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Pulished Date February, 2020
ID: 977
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Asia Pacific Gourmet Salt Market by Type (Sel Gris, Fleur De Sel, Himalayan Salt, Specialty Salt, Flake Salt), Application (Meat and Poultry Products, Bakery and Confectionery, Sauces and Vegetables, Seafood Products) and By Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) – Size, Share, Trends, Growth, Forecast (2020 – 2025)

Pulished: February, 2020
ID: 977
Pages: 135

Asia Pacific Gourmet Salt Market Growth and Forecast (2020-2025):

The Asia Pacific Gourmet Salt Market was worth US$ 258 million in 2020, and it is estimated that it will reach US$ 377 million by the end of 2025 with an annual expansion rate of 8% between 2020 and 2025.

Product Description:

Gourmet salt has a high mineral content and high solubility. Gourmet salt is a high-quality, unrefined salt that is used in many foods and dishes to add flavor, texture, and color. It is rich in minerals and gives food a unique flavor. It also gives food an exotic flavor and moisture. In addition to its nutritional value, gourmet salt is coveted for its rich and vibrant color. It is a high-quality salt that is commonly used in cooking to enhance the taste and appeal of food. It can be added to other types of spices and herbs to enhance the flavor and color of the spices. Gourmet salt is used for a variety of purposes, including baking, seafood, salty foods, confectionery, and poultry. It is used to preserve canned food to increase shelf life. Gourmet chefs use this salt to add sophistication and enhance the sensory properties of the dish. Gourmet salt is also used to improve the texture and flavor of food. When gourmet salt is mixed with various substances such as herbs, spices and spices, the color and taste of the food will always change.

Asia Pacific Gourmet Salt Market Growth:

The increasing demand for traditional flavored dishes has led to an increase in demand for gourmet salt from food and beverage manufacturers and the foodservice industry.

Drivers:

Increasing demand from the food and beverage and catering industries is expected to drive the Asia Pacific gourmet salt market during the forecast period. Asia Pacific demand is expected to experience high growth in the future due to positive characteristics such as color, improved taste of food, rich appearance of food, unique taste and pleasant aroma. They are hand-harvested and unrefined sea salt that gives food a rich texture. This use is expected to drive the growth of the Asia Pacific gourmet salt industry in the near future. Gourmet salt also applies to dressings and condiments. Widely used in food canning and pickling applications as a preservative to increase shelf life. The increase in applications in multiple end-user segments is another important factor driving the growth of the Asia Pacific industry during the outlook period. Gourmet salt dissolves quickly, is rich in minerals, and drives the market by giving food an exotic flavor. The increasing popularity of organic foods, increasing urbanization and rapid westernization are factors driving the growth of the global market for gourmet salt. Increased health awareness and a higher incidence of health disorders caused by high levels of sodium in the body are expected to drive market growth. The driving usage of gourmet salt in foods such as pickles to increase the food life is driving the Asia Pacific gourmet salt market. The industry is constantly looking to launch innovative products and adopt new strategies to increase market revenue. Additionally, gourmet salt is used to maintain the moisture content of the product.

Besides, the high mineral content in gourmet salt is beneficial to health, and the growing demand for traditional dishes is another important factor that is expected to drive the growth of the Asia Pacific gourmet salt market. Gourmet salt is rich in minerals and has a lower sodium content compared to traditional table salt. The growing awareness of the health benefits and nutritional content of gourmet salt has led a large proportion of consumers to prefer gourmet salt. Gourmet meals have become a status symbol. There is an increasing use of gourmet salt as a preservative in food canning and pickling applications. The use of exotic gourmet salt, brought from remote parts of the world, has gained popularity. The rise of gourmet and high demand for gourmets has led to a significant increase in demand for gourmet ingredients like gourmet salt and gourmet seasonings. Gourmet salt is popular not only with foodies, but also with beginners. The perception of gourmet salt among the public through gastronomic and culinary programs and social media is expected to drive the growth of the APAC gourmet salt market in the forecast period.

