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Gourmet Salts Market valuation to hit USD 1.5 billion, Europe to emerge as a prominent growth avenue by 2024

Author : Rahul Sankrityayan | Published Date : 2019-03-15 

The demand for gourmet salts market is witnessing a major upswing at a global level with the growing popularity of organic food and rising wave of westernization. Gourmet salts are naturally harvested and untreated sea salts that enhance the dressing of the food products and impart exotic flavor. Gourmet salt’s low sodium content coupled with high mineral presence will further fuel its demand over mineral salts. It is found that excessive intake of mineral salts leads to high prevalence of cardiovascular illness and hypertension. Globally, high blood pressure caused more than 7 million deaths in 2015, as per a report by Global Health Observatory (GHO). Moreover, the population aged above 25-year contributed for more than 40% of the high BP instances. A significant rise in consumer spending on food & beverages and gourmet food in luxury restaurants will further drive the gourmet salts industry share. As per report by Global Market Insights, Inc., Gourmet Salts Market stood at USD 1 billion in 2016 and is projected to exceed USD 1.5 billion by 2024. In terms of volume the gourmet salts industry is anticipated to surpass 120 kilo tons over the coming seven years.

Gourmet salt comes in various product types such as Fleur De Sel, Sel gris, Indian pink salt, Himalayan salts, Italian salts, flake salts specialty gourmet salts, smoked salts, and others. Among these, Fleur De Sel finds wide application scope in vegetable dishes, salads, roasted meats, and seafood. This product also finds potential utilization in bakery products, owing to its high mineral content, moisture, and better solubility characteristics. In 2016’s gourmet salts market statistics, fleur de sel accounted for more than 35% of the overall industry share. Sel gris type of gourmet salt also has excellent moisture retention property as is thus widely used in healthier food recipes for seasoning of vegetables and meat. As per estimates, sel gris is likely to grow at an annual rate of 8% over 2017-2024.

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Strong application potential of gourmet salts in meat, fish & poultry processing and preservation have provided significant impetus to the product demand. The global gourmet salts market from meat & poultry processing application witnessed high demand and is expected to surpass USD 500 million by 2024. Substantial rise in the consumption of meat, hams, fish, meatballs, and roasts in Asia Pacific will positively impact the regional gourmet salts industry growth. In 2015, APAC was the largest meat and processed meat consumer having accounted for over 65% of the global demand. China is a major contributor to this regional growth as an average Chinese person consumes about 60 kg of meat every year. In 2016, China gourmet salts industry generates revenue worth USD 50 million and is expected to attain significant gains over the coming timeframe of seven years.

European geriatric population covers approximately 24% of the overall regional demography and has thus significantly impacted the demand for nutritional food items and life expectancy products for the aging population. Accounting for more than 35% of overall gourmet salts market in 2016, Europe dominated the regional landscape. Germany and UK were the leading regions supporting the industry growth.

Prominent gourmet salts market players include Infosa, Maldon Crystal, San Francisco Saltsworks, Pyramid, Murray River, Devonshire, Amagansett, Alaska, and CargillMorta

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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