The global market for gourmet salts is being driven by the expansion of high-end restaurant chains worldwide, fuelled by the growing consumer demand for exotic and delicious food options. Gourmet salts are widely being adopted as a flavouring and seasoning agent across restaurants to enhance the flavours and finish of foods. The rising focus on the adoption of premium quality ingredients in the food and beverage sector has been aiding the market growth. Moreover, the growing awareness pertaining to the health benefits of gourmet salts is expected to further drive the demand for the product in various cooking applications. This trend is expected to be supported by the rising disposable incomes, improved living standards, and growing globalisation.
There is expected to be a rise in the demand for innovative flavours and creative recipes among consumers in the forecast period. This can be attributed to the rising youth population and their increased preference for new and diverse food options. The emerging working population with an enhanced purchasing power is also estimated to positively impact the market growth in the coming years. In addition, the rising consumer preference for utilising online purchasing channels for grocery shopping is anticipated to bode well for the market. A range of gourmet salts is available on online stores such as Amazon (NASDAQ: AMZN) at a variety of price points. Consumers can compare and conveniently order products, which are delivered at their doorstep. These factors are expected to positively impact the market for gourmet salts in the forecast period.
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The major players in the global gourmet salts market are Cargill Inc., Pyramid Salt Pty. Ltd., Maldon Crystal Salt Company Ltd., Saltworks Inc., Infosa, and Cheetham Salt Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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