Increasing demand in food & beverage and food service industries is expected to drive global gourmet salt market over the forecast period. They are unrefined sea salts which are hand harvested and give rich texture to food. On account of its positive properties such as enhancing food taste, color, distinct flavor, enriching food appearance and pleasant aroma, global demand is expected to witness high growth in the coming years.
They are widely used in food pickling and canning applications as a preservative to increase their shelf-life. At the same time, it is also helpful in holding moisture content of the products. Such uses are expected to drive global gourmet salt industry growth over the foreseeable future. Gourmet salt also finds its application in dressing and seasoning.
On account of low sodium content, these products are expected to emerge as a preferable product over normal table salts owing to associated health benefits. Flake, Himalayan, Fleur De Sel and Sel Gris are key product types having unique flavors on account of its different chemical composition and variations in crystal’s shape and size.
Fleur De Sel is majorly used in salads, vegetable dishes and roasted meat. They have exotic flavor, better solubility, high mineral content and better moisture. Developing demand in traditional cuisines and by professional cooks is expected to propel overall global gourmet salt industry growth over the forecast period.
In luxury hotels, high retailer profit margins and health benefits over normal table salt are the various factors which are expected to uplift the global gourmet salt market in the coming years. Gourmet salt can also be infused in multiple flavors including paprika, herbs, onion, chili, garlic and pepper according to the end-user specifications.
Rising gourmet restaurants across the globe is expected to establish as key opportunity for the global industry growth. Growing cookery and food shows are also expected to establish as growth prospect over the foreseeable future. Lack of awareness coupled with high production cost is the major factors which are expected to impede the global industry over the foreseeable future.
High cost involved during its harvesting followed by processing, packaging, labeling and marketing is expected to further restrain global gourmet salt market over the forecast period. Global market is segmented on the basis of product and application. Product segment includes commercial produced.
Commercially produced end use products further include Sel Gris, Flake, Himalayan, Fleur De Sel, and specialty products. Specialty is further segmented into smoked and flavored whereas other includes Italian sea and Hawaiian. Application segment is segmented into meat & poultry products, sauces & savories, bakery & confectionery products and seafood products.
The global gourmet salt market also depends on the product availability in various regions. Europe was the biggest product consumer as well as manufacturer on account of huge processed food demand from European countries including Germany, France, Spain and Italy.
Asia Pacific is expected to witness significant growth in coming years owing to emerging economies, uplifting living standards, surging demand for processed food, health consciousness behavior coupled with development in food and beverage industries.
North America is expected to be the fastest growing market over the forecast period on account of changing consumer preferences coupled with stringent food regulations in the region mainly in U.S. Global market is highly fragmented in nature. Key players dominating global gourmet salt industry include Murray River Gourmet Salt, Infosa, Cargill, Inc., Alaska Pure, Cheetham Salt Ltd., Pyramid Salt Pty. Ltd., Maldon Crystal Salt Co. and Amagansett Sea Salt Co.
Companies are expected to expand their business in Asia Pacific and North America as these regions are expected to witness high demand over the forecasted period. Large scale producers are expected to enter into M&A and joint venture agreements with SMEs as an entry strategy for uncharted markets.
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