Gourmet Salt Market - Forecast(2023 - 2028)

Report Code: FBR 11205 Report Format: PDF + Excel

Gourmet Salt Market Overview

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. The growing consumer demand for processed food products is driving growth in the market for gourmet salt. As consumers become more health conscious, they are more likely to consume gourmet salt in their daily lives, which boosts the gourmet salt market since by lowering the risk of heart disease and high blood pressure. Gourmet salts are specialty salts that are quite different from conventional table salt in terms of flake size, texture, flavor and color, among other attributes. They are specialized salts with delightful characteristic flavors that are ideal for enhancing usually ordinary dishes or drinks. When consumed in moderation, it is believed to decrease blood pressure, boost circulation and help the body rid itself of heavy metals. According to World Health Organization (WHO), an estimated 1.28 billion adults aged 30-79 years worldwide have hypertension in 2021, most of them (two-thirds) living in low- and middle-income countries. Thus, the health benefits of Gourmet Salt drive the market.

Gourmet Salt Market Report Coverage

The report: “Gourmet Salt Market – Forecast (2023-2028)” by IndustryARC, covers an in-depth analysis of the following segments in the Gourmet Salt Market.

By Type: Himalayan Salt, Fleur De Sel, Sel Gris, Smoked & Roasted Salt, Flavored Salt, Specialty Salt, Atlantic Salt, Maldon Salt and Others.
By Application: Bakery & Confectionery, Meat & Poultry Products, Seafood Products, Sauces & Savory and others.
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, E-Commerce and Others.
By Geography: North America (the U.S., Canada and Mexico), Europe (the UK, Germany, France, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia and New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and the Rest of South America) and the Rest of the World (the Middle East and Africa).

Key Takeaways

  • Asia-Pacific held the largest market share in 2022, owing to the growing urbanization and changing consumer lifestyles that are driving up the demand for gourmet salt. North America is estimated to grow the fastest during the forecast period of 2023-2028, owing to the rising cases of cardiovascular diseases in the region.
  • The growing consumer demand for processed food products is driving growth in the market for Gourmet Salt.
  • As consumers become more health conscious, they are consuming more Gourmet Salt in their daily lives. This boosts the Gourmet Salt Market since it lowers the risk of heart disease and high blood pressure.
  • A detailed analysis of strengths, weaknesses, opportunities and threats would be provided in the Gourmet Salt Market Report.

Gourmet Salt: Market Share (%) by global region, 2022

Gourmet Salt Market

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Gourmet Salt Market Segment Analysis – by Type:

Based on type, the Gourmet Salt market is further segmented into Himalayan Salt, Fleur De Sel, Sel Gris, Smoked & Roasted Salt, Flavored Salt, Specialty Salt, Atlantic Salt, Maldon Salt and Others. The Sel Gris segment held the largest revenue market share in 2022, owing to its unique flavor and appearance, Sel Gris has recently become very well-known in the popular culinary community. It comes in three different textures: ultra-fine velvet grain, ideal for sprinkling over popcorn or nuts; stone-ground fine for use in shakers and coarse grain for finishing or pinching. According to the current harvest, Sel Gris typically contains 94% sodium chloride, which is slightly less than ordinary sea salts. However, the Fleur de Sel segment is estimated to grow at the fastest CAGR of 7.5% over the forecast period of 2023–2028. This is because Fleur de Sel takes longer to dissolve on the tongue with its high moisture content.

Gourmet Salt Market Segment Analysis – by Distribution Channel:

Based on the distribution channel, the Gourmet Salt Market is further segmented into supermarkets, hypermarkets, convenience stores, specialty stores, e-commerce and others. The supermarkets and hypermarkets segment held the largest revenue market share in 2022, as consumers had simple access to a variety of items and offers, with discounts and promotions on a variety of commodities. According to the Department of Commerce's Retail Indicator Division, retail sales have increased by 17.9% in 2021. However, the E-Commerce segment is anticipated to grow at the fastest CAGR of 8.7% over the forecast period of 2023–2028, as more people are choosing to purchase food online by using easy and customizable platforms rather than going to their local vendors as a result of increased spending power and hectic lifestyles.