Restraints:

Factors such as low adoption of natural salts, high cost, and limited product availability is expected to slow market growth. Lack of awareness among consumers and rising prices for gourmet salt products are expected to hamper the growth of the Asia Pacific gourmet salt market during the outlook period. The cost for the production is higher than the traditional salt this is mainly because gourmet salt requires proper care during the transportation. Gourmet salt is limited due to its small-scale production. As a result, the costs of collection, processing, labeling, marketing and transportation are higher, the prices of the products are much higher than those of conventional salt. Gourmet salt is expensive due to its mineral content, color, unique and attractive taste that adds value to the dish. The price also depends on the typical sauces and the fact that they are hand-picked in exotic places. This may hamper the growth of the Asia Pacific gourmet salt market outlook.

Asia Pacific Gourmet Salt Market Segmentation Analysis:

By product, the Asia Pacific gourmet salt market is divided into Sel Gris, Fleur De Sel, flake salt, cellular fat, Himalayan salt, and specialty salt. Fleur De Sel accounted for more than 35% of the gourmet salt market share in 2019. The wide applicability of salad dishes, grilled meat and vegetables will support the demand for products. Due to its exotic taste, high mineral content, better solubility and moisture, this product is widely used as a bakery product for caramel, bread and chocolate seasonings. Sel Gris will grow with a considerable CAGR of more than 8% by 2025. Sel Gris does not extract moisture from foods such as meat and vegetable seasonings, making it more suitable for healthier foods.

By application, the Asia Pacific gourmet salt market is segmented into bakery and confectionery, meats and sea poultry, sauces and flavors. Meat and poultry processing applications will exceed $ 500 million by 2024, where meat consumption is expected to increase, resulting in an increase in disposable income and a focus on healthy lifestyle for years to come. The great potential for meat processing and preserving canned meats, hams, roasts, meatballs and fish will benefit the growth of the gourmet salt market. It has been observed that bakery and confectionery will be the fastest-growing application field by 2025 with an average annual growth rate of more than 8.5%, which is widely recognized in the confectionery and confectionery sector by improving taste, aroma, unique appearance, color and aromatic properties of foods.

Regional Analysis:

Geographically, the Asia Pacific Gourmet Salt Market is divided into China, India, Japan, Singapore, Korea, Australia, New Zealand, and other countries. The Asia Pacific region is expected to experience significant growth in the coming years, driven by health-conscious behaviors with emerging economies, rising living standards, increasing demand for processed foods, and industry development. of food and beverages. South Asia and East Asia are expected to show higher growth rates compared to other regions. With increasing urbanization and changes in consumer lifestyles, the demand for exotic foods is increasing and the need for gourmet salt is effectively increasing. Additionally, the growing trend and popularity of gourmet kitchens and restaurants is expected to revitalize the APAC gourmet salt market. Despite their low share of the global gourmet salt market, South and East Asia Pacific will be new target markets for gourmet salt manufacturers during the forecast period.

Key Players in the Market:

Major Key Players in the APAC Gourmet Salt Market are

  • Infosa
  • Cargill
  • Mortan
  • Maldon Crystal
  • San Francisco Saltsworks
  • Amagansett
  • Murray River
  • Alaska
  • Pyramid
  • Devonshire

 

