Global Gourmet Salt Market 2017-2021

Overview of the global gourmet salt market

Research analysis on the global gourmet salt market identifies that the rising number of gourmet restaurants will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of more than 6% by 2021. Popular global gourmet restaurants provide authentic cuisines from different parts of the world such as Japan, Mexico, and France. Moreover, the extensive use of gourmet salts by chefs has increased the popularity of gourmet salts across the world. Dishes such as handmade orecchiette, caputi pasta, braid pasta, Tartufo ice-cream, laksa, rendangs, tuna tataki, baked unagi, and vegetable sukiyaki are prepared with the gourmet salts. Additionally, gourmet salts are also sprinkled over latte and ice creams.

The introduction of flavored gourmet salts is one of the latest trends that will contribute to the growth of this market in the forthcoming years. SaltWorks already provides an all-natural chain of sea salt flavors. The products offered by the company include black truffle salt, chipotle salt, espresso salt, ghost pepper salt, habanero salt, lemon salt, lime salt, matcha salt, and garlic salt.

Competitive landscape and key vendors  

Owing to the presence of large global players with huge production facilities, the gourmet salt market is largely a concentrated one. The manufacturers compete based on price, product innovations, and quality. Product differentiation is vital for vendors to sustain in this competitive market. The rise in economic development will also aid the growth of the manufacturers in the gourmet salt market.

The leading vendors in the market are ?

• Cargill
• SAN FRANSISCO SALT COMPANY
• Saltworks
• Morton Salt
• Devonshire Gourmet salts

The other prominent vendors in the market are Alaska Pure Sea Salt Company, AMAGANSETT SEA SALT, Cheetham Salt, Cornish Sea Salt, GOURMET SPICE, Maldon Crystal Salt, Murray River Salt, INFOSA, Uncle Roy's, and Verstegen Spices and Sauces.

Segmentation by application and analysis of the gourmet salt market

• Bakery and confectionary products
• Meat and poultry products
• Seafood products

During 2016, the bakery and confectionary products segment accounted for the major shares of the gourmet salt market. The numerous applications of sea salts and the increasing usage of gourmet salts like Fleur de sel in bakery and confectionary products, will contribute to the growth of the market in this industry segment in the coming years.

Geographical segmentation and analysis of the gourmet salt market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the gourmet salt market throughout the forecast period. Factors such as the increasing usage of gourmet salts in traditional European cuisines and the availability of different varieties, will drive the growth of the market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global gourmet salt market?
• What are the key market trends impacting the growth of the global gourmet salt market?
• What are the challenges to market growth?
• Who are the key vendors in the global gourmet salt market?
• What are the market opportunities and threats faced by the vendors in the global gourmet salt market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global gourmet salt market?

Technavio also offers customization on reports based on specific client requirement.