Tag: gourmet-salts-market • BookLikes

text 2020-01-27 08:34

Gourmet Salts Market Set for Rapid Growth and Trend by 2024

Global Market Insights, Inc. provides a detailed overview of Gourmet Salts Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Growing consumer spending on food & beverages due to switching lifestyles will drive the industry requirement. The global food & beverage industry will surpass USD 9.5 trillion by 2024 growing at over 3.4%. Rising product consumption in dressing and seasoning of foods will further support the product scope. High preservation and moisture-retaining property have resulted in increasing demands in seafood & meat processing to increase the shelf-life. Global per capita fish consumption reached 20.5 kg per capita, with an annual growth of around 1% in 2016.

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Gourmet Salts Market size is predicted to surpass USD 1.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Possible outlook in culinary & preserving applications along with increasing adoption of gourmet food in luxury restaurants globally will propel the gourmet salts market size. Enhancing taste, flavor, and aroma in foods are the key properties in stimulating industry growth.

Increasing consumer health awareness along with shifting preference for low sodium saline are the key factors driving the gourmet salts market growth. High product usage for curing in beauty centers & spas for personal care treatments enhanced product demand. Rising health issues including hypertension, cardiovascular diseases, and high blood pressure will fuel product penetration. Fleur de sel holds 35% of the overall gourmet salts market share. Strong outlook in roasted meats, vegetable dishes and salads will support the product demand. High magnesium chloride and calcium content present it beneficial for human consumption. High moisture absorption enhancing flavors to the taste buds will drive the demand.

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High availability of the gourmet salts variations including 84 distinct types of metal, elements and minerals enhanced the product demand. Expensive prices along with lack of product awareness are the major restraints of the gourmet salts market growth.

Meat & poultry demand is anticipated to worth around USD 510 million by 2024. Changing lifestyle and improved preservation technology in processed meat, fish and poultry will fuel the product demand. Rising demand as a prophylaxis for canned meats, hams, roasts, meatballs, and fish, enhances the gourmet salts market growth.

Bakery & confectionary market will witness over 8.5% CAGR up to 2024. High product acceptance owing to its superior properties including enhanced food taste, distinct flavor, appearance, color, and aroma will drive revenue growth.

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Europe, led by UK and Germany gourmet salts market is the fastest-growing region, estimated to value over USD 724 million by 2024. Rising demand for processed food particularly in Italy, Spain, Germany, and France will drive the regional industry growth.

Asia Pacific gourmet salt market, dominated by China is expected to witness growth over 7.5% up to 2024. Growing health awareness, increasing disposable income along with surging demand for processed food will support the industry demand.

The U.S. Gourmet Salts Market was valued more than USD 217 million in 2016. Improved standard of living coupled with increasing commercialization in the food industry though several promotions are the driving factors of the industry growth. Increasing consumer awareness about product benefits accompanied by an increase in the food & beverage industry will propel the product demand.

Key industry players in the gourmet salts market are Cargill, Morton, CK Life Sciences, Amagansett, Dominion, Irish Atlantic, Devonshire, Alaska Pure, Cargill, Murray, Marblehead, Infosa and Marblehead.

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text 2019-12-03 08:28

2024 Gourmet Salts Market Outlook, Review, Research and Forecast Analysis

sangmeshwarswami

Global Market Insights, Inc. has added a new report on Gourmet Salts Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.

Gourmet Salts Market size exceeded USD 1 billion in 2016 and is set to exceed 120 kilo tons by 2024. Rapid urbanization, changing lifestyles and increasing processed food production will drive gourmet salts market size. The product will contribute a major share in food application owing to gradual change in dietary patterns over the forecast period.

High consumption of mineral salts leads to hypertension and cardiovascular illness. As per Global Health Observatory (GHO), globally high blood pressure caused over 7 million deaths in 2015. Population aged 25 and above accounted for over 40% of the global high blood pressure instances. Low sodium content along with mineral presence will remain key factors fueling gourmet salts penetration over its conventional counterpart.

On trade food industry expansion owing to change in consumer demographic & lifestyle will support the product business growth. Global restaurant industry generated over USD 3 trillion revenue in 2016 with the U.S. contributing over USD 750 billion in the same year. Rising wave of westernization and growing popularity of natural or organic food products are the key factors driving the gourmet market on a global level. Increase in consumer willingness to spend high price on gourmet food owing to rising consumer taste development for specialty and artisanal food has favored industry growth.

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Gourmet salts are naturally occurring mineral which possesses exotic flavors and textures depending upon their original source. The product is different from conventional counterparts in terms of mineral and moisture content with aromatic and aesthetic qualities.

In last few years, global consumption of saline in food items witnessed a steady downward market trend. Food experts urged customers to check product labels and choose items with lower saline content. Restaurant industry making efforts to reduce saline content in their food offerings as a result product will witness significant gains in the market forecast period.

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Global Gourmet Salts Market Key Players include Cargill, Infosa, San Francisco Saltsworks, Mortan, Murray River, Amagansett, Pyramid, Alaska, Maldon Crystal, and Devonshire. The market of this industry is competitive in nature owing to the presence of a limited number of manufacturers. Companies are engaged in collaboration and partnership with high-end restaurants, which will provide an opportunity for them to increase their footprint. In order to capture a bigger share companies are anticipated to increase their supply chain network across North America and Asia Pacific. Entry of new industry players will increase gradually due to high-profit margin over the forecast period.