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Gourmet Salts Market Analysis

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Title: Gourmet Salts Market Analysis


1
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GOURMET SALTS MARKET ANALYSIS
  • Gourmet Salts Market, By Product Type (Sel Gris,
    Smoked Sea Salt, Indian Black Salt, Flake Salt,
    Fleur de Sel, Italian Sea Salt, Coarse salt,
    Others (Himalayan Pink salt and Specialty
    flavoured salt)), By Application (Bakery
    Confectionery, Meat Poultry, Seafood, Sauces
    Savoury, Desserts Frozen Food), and By Region
    (North America, Europe, Latin America, Asia
    Pacific, Middle East Africa) - Size, Share,
    Outlook, and Opportunity Analysis, 2019 - 2027

3
  • Gourmet salt is untreated salt that is harvested
    naturally and has extra taste and flavor as
    compared to other salts. It is high-quality salt
    commonly used to cook food as it enhances the
    taste and texture of food. Gourmet salt has a
    high level of mineral content and improved
    solubility property. This salt is also used to
    preserve canned food items in order to enhance
    the shelf-life of the product. Moreover, gourmet
    salt is also used to prepared pickle as it helps
    to hold back moisture content of the food product
    and also used in the preparation of dressings and
    seasoning as they have exotic flavor.
  • The global gourmet salts market is projected to
    surpass US 3.2 billion by the end of 2027, in
    terms of revenue, growing at CAGR of 10.6 during
    the forecast period (2019 to 2027).
  • Drivers
  • Increasing focus of gourmet salts manufacturers
    to introduce clean-label specialty ingredients
    for various food application is expected to
    foster the market growth of Gourmet salts over
    the forecast period. For instance, in February
    2015, Salt of the Earth Ltd. launched Umami
    Essence Sea Salt ingredient for sauces, pizza
    toppings, salad dressings, Bolognese-style meat
    sauces, lasagna and other products. This would
    help food scientists to develop reduced-sodium
    recipes containing only natural ingredients and
    enables clean labeling without added MSG.

4
  • Market Restraints
  • Lower shelf-life of the gourmet salts as they are
    infused, smoked and natural fresh product,
    compared to other sea salts is anticipated to
    restrict the market growth of gourmet salts over
    the forecast period. These salts have a delicate
    flavor and hence, flavor retention for long
    durations is expected to restrain the market
    growth of gourmet salts.
  • The high cost of the machinery and labor cost is
    also projected to hamper the market growth of
    gourmet salts. Moreover, the lack of awareness
    regarding the health benefits of gourmet salts
    among the developing region is further
    anticipated to hinder the market growth over the
    forecast period. Furthermore, due to its
    expensiveness manufacturers are opting for
    conventional salts which are expected to affect
    the demand for gourmet salts, in turn hindering
    the market growth of gourmet salts.

5
Figure 1. Global Gourmet Salts Market, Revenue
Share (), By Region, 2018
6
  • Market Opportunities
  • Rising focus of manufacturers to introduce
    attractive packaging for gourmet salts is
    expected to foster the market growth over
    the forecast period. For instance, in January
    2017, SaltWorks introduced three new retail-ready
    packaging styles for its reimagined gourmet and
    specialty sea salt brand, Artisan Salt Company.
    The company showcased the new packaging at the
    Winter Fancy Food Show, which takes place in San
    Francisco, CA from January 22 to January 24.
  • Growing demand for smoked sea salts which are
    produced by the natural smoking method that uses
    real wood fires to infuse the salt crystals with
    natural smoke. For instance, in March 2015,
    Hollywood Farmers Market added Spice Alleya new
    extension of the market devoted to spices and
    gourmet sea salts. Vendors such as Hepps Salt Co
    would offer exotic selections of gourmet salts
    that include Smoked Salts, Natural Blends,
    Cooking Salts and Finishing Salts.

7
Figure 2. Global Micellar Casein Market
Opportunity Analysis
8
  • Market Trends/Key Takeaways
  • Growing usage of Indian black salt, which is also
    known as Kala Namak, is an untreated mineral salt
    with strong sulfuric flavor and aroma is also
    expected to propel the market growth of gourmet
    salts. Indian black salt is mainly used in
    dressing for Indian savory dishes and is also
    used to prepare salads. In March 2015, StyleCraze
    published an article about various health
    benefits of using Indian black salt in food. The
    salt offers a cure for high blood pressure,
    treatment of arthritis and also offers other hair
    and skin benefits.
  • Growing demand for coarse salt as it has large
    grains, low moisture sensitivity, and is ideal
    for grinders. This factor is anticipated to
    propel the market growth of gourmet salts over
    the forecast period. In order to meet the rising
    demand for Coarse Salt, the various manufacturer
    are launching innovation in the salt. For
    instance, in March 2015, Burbank, CA launched a
    new product called the dual salt grinder and
    pepper mill for coarse salt grinding to get the
    desired size grain size.

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Figure 3. Global Gourmet Salts Market, Revenue
Share (), By Application, in 2018
10
  • On the basis of application, in 2018, meat
    poultry segment accounted the largest market
    share of 31 in terms of revenue, followed by
    bakery confectionary and desserts frozen
    food, respectively.
  • Competitive Section
  • Key players active in the global gourmet salts
    are J.C.Peacock, The Meadow, SeaSalt Superstore
    LLC, The Savory Pantry, Evolution Salt Co., and
    HEPP'S Salt C.

11
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12
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