S Aktiengesellschaft), SaltWorks, Inc., CK Life Sciences Int’l., (Holdings) Inc. (Cheetham
Salt Limited), Amagansett Sea Salt Co., Murray River Gourmet Salt, INFOSA, Pyramid Salt
Pty. Ltd. and The Marblehead Salt Co. LLC. J.C. Peacock is the major distributor profiled in
this report.
Table XX: Global Gourmet Salts Market Value (US$ Mn) and Volume (tons)
Forecast By Application, 2014 – 2025
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research, custom research, and consulting services. PMR boasts market research expertise across the
Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages,
Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The
company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data
that precisely corresponds to clients’ business needs.
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Gourmet Salts Market - Global Market Study on Gourmet Salts to 2025

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