The Gourmet Salt Market is estimated to reach $463.4 million by 2028, growing at a CAGR of 6.7% over the forecast period 2023-2028. Gourmet salts are rich in potassium, magnesium and calcium, which can brighten, fortify and even help to reduce skin inflammation. Gourmet salt is a specialty salt that can help with a variety of skin issues, including acne and dry & flaky skin. According to the American Academy of Dermatology Association, up to 50 million Americans have acne each year, making it the most prevalent skin condition in the country. Gourmet salt scrubs are a terrific way to exfoliate not only the face but also the body, just like sugar scrubs and other exfoliants. The coarseness of the Gourmet salt can help remove dead, dull skin, keeping the face radiant and attractive. Gourmet salt contains calcium, magnesium and potassium, which are all powerful hydrators and can help to hydrate and tighten the skin. Sel Gris has a number of unique qualities, including its moistness (13% residual moisture) and small levels of therapeutic minerals. These factors are driving the growth of the Gourmet Salt market. 

Gourmet Salt Market Drivers

Application of Gourmet Salts as a Preservative in Food Pickling and Canning to Extend Storability:

The number of minerals, fat-soluble vitamins, protein, fat and carbs is mostly unaffected by the canning process, which maintains a variety of nutrients in food. This produces food that is equally nutritional as fresh and frozen meals. Fruits and vegetables, fish and other seafood are canned when they are at their freshest or ripest. According to an article published on American Diet, nearly 70% of American diets consist of processed foods. To preserve canned foods and increase storage life, gourmet salt is added. Salt was originally gathered, used and traded very early on for its characteristics and flavor. Salt harvesting has been documented going all the way back to the Neolithic and it has been increasingly important for food preservation over time. One of the most often used gourmet salts is fleur de sel, which is used in salads, grilled meat dishes and vegetable dishes. Gourmet Salt is also used to preserve canned food so that it lasts longer and keeps the food from losing moisture.

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Rising Prevalence of Cardiovascular Diseases:

According to a study by the Registrar General of India and the Indian Council of Medical Research, cardiovascular diseases (CVDs), the leading cause of mortality worldwide, claim up to 17.9 million lives annually. Cardiovascular disease risk can be lowered by consuming less salt, even just 1 gram less each day. As per experts, cutting back on their daily salt intake can be challenging, but consumers can start by consuming fewer restaurant and processed foods and replacing them with lean meats, whole food and food high in potassium. Gourmet Salt can help reduce the risk of high blood pressure and cardiovascular diseases. It also contains many minerals and nutrients.

R&D Investment:

In December 2020, Red Monkey Foods was acquired by Norwest Equity Partners (NEP). NEP is a renowned venture capital and growth equity firm with a focus on the healthcare, business and consumer sectors. This acquisition would help the company capitalize on favorable trends and strengthen its position as an industry leader.

Major Players in this Market:

The major companies in the Gourmet Salt Market include Cargill Inc., Morton Salt Inc., Amagansett Sea Salt Co., SaltWorks Inc., Murray River Gourmet Salt, JK Masale, Alaska Pure Sea Salt Co., Maldon Crystal Salt Company Limited, San Francisco Salt Company, Norwest Equity Partners and Others.

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