Gourmet Salts Market is anticipated to grow at a ~5.0% CAGR from 2019 to 2030
Market Industry Reports (MIR) has published a new report titled “Gourmet Salts Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global gourmet salt market is estimated to be over US$ 1,500 Mn in 2018. It is anticipated to grow at a ~5.0% CAGR from 2019 to 2030.
The continual growth of the gourmet salts market can be attributed to several factors which have led to increase in adoption of these salts which are extensively used by professional cooks in luxury hotels. Moreover, increasing demand for gourmet salts and advantages related to natural sea salts across the globe is anticipated to further contribute to the substantial growth of the global gourmet salts market between 2019 and 2030.
The increasing use of gourmet salts by professional cooks in food channels and cookery shows on television has led to an increase in awareness regarding the wide range of applications of gourmet salts. Nowadays, magazines also provide recipes of different cuisines, which may encourage consumers to use gourmet salts in the food. The rising number of gourmet restaurants globally have led to an increase in consumption of gourmet salts. These factors thus have anticipated propelling the gourmet salt market.
Rising demand for gourmet salts in the meat and seafood processing industry as it contains high minerals and helps in improving hydration, balance the bodys pH levels, encourage better sleep, support weight loss and hormone balance and more. These salts are also used for curing meat and seafood and enhancing their flavors. They have also been used as preservatives and curing agents for pickles and meat. Such factors are play a pivotal role in the growth of gourmet market.
Browse key industry insights spread across 180 pages with market data tables & figures & charts from the report, in detail along with the table of contents:https://www.marketindustryreports.com/gourmet-salts-market/174
Gourmet Salts are more expensive and there is lack of awareness about gourmet salts has been hindering the growth of the gourmet salt to a certain extent. These salts are more expensive because of the expenses involved for harvesting, packaging, merchandising, and marketing. Gourmet salts such as fleur de sel and sel gris are commonly hand-harvested, as they are more stable as compared to table salt, hence they are more expensive. The shipping cost of gourmet salt is high as it needs proper care and handling during transportation. Thereby it is one the reason for restraining the market growth.
Europe is estimated to witness the highest CAGR during the forecast period. It is the major producer and consumer of gourmet salts. Moreover, high demand for the processed foods is from countries such as Italy, Germany, Spain, and France is anticipated to present a lucrative growth scenario for the gourmet salt market in this region. Furthermore, growing demand for traditional cuisines with enhanced flavor has increased the demand for gourmet salt from the food & beverage manufacturers and food service industry.
Some of the prominent players in the global gourmet salts market include Morton Salt, Inc., SaltWorks, Cargill, Incorporate, Alaska Salt Co.., Pyramid Salt, Murray River Salt, K+S Aktiengesellschaft, Tata Chemicals Ltd., Gourmet Salts And Peppers, and CK Life Sciences Intl., (Holdings) Inc. among others.
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