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The gourmet salt market is expected to perform a decent growth over the upcoming years, owing to its textural properties, such as taste enhancer, flavour booster, and others. The trend of varied food and changing consumer food eating preferences have led to robust growth in the number of restaurants and cafeterias across the world. The gourmet salts are used in various cuisines as a seasoning and dressing which gives a savoury and extravagance appeal to the consumers, which assures the further growth of the gourmet salt in the global market.
The gourmet salts are gaining popularity among the consumers, owing to its natural benefits along with the experimental and improvised taste appeal. The gourmet salts are the rich source of minerals that are absorbed by the body in the form of salts. The manufacturers are focusing on obtaining different types of gourmet salts, such as Himalayan salt, Maldon salt, and others from different regions. The rising consumer demand for new gourmet salts in their food and snacks is expected to increase the consumption of gourmet salts in the global market.
Key Market Driver -
Key Market Driver – Evolving Consumer Taste Preferences and Increased demand from HRI (Hotel, Restaurant, and Institution) Sector
Key Market Restraint -
Key Market Restraint – Harmful Effects to Consumers Associated with Heart Disease, Obesity etc.
The HRI sector is performing in an outstanding manner across the world, due to widening consumer base and changing consumer food eating pattern. The cross-cultured food trend is also rising among the consumers, which encourages hotel and restaurant to utilise a huge quantity of gourmet salt as a flavouring and seasoning agent in food. The rising number of food chains and growing food services sector across the world is anticipated to give a boost in the growth of the global gourmet salt market.
The regular consumption of gourmet salt, as well as regular salt, is known to cause high blood pressure, the strain on kidney and arteries. The consumers are decreasing the usage of salt due to health concerns, which is expected to hinder the growth of gourmet salt market as well.
There are various key players which are operating in the global gourmet salt market. The rising consumption of gourmet salt is creating a competitive edge in its global market. Some of the major key players in the market include Cargill, Incorporated, SaltWorks, Inc., 24K Salt, San Francisco Salt Company, Devonshire Gourmet Salts, Morton Salt, Inc, The Marblehead Salt Co. LLC., Salinera Española, and Celtic Sea Salt.
The Himalayan salt is popular among the consumer due to its taste appeal and several health benefits and nutrients, such as magnesium, potassium, iron, phosphorus, copper, selenium, and others that are beneficial for human consumption. The manufacturers of processed foods and snacks are utilising a huge quantity of Himalayan salts in their processing. The Atlantic and Maldon salts are the other form of gourmet salt that are also utilised in food services sector and households.
Poultry & meat, and seafood are one of the popular diets across the world. The rising urbanisation and changing consumer lifestyle have led to an increase in the popularity of convenience and extended shelf life meat and poultry products. The manufacturers and suppliers of such products are utilising huge quantity of gourmet salt in product preservation, flavouring, and dressing to extend the shelf life of the product.
The Asia Pacific is emerging as a leading region across the world, owing to the growing food services sector and large consumer base in that region. The westernisation and modernisation in food eating preferences of the consumers have led to increasing in the popularity of convenience foods and other processed foods, such as snacks, meat and poultry products. The spices and savouries are important ingredients in traditional food in various countries, such as India and China.
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The manufacturers are utilising such opportunity by introducing new and evolving gourmet salts in several food processing sectors. The abundant availability of Himalayan pink salt from India and Pakistan is another factor which gives the pace to the consumption of gourmet salt in the region. The large population of the region is also affecting the household consumption of gourmet salt positively.
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