Gourmet Salt Market - Forecast(2021 - 2026)

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Gourmet Salt Market Overview

Gourmet Salt Market size is estimated to reach $3.2Billion by 2026, growing at a CAGR of 5.5% during the forecast period 2021-2026. Gourmet salts are high-quality unrefined salts that are mostly hand-harvested and used particularly in upscale culinary applications. Gourmet salts are available in various textures depending on the method of harvesting and processing. Increase in the demand for high-quality premium products, growing demand for traditional cuisines with enhanced flavours, growing demand for gourmet salts in the bakery industry, increase in the standard of living, changing customer preferences, increase in the demand for convenience foods and increase in the health consciousness among individuals are the factors that are set to drive the growth of the global market for the forecast period 2021-2026.

Gourmet Salt Market Report Coverage

The report: “Gourmet Salt Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Gourmet Salt Market. 
By Product Type: Sel Gris, Flakey Salt, Himalayan Salt, Fleur de sel, and Others.
By Application: Confectionery, Bakery, Meat and Poultry, Sea Food, Sauces and Savories, Others.
By Geography: North America, Asia-Pacific, Europe, and Rest of World (ROW).

Key Takeaways

  • Geographically, Asia-Pacific Gourmet Salt Market accounted for the highest revenue share in 2020 and it is poised to dominate during the forecast period 2021-2026 owing to the high demand.
  • Growing demand for traditional cuisines with enhanced flavours is likely to aid in the market growth of Gourmet Salt Market.
  • Lack of awareness in developing nations is one of the major factors which is said to reduce the growth of Gourmet Salt Market.
  • Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Gourmet Salt Market report.

Gourmet Salt Market Segment Analysis - By Product Type

The Global Gourmet Salt Market based on the Product Type can be further segmented into Sel Gris, Flakey Salt, Himalayan Salt, Fleur de sel, and others. The Sel Gris segment held the largest share in 2020 owing to the factors such as it promotes a restful sleep pattern and has a calming effect on the central nervous system. It also improves the function of the brain by allowing the nerve cells to communicate and process information. Flakey Salt segment held the second-largest share in 2020 owing to the factors such as growing applications in food and beverages industry and growing demand for toppings. The growing demand for quality premium products owing to rise in the standard of living is driving the demand for flakey salt.

Gourmet Salt Market Segment Analysis - By Application

The Global Gourmet Salt Market based on the Application can be further segmented into Confectionery, Bakery, Meat and Poultry, Sea Food, Sauces and Savories, and Others. The Confectionery segment held the largest share in 2020 owing to the factors such as growing demand for gourmet salts in confectionery, availability of choice of flavour, increase in the inclination towards a sedentary lifestyle, increase in the product launches and innovations and rise in the disposable income of individuals. Sauces and Savories is estimated to be the fastest-growing segment with a CAGR of 6.37% owing to the factors such as rise in the standard of living, shift in the consumption patterns of foods and growing demand for innovative products in sauces and savouries.

Gourmet Salt Market Segment Analysis - By Geography

The Global Gourmet Salt Market based on the Geography can be further segmented into North America, Asia-Pacific, Europe, and Rest of World. Asia-Pacific held the largest share contributing around 36% of market share in 2020. The growth in this segment is owing to the factors such as growing demand for gourmet salts in bakery industry, increase in the disposable income of individuals, increase in the demand for convenience foods and increase in the investment by the major companies. North America is estimated to be the fastest-growing segment owing to the factors such as increase in the health consciousness among individuals, increase in the inclination towards taste, sedentary lifestyle and increase in the product launches and innovations.

Gourmet Salt Market Drivers

Growing demand for high-quality premium foods.

The increase in the demand for high-quality premium foods is estimated to enhance the growth of Gourmet Salt Market. Increase in the disposable income of individuals and sedentary lifestyle are also the factors which enhance the growth of Gourmet Salt Market.

Increase in the demand for traditional cuisines with enhanced flavours.

There is a rapid increase in the demand for traditional cuisines with enhanced flavours. This led to rapid increase in the growth of Gourmet Salt Market. Growing demand for gourmet salts in bakery industry is also estimated to enhance the growth of the Gourmet Salt Market.

Gourmet Salt Market Challenges

High cost and lack of awareness in developing countries.

High cost of gourmet salt is one of the major factors that is estimated to reduce the growth of the Gourmet Salt Market. Lack of awareness in developing nations is also said to reduce the growth of the Gourmet Salt Market.

Gourmet Salt Industry Outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Gourmet Salt Market. Key companies of this market are Cargill Inc, Morton Salt Inc, Murray River Salt, Saltworks Inc, Cheetam Salt Ltd, Pyramid Salt Ltd, Maldon Crystal Salt Co, Alaska Pure Sea Salt Co, Amagansett Sea Salt Co, Kalahari Pristine Salt Worx among others.

