The Europe Gourmet salt market was estimated at US$ 414.12 million in 2020 and is expected to reach US$ 548.12 million by 2025, expanding at a compound annual growth rate of around 5.80% during the forecast period from 2020 to 2025.
Gourmet salts are unrefined, high-quality salts that are used in exotic kitchens to improve the taste, texture and appeal of food. They are also used to store canned food products to keep food longer. These salts, due to their high storage characteristics, find their application in the meat and seafood processing industry.
They are naturally refined unrefined salts (mainly sea salts) with relatively less sodium content and zero additives. Due to increasing exposure to media and mounting globalization, people are becoming more aware of different cuisines and are more open to experimenting with food. Using gourmet salt, the chefs improvise in the recipes, improve the organoleptic qualities and therefore increase the attractiveness. The growing demand for traditional kitchens with improved flavor has increased the demand for gourmet salt from food and beverage manufacturers and the foodservice industry.
Increased demand in the food and beverage and food service industries is expected to stimulate the European gourmet salt market over the forecast period. These are unrefined sea salts that are harvested by hand and give a rich texture to the food. Due to its positive properties, such as improved food taste, color, distinctive flavor, enriching aspect of food and pleasant aroma, regional demand is expected to grow strongly in years to come.
They are widely used in canned food applications as preservatives to increase their shelf life. At the same time, it is also useful for maintaining the moisture content of the products. These uses are likely to drive European industry growth over the foreseeable future. Gourmet salt also finds its application in dressings and condiments.
The gourmet salt market is mainly driven by the growth of cooking and food fairs, as well as by the increase in gourmet restaurants in and around Europe. In addition, the rising standard of living of consumers and the increasing commercialization of the food industry are stimulating market growth. The tourism industry across Europe has skyrocketed in recent years, resulting in a greater number of hotels and restaurants. Several food service restaurants in the region are moving towards gourmet salt based on their health benefits compared to conventional salts.
The high sodium levels in typical salt results in health ailments like obesity, high blood pressure, diabetes and others. Gourmet salts offer a perfect solution to this by providing limited sodium content, which does not burden the human body. This aspect is anticipated to act as a determinant for the demand of gourmet salt in the coming years, increasing market opportunities for the companies operating in this business.
However, market growth may be limited due to the high price associated with gourmet salts compared to conventional salts, owing to the high cost involved in the harvest. The high costs involved in harvesting, followed by processing, packaging, labeling and marketing are expected to restrict the Europe gourmet salt market during the forecast period further.
The European gourmet salt market is segmented according to type and application.
By type, the regional market is still sub-segmented in Fleur de Sel, Gray salt, Himalayan salt, Flake salt, Specialty salt. Fleur de Sel segment has a higher demand compared to other types, attributing to its applications in vegetable foods, salads, roasted meat and others. Increasing demand for high mineral content, exceptional flavor, more solubility and other aspects are likely to drive the need for this sector in Europe in the foreseen years.
By application, the European gourmet salts market is segmented as bakery and confectionery, meat and poultry products, seafood, sauces and savory. Among these applications, the bakery and confectionery segment is predicted to contribute the maximum revenues for the entire gourmet salt market in Europe. The increased consumption of meat and seafood is also estimated to create massive growth potential for the adoption of gourmet salts in the European nations.
Geographically, the European gourmet salt market is segmented into nations like Germany, the United Kingdom, Spain, France and Italy. Europe is the largest consumer of these items, as well as the manufacturer due to the high demand for processed food products and, therefore, is the largest gourmet salt market in the world. European market players focus mainly on expanding their consumer base by investing more in R&D and introducing new products.
Key Players in the Europe Gourmet Salt market are
These are a few of the prominent players in the gourmet salt market in Europe. The increase in technological innovations and the development of new products combined with attractive packaging are stimulating demand for gourmet salt across the European regions.
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
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 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 (2019-2024)
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 (2019-2024)
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
7.2.1 By Country
126.96.36.199 Rest of Europe
7.2.2 By Type
7.2.3 By Application
8. Key Player Analysis
8.1 Morton Salt, Inc
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Saltworks, Inc.
8.3 Murray River Gourmet Salt
8.5 Cargill, Inc.
8.6 Alaska Pure
8.7 Cheetham Salt Ltd.
8.8 Pyramid Salt Pty. Ltd.
8.9 Maldon Crystal Salt Co.
8.10 Amagansett Sea Salt Co.
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures