Frozen food industry in Gourmet Salts Market to hit $ 300 billion business by 2024

Rising popularity for high quality salts to improve food flavor will drive the gourmet salts market size. These are sea salts obtained by natural handpicked methods and are rare in terms of color and taste due to which they are highly desirable in elite restaurants as replacements to table salt.

Gourmet salts penetration in international culinary dishes is on a rise. Increasing international cuisine restaurants across the world will favor the industry growth. On the basis of product, himalayan, sel gris, coarse, flake, and fleur de sel are key popular products in the industry.

The product is also differing in terms of texture depending upon the source harvesting method, and processing techniques. In terms of application, the industry is segmented in to bakery & confectionary, seafood products, meat & poultry products, and sauces & savory. Seafood and meat industry are among the major revenue generating application owing to its attractive seasoning flavor. Soups and salads are among the other key potential application.

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Increasing health consciousness along with change in lifestyle will positively influence the industry growth owing to its beneficiary properties. These salts are obtained through the sea water evaporation that is abundant in mineral content and possesses a low sodium content.

Himalayan salts are claimed to have a high potential in the industry due to its nutritive content and positive health effect on humans. Increasing bone strength, maintaining water content in the body, and aiding digestion are major health benefits offered by this product.

Fluer de sel is forecast to witness significant gains, the product is hand-harvested obtains by scraping top layer before it sinks to the bottom. The product has wide application scope in bakery and confectionery products for seasoning caramels, bread, and chocolates. It is a popular choice for seasoning on salads, sweets, sandwiches, and other finished dishes before serving. The product is not preferred for cooking as it will lose its flavour.

Global canned food spending is forecast to reach USD 105 billion by 2024. Increasing demand for canned foods and pickles will drive the gourmet salts demand owing to its qualities pertaining to moisture absorbance and long-term preservation. Frozen food industry is set to surpass USD 300 billion business by 2024 which will create new opportunities in this segment.

U.S. gourmet salts are expected to witness the highest gains owing rising consumption for international food coupled with distinguished taste as compared to the regular counterpart. High disposable income along with presence of multicultural population is another factor to drive regional industry growth.

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Shifting trends towards the use of these products in traditional recipes will drive the Europe gourmet salts market growth. The region is expected to observe over 6% growth. Less processing coupled with additional health benefits over its commercial counterpart is another key lucrative factor fueling product demand particularly in UK, France, Spain, and Italy.

Innovations in food and beverage industry pertaining to dishes experiments along with increased consumer interest for multi-cultural food will stimulate the industry growth. Asia pacific gourmet salts market is expected to witness a significant growth owing to increasing changing dining habits and restaurants sector expansion.

In addition to this, international culinary television shows featuring these products will increase awareness among consumers and hence influencing gourmet salts demand. The product is also clubbed with other spices, herbs, onion, paprika, garlic, pepper, and chili to enhance the color and flavor of the dishes.

Limited product availability owing to its rare production sources and techniques along with high cost will impact the overall gourmet salts market price trend. Governmental organizations’, such as the FDA’s, recommendations for the iodized usage in the daily food are to eradicate iodine deficiency may restrain the product usage for the primary consumption.

Global gourmet salts market share is fragmented in nature. Cargill, Saltworks, Inc., Infosa, San Francisco, Mortan, Murray River, Pyramid, Amagansett, Alaska, Maldon Crystal, and Devonshire are among the key industry players.

Companies are expected to expand the distribution network across Asia Pacific and North America to obtain brand recognition. Mergers & acquisitions, product portfolio expansion, and new entrants will make the market more competitive in the coming years.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services.