Gourmet Salt Market Segment Analysis – by Geography:

Based on geography, the Asia-Pacific Gourmet Salt Market accounted for the largest revenue share of 31% in 2022, owing to shifting consumer tastes and an increase in the need for specialty salts for various cuisines in the region. The healthy properties of gourmet salt, like reducing the risk of cardiovascular disease and high blood pressure, are the major factor driving the market in the region. A poll conducted in China in January 2022 found that 49% of participants were concerned about dying suddenly from cardiac arrest. However, the North American region is estimated to grow at the fastest CAGR during the forecast period of 2023–2028, owing to the increasing awareness of health and wellness among people. Additionally, the rise in new product introductions and technological advancements has raised the demand for Gourmet Salt in the region.

Gourmet Salt Market – Drivers

Consumer Demand for Luxury, High-end Cuisine:

Gourmet Salt is regarded by many chefs as the best sea salt available and is prized for its elegant appearance, sophisticated flavor and moist texture. Gourmet salt goes well with everything, including fried eggs, vegetables, salads and roasted or baked meats or seafood. For instance, smoked salts are particularly suitable with items cooked on a grill, such as meats, grilled chicken and corn on the cob. They turn stovetop dishes into food that tastes like it was cooked over a campfire. According to Kitchen Infinity, 10% of Americans possess a barbecue grill. 34% of Americans enjoy grilling steaks. BBQ grill sales climbed by 40% between 2020 and 2021. Less conventionally, they also give dishes like stews, tacos, mac and cheese and caramel dessert combinations a distinctive depth. The demand for luxury traditional cuisines with enhanced flavors is increasing rapidly, which is accelerating the expansion of the Gourmet Salt Market.

Rising Health Consciousness Among the People:

Gourmet Salts consist of many nutrients and minerals and they provide various health benefits. The body requires sodium and chloride for proper functioning. These two are an evident and significant component of Himalayan pink salt since they make up the majority of edible salt. In contrast to salt, which contains 99.9% sodium chloride, Himalayan pink salt has greater space for other minerals and components. About 98% of the salt in rock is sodium chloride. Different minerals and components make up the final 2% of Himalayan salt. Serotonin levels in the human body may be raised by pink Himalayan salt. This substance could alleviate depression, enhance energy and reduce stress. The body's energy can be restored with the aid of pink Himalayan salt. There is insufficient evidence of this advantage. Thus, the rising awareness and healthcare benefits of Gourmet Salt among people are projected to drive the market.

Gourmet Salt Market – Challenge

High-Cost of Products:

Gourmet Salts have unique sensory and aesthetic properties that culinary chefs are learning to make use of, to intensify and enhance the flavor and appearance of their dishes. This is attributed to the distinct production methods used to create them, which result in different crystallization and chemical composition. According to Spruce Eats, the cost of fleur de sel is estimated to be $30 a pound or even more since it has to be manually skimmed off using specialized sieves and forms naturally under specific, extremely limited weather conditions. Gourmet salts have a significant added economic value and can further enhance the sustainability of artisanal salt operations that continue to harvest salt in the traditional manner. Gourmet salt harvesting requires significant capital expenditures for processing, packaging, labeling and marketing, which eventually add to the cost of the finished product. The additional amount related to processing Gourmet Salt is a major impediment to the market's expansion over the forecast period 2023-2028.

Key Market Players 

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Gourmet Salt Market. The top 10 companies in the Gourmet Salt Market are:

  1. Cargill Inc.
  2. Morton Salt Inc.
  3. Amagansett Sea Salt Co.
  4. SaltWorks Inc.
  5. Murray River Gourmet Salt
  6. JK Masale
  7. Alaska Pure Sea Salt Co.
  8. Maldon Crystal Salt Company Limited
  9. San Francisco Salt Company
  10. Norwest Equity Partners

Recent Developments

  • In July 2022, Sanderson Farms was acquired by Cargill and Continental Grain. In order to complete the purchase, Cargill and Continental Grain joined Sanderson Farms with Wayne Farms, a Continental Grain subsidiary, to create a brand-new, privately-held chicken company.
  • In April 2021, JK Masale launched a brand-new gourmet range for its Indian customers. With this recent offering, the company joins the seasoning sector. This product line was developed for food lovers who want to enjoy delectable and healthy meals.
  • In October 2020, Morton Salt has partnered with Fun.com, the market leader in the costume sector, to create an official costume, so that customers can dress as the familiar Morton Salt Girl regardless of how they wish to celebrate Halloween. Beanstalk, a global brand extension licensing company for Morton Salt, organized this partnership.