1. Introduction                         

          1.1 Market Definition                

          1.2 Scope of the report             

          1.3 Study Assumptions             

          1.4 Base Currency, Base Year and Forecast Periods            

2. Research Methodology                    

          2.1 Analysis Design                  

          2.2 Research Phases                 

                   2.2.1 Secondary Research

                   2.2.2 Primary Research    

                   2.2.3 Data Modelling       

                   2.2.4 Expert Validation    

          2.3 Study Timeline          

3. Report Overview                   

          3.1 Executive Summary             

          3.2 Key Inferencees                  

4. Market Dynamics                            

          4.1 Impact Analysis                  

                   4.1.1 Drivers         

                   4.1.2 Restaints     

                   4.1.3 Opportunities         

          4.2 Regulatory Environment                

          4.3 Technology Timeline & Recent Trends               

5. Competitor Benchmarking Analysis                     

          5.1 Key Player Benchmarking               

                   5.1.1 Market share analysis       

                   5.1.2 Products/Service    

                   5.1.3 Regional Presence   

          5.2 Mergers & Acquistion Landscape             

          5.3 Joint Ventures & Collaborations               

6. Market Segmentation                      

          6.1 Gourmet Salt Market, By Type                 

                   6.1.1 Fleur De Sel  

                   6.1.2 Sel Gris        

                   6.1.3 Himalayan Salt       

                   6.1.4 Flake Salt     

                   6.1.5 Specialty Salt

                   6.1.6 Market Size Estimations & Forecasts (2020-2025)   

                   6.1.7 Y-o-Y Growth Rate Analysis       

                   6.1.8 Market Attractiveness Index       

          6.2 Gourmet Salt Market, By Application                  

                   6.2.1 Bakery & Confectionery    

                   6.2.2 Meat & Poultry Products   

                   6.2.3 Seafood Products   

                   6.2.4 Sauces & Savory     

                   6.2.5 Market Size Estimations & Forecasts (2020-2025)   

                   6.2.6 Y-o-Y Growth Rate Analysis       

                   6.2.7 Market Attractiveness Index       

7. Geographical Landscape                            

          7.1 Regional Identity Governance and Administration Market, by Region           

          7.2 Asia Pacific - Market Analysis (2020 - 2025)              

                   7.2.1 By Country   

                             7.2.1.1 China

                             7.2.1.2 India

                             7.2.1.3 Japan

                             7.2.1.4 South Korea

                             7.2.1.5 South East Asia

                             7.2.1.6 Australia & NZ

                             7.2.1.7 Rest of Asia-Pacific

                   7.4.2 By Type       

                   7.4.3 By Application        

8. Key Player Analysis                         

          8.1 Morton Salt, Inc                  

                   8.1.1 Business Description        

                   8.1.2 Products/Service    

                   8.1.3 Financials     

                   8.1.4 SWOT Analysis       

                   8.1.5 Recent Developments       

                   8.1.6 Analyst Overview    

          8.2 Saltworks, Inc.          

          8.3 Cargill, Inc                

          8.4 Murray River Salt                 

          8.5 Alaska Pure Sea Salt Co                 

          8.6 Amagansett Sea Salt Co                 

          8.7 Kalahari Pristine Salt Worx,            

          8.8 Maldon Crystal Salt Co                  

9. Market Outlook & Investment Opportunities                            

Appendix                        

          List of Tables                  

          List of Figures                 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The Segment-level analysis in terms of By Type, Application and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

 

 

  1. Asia Pacific Gourmet Salt Market By Type, From 2020-2025 ( USD Billion )
  2. Asia Pacific Fleur De Sel Market By Region, From 2020-2025 ( USD Billion )
  3. Asia Pacific Sel Gris Market By Region, From 2020-2025 ( USD Billion )
  4. Asia Pacific Himalayan Salt Market By Region, From 2020-2025 ( USD Billion )
  5. Asia Pacific Flake Salt Market By Region, From 2020-2025 ( USD Billion )
  6. Asia Pacific Specialty Salt Market By Region, From 2020-2025 ( USD Billion )
  7. Asia Pacific Gourmet Salt Market By Application, From 2020-2025 ( USD Billion )
  8. Asia Pacific Bakery & Confectionery Market By Region, From 2020-2025 ( USD Billion )
  9. Asia Pacific Meat & Poultry Products Market By Region, From 2020-2025 ( USD Billion )
  10. Asia Pacific Seafood Products Market By Region, From 2020-2025 ( USD Billion )
  11. Asia Pacific Sauces & Savory Market By Region, From 2020-2025 ( USD Billion )
  12. Japan Gourmet Salt Market By Type, From 2020-2025 ( USD Billion )
  13. Japan Gourmet Salt Market By Application, From 2020-2025 ( USD Billion )
  14. China Gourmet Salt Market By Type, From 2020-2025 ( USD Billion )
  15. China Gourmet Salt Market By Application, From 2020-2025 ( USD Billion )
  16. India Gourmet Salt Market By Type, From 2020-2025 ( USD Billion )
  17. India Gourmet Salt Market By Application, From 2020-2025 ( USD Billion )
  18. Australia Gourmet Salt Market By Type, From 2020-2025 ( USD Billion )
  19. Australia Gourmet Salt Market By Application, From 2020-2025 ( USD Billion )
  20. South Korea Gourmet Salt Market By Type, From 2020-2025 ( USD Billion )
  21. South Korea Gourmet Salt Market By Application, From 2020-2025 ( USD Billion )

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