Published on : Aug 14, 2018
Albany, New York, August 14, 2018: An up-to-date research report, focusing on the global market for gourmet salts have been publicized to the massive database of Market Research Hub (MRH), which clearly states that market will gain steady growth in the coming years. The study is titled as “Global Market Study on Gourmet Salts: Consumer Inclination for Organic Food Ingredients Offering Wide-ranging Health Benefits to Lift up Growth Scenario”, which analyzes the current as well as future prospects of the global gourmet salts market until the end of 2025. To provide better and accurate results, the report majorly focuses on some of the prime regions including the Middle East and Africa (MEA), Europe, Japan, Asia Pacific excluding Japan, North America, and Latin America.
According to the study evaluations, the global gourmet salts is projected to witness a CAGR of 5.1% from 2018 to 2026. In 2017, the market was worth US$ 2,477.8 Mn and is expected to rise to a valuation of US$ 3,786.5 Mn by the end of 2026. It has been further added that escalating demand for gourmet salts is predominantly due to rapid globalization, growing awareness of consumers, and frequent innovation in ingredients and flavors. From a geographical standpoint, the study found that North America market projected to witness steady growth through 2026. The primary demand drivers in North America are witnessing fast-paced evolution, as dietary habits receive emphasis, especially among consumers who scour every label to read the ingredients.
Initially, the research presents a detailed market outlook of the gourmet salts along with market dynamics such as drivers, restraints and opportunities. As salts form an integral part of a meal, it is available in abundance as it is processed synthetically in factories and in the course of time, the factory procedures have been taking away its originality. However, at present, the demand for gourmet salts is intensifying as they are sold and consumed in their natural form. The demand for these salts is relatively high across the globe with consumers shifting their food patterns towards consumption of healthy alternatives over their conventional counterparts.
The report’s authors have further segmented the global gourmet salts market on the basis of region, types and application. By product type, the study covers coarse salt, Italian sea salt, flake salt, smoked sea salt, Indian black salt, fleur de sel and sel griss sea salt. Application-wise segmentation includes bakery & confectionery, desserts & frozen food, seafood, meat & poultry, and sauces & savory. For each segment, the research offers separate analysis covering y-o-y growth comparison, historical market size (US$ Mn) and volume (MT).
At last, the study offers a competitive landscape of the market. According to the report, there is a high-profit margin for players who have been operating in the market for quite some time owing to the ease of packaging and transportation. This factor is also paving way for new players to venture into the market, thereby providing impetus to the market.
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