This report titled “Gourmet Salts Market - Growth, Future Prospects, and Competitive Analysis, 2021 – 2029” offers strategic insights into the trends in gourmet salts market along with the market size and forecast for the duration 2019 to 2029. The said research study incorporates in-depth analysis of multiple market segments based on type, application and geographical distribution.
The global gourmet salts market is becoming increasingly competitive with growing new products by market players to reach full capabilities and gain international footprint. In addition, several players are also focused on developing their niche products in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Asia Pacific and Europe.
Based on type, the global gourmet salts market is categorized into fleur de sel, coarse salt, Himalayan salt, flake salt, others. On the basis of application, the global gourmet salts market is segmented into meat and poultry, confectionery and bakery, sauces, desserts, and others. In addition, food companies form the major client for these flavors. Market size and forecast for all the considered segmentation is presented in this report for the period 2019-2029 (US$ Mn) along with their respective CAGRs for the forecast period 2021-2029 (Value %).
On the basis of type, the gourmet salts market is categorized into following types:
The gourmet salts market is also segmented on the basis of type such as fleur de sel, coarse salt, Himalayan salt, flake salt, and others. Amongst this, fleur de sel segment contributed the highest share in the total revenue of gourmet salts market in 2020. The segment is expected to expand at a stupendous compound annual growth rate over the forecast period. Rising demand for gourmet salt in order to add in production of confectionery, ice creams and dessert is anticipated to bolster the growth of the segment over the forecast period. Fleur de sel salt is one of the most popular gourmet salts which is highly utilized in vegetable salads and dishes as well as roasted meat which is expected to expand the growth of this segment between 2021 and 2029.
On the basis of application, the gourmet salts market is categorized into following types:
The gourmet salts market is also segmented on the basis of application such as meat and poultry, confectionery and bakery, sauces, desserts, and others. Amongst this, confectionery and bakery segment contributed the highest share in the total revenue of gourmet salts market in 2020. The segment is expected to expand at a stupendous compound annual growth rate over the forecast period. Rise in adoption of gourmet recipes among households is anticipated to impel the growth of meat and poultry segment during the forecast period. The meat and poultry segment is likely to witness robust growth in terms of CAGR as well between 2021 and 2029.
Rising awareness among people related to changing preferences related to cuisines has intensified the growth of worldwide gourmet salts market. Apart from this higher personal disposable income especially in developing countries has strengthened the purchasing power of households to spend on multi-cuisines which has stimulated the demand for gourmet salts over the past few years. The global gourmet salts market has been categorized by geography which includes Europe, North America, Asia Pacific and Rest of the World (including Latin America and Middle East). In 2020, Europe dominated the market with a contribution of around 40% in the total revenue of global gourmet salts market. Due to expansion by the companies and higher disposable income, the North America and Asia Pacific region is anticipated to gain traction in terms of demand for gourmet salts over the forecast period.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Gourmet Salts market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Type
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Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
