Gourmet Salt Market - Forecast(2024 - 2030)

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.

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 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.

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