Relevant Titles

Flavored Salts Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: FBR 23911

Sodium Chloride Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: CMR 98021

US Salt Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: IMFBR 0087

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1. Gourmet Salt Market - Overview
    1.1. Definitions and Scope
2. Gourmet Salt Market - Executive Summary
3. Gourmet Salt Market – Market Landscape
    3.1. Company Benchmarking - Key Companies
    3.2. Financial Analysis – Key Companies
    3.3. Market Share Analysis – Key Companies
    3.4. Patent Analysis - Global
    3.5. Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Gourmet Salt Market – Startup Company Scenario (Premium)
    4.1. Investment
    4.2. Revenue
    4.3. Venture Capital and Funding Scenario
5. Gourmet Salt Market – Market Entry Scenario Premium (Premium)
    5.1. Regulatory Scenario
    5.2. New Business and Ease of Doing business index
    5.3. Case Studies of Successful Ventures
    5.4. Customer Analysis
6. Gourmet Salt Market - Forces
    6.1. Market Drivers
    6.2. Market Constraints
    6.3. Porter's 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 Analysis
8. Gourmet Salt Market – by Type
    8.1. Himalayan Salt
    8.2. Fleur De Sel
    8.3. Sel Gris
    8.4. Smoked & Roasted Salt
    8.5. Flavored Salt
    8.6. Specialty Salt
    8.7. Atlantic Salt
    8.8. Maldon Salt
    8.9. Others
9. Gourmet Salt Market – by Application
    9.1. Bakery & Confectionery
    9.2. Meat & Poultry Products
    9.3. Seafood Products
    9.4. Sauces & Savory
    9.5. Others
10. Gourmet Salt Market – by Distribution Channel
    10.1. Supermarkets/Hypermarkets
    10.2. Convenience Stores
    10.3. Specialty Stores
    10.4. E-Commerce
    10.5. Others
11. Gourmet Salt Market - by Geography
    11.1. North America
        11.1.1. The US
        11.1.2. Canada
        11.1.3. Mexico
    11.2. South America
        11.2.1. Brazil
        11.2.2. Argentina
        11.2.3. Colombia
        11.2.4. Chile
        11.2.5. The Rest of South America
    11.3. Europe
        11.3.1. The UK
        11.3.2. Germany
        11.3.3. France
        11.3.4. Italy
        11.3.5. Spain
        11.3.6. Russia
        11.3.7. The Rest of Europe
    11.4. Asia-Pacific
        11.4.1. China
        11.4.2. Japan
        11.4.3. India
        11.4.4. South Korea
        11.4.5. Australia and New Zealand
        11.4.6. The Rest of APAC
    11.5. The Rest of the World
        11.5.1. The Middle East
        11.5.2. Africa
12. Gourmet Salt Market - Market Entropy
    12.1. New service launches
    12.2. M&As, collaborations, JVs and partnerships
13. Gourmet Salt Market – Industry Competition Landscape (Premium)
14. Market Share Analysis
    14.1 Market Share by Region – Key Companies
    14.2. Market Share by Country – Key Companies
    14.3 Competition Matrix
    14.4 Best Practices for Companies
15. Gourmet Salt Market – Key Company List by Country Premium (Premium)
16. Gourmet Salt Market Company Analysis
    16.1. Company 1
    16.2. Company 2
    16.3. Company 3
    16.4. Company 4
    16.5. Company 5
    16.6. Company 6
    16.7. Company 7
    16.8. Company 8
    16.9. Company 9
    16.10.  Company 10
* "Financials would be provided to private companies on best-efforts basis." 
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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