Market.Biz Leading Research Firm has added latest report on “Global Gourmet Salts Market: Western Europe to Witness Highest Growth By 2025″. 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.
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.
Gourmet salts are untreated, hand harvested salts with low sodium content and without additives. These salts are used to add profligacy, flavor and dressing to food products. Gourmet salts have better solubility, exotic flavor, moisture and superior mineral content.
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To understand and assess the opportunities in this market, the report is categorically split into three sections, namely, market analysis by product, application, and region. The report analyzes the global gourmet salts market in terms of market value (US$ Mn) and volume (tons).
The report starts with an overview of the global gourmet salts market and usage of these salts in various applications across the globe. In the same section, PMR covers the global gourmet salts market performance in terms of revenue and consumption. This section includes PMR’s analysis of key trends, drivers, and restraints from supply and demand perspectives. Impact analysis of key growth drivers and restraints, based on the weighted average model, is included in this report to better equip clients with crystal clear decision-making insights.
Rising viewership of cookery shows and competitions is increasing popularity of fancy and exotic cooking styles that use specialty ingredients such as gourmet salts. Gourmet salt manufacturers can tie up with popular cooking channels and shows to promote their products. Also, manufacturers can promote their products at various food exhibitions held worldwide in order to enhance product visibility. These factors are driving the overall gourmet salts market growth.
The next section of the report analyzes the market on the basis of application and presents the market size in terms of value and volume for the forecast period (2015 – 2025).
The gourmet salts market is segmented as follows:
By product type
By application type
The next section of the report analyzes the market on the basis of product types and presents the market size in terms of value and volume for the forecast period.
On the basis of product type the market is segmented into:
Fleur de Sel
Indian black salt
Italian sea salt
Sel Gris sea salt
Smoked Sea Salt
Others (Himalayan pink salts and specialty flavoured salts)
Of these, the fleur de sel accounted for 19.9% share of the overall gourmet salts market in 2014, followed by coarse salts. The gourmet salts market is mainly driven by factors such as increasing urbanization and growing westernization, adoption of convenience food and rising popularity of live cooking shows. On the other hand, growing health awareness is influencing consumer preference towards natural and healthy food.
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The section that follows analyzes the market on the basis of application and presents the market size in terms of value and volume for the forecast period.
On the basis of application the market is segment as follows:
Bakery and Confectionery
Meat and Poultry
Sauces and Savory
Desert and Frozen Food
Of the aforementioned segments, the bakery and confectionery segment is expected to expand at the highest CAGR of 7.5% during the forecast period. However, the meat and poultry segment is expected to dominate the gourmet salts market in terms of share contribution, accounting for 31.9% share of the overall market by 2025. Manufacturers and distributors are focused towards launching various types of specialty gourmet salts to enhance their brand visibility. For instance, In September 2014, Salt House, a sister company to J.C. Peacock and Co. Ltd. launched a new range of gourmet salts, including Himalayan pink salt and Hawaiian black lava salt.
Key players in global gourmet salts market:
3. Morton Salt, Inc.
4. (K+S Aktiengesellschaft).
5. SaltWorks, Inc.
6. CK Life Sciences Int’l., (Holdings) Inc.
7. (Cheetham Salt Limited).
8. Amagansett Sea Salt Co.
9. Murray River Gourmet Salt.
10. INFOSA, Pyramid Salt Pty. Ltd.
11. The Marblehead Salt Co. LLC.
Major distributors profiled in this reports:
1. J.C. Peacock.
2. The Meadow (Bitterman and Sons, Inc.).
3. SeaSalt Superstore LLC.
4. The Savory Pantry.
5. Evolution Salt Co.
6. HEPP’S Salt CO.