Gourmet Salt Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Gourmet Salt Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Global gourmet salt market is projected to grow at a CAGR of 6.61% during the forecast period (2020-2025).

Key Highlights

• The cosmopolitan culture has created a demand for traditional cuisines in the metros, and this has subsequently led to the increased application of gourmet salts. This is because of its particular flavor that can incorporate a ting of traditional flavor and aroma in foods. These salts have also gained popularity among professional chefs in luxury hotels.
• Gourmet salts also boast of high-profit margins to the retailers, owing to is easy availability and cost effective maufactring, acting as a driver for the market. The cost of expensive as compared to conventional salt and the lack of awareness in developing countries about this salt, are major constraints to the market.
• The increase in the number of gourmet restaurants during the past five years, globally, is positively influencing the gourmet salt market.

Key Market TrendsGrowing Demand From Food Service Industry

The food service industry in developed economies, like United States, has quickly adopted to the market, considering the demand of gourmet cuisine. This is because gourmet is an industry classification for high-quality premium foods in the United States, which, in turn, is also influencing the demand of gourmet salt. Moreover, globalization and the strong influence of westernization in emerging countries are boosting the demand for foreign cuisine, such as Italian and French food, which requires special flavors salts. The market for gourmet flavored salts made from all natural ingredients is also growing. Gourmet salts are becoming vital ingredients for all types of cuisines, especially in luxury restaurants, as each kind of gourmet salts have its own specific functionality and provide specific taste and texture to the food.

Europe Dominates the Market

Global gourmet salts market is expected to witness strong growth during the forecasted period owing to the rising awareness among consumers related to changing food or cuisine preferences among consumers. Europe is expected to witness significant growth in the gourmet salts market and contribute maximum market share, followed by North America and Asia Pacific over the forecasted period. However, North America is expected to experience fast growth owing to the high disposable income of the consumers, which results in buying patterns for products rich in gourmet salt as these products are expensive in nature.

Competitive Landscape

Some of the major key players in the global gourmet salt market, globally includes Cargill, Alaska Pure, Sea Salt Co., Amagansett Sea Salt Co., Kalahari Pristine Salt Worx, and Morton Salt amongst others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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