Global Gourmet Salts Market to Grow at a CAGR of 6.40% During 2022-2027, Aided by the Changing Consumer Taste Preferences

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.

Market Breakup by Type, Application, Distribution Channel, and Region:

• The market is divided, based on type, into Himalayan salt, flakey salt, Sel Gris or grey salt, and speciality salts, among others.
• On the basis of application, the market can be distributed into bakery and confectionery, meat and poultry, seafood, and sauces and savoury, among others. 
• Based on distribution channel, the market can be categorised into supermarkets and hypermarkets, convenience stores, and online, among others. 
• Region-wise, the global market for gourmet salts can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for gourmet salts is being driven by the rapid development of high-end restaurant chains and the growing preference for these salts over traditional table salt in fine foods.
• The rising urbanisation and globalisation have significantly contributed to the market expansion. 
• The changing consumer taste preferences and the rising health-consciousness are also aiding the market growth. 
• The rising disposable incomes and improved living standards of consumers are further propelling the growth of the market.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for gourmet salts for the periods (2017-2021) and (2022-2027). 
• The report also offers historical (2017-2021) and forecast (2022-2027) market information for the types, applications, distribution channels, and regions of gourmet salts.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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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