The Global Gourmet Salt Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Global Gourmet Salt Market is estimated to be USD 1163.67 million in 2018 and predicted to rise to USD 1598.07 million with a CAGR of 6.55% by 2023. The market is segmented by Type (Fleur de Sel, Sel Gris, Himalayan Salt, Flake Salt, Specialty Salt), by Application (Bakery & Confectionery, Meat & Poultry Products, Seafood Products, Sauces & Savory). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The market growth for gourmet salts is mainly driven due to increasing demand in food & beverage and food service industries, increasing popularity of culinary shows aired on TV channels, and benefits over commercial salt, which is driving the demand from health conscious consumers. But, the market growth can be hampered due to high cost of processing and packing of these salts, along with lack of consumer awareness which is still prevailing.
Global market for Gourmet salt is segmented based on type, source, and application. By type, the market is further sub-segmented into Fleur de Sel, Sel Gris, Himalayan Salt, Flake Salt, Specialty Salt. By application, the market is further sub-segmented into Bakery & Confectionery, Meat & Poultry Products, Seafood Products, Sauces & Savory. Fleur de sel is the dominating segment, followed by other gourmet salts by type. On the basis of application, bakery and confectionary segment is expected to contribute maximum revenue to the overall gourmet salts market.
Geographically, Global market for Gourmet salt is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. Europe was the biggest product consumer as well as manufacturer on account of huge processed food demand, and is hence, the largest market for gourmet salt in the globe. North America and Asia-Pacific is expected to witness highest growth owing to factors like economic developments and expansion of companies in this region.
Morton Salt, Inc., Saltworks, Inc., 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., are the major players of Global Gourmet salt market.
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