The global gourmet salt market is forecasted to register a CAGR of 5.9% during the forecast period (2020-2025), anticipated to be driven by factors such as demand for extravagant and mouthfeel along with the growing concept of devouring foods cooked from scratch.
- Promotion of gourmet salts by chefs that includes various content such as minerals, less chalky and brighter taste, along with growing preferences of consumers in adding ingredients to enhance flavors are expected to drive the demand in the near future.
- Innovation in terms of infusing different flavors across gourmet salts is expected to drive sales, since altering consumer preferences are likely to play a key role in determining demand. Furthermore, visual appeal is one of the key criteria, which is anticipated to imbibe the product placing across both retail and kitchen shelves.
Key Market Trends
The Frequent Notion of Eating Traditional Cuisines Across Full-service Restaurants
The trend in devouring traditional blend of foods have witnessed a rapid demand among consumers, where novel products offered by restaurants have indicated a high rate of acceptance considering the inclusion of natural ingredients to enhance flavors. Although, manufacturers are trying to offer a close-to-accurate product that replicates the same flavor, taste, and mouthfeel, which over a short term period the scalability seems to be feasible. Preference of consumers has altered over the fast few years, where consumers in general, desire home-cooked or restaurant served food dishes.
North America Continue to Dominate the Global Market
Americans are consuming substantially more sodium than in the 1970s. Although, since 2010, some manufacturers have reduced sodium in some foods, and the amount of sodium consumed has decreased slightly in some groups of people. However, the shift in preferences has led to the scaling demand for gourmet salts altogether. The introduction of flavored gourmet salts is one of the latest trends that will contribute to the growth of this market in the forthcoming years across the region. Moreover, there is also a growing opportunity in the market for flavored salts made from natural ingredients i.e. naturally flavored.
Key players have intensely embarked on industry consolidation by leveraging their distribution network, entering into partnerships with local distributors, especially in the emerging economies, and developing new products with customization for different products.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support