Acquisitions/Product Launches:

  • In 2016, Saltworks Inc. has launched a brand new e-commerce website to better serve wholesale customers purchasing large volume quantities of gourmet salt.
  • In 2017, Cargill Inc. has launched a new multi-million dollar facility in Watkin’s Glen, New York to produce popular gourmet salt to meet the customers demand.
  • In 2020, Morton Salt Inc. has launched new packaging for its complete portfolio of retail gourmet salt products to boost the sales of the brand.

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1. Gourmet Salt Market - Overview
    1.1 Definitions and Scope
2. Gourmet Salt Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends
    2.2 Key trends by Product Type
    2.3 Key trends by Application
    2.4 Key trends by Geography
3. Gourmet Salt Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
     3.5 Pricing Analysis
4. Gourmet Salt Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2  Revenue
        4.1.3  Venture Capital and Funding Scenario
5. Gourmet Salt Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2New Business and Ease of Doing business index
    5.3Case Studies of Successful Ventures
6. Gourmet Salt - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Gourmet Salt Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Gourmet Salt Market – By Product Type (Market Size –$Million/$Billion)
    8.1 Sel Gris
    8.2 Flakey Salt
    8.3 Himalayan Salt
    8.4 Fleur de sel
    8.5 Others
9. Gourmet Salt Market – By Application (Market Size –$Million/$Billion)
    9.1 Confectionery
    9.2 Bakery
    9.3 Meat and Poultry
    9.4 Sea Food
    9.5 Sauces and Savories
    9.6 Others
10. Gourmet Salt Market - By Geography (Market Size –$Million/$Billion)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 U.K.
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Russia
        10.2.7 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 India
        10.3.3 Japan
        10.3.4 South Korea
        10.3.5 Australia & New Zealand
        10.3.6 Rest of Asia-Pacific
    10.4 Rest of the World
        10.4.1 Middle East
        10.4.2 Africa
        10.4.3 South America
11. Gourmet Salt Market - Entropy
12. Gourmet Salt Market – Industry/Segment Competition Landscape      Premium  
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key companies
        12.1.3 Market Share by Countries – Key Companies
        12.1.4 Best Practices for Companies
13. Gourmet Salt Market – Key Company List by Country Premium  Premium
14. Gourmet Salt Market Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global MARKET SEGMENTATION Market 2019-2024 ($M)
1.1 By Product Type Market 2019-2024 ($M) - Global Industry Research
1.1.1 Sel Gris Market 2019-2024 ($M)
1.1.2 Flakey Salt Market 2019-2024 ($M)
1.1.3 Himalayan Salt Market 2019-2024 ($M)
1.1.4 Fleur de sel Market 2019-2024 ($M)
1.1.5 Speciality Salt Market 2019-2024 ($M)
1.2 By Application Market 2019-2024 ($M) - Global Industry Research
1.2.1 Confectionary Market 2019-2024 ($M)
1.2.2 Bakery Market 2019-2024 ($M)
1.2.3 Meat Poultry Market 2019-2024 ($M)
1.2.4 Sea Food Market 2019-2024 ($M)
1.2.5 Sauces Savories Market 2019-2024 ($M)
2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
2.1 Most Active Companies Market 2019-2024 ($M) - Global Industry Research
2.2 Most Adopted Strategies Market 2019-2024 ($M) - Global Industry Research
3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
3.1 By Product Type Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Sel Gris Market 2019-2024 (Volume/Units)
3.1.2 Flakey Salt Market 2019-2024 (Volume/Units)
3.1.3 Himalayan Salt Market 2019-2024 (Volume/Units)
3.1.4 Fleur de sel Market 2019-2024 (Volume/Units)
3.1.5 Speciality Salt Market 2019-2024 (Volume/Units)
3.2 By Application Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 Confectionary Market 2019-2024 (Volume/Units)
3.2.2 Bakery Market 2019-2024 (Volume/Units)
3.2.3 Meat Poultry Market 2019-2024 (Volume/Units)
3.2.4 Sea Food Market 2019-2024 (Volume/Units)
3.2.5 Sauces Savories Market 2019-2024 (Volume/Units)
4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
4.1 Most Active Companies Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Most Adopted Strategies Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
5.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Sel Gris Market 2019-2024 ($M)
5.1.2 Flakey Salt Market 2019-2024 ($M)
5.1.3 Himalayan Salt Market 2019-2024 ($M)
5.1.4 Fleur de sel Market 2019-2024 ($M)
5.1.5 Speciality Salt Market 2019-2024 ($M)
5.2 By Application Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Confectionary Market 2019-2024 ($M)
5.2.2 Bakery Market 2019-2024 ($M)
5.2.3 Meat Poultry Market 2019-2024 ($M)
5.2.4 Sea Food Market 2019-2024 ($M)
5.2.5 Sauces Savories Market 2019-2024 ($M)
6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
6.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
6.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
7.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Sel Gris Market 2019-2024 ($M)
7.1.2 Flakey Salt Market 2019-2024 ($M)
7.1.3 Himalayan Salt Market 2019-2024 ($M)
7.1.4 Fleur de sel Market 2019-2024 ($M)
7.1.5 Speciality Salt Market 2019-2024 ($M)
7.2 By Application Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Confectionary Market 2019-2024 ($M)
7.2.2 Bakery Market 2019-2024 ($M)
7.2.3 Meat Poultry Market 2019-2024 ($M)
7.2.4 Sea Food Market 2019-2024 ($M)
7.2.5 Sauces Savories Market 2019-2024 ($M)
8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
8.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
8.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
9.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Sel Gris Market 2019-2024 ($M)
9.1.2 Flakey Salt Market 2019-2024 ($M)
9.1.3 Himalayan Salt Market 2019-2024 ($M)
9.1.4 Fleur de sel Market 2019-2024 ($M)
9.1.5 Speciality Salt Market 2019-2024 ($M)
9.2 By Application Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Confectionary Market 2019-2024 ($M)
9.2.2 Bakery Market 2019-2024 ($M)
9.2.3 Meat Poultry Market 2019-2024 ($M)
9.2.4 Sea Food Market 2019-2024 ($M)
9.2.5 Sauces Savories Market 2019-2024 ($M)
10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
10.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
10.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
11.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Sel Gris Market 2019-2024 ($M)
11.1.2 Flakey Salt Market 2019-2024 ($M)
11.1.3 Himalayan Salt Market 2019-2024 ($M)
11.1.4 Fleur de sel Market 2019-2024 ($M)
11.1.5 Speciality Salt Market 2019-2024 ($M)
11.2 By Application Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Confectionary Market 2019-2024 ($M)
11.2.2 Bakery Market 2019-2024 ($M)
11.2.3 Meat Poultry Market 2019-2024 ($M)
11.2.4 Sea Food Market 2019-2024 ($M)
11.2.5 Sauces Savories Market 2019-2024 ($M)
12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
12.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
12.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
13.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Sel Gris Market 2019-2024 ($M)
13.1.2 Flakey Salt Market 2019-2024 ($M)
13.1.3 Himalayan Salt Market 2019-2024 ($M)
13.1.4 Fleur de sel Market 2019-2024 ($M)
13.1.5 Speciality Salt Market 2019-2024 ($M)
13.2 By Application Market 2019-2024 ($M) - Regional Industry Research
13.2.1 Confectionary Market 2019-2024 ($M)
13.2.2 Bakery Market 2019-2024 ($M)
13.2.3 Meat Poultry Market 2019-2024 ($M)
13.2.4 Sea Food Market 2019-2024 ($M)
13.2.5 Sauces Savories Market 2019-2024 ($M)
14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
14.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
14.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Gourmet Salt Market Revenue, 2019-2024 ($M)
2.Canada Gourmet Salt Market Revenue, 2019-2024 ($M)
3.Mexico Gourmet Salt Market Revenue, 2019-2024 ($M)
4.Brazil Gourmet Salt Market Revenue, 2019-2024 ($M)
5.Argentina Gourmet Salt Market Revenue, 2019-2024 ($M)
6.Peru Gourmet Salt Market Revenue, 2019-2024 ($M)
7.Colombia Gourmet Salt Market Revenue, 2019-2024 ($M)
8.Chile Gourmet Salt Market Revenue, 2019-2024 ($M)
9.Rest of South America Gourmet Salt Market Revenue, 2019-2024 ($M)
10.UK Gourmet Salt Market Revenue, 2019-2024 ($M)
11.Germany Gourmet Salt Market Revenue, 2019-2024 ($M)
12.France Gourmet Salt Market Revenue, 2019-2024 ($M)
13.Italy Gourmet Salt Market Revenue, 2019-2024 ($M)
14.Spain Gourmet Salt Market Revenue, 2019-2024 ($M)
15.Rest of Europe Gourmet Salt Market Revenue, 2019-2024 ($M)
16.China Gourmet Salt Market Revenue, 2019-2024 ($M)
17.India Gourmet Salt Market Revenue, 2019-2024 ($M)
18.Japan Gourmet Salt Market Revenue, 2019-2024 ($M)
19.South Korea Gourmet Salt Market Revenue, 2019-2024 ($M)
20.South Africa Gourmet Salt Market Revenue, 2019-2024 ($M)
21.North America Gourmet Salt By Application
22.South America Gourmet Salt By Application
23.Europe Gourmet Salt By Application
24.APAC Gourmet Salt By Application
25.MENA Gourmet Salt